Rent – Studio Space for Creative Entrepreneurs

About me:

My name is Michael Bole a business developer with a proven track record.

Over the past 20 years, I started off selling my own t-shirts, then moved on to throwing parties, starting with basement parties moving my way up to bars and eventually Richmond Street before I was out of high school. I've had the opportunity to do the grunt work for fortune 100 and 500 companies and establish startups, helping either in sales, advertising, client, or tech support.

I've been fortunate enough to pitch several multi-million dollar concepts (that I helped developed from the ground up) to investors. In the past 2 years, I've been part of several teams, helped with their ideas, team dynamics, and the projects they work on with various degrees of success.

I got to learn what works and what doesn't work in business, and I understand that no successful idea can happen without some friction and used my expertise to design SMARTER.

Right now: I've been researching SMARTER collaboration for the past 8 years, building and developing where I've worked with over 200 artists through The Annex Art Party currently in its 4th iteration and am in the process of starting an incubator group for creative entrepreneurs called Creative Unicorns of Toronto.

Rent incubator space: I have two spaces available for rent for creative entrepreneurs who can complement each other. Each is about 5 by 6 feet in size. The location for this incubator is located at Bloor & Ossington less than 5 minutes walking from Ossington station

What is CreativeUTO? Creative Unicorns of Toronto is (420 friendly) profit share-based incubator space for creative entrepreneurs who can work on their own projects, as well as in-house or 3rd party projects.

Why it's important? We waste a lot of our lives looking for comfortable spaces where we can be ourselves,  and work on our passions without having to sacrifice ourselves for people who may judge us negatively! We are passionate about our projects but often find out that it's 95% working on mundane business stuff with people who are looking to pervert it for profit and about 25% actually working on the things we're passionate about before we even factor in our lives and the obstacles it brings. This incubator/co-working space is designed to eliminate that by adding entrepreneurs that complement each other's skills and cut the mundane stuff, including the cost to find and pay people in half enriching the end result of what you're building.

Paying rent: SMARTER collaboration - Simplified Methods Achieving Results Through Exact Rythm is a collaboration system that allows for us to work on projects together. I don't profit from renting the space ($350 per month) but a part of the rent (about $100 per month) is put aside to cover amenities including cleaning and maintenance, Wi-Fi, food, office supplies, art supplies, tech equipment, the software to operate them, and whatever else we decide will enrich the community.

What is profit share? In order to keep collaboration free flowing where we're not concerned about getting paid or our time all projects within the incubator will be broken into 3 payment structures. The creator will always get the largest cut, collaborators will get equal or second highest cut and the house CreativeUTO will get a cut to cover day to day operation

Day to Day operations:

  • Part of SMARTER collaboration will be to go through a 4 phase process for our projects which are jumpstarted through a business canvass model.
  • The incubator space will be open to the public from 1 pm to 7 pm to maintain order for the organizations involved. (hourly rentals are between these times)
  • 7 am till 1 pm are focus hours where anyone who comes in focusses on works.
  • Afterward, there will be breaks every 2 hours to maintain productivity.
  • It's a 420 friendly co-working space, but it's not a party, so music will be contained to our ear-phones (also a sign that we're busy and to not disturb)

Rent (AKA buy-in)

  • Must make a 6-month commitment and pay last month's deposit
    to move into both spaces $600 ($500 for rent $100 to cover operations costs).
  • a single section is $350 per month ($250 to cover rent $100 to cover operation costs)
  • or $30 per hour (minimum 4 hours).

Spaces available May 1st send email through the contact form to set up viewing times. Cat won't be included 🙁


 

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