Financing for Your Startup

A brilliant idea can ignite your interest to run a business.  Nevertheless, a recent article, How to Pursue Funding for Your Company by Melinda Emerson  says that if you think that financing is the best option to start your business rather than bootstrapping it with your personal resources, then be careful.   Here’s why. It may put….
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A brilliant idea can ignite your interest to run a business.  Nevertheless, a recent article, How to Pursue Funding for Your Company by Melinda Emerson  says that if you think that financing is the best option to start your business rather than bootstrapping it with your personal resources, then be careful.  

Here’s why.

  1. It may put you in a difficult situation.

Your potential investors have the control and may present terms and conditions that may put you in a difficult situation, either by undervaluing your company or by charging you a higher cost of capital.

  1. It may oblige you to focus on funding instead of the customer.

Building a customer base entails focus and commitment, the same with obtaining funding. Therefore, you will lose your focus and commitment needed for building your clientele once you get busy to pursue funding.

  1. It may put your business at risk.

Generally the proposal to fund your business comes with terms and conditions.  There’s a lot at stake, so study and review them carefully and avoid making commitments hastily.

  1. It may cause to lose your control of your company.

When you opt financing, investors will appoint a Board of Directors and they may vote and agree to remove you as the CEO because as a young entrepreneur they don’t know how you will respond to success or difficulty. 

Conclusion

These are the disadvantages of funding your business through outside financing. However, when you start your business with your own personal resources, you get to learn valuable lessons about the market, about the customer, about the product and yourself. It’s a compelling reason to build your instincts and hone your talents. Moreover, you have the liberty to choose the best workspace solutions for your small business. YourOffice offers you a wide choice of office and workspace solutions: flexible office space, team office space and virtual office packages. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

We hope this article has been informative one and we’d love to hear your comments.  You can also see us on Twitter and Facebook!

Full Service Virtual Offices

A recent article, The 7 Virtual Leadership Competencies Every Manager Needs by Rick Lepsinger says that while most of competent leaders share the same qualities, those who handle virtual teams must be particularly strong in the following aspects to ensure they have the competencies to lead and collaborate remotely. 1. Collaboration Virtual leaders….
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A recent article, The 7 Virtual Leadership Competencies Every Manager Needs by Rick Lepsinger says that while most of competent leaders share the same qualities, those who handle virtual teams must be particularly strong in the following aspects to ensure they have the competencies to lead and collaborate remotely.

1. Collaboration

Virtual leaders in various places and in different Full Service Virtual Offices must understand the diversities of each team member’s culture and time zone to be able to build strong and efficient collaboration.

2. Communication

A virtual leader need to stay connected with team members to establish trust and loyalty and to conduct virtual meetings successfully using meeting space with appropriate technology.

3. Administration

Virtual leaders must hold team members accountable. It means they need to set reasonable deadlines, they need to keep track the work in progress and follow up with team members at key milestones.

  1. Innovation

Virtual leaders must be able to bring in new ideas to their team, help them overcome confusion and uncertainty about change and keep their team engaged and motivated to continue with those innovations.

  1. Resolving conflict

Distance creates misunderstanding between virtual leaders and their teams . Therefore, leaders must determine the cause of conflict and resolve it using an approach that is most appropriate for a given situation.

  1. Decision making

Virtual leaders need to work harder to catch up with the right stakeholders and collect the data needed for decision making. They need to conform to a strategic framework and consider every detail before deciding on a game plan.

Conclusion

Competent virtual leaders produce efficient and productive virtual teams which are the building blocks of any business with different locations across the city, country or world. These virtual leadership skills can be honed by proper training.  Likewise, if you need workplace solutions for your virtual team in Philadelphia, YourOffice Philadelphia offers you a wide choice of office and workspace solutions: virtual office space Philadelphia, meeting room access, and coworking office space Philadelphia. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

Any other important skills of a competent virtual leader?  Feel free to share your comments.  You can also see us on Facebook and Twitter.

