3rd Place/Community Space

We’ve learned in the past few years that many entrepreneurs are using the terms, “3rd place” or “community space” to describe their working environment. Examples of third places are environments such as churches, cafes, clubs, public libraries, or parks.

We find this an intriguing way to look at things, because in the past, most entrepreneurs started or grew their businesses at home (1st place) or rented space nearby (2nd space). It’s fascinating to hear that today’s entrepreneurs see community as a vital piece of their business.

It’s clear that entrepreneurship education and programs are touching the lives of aspiring entrepreneurs. They understand that when you serve the community, when you are fulfilling a demand or a need, you also need to engage the community in the process. You need to make sure they are engaged with you.

We’ve found, working with entrepreneurs globally, that most have done that. Maybe they didn’t use that terminology, but most worked from the community and for the community, to embrace the community.

Many have also established themselves as leaders in their local community, opening doors for community members to join them or contribute to their cause or attend their events.

BEFORE YOU GO

We see our blogs as opportunities for dialogue. Please share your thoughts as comments.

  • What terminology are you using today that you didn’t use in the past?

  • What are you doing to keep up with the trends in business terminology?

  • What other advice can you share?

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Faris Alami is Founder and CEO of International Strategic Management, Inc. (ISM). He works internationally, presenting Exploring Entrepreneurship Workshops and other entrepreneurial ecosystem — related ventures.

Faris Alami