Get Familiar With Thynk Global: A Co-working Space Founded by 2 Women Of Color, Catering To Minority
Enter Thynk Global – a co-working space founded by 2 women of color, structured to help minorities in Miami’s burgeoning Little River district.
Original article from GirlTalkHQ > GirlTalkHQ
Thynk Global founders Maghan Morin and Jeanine Suah
The traditional office space has changed drastically over the past few years, with the rise of work-from-home jobs as well as solo-preneurs and entrepreneurs disrupting business models of yesterday. With this change has come an increase in co-working spaces that are geared to the entrepreneur and individuals as well as small companies. There are also a number of female-driven spaces looking to cater to women entrepreneurs, creating environments that are moving away from the corporate world which has been dominated by hierarchies and structures rife with dynamics now being exposed by the #MeToo movement.
And with the knowledge that more communities of color and minorities are starting businesses than ever before, especially black women across the United States, we really love the spaces that are looking to empower this important demographic. Enter Thynk Global – a co-working space founded by 2 women of color, structured to help minorities in Miami’s burgeoning Little River district.
Thynk Global, which launched around the same time COVID-19 hit in the US, invites minority women and their allies, both male and female entrepreneurs of all ethnicities, to network, get organized, collaborate and grow their business, all for a fraction of the cost of most co-working spaces. In addition to empowering young entrepreneurs, founders Maghan Morin and Jeanine Suah hope to combat gentrification in the neighborhoods in which they open their co-working spaces. They aim to help these communities by creating high-quality hubs that promote socio-economic inclusion. By offering monthly memberships as low as $87, they provide affordable options to young entrepreneurs and up-and-coming professionals.
Thynk Global founders Maghan Morin and Jeanine Suah
With Thynk Global, Morin and Suah set out to create a welcoming space where makers, creators and innovators can “thynk” beyond limits and produce their best work. The 3,000-square-foot warehouse, featuring sleek modern furniture and pops of color throughout, sparks creativity immediately upon entering. The space has been designed with their members’ (who are aptly named “thynkers”) needs in mind, packed with amenities including an in-house kitchen, concierge service, a meeting room, mail delivery service, an outdoor garden and more. Thynk Global is the first co-working space in Miami to feature a Pop-Up Retail Shop to showcase thynkers’ products and brands, which the public is invited to shop from. At Thynk Global, thynkers get more than just a space; they inherit new professional connections and friends who challenge them to do better and be better. Thynk Global also hosts free, year round workshops led by experts, including classes on financial literacy, business marketing, branding and more. We spoke to the founding duo about their new business and how they hope to make a difference in minority entrepreneur community.
Q: How did the idea for Thynk Global come about and what inspired you to create this co-working space?
Thynk Global was born out of the sheer desire to make a positive impact on our community, both locally and globally, through entrepreneurship and collaboration. After working in coworking spaces and launching our first concept in 2017, we saw that the people who needed these spaces the most, often could not afford to work from them. As a result, we created a more socially inclusive concept with all the same high-quality features, at a fraction of the cost.
Q: Your business is geared toward minority women and their allies. Why was this focus important to you both?
It just ended up working out that way! The funny thing is, when we started our concept in 2017, 95% of our demographic were white women. I think it’s important to establish that as two black female founders, we have and will always be advocates for women of color. Representation matters. Whatever we can do to uplift and empower the Culture, we will; because when one of us wins, we all win.
Q: Why is combating gentrification important to you, and how does it affect the women and minorities that you work with?
Ownership is one of the most powerful things you can achieve in life. Owning your land, your home, your business, your car—what have you. Ownership dictates decisions, and decisions lead to action. So, for us to see the erasure of the character/culture of black and brown communities simply because there’s a shift in ownership, is disappointing. However, the upside is that it presents itself with an opportunity to rewrite the narrative; very much like what Thynk Global did.
Luckily, many of our members have not felt the effects of gentrification because they either have a 9-5, work from home, or are e-commerce/pop-up vendors.
Q: We’re currently seeing an increase in female-lead co-working spaces designed to encourage professionals and entrepreneurs. How does Thynk Global stand apart from others?
Our Prices: Where our competitors charge anywhere from $150 to $350 per month, we charge $87 per month.
Our Mission & Network: Unlike our competitors, Thynk Global has fostered an internal and external network that allows members to get connected to our personal contacts and community partners to help take their business to the next level
Our Founders 😊 There are some pretty badass founders out there but Maghan and I have an unfair advantage in coworking and community-building. Not only are we innate community-drivers and are experts in the industry; but we are emotionally tied to the success of each person who walks through our door which means we fight 10x harder.
Q: What are some of the workshops on offer and community events that you have hosted so far?
Unfortunately, due to COVID-19, we haven’t been able to launch too many in-person workshops; however, given the requirements for social distancing, we have started to shift to several digital platforms.
Over the last couple of weeks, we’ve been blessed to interview some amazing founders and boss chicks. Next week, we’re launching a series of webinars on funding, how to start your side hustle, getting organized, and goal setting—just to name a few!
Q: Why should more businesses and communities think about socio-economic inclusion in their initiatives?
Diversity of thought is how you get shit done! Having a more inclusive perspectives reaps an endless amount of professional and social benefits.
By being more socioeconomically inclusive, you can stimulate local economies, create opportunity for underrepresented groups, enhance the talent pool of local workforces, and just be a contributor of good to society. Every person, regardless of their socioeconomic status deserves a chance to be who they were destined to become. By considering these issues, we create local and global impact.
Q: You launched around the same time the country began dealing with the COVID-19 pandemic. How have you been adapting your business to help entrepreneurs during this time?
Like most, we’re going digital. We’re putting more content online for people to consume and are also practicing social distancing by hosting online workshops/happy hours. We’ve been very intentional about refocusing the attention on the positives of COVID, rather than the negatives. Your mental state is your bread and butter, so it’s important to feed yourself things that will encourage you to be better and do better.
COVID has also given us an opportunity to take our pop-up retail space online. We joined forces with some of female-owned retailers and are creating a space to support and patronize businesses affected by the pandemic. Lastly, after the storm passes, we made the decision as a company to offer businesses displaced by COVID-19 two free months of rent to help them get back on their feet.
What is your vision for Thynk Global ten years from now?
A global empire with affordable spaces in cities around the world. After the US concepts take off, our next stops are Brasil and London. We also plan to expand our global network into the digital space and create an investment fund that will financially support minority founders.