THE ACCELERATION PROJECT
Become a Consultant Apply for Services DONATE
  • HOME
  • ABOUT
    • MISSION & HISTORY
    • MANAGEMENT TEAM
    • LEADERSHIP BOARDS
    • CONSULTANTS
    • 2025 SPRING FOR SMALL BUSINESS BENEFIT
    • CAREERS AT TAP
  • SMALL BUSINESSES
    • OUR CLIENTS
    • Small Business Owner of the Year
    • APPLY TO BE A CLIENT
  • PARTNERS
    • WHY PARTNER WITH TAP
    • PARTNER OF THE YEAR
  • NEWS & BLOG
    • SUBSCRIBE FOR UPDATES
    • MEDIA
    • TAP BLOG
  • 2024 YEAR IN REVIEW
  • SERVICIOS EN ESPAÑOL
    • CONVIÉRTETE EN CLIENTE

Meet a TAP client - HudCo

1/23/2019

0 Comments

 
PictureHudco Founders from left to right: Christy Knell, Katherine Bagby and Christina Cohen

HudCo was born to fill a need. While co-working spaces are a common site in cities, finding the right place in the suburbs is not as easy. More than just a shared workspace, HudCo is also a shared wellness space and a space committed to creating community in the river towns of Westchester County.

HudCo’s membership runs from accountants to herbalists, from florists to business strategists, from landscape architects to leadership coaches. What makes HudCo unique is not just the diversity of its membership, nor that it offers a range of business memberships to meet individual needs. HudCo has taken the co-working model further by offering a wellness membership, which provides space for those in the business of helping others live their healthiest lives. Yes, that means you can take your Pilates class at your co-working space.  In addition, HudCo offers a rich array of programming such as speakers on diverse topics, movement workshops, and author talks. In other words, there is a place for everyone at HudCo.

HudCo was founded in January 2016 by three  entrepreneurs who wanted a co-working space. Friends told friends and soon thereafter the seven invested founders leased more space. In time, the opportunity arose to lease even more space in the same light-filled building, with its exquisite views of the Hudson. The founders were in a quandary. As creative types (including an architect and designer), they understand space and environment.  They all liked the concept of more space but weren’t sure how they would finance it. As entrepreneurs, they had developed a business plan, but they weren’t completely comfortable with their financial projections. They also realized that as partners, their objectives (and contributions) had diverged.

Two HudCo founders met TAP at a speed-consulting workshop run by the Armonk Chamber of Commerce.  They were there for their own individual businesses but quickly determined that TAP might be able to help HudCo as well.  And we were --in two significant ways. The first big piece was financial, and TAP helped break it down into smaller pieces. We discussed capital needs, looked at structuring options, and identified third party lenders. We also created a forecast model for HudCo that would give them an easy way to play with their current and future growth assumptions.

The second major piece was the business relationships among the partners. The partners gave TAP the opportunity to meet with each partner individually to better understand what each really wanted. This allowed TAP to step into the role of an honest broker and show the partners where there were synergies in their thinking and where there were gaps. We facilitated a discussion on equitable strategies for ownership and reviewed how    partnership documents could accurately reflect each partner’s role and profit participation. We also provided an action plan to move the business forward on all fronts.

Now positioned for growth and the future, HudCo can focus on its mission “to integrate work, life, and being well. “

​
0 Comments



Leave a Reply.

    Picture
    DONATE

    About this blog

    This blog features some of our client engagements.

    RSS Feed

    Categories

    All
    AAPI
    Annual Benefit
    Beauty
    Black Business Owners
    Clients
    Consultants
    Consulting
    Fall For Small Business
    Food
    Hiring
    Hispanic Business Owners
    Ice Cream
    Intern
    Job
    Jobs
    LGBTQ+
    Meet TAP Clients
    Meet The TAP Team
    National Ice Cream Day
    Retail
    Skilled Trades
    Sports
    Transportation
    Video
    Women Business Owners
    Womens Small Business Month

    Archives

    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    May 2024
    March 2024
    January 2024
    December 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    April 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    May 2021
    April 2021
    March 2021
    February 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2019
    May 2019
    March 2019
    February 2019
    January 2019
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018

    Categories

    All
    AAPI
    Annual Benefit
    Beauty
    Black Business Owners
    Clients
    Consultants
    Consulting
    Fall For Small Business
    Food
    Hiring
    Hispanic Business Owners
    Ice Cream
    Intern
    Job
    Jobs
    LGBTQ+
    Meet TAP Clients
    Meet The TAP Team
    National Ice Cream Day
    Retail
    Skilled Trades
    Sports
    Transportation
    Video
    Women Business Owners
    Womens Small Business Month


    Become a Consultant

    Become a Client

PROUD MEMBERS OF

Picture
Picture
About Us | Donate | Terms of Use​ | Privacy Policy | Contact Us
© 2024 The Acceleration Project, Inc.  All Rights Reserved.
  • HOME
  • ABOUT
    • MISSION & HISTORY
    • MANAGEMENT TEAM
    • LEADERSHIP BOARDS
    • CONSULTANTS
    • 2025 SPRING FOR SMALL BUSINESS BENEFIT
    • CAREERS AT TAP
  • SMALL BUSINESSES
    • OUR CLIENTS
    • Small Business Owner of the Year
    • APPLY TO BE A CLIENT
  • PARTNERS
    • WHY PARTNER WITH TAP
    • PARTNER OF THE YEAR
  • NEWS & BLOG
    • SUBSCRIBE FOR UPDATES
    • MEDIA
    • TAP BLOG
  • 2024 YEAR IN REVIEW
  • SERVICIOS EN ESPAÑOL
    • CONVIÉRTETE EN CLIENTE