now browsing by tag
Setting up a business has always been associated with the rental of office space. As soon as you embark on the adventure of searching for an office space you will realize the perils of it. Renting an office space is an expensive ordeal. Not only is it an expense, it is also an ongoing one, where every month you’re shelling out money for something that may not be as useful to you as you think.
You may wonder why the rent for office spaces differs from area to area. There are various elements that influence the rent for an office space. First and foremost is location. The more upmarket an area is, the more likely will it be that the rent is higher. Fancy areas may seem like a cool place to rent an office, but once the money starts coming out of your pocket it won’t seem so cool anymore.
The size of your office also influences the rent. Large offices are often unnecessarily expensive, but when you need to accommodate a lot you may feel like you have no choice. Some spaces come fully furnished with air-conditioning and the lot. Many offer parking spaces a requirement in this cramped up day and age. But with each and every amenity, the price goes up further and further until the rent is eating into your resources so much that it is an unrequired liability.
If you and your staff are sitting at an office all day, you’re going to need it to be in a convenient area. One where restaurants are nearby, where traffic is not too much, one which is not too far from other industries. All these things need to be taken into consideration when renting an office space, and these are the reasons that the rent for an office space differs from area to area.
But gone are the days where an office must exist in a physical space. Today most transactions and interactions take place through a virtual medium. Some of the greatest entrepreneurs today are working on the move. You’ve got your laptop, you’ve got your phone and you’ve got the internet. All business is taking place through these instruments of technology. Then what’s the point of wasting your important resources on an office space. More importantly, an office space restricts you. It makes you work from one place, and often waste your time traveling from one place to another for meetings and the sort. Why tie yourself down when there are other options available.
The latest, most cutting edge option available is that of a Virtual Office Space. This is an affordable, more efficient alternative in the age of technology. A Virtual Office Space offers you all the benefits of a physical office and more. It allows you to work from wherever you are, without the burden of office rent. With added facilities of virtual receptionists and virtual phone calls, it makes sure you’re always on the top of your game. In today’s age of technology, a virtual office is becoming the ideal solution to all your office related problems.
Owning an office space is one of the most expensive aspects of business. The high cost of rental/purchase of land aside, maintenance is another nuisance in itself. While a virtual office space has now become a convenient new idea, the question arises how close to real office can a virtual office space be” Will I be able to manage all the things that I could do at a real office” Will it ‘feel’ as professional?
You might think about all the things that a real office has to offer-what about a receptionist? Well, now you can get a virtual receptionist. But will it be the same? Fact of the matter is- a Virtual Receptionist does everything a real receptionist does and more.
So how does it work? It’s quite simple actually. You are given a personal toll free number which forwards calls to you. This one number connects your voice, fax, and conference calls for easy access. How do you get started? You can either use a default prompt of personalize your greeting and recorded name. Every time you get a voicemail or a fax, you can rest assured that you will be instantly notified.
There is no room for tardiness in any business and you can expect nothing but the best from your Virtual Receptionist. In fact, just to add that extra bit of perfection, your voicemails and faxes also get forwarded to your email account so that you can keep track of every single detail. Make sure you don’t miss out on any important information, and that your virtual office is working for you in every way it can.
For those people who choose to leave you a voicemail, you can call them back with the simple push of a button. In case there is a call that you don’t want to take, you always have call screening to help you filter you calls.
Meetings are an essential part of every business. In today’s world of technology, it is becoming more and more important to accommodate people and companies from around the world into your meeting format, taking into consideration different time zones and what not. Your Virtual Receptionist lets you make conference calls with up to 25 people so that no important client ever has to be left out of the loop.
While choosing a plan for your Virtual Receptionist, make sure you find the one that is most suited to you. Look for the number of Live Minutes and Automated Minutes that is closest to your needs, and make sure the entire packet fits in your budget.
The aim of a Virtual Receptionist is to make your virtual office as efficient and professional as possible. Don’t hesitate to ask question about the plan you have chosen and the services that are offered so that you can have the best virtual receptionist there possibly can be. Look into the details, customize as you go and once you’re set up you won’t have to worry about it ever again.
Renting office space is always a large and worrisome step in the business world. The most successful entrepreneurs have always started out small and then climbed their way up. As any of these fantastic businessmen will tell you, office space has always been an expensive investment that doesnt necessarily give you the right returns, and as time goes by it is getting more and more expensive. Earlier there was no other option but to keep shelling out the dough for it. Today, however, things have changed.
