Member Highlight: Urban Cool ICT Homes

MEMBER HIGHLIGHT: URBAN COOL ICT HOMES – TEST

Steven Myers is the creator and owner of Urban Cool ICT. With the help of Erika, his agent and Emily, his assistant, Steven has been able to grow his company into a top tier real estate staple in the Wichita community. Steven started his own business with the hopes of being able to gain freedom and flexibility to create a better experience for home buyers and sellers. He chose to start his company in Wichita because this is home. Steven was raised here and enjoys helping the community from start to finish. Steven’s goal when he started Urban Cool ICT was to help clients have a stress-free buying experience when purchasing their dream home. Steven and his team love their office here at Strategic Workspace. They say Strategic makes life simpler for them to solely focus on the business without the stress of day to day office interferences.

SW Member Highlight: Gary Wilbert Roofing

SW Member Highlight: Gary Wilbert Roofing

At Strategic Workspace, we like to shed a light on our members and what they do for the public. This week, we wanted to share Gary Wilbert’s story and showcase how Gary and his company have helped out the community of Wichita.

To start off, we asked Gary what the name of his company was and how he first got the idea for his roofing business, “The name of the company is Access Wilbert Enterprises Inc., aka Gary Wilbert Roofing. I’ve been in the building and construction business for 40 years and I realized what happens in Wichita after a hailstorm. After it hails, insurance will come out and pay for the roofing so it’s quite the lucrative business to be in. So in 2009, I decided to dedicate my focus to residential and commercial re-roofing that is primarily after a hailstorm.”

We then decided to ask Gary what his original goal was for his company and why he chose Wichita as the city to start his company, Gary said, “I started my company in the late 70’s to be a remodeling contractor, which I did but I ended up decided to go down a different path, so I chose roofing.” Gary then proceeded to tell us about how he was born and raised in Wichita, “I’ve grown up here my whole life, my wife is from here, and three out of the four of my kids all live here, so it’s all I know. I have had thoughts about relocating somewhere else, but at the end of the day Wichita is home.

One of Strategic Workspace’s main goals is to give back to the businesses of Wichita so we wanted to know how Gary and his company give back to the citizens of Wichita, “Individuals that are elderly who call me usually have no one else to call and have repairs that no other company wants to go do, but we always do them and sometimes we do it for no charge. When they call, you can tell they are in a state of semi-panic so I go out there and help because I feel like it is my duty to take care of them.”

Lastly, we wanted to know how renting an office space at Strategic Workspace has helped Gary grow his company, Gary replied “It’s the open concept, like the kitchen area, where people/business’s can all hangout and I am able to get acquainted with them and network. A lot of shared office spaces lack communication, but it’s not like that here. I feel like it’s a small community because of how open the spaces/building is.”

If you would like more information on Gary and his business, check out his website.  Lastly, if you would like to find out more about Strategic Workspace, click HERE to learn about us or schedule a FREE tour now!

SBA is trying to give away Money

SBA is trying to give away Money

In light of the Coronavirus crisis, the SBA is doing what it takes to keep businesses going. Including a $10,000 advance you get in days that will be forgiven.

Below is an email that I received directly from Sarah Haymaker from the SBA that will help clarify some of the programs they are offering……

The loans through the Paycheck Protection Program (PPP) will be forgivable IF they are used for eligible purposes. That will include payroll expenses, mortgage interest/rent, and utilities for the business. We believe that because of the demand for these loans, 75% of the funds will need to be used for payroll related expenses in order for the debt to be forgiven. The way the bank (these will be provided by local banks, not directly from SBA) will calculate the loan amount will be based on your last 12 months average payroll expenses. Then you will be provided 2.5x the amount of you average monthly payroll and in order for the debt to be forgiven, you will have to keep all employees on the payroll for 8 weeks.

Here is how it reads at this point:

Eligible uses: Employee salaries, paid sick or medical leave, insurance premiums, and mortgage, rent, and utility payments.

Forgiveness: The amount spent by the borrower during an 8-week period after the origination date of the loan on: payroll costs, interest payment on any mortgage incurred prior to February 15, 2020, payment of rent on any lease in force prior to February 15, 2020, and payment on any utility for which service began before February 15, 2020. Employee and compensation levels must be maintained and payroll cost capped at $100,000 on an annualized basis for each employee.

Any advance amount received under the Emergency Economic Injury Grant Program will be subtracted from the amount forgiven.

As you know, the Economic Injury Disaster Loans (EIDL) are available directly from SBA. These can be used for any legitimate working capital needs, but you cannot use these funds for the same purposes you would use the PPP funds if you get one of those loans. So you would have to make sure you don’t use the EIDL funds for payroll, utilities, etc. because you must use the PPP funds for those expenses until you run out of them or the 8 weeks is up to make sure you can get that debt forgiven. The EIDL funds are to provide 6 months or your working capital needs, PPP provides 2.5x your monthly payroll to ensure you can keep staff on the payroll and off unemployment for 8 continuous weeks.