Presentation

A recent article, 7 Things Successful People Do Before Every Presentation by Larry Alton  says that the success of your presentation, whether you’re standing before a hundred of important business leaders or just a few people you know depends on how you prepare for it in the days leading up to that moment…..
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A recent article, 7 Things Successful People Do Before Every Presentation by Larry Alton  says that the success of your presentation, whether you’re standing before a hundred of important business leaders or just a few people you know depends on how you prepare for it in the days leading up to that moment.

Here are helpful tips to make a remarkable presentation.

  1.  Know your audience

Your audience will determine the success of your presentation.  Consider the following questions to help you create an appropriate presentation.

  • How many people will be in your audience?
  • Will they be male or female?
  • How old are they?
  • What positions do they hold?
  • What is their interest in your work?
  1.  Research the venue

You can’t prepare a universal presentation that will be appropriate for all venues.  Consider the size and ambiance of the venue/meeting space, how long the presentation will last, what technology and equipment are available, etc.  Remember the functionality and ambiance of the venue has great impact on your presentation. Therefore, research the venue in advance and form a presentation around it.

  1. Create a presentation and not a speech

Make sure you’re making a presentation and not writing a speech.  Think about all the important points you want to present and make an outline and not a lengthy paragraph.  Your presentation may be in the form of prototype, interactive demonstration or a Powerpoint presentation.

  1. Practice until you feel comfortable to go live

During your practice sessions, make sure to touch all the elements of your presentation not just your speech.  Focus on your body language, your eye contact, your pacing, and your tone.  Remember, a remarkable presentation has a natural element to it, so don’t over rehearse.

Conclusion

Every presentation is your chance to make an impression, so these tips will help you create an impressive one.  If you are looking for conference rooms for rent for your upcoming presentation in Ballantyne, YourOffice Ballantyne has come alongside dozens of business looking for everything from office space Ballantyne to meeting space Ballantyne. We know your business is unique, and your office space shouldn’t be any different. Let us match the perfect space or service to fit your business needs.

We hope this article has been informative one and we’d love to hear your comments.  You can also see us on Twitter and Facebook!

Office Space

A recent article, Should Online Business Owners Pay For Office Space? by Choncé Maddox says that running your online business is amazing. It’s awesome to be able to avoid a hectic commute and work from the very comfort of your home. Nevertheless, you sometimes wonder if your productivity could be….
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A recent article, Should Online Business Owners Pay For Office Space? by Choncé Maddox says that running your online business is amazing. It’s awesome to be able to avoid a hectic commute and work from the very comfort of your home. Nevertheless, you sometimes wonder if your productivity could be greater.

If you struggle with your productivity while working from home, you can consider going to a coworking  office space.  But before shifting from your home office to coworking space, here are some factors you should consider.

  1. Coworking costs

Coworking is usually cheaper than renting out a private office, but you still need to pay for it. You certainly need to have a budget when you rent an office space and make sure to get a solid return on your investment. Unlike working from home, it’s free and you can even deduct some of your household expenses on your taxes.

  1. Coworking is not always accessible

You may have trouble finding an office space and even then, it may be quite expensive if you don’t live in a big city or town.  

  1. It’s Still Not a Perfect Scenario

Having an office space away from home will help you separate work from your personal life and help you get rid of distractions. Nevertheless, if you don’t work during regular business hours, you may still end up doing lots of work at home.

  1.  You might need to commute again

There are usually fewer distractions when you work in an office away from home, but you might need to commute again and deal with the daily hassle of traffic.   You could save time in that aspect by working from home.

Conclusion

These factors will help you decide whether to pay for an office space or not.  However, if you need workspace solutions in Denver, where you can rent office space by the hour, YourOffice Denver is a leader in providing the most prestigious fully serviced office space Denver and meeting space Denver for any size business. Convenient, hassle free, and move in ready- our offices, meeting rooms, and conference rooms are designed to meet your business’ every need.

Do you wish to work in an office outside of the home?  Let’s see your comments. We’d also be glad to see you on Twitter and Google Plus.