Technology is growing at a never-before rate and you now have the opportunity to get a virtual office space for your upcoming business. The first and most beneficial reason to choose this option is due to its low risk factor. Physical office spaces come with a lot of baggage including lease and rent paperwork, legal tie ups, overheads for electricity, water and what not. More so, with a physical office space you are forced to operate from one place at all times, even if the place is not convenient.
It is only when you start looking into the details of a virtual office space that you will find its many advantages. These days it is proving to be the superior option for most businesses. How else do you get the freedom of running your business from absolutely anywhere in the world” You can board your flight to India knowing full well that your virtual receptionist will handle all your calls while your away giving your clients the information they need, when they need it. You will never have to worry about missing a call, far or email when all of it is delivered to the convenience of your inbox.
The risks in business are unending and you can never be sure as to which one will pay off. Virtual Office Spaces are a low risk investment with benefits that can boost any business on the rise. It is time to change with technology and free yourself from the burdens of physical offices, since you now have a better option.
Do you have a dream of home based business where you could enjoy working for yourself and setting your own hours” A virtual office space can help bring your goal one step closer. It will help you project a professional image of your business to gain an edge over your competitors. Virtual office services can help your home based business rise to the top of your market even if you do most of your work from the comfort of your home office. It is great to enjoy the convenience and economy of working from home but, as your business grows, you will feel the need for an office located in an upmarket business area. However, at early stages, you may not afford the cost of an executive suite or a full serviced office. A virtual office Service is an excellent option that can save you over 60% of the cost of a traditional office service.
A Virtual office is a service provided by many full serviced or executive suite providers. They offer various packages to avail the services that you need to promote your business. A quality virtual office service offers following facilities for the home based business owner:
- A prestigious business address
- Reception area with a professional receptionist.
- Well equipped conference room to hold business meetings.
- Phone answering and mail receiving services.
- Kitchen and beverage services.
- Administrative and internet services.
If you need to host meetings or presentations at a more professional place outside your home and want to offer a more personal option than a hotel, a virtual office service is the best solution for your home based business.
Finding suitable office space for a small business in a prominent business district can be challenging. It may also be a huge drain on your company’s budget. In addition to paying for office space, small businesses also need to budget for furniture, supplies and other essential services, such as cleaning, telephone and internet services. In many cases, these expenses are unaffordable for small companies. Instead of going for a long-term lease for office space, using a serviced office could be the right solution for small businesses. It is completely flexible, cost effective and highly professional.
A virtual office is a unique service that can help uplift your small business. It offers customized services to optimize your time and minimize your costs. You can then focus on achieving your main goals while the mundane business related tasks are taken care of. A good virtual office will offer all basic amenities required to smoothly run a small business house.
A virtual office space provides you with an attractive place to meet clients, a corporate mailing address in an upscale area and a professional and courteous answering service. Virtual office offers small businesses savings on rent and maintenance of a brick and mortar office space. As your business grows, a virtual office will give you the option to outsource everything, including people and partners who could be located anywhere. Latest cost saving technologies and services make a virtual office ideal for a small business.
A virtual office space is perfect solution for a small business. It allows setup and operation of a remote office in a prominent business market, without physically being there.
Every small business is different. A large scale study was conducted by the Guardian Life Small Business Research Institute in which over 1100 different companies with 9-29 employees participated. The study revealed that there were six key traits that defined the personality of the successful business owners.
Think you’ve got what it takes:
- Collaborative : The Guardian study found that knowing how to collaborate was the single most important trait for someone running a business with less than 100 employees.
- Curious: Most outstanding managers in this study were constantly searching on internet to find way how to improve their business, retain their employees and upgrade their products.
- Future Focused: Taking keen interest on what’s coming up is a crucial trait for a successful small business owner.
- Self-Fulfilled: Successful small business owners are the kind of people who prefer being in full control of their own destiny. They value the freedom to make their own choices.
- Tech-Savy: Most of great small business owners in this study were convinced that technology helped make their business more efficient.
- Action Oriented: The top performers in this study were highly motivated. Adversity motivated them to work harder irrespective of the state of the economy.
