Business
Subscribe on MillennialMasters.Net and watch the full episode video.William Stokes is an entrepreneur who shifted from engineering in the oil and gas industry to revolutionising regional co-working spaces with Co-Space. Starting his journey by converting commercial buildings into residential units, William saw an opportunity to create design-led workspaces outside of London — with three live locations and 20 in the pipeline. As co-founder of Co-Space, he’s reshaping how and where we work by focusing on community, exceptional design, and regional growth.Some takeaways from William’s interview:1️⃣ Find a business partner who complements your skillsTeam up with someone whose strengths balance out your weaknesses. William says that a solid partnership with complementary skills is the secret sauce to tackling challenges and smashing business goals together.2️⃣ Embrace calculated risks and manage them carefullyDon’t shy away from taking risks, but make sure they’re smart ones. William said it’s important to size up potential pitfalls and having a game plan — especially in the property world.3️⃣ Sacrifice now to level up laterBe prepared to give up some short-term comforts for long-term gains. William believes that putting in the graft today sets you up for bigger wins tomorrow.4️⃣ Enjoy the journey and celebrate the winsDon’t get so caught up in the hustle that you forget to have fun. William reminds us to appreciate the process, celebrate your milestones, and enjoy the ride along the way.5️⃣ Build genuine relationships without expecting returnsInvest in your network by helping others out — just because you can. William believes that authentic connections often lead to unexpected opportunities down the line.In this episode we cover:00:00 William Stokes Introduction03:43 From Engineering to Property: A Journey of Discovery05:46 WeWork: From Inspiration to Proof of Concept07:57 Differentiating Co-Space: Design and Service09:58 Location Strategy: Choosing the Right Markets12:00 The Heart of Co-Space: Stevenage13:08 Future Growth: Scaling Co-Space15:04 Timing, Luck, and Hustle: The Recipe for Success16:49 Building Connections: The Art of Networking18:29 Finding the Right Business Partner21:52 Hiring for Success: The First Employees23:53 The Value of Self-Education25:38 Stepping Back: Focusing on the Big Picture27:46 Encouraging Initiative: Empowering the Team29:45 Maintaining Focus: Routines and Habits31:54 Balancing Work and Personal Life33:27 Maximizing Productivity Through Time Management34:51 Transforming ADHD into an Entrepreneurial Superpower36:58 Leading with Empathy and Flexibility39:26 Calculating Risks in Entrepreneurship41:59 Navigating the Future of Remote Work45:00 Debunking Get-Rich-Quick Schemes in Property Investment47:54 Essential Tips for Aspiring Entrepreneurs50:44 Influential Books and Their Impact52:58 Finding Inspiration in Life and Business54:53 The Sacrifices of Entrepreneurship56:35 Advice for New Entrepreneurs58:45 Exploring Global Perspectives and Opportunities01:01:51 The UK's Business Climate and Future Challenges Get full access to Millennial Masters at millennialmasters.net/subscribe