Employees

A recent article, Use these Tips to Avoid the Sting of Loneliness While Solopreneuring by Jack Lloyd  says that being a freelancer or a solopreneur offers autonomy and flexibility.  However, working all by yourself throughout the day can take a toll on your happiness and social life. Here are four ways to stay happy….
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A recent article, Use these Tips to Avoid the Sting of Loneliness While Solopreneuring by Jack Lloyd  says that being a freelancer or a solopreneur offers autonomy and flexibility.  However, working all by yourself throughout the day can take a toll on your happiness and social life.

Here are four ways to stay happy throughout the day and stay productive.

  1. Look for a shared office spaceadjacent to your place.

Rent office space by the hour at least once a week for a change of atmosphere and to meet new friends and other freelancers.  This way you can breathe a fresh air and also expand your network.

  1. Set up meetings over videoconferencing or face-to-face meetings.

Instead of always using emails to connect with your clients, from time to time you can arrange a video call to communicate with them or book a meeting room to meet them in person.  This way you alleviate the sting of loneliness being a solopreneur and at the same time build relationships with your clients.  

  1. Keep connected throughout the day.  

Keep up instant messaging (IM) or text conversation with family and friends throughout the day, but makes sure it will not jeopardize your work engagement in favor of socializing.

  1. Take a midday break.  

Take a break in the middle of your work to refresh and rejuvenate. For instance, you can go to a nearby coffee shop to meet a friend or a trip to a local supermarket to buy some stuff.  

Conclusion

These simple ways can help you fully enjoy the benefits of being a freelancer. As a freelancer, if you are looking for Virtual Office solutions in Orlando to help you build a highly professional presence, YourOffice Orlando offers you a wide choice of office and workspace solutions: virtual office space Orlando, meeting room access, and coworking office space Orlando. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

How do you keep yourself inspired and engaged while freelancing?  Feel free to share your comments. You can also see us on Twitter and Facebook.

Employees Happiness

A recent article, How Do You Help Your Employees Succeed in Business and Life by Miranda Marquit says that as a business owner your aim is focused on how to grow your business and you probably overlook to think about how to help your employees succeed in their careers.  Nevertheless,….
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A recent article, How Do You Help Your Employees Succeed in Business and Life by Miranda Marquit says that as a business owner your aim is focused on how to grow your business and you probably overlook to think about how to help your employees succeed in their careers.  Nevertheless, that’s an important thing you should consider. You might be amazed to find out that a focus on employees can go a long way toward helping your company’s bottom line.

Here are three ways to help your employees succeed in career and life.

  1. Offer Company Mentorship Program

Implement a company mentorship program in your business organization. You can do this during regular work hours so that employees understand that it’s vital. Encourage your managers to have one-on-one meetings in a meeting space with every team member once a month to talk about career goals and the steps they can take to achieve their goals and get better.

  1. Provide Learning Opportunities

You can support your employees in a team office space in whatever helps them to learn and grow. For instance, consider providing them a monthly allowance for courses or books that will help with their career development goals. They can avail courses on coding, or books on productivity. Your staff can then take what they learn and apply it to their work for your business.

  1. Provide Wellness Programs

Implement wellness programs to your company. For instance, offer meal planning services or provide refunds for gym memberships. Moreover, financial stress adversely affects productivity, so if you can help reduce that with a financial wellness program, it can lead to more engaged and inspired workers — and that helps improve your bottom line.

Conclusion

These are great ways to support your employees succeed and be happier and more productive. Likewise, providing them a well designed office space is a great way to help them feel valued and appreciated. YourOffice Philadelphia offers you a wide choice of office and workspace solutions: small office space Philadelphia, executive suites Philadelphia and meeting space Philadelphia. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

How do you support your employees succeed in career and life? Feel free to share your thoughts.  You can also see us on Twitter and Facebook.