Read Ben Popper’s article to know more about these key traits of successful small business owners. Visit: http://www.entrepreneur.com/article/217837
During the earliest stages of starting a business, you should avoid writing lengthy plans. Instead of following lengthy traditional business plan, opt for a realistic, practical tool: a one-paragraph startup plan. It is possible to write everything there is to know about your brilliant business idea in one paragraph. A traditional business planning teaches ‘brainstorm-write-brainstorm-write-revise-revise-execute’; the goal of one-paragraph plan is to have you ‘brainstorm-write-execute-revise-execute’. There are fundamental differences between these two approaches. The traditional route would have you finalize your entire strategy based on a hypothesis without testing or validation. The one-paragraph startup plan is designed to test your hypothesis through daily experimentation. It also serves as a fluid action strategy that grows along with your startup.
Scott Gerber suggests using following five steps to write a practical business plan to launch a new company quickly.
- Answer key questions about your business.
- Write checklist
- Execute your plan
- Revise your draft plan, and
- Continue to update your plan
Break each sentence in your start-up plan into five immediately executable steps — statements you can convert into reality. Each step should move your business forward in some way.
To know more about writing effective one-paragraph business start-up plan, read the article; visit: http://www.entrepreneur.com/article/217696
Raising Capital to grow your business or invest in property has become harder. The key to raising capital is a person’s ability to sell. Selling is a crucial skill for any entrepreneur. The main question you come across while planning to raise capital is ‘What are you selling’ or ‘What is the lender or investor looking for’.
According to Kim Kiyosaki, the key to raising money, whether it’s to start or expand your business mainly depends on four factors:
- The Project
- The Partners
- The Financing
- The Management
If you can show a prospective lender or investor that you have command over these four key factors, then selling will not be an issue, and you will attract more money than you thought possible.
It’s important to know the overall “want” of a lender or investor. Every investor is mainly interested to know whether he/she is going to get healthy return on his/her investment. That’s the overall want of an investor. The same criterion applies to every lender or investor whether it is a traditional bank or a lending institution or an individual.
To know how to address these key points clearly and confidently, read Kim Kiyosaki’s article, visit: http://www.entrepreneur.com/article/217347
Testing and measuring the results of your advertising and marketing efforts can increase your profit and enable you to identify what works and what doesn’t. Brad Sugars suggests useful steps to help you make the most of your advertising efforts:
Follow the TOC formula: Target, Offer and Copy are the three elements that build the foundation of a strong advertisement. If you know your target market, your advertisement should be placed where your potential customers will see it. First thing you need to do is figure out your target market to determine the viability of your business. If there is no market, your business is not viable. Include a specific offer when writing your headline. You can search online to find out how online marketers do it. Your headline should prompt your potential customers to call you. Start with test adverts which could be in the form of classified, small space or online advertisements via Google. Such a test is an easy and inexpensive way to evaluate whether your product or service is offered to the target customers.
If you are targeting the right market with a decent offer and a clear call to action, you should generate some response. Examine what you can do to boost the response, modify your adverts and retest it. If your adverts don’t generate any response, just scrap them and move on. Once you find something that works you can expand. If it is a small classified advert, try a bigger display advertisement.
To know more about how to make ads more effective, read the article: Visit:http://www.entrepreneur.com/article/217794
Each one of us has skills, knowledge and experience and anyone can turn these assets into a lively and profitable business. Anyone with these assets can start a service business. Other people are willing to pay for these specific skills in the form of a service. Anyone with a need or desire to earn extra money can sell a service, regardless of age, education or experience.
The biggest advantage of starting your own service business is you become your own boss and take full control of your future. Self-employment gives you freedom and independence which is difficult to achieve when you work for someone else. You get an opportunity to earn much more money than what you earn when working for others. You can hire employees to increase revenues. You have liberty to open new branches of your business and offer services to new customers. You can’t do these things when you work for others and if you do, it is more likely to benefit your boss than working in your favor.
You can cover-up the areas where you lack some business skills like time management, accounting or effective advertisement. You can learn and master these skills by practice and experience. Any skill that you possess can be your best marketable asset. Do you know how to safely walk a dog? Are you capable of planning and throwing a party? Can you sell products and services on line? People are willing to pay you for these skills.
To have more knowledge about starting a service business, read James Stephenson’s article: Visit:http://www.entrepreneur.com/startingabusiness/businessideas/article80686.html