Also as a part of the application for the EIDL funds, you can request an advance of up to $10,000 that will be processed in just a few days. If you are approved for the advance, these funds will also be forgiven, regardless of whether you are approved for the full loan or if you decide not to take the loan. If you DO get an EIDL advance AND a PPP loan, the EIDL advance amount will reduce the amount of the PPP loan that can be forgiven.

Example: You get a EIDL advance for $10,000. Your PPP loan is approved in the amount of $75,000. The maximum amount of the PPP loan that can be forgiven if the funds are used for qualified expenses will now be $65,000 because the $10,000 will be forgiven, leaving you with a loan balance of $10,000.

CLICK HERE TO APPLY AND GET THE $10K ADVANCE

Here are some details about the two products:

EIDL interest rate = 3.75%
PPP interest rate = 0.5%
EIDL term = 30 years, no matter the amount to minimize payments and enable businesses to pay off early with no penalties when they recover
PPP term = 2 years for any balance that is not forgivable
EIDL payments = automatically deferred for 12 months, interest begins accruing at the time of disbursement
PPP payments = deferred for 6 months, could be deferred an additional 6 months with lender agreement
EIDL fees = none
PPP fees = lender may charge an application fee, max. amount will be set by SBA

One of our partners put together a draft side-by-side comparison of the different products. While this is not official, I find it helpful at this point and you can find it here https://docs.google.com/spreadsheets/d/12xv4xcsg_9xoVeEE_Y1j2sicNbCvl2GAVinSowU2zgg/htmlview#

We will be talking more about this on a call Friday April 3rd.

Click here to register or listen to the replay after April 3rd

Tony Javier
Founder/Strategic Workspace

New Years Goal

New Years Goal

The New Year is approaching and everyone is setting New Year’s Resolutions. Do you know that 80-90% of people give up on their resolutions in the first couple of months?

Why is that? Why can’t we keep these resolutions we know we desperately need (otherwise we wouldn’t have made them)?

First of all, let’s not call it a resolution. Let’s call it a goal or set of goals. That sounds sexier, doesn’t it?

Here are my top 3 Simple Tips to make sure you hit your goals this year…

Time Blocking

Just like time management teaches us, if you don’t time block it, then it probably won’t happen. Use a time block system to work on your goals. For instance, I plan my week (one of my goals) and time block it on Sunday before all the madness begins Monday morning.


Write it Down and Look at it Often

If it is out of sight, then it is probably out of mind.  Write down your goals and put them where you will see them every day. You can put them on your mirror or nightstand, or keep them in your pocket. I remember creating 5 big goals for myself and expecting it would take me at least a year to achieve them. I put them on my car dashboard where I could see them every day. Do you know what happened? I hit all of the goals in 6 months – and even hit some within 3!


Get Accountable

You can do this by getting an accountability partner you meet up with weekly or monthly. At the very least, tell a lot of people about your goals. You will eventually get tired of telling people that you did not meet your goal when you see them. When they ask you about your progress, it will help get you back in the saddle. Telling people about your goals will also help imprint them in your mind.

Use these simple tips to reach your goals in the New Year!

The Upward Trend of Coworking

The Upward Trend of Coworking

For decades, if you wanted to be part of the corporate world, there were mandated obligations that aligned with having that “normal” job. Today, with the high demand for work/life balance, and the innovations technology has produced, coworking is quickly becoming the norm. The evidence of the benefits of this modern work environment is reflected in recent statistical reports. 

For example, Go Globe reported in mid-2019 that the number of coworkers worldwide is expected to reach 3.8 million by 2020, and 5.1 million by 2022. They say that of those who are already coworking, over 75% of them plan to continue in lieu of traditional working. Why? Because they also say that the majority of people who cowork reported being happier and less lonely since joining a coworking space. Office Vibe reports that 70% of coworkers report feeling healthier at work, and that 64% of entrepreneurs who use coworking space report being more focused. 90% say they’re more confident, and 60% are more relaxed at home since joining a coworking space. Business.com reports that 74% of coworkers are more productive, and that those who cowork generally have better social network interactions. An article at 580exec.com speaks to the savings that can be realized by coworking, increasing the profit margin for business owners and entrepreneurs.

There are so many benefits reported by those who cowork: 

  • An increase in productivity
  • A sharper focus
  • More creativity
  • Saving money
  • A sense of community
  • More self-confidence
  • More social interaction
  • More happy, less lonely
  • Feeling healthier

It’s no wonder the upward trend of coworking is steadily growing! Check out our site amenities, or reach out to us today to find out what type of coworking membership would work best for you.