Challenges

A recent article, Four Business Challenges All Entrepreneurs Face by Kara Perez says that running your own business involves a lot of challenges.  Nevertheless, you’re not alone–all business owners face the same problems and challenges as you are. Here are four common business challenges entrepreneurs face. Questioning one’s ability Questioning….
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A recent article, Four Business Challenges All Entrepreneurs Face by Kara Perez says that running your own business involves a lot of challenges.  Nevertheless, you’re not alone–all business owners face the same problems and challenges as you are.

Here are four common business challenges entrepreneurs face.

  1. Questioning one’s ability

Questioning one’s ability or self doubt is one of the most common challenges that entrepreneurs face. It’s very tempting to gauge and compare yourself against someone else, but when you always compare yourself to others you can get stuck in circles of self doubt. The best way to deal with self-doubt is to share your fears and ask for support when you need it. Self doubt is common, but it can be overcome.

  1. Marketing

Encouraging people to buy your product or service is more challenging than ever, that means there’s a lot of competition. To be able to compete with other brands, you can book a meeting room and discuss with your sales team marketing strategies/tactics to reach new consumers and keep old customers satisfied.  

  1. Consistent Output

Being consistent can be difficult, particularly in the early stage of your business. But you’re not alone. For instance, Daymond John, founder of FUBU struggled with being able to afford and sell product on a consistent basis in the early 1990’s due to cash flow problems, but now FUBU has earned more than six billion dollars in sales.

  1. Growth

Converting your idea into a recognizable brand that generates real money is pretty hard. Growth can be a challenge, but there’s always a way to move forward. For instance, James Dyson, founder of Dyson vacuums, made more than 5,000 prototypes before he created one that worked. Keep going and accelerate when everyone gets discouraged.  Remember, growth comes over time.

Conclusion

No business challenge is easy to get through, but there’s a community of people who have been where you are that can support and help you get through it. YourOffice is looking forward to help you with some other aspects of your business.  YourOffice features a network of world-class business addresses. Each location offers beautifully appointed day offices and team office space that are fully wired and ready for you to move in and start working.

How do you face these entrepreneurial challenges? Feel free to share your thoughts.  You can also visit us on Twitter and Facebook.

Small Business

A recent article, 4 Things You Can Do Right Now to Increase Productivity and Sales by Alice Williams says that with a little creativity and resourcefulness, you can run your small business efficiently and successfully. Below are three simple and cost-effective ways to increase your productivity. Create a positive workplace Your team’s happiness can….
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A recent article, 4 Things You Can Do Right Now to Increase Productivity and Sales by Alice Williams says that with a little creativity and resourcefulness, you can run your small business efficiently and successfully.

Below are three simple and cost-effective ways to increase your productivity.

  1. Create a positive workplace

Your team’s happiness can increase productivity. Focusing on what they will appreciate and value creates a positive workplace.  For instance, a simple gesture like a free lunch every Friday, having a monthly cocktail hour after a busy schedule or allowing your team to work remotely from a shared office space near them at least once a week can foster engagement and productivity.

  1. Get a Virtual Assistant

You have lots of work need to be done as a small business owner, but you don’t have sufficient funds right now to hire a full-time, in-house employee.  Therefore a virtual receptionist can help you with your mundane tasks like answering phone calls in your company name, mail/package handling and scheduling meetings so you can focus your time and energy on the core of your business.

  1. Utilize advanced technology

Maximizing the use of advanced technology will help your business thrive. There are myriads of tools and programs which many of them are free or very affordable to help you keep organized, automate tasks, collaborate, manage and track time spent on projects with your remote team in coworking spaces.

Conclusion

These are economical ways to boost your productivity and increase your bottom line. If you are looking for affordable workspace solutions to cater your business needs in Philadelphia, YourOffice Philadelphia offers you a wide choice of office and workspace solutions: small office space Philadelphia, executive suites Philadelphia and meeting space Philadelphia. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

How can you promote business productivity without spending too much?  Feel free to share your thoughts.  You can also see us on Facebook and Twitter.

