Jody Winter's entrepreneurial business idea sprang out of frustration.
A hair and makeup artist who specializes in wedding-day services, Winter had grown weary of meeting brides-to-be at coffee shops where she had to jockey for tables and talk business over the clamor of espresso machines.
"You're trying to be professional, trying to collect a deposit, but you're working in a coffee shop wondering if people are asking themselves, 'How much do I trust them with my special day?' " she said.
Winter couldn't afford her own studio, and knew that many of her fellow solo practitioners in the wedding and events trade were in the same boat. Collectively, she figured they could make it work.
The result is Cornerstone Studios, a co-working and event space in northeast Minneapolis designed to support wedding-industry professionals. Winter opened the modern industrial space on Central Avenue in August with six members. Now, 21 people work out of the building, including wedding planners, caterers, florists, marketers, graphic designers, stationery designers and artisans specializing in wedding decor.
"We can all run our own businesses and still collaborate," said Winter, 33.
The shared-workspace model has been expanding rapidly over the past decade, fueled by massive layoffs during the Great Recession and the rising gig economy. In the U.S., the co-working market is forecast to grow about 15% a year between now and 2022, according to joint research by Small Business Labs, which tracks trends in small business and the gig economy, and GCUC, an industry group focused on co-working. Growth is coming from both the number of available co-working spaces as well as the number of people taking advantage of them.
Niche spaces such as Cornerstone Studios are becoming more popular as well, according to the two groups. Concepts such as shared biolabs, female-oriented spaces, writers' spaces and industry-specific spaces appeal to members with specialized interests or needs and attract people who likely wouldn't join a traditional co-working space.