Small Business Thrive

A recent article, Seven Spring Cleaning Tips for Small Businesses by David Kiger says that spring is the best season to review and refresh your business activities and processes for greater success. Here are six spring cleaning hacks for your small business in a commercial office space that will benefit….
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A recent article, Seven Spring Cleaning Tips for Small Businesses by David Kiger says that spring is the best season to review and refresh your business activities and processes for greater success.

Here are six spring cleaning hacks for your small business in a commercial office space that will benefit you for the rest of the year.

  1. Review the business plan.

Evaluate how the business has evolved and see what business processes/strategies are working and what aren’t.

  1. Look at the big picture. 

Step back from the business daily routines and consider how efforts are moving towards your business goals. You can book a meeting room and discuss with your team how you can improve business processes to thrive.

  1. Review cash flow. 

It’s easy to get lost in the weekly details of cash flow as a small business owner in an office space for rent, so look at the timing of revenue and expenses on a bigger scale to identify gaps and create a plan to cover them.

  1. Evaluate productivity tools. 

Evaluate the productivity tools you’re using and determine the right tools for your business.  You may find some tools that may not be appropriate for your needs and you can let go of them.

  1. Evaluate cyber security. 

Review your data protection policies that may need to be updated. Review your system backup and recovery plans to make sure that important business and customer data is accessible in case of an attack.

  1. Understand the customer’s experience. 

One of the best ways to improve the customer experience is to become a customer. In order to experience actual processes buy a product, search for information, or sign up for service the same way a customer would.

Conclusion

Spring is the best time to refresh and rebuild your business operations and processes for greater success.  So if you’re looking for workspace solutions in Denver to expand your business, YourOffice Denver offers you a wide choice of office and workspace solutions: flexible office space Denver, team office space Denver and virtual office packages. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

Any other tips to refresh your business operation in spring time? Feel free to share your thoughts.  You can also see us on Twitter and Google Plus.

Stress at Work

A recent article, 5 Ways You’re Showing Hidden Signs of Stress by Rose Leadem says that we get so bogged down in work that we let ourselves to become too busy to the point of stress and burnout. Thus, it’s crucial to check our stress level to avoid getting to….
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A recent article, 5 Ways You’re Showing Hidden Signs of Stress by Rose Leadem says that we get so bogged down in work that we let ourselves to become too busy to the point of stress and burnout. Thus, it’s crucial to check our stress level to avoid getting to that point.

Here are five ways your body is trying to tell that you are getting to the point of stress and burnout.

1. Overeating and craving for junk foods.

According to a research, stressed out employees most likely bring their stress at home and manifest it at the dinner table, not only overeating but also craving for junk foods too. The researchers found out that eating is an activity that helps people control and alleviate negative emotions, thus people feel more control through eating than they might at work.

2. Eyelid twitching or “involuntary eyelid spasms”

Eye twitches can be caused by an allergy, an irritation of the eyelid, crying, caffeine, anxiety, stress, according to Dr. Philip Rizzuto, an ophthalmologist and spokesman for the American Academy of Ophthalmology.   

3. Dehydration and constant thirst

When a person is under a lot of stress, their adrenal glands pump out stress hormones according Dr. Robert Kominiarek. Adrenal glands, which are responsible for controlling the hormone “aldosterone” that regulates the body’s fluids and electrolytes, can eventually become exhausted and begin to cause fatigue on the body, which make the body thirsty and dehydrated.

4. Coughing and sneezing more than usual

According to scientists, when a person is stressed body releases the hormone “histamine,” which is the primary hormone that causes allergies. Nevertheless, stress does not directly cause allergies, but aggravates the symptoms.  

Conclusion

These are ways that our body is telling us that we need to take a break and relax. Having a well designed office space helps alleviate stress at work. YourOffice Philadelphia offers you a wide choice of office and workspace solutions: small office space Philadelphia, executive suites Philadelphia and meeting space Philadelphia. You’ll have access to a complete array of office support and concierge services as well as state-of-the-art business technology.

What are the other symptoms of stress and how to manage them? Feel free to share your thoughts.  You can also visit us on Twitter and Facebook.