Category Archives: Philly

Business Operations

A recent article, 6 Ways to Improve Business Operations by Mike Kappel says that improving your business operations regularly is essential to help your business run more smoothly and efficiently.   Here are ways to improve your business operations. See if your business processes are up-to-date.  Staying up-to-date with developments relevant….
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A recent article, 6 Ways to Improve Business Operations by Mike Kappel says that improving your business operations regularly is essential to help your business run more smoothly and efficiently.  

Here are ways to improve your business operations.

  1. See if your business processes are up-to-date.  Staying up-to-date with developments relevant to your business helps you find best practices. Of course, some processes will stay unchanged because they make your business unique; nevertheless letting go of obsolete practices will open the door for business process improvement. Book a meeting room and discuss with your team new tools, methods, and techniques that will help improve productivity.

  2. Resolve small issues more quickly.  These minor problems can escalate if not deal accordingly.  Brainstorm solutions for these problems, and implement the ones you believe will work best. Seek advice from experts and colleagues in your industry to know how they handle similar problems.

  3. Set measurable goals. Identify your goals and create actionable steps to accomplish goals and gauge how well you implement the plan.  Use a standard system to evaluate how your business is doing. Use historical data in making smart decisions for your business operations.  

  4. Involve your employees. Ask your staff in team office space where improvements can be made. Ensure your team knows their opinions matter and you are open to suggestions. Getting your employees involved fosters loyalty and trust.

  5. Take a step back to review your business plan and processes.  Reflect on the success of your operating efforts; determine which processes work and which need modification or revision. Continue to try new practices to propel your business forward.

Conclusion

There is always room for improvement, whether you run a startup or an established business.  These tips will help you stay afloat and thrive in the business world. Looking for workplace solutions for your team in Philadelphia for more convenience?  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.

Any other tips to improve your business operations?  Feel free to share your thoughts.  We’d also be glad to see you on Twitter and Facebook.

Start a Business

A recent article, Mistakes to Avoid When Starting a Family Business by Valerie Rind says that if you are considering starting a family business, be careful.  It might affect both your professional success and personal relationships. Here are tips to help you succeed both in your business and personal relationships. 1. Seek advice from….
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A recent article, Mistakes to Avoid When Starting a Family Business by Valerie Rind says that if you are considering starting a family business, be careful.  It might affect both your professional success and personal relationships.

Here are tips to help you succeed both in your business and personal relationships.

1. Seek advice from an accountant or a lawyer.

Before you launch your family business in a commercial office space, seek advice from an accountant or a lawyer to determine the best structure for your business whether LLC, corporation or other business entity.   Legal entity that’s separate from you and other family members involved in the business will protect you from losing your personal assets.

2. Create separate business accounts.

Once you’ve decided and chose the best structure for your family business, you need to set up business banking accounts that are separate from employees’ personal accounts. You can hire a freelance accountant from a virtual office space to help you with recording and tracking your revenues and expenditures for tax purposes.

3. Set clear roles and responsibilities.

It’s very significant to ensure that all of your business processes are covered and there is no overlapping of roles, so each individual should have specific assigned duties and tasks to ensure that everyone is committed to their responsibilities.

4. Formulate an exit plan.

A family member might decide to leave the business eventually, hence a written exit plan helps prevent future arguments and establishes a solid plan for succession.  You can book a meeting room to conduct a sit-down meeting with the involved family members and get a lawyer to help you formulate this plan.

Conclusion

Considering these tips will help you launch a successful family business while protecting your wonderful personal relationships. Looking for workspace solutions to help you start your family business 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.

Are you ready to launch your family business?  We’d love to hear your thoughts. Please visit us also on Twitter and Facebook.

Starting Your Business

A recent article, 5 Mindset Changes You Must Make When Going From Employee to Entrepreneur by Sujan Patel says that many people desire to quit their jobs and start their own business. Nevertheless, being an entrepreneur is distinct from being an employee, and the way you see it may be completely….
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A recent article, 5 Mindset Changes You Must Make When Going From Employee to Entrepreneur by Sujan Patel says that many people desire to quit their jobs and start their own business. Nevertheless, being an entrepreneur is distinct from being an employee, and the way you see it may be completely wrong.

Here are important things to consider before quitting your job and starting your own business in a commercial office space.

1. You must have a clear vision for your company.

What is your vision? What’s your plan?  You should be able to see the big picture as well as the necessary steps to attain your goals. You can’t allow challenges and difficulties get in the way of your dream.

2. You need to open your mind to new possibilities.

You’re no longer bound by corporate life once you quit your job in a team office space. That means you need to train your mind to think outside the box. You need to be creative and distinctive to be a successful entrepreneur.

3. Your success is now completely dependent on the work that you do.

You can no longer depend on a salary or benefits. You need to stay positive, organized and focused; you need to be comfortable with hard work and long hours. If your business isn’t successful, you won’t make any money.

4. You need to wear many different hats.

As an entrepreneur, every job is your job now— you can’t say “That’s not my job.” You need to constantly learn new skills and work hard to ensure everything in your business runs smoothly.   That may mean doing tasks you aren’t used to doing aside from leading your company.

Conclusion

Aside from having a plan in place and getting your finances in order, the things discussed above will help you decide to launch your own business.  Looking for an office space 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.

Any other things to consider when shifting from a regular job to entrepreneurship? Feel free to share your comments.  You can also see us on Twitter and Facebook.

Budgeting Hacks

A recent article, 4 BUDGETING TIPS FOR SMALL BUSINESS OWNERS by Renzo Costarella says that a well managed capital is essential to stay afloat in your business. There will be adequate capital to scale your business if you’re able to budget it appropriately. Here are some simple budgeting hacks that….
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A recent article, 4 BUDGETING TIPS FOR SMALL BUSINESS OWNERS by Renzo Costarella says that a well managed capital is essential to stay afloat in your business. There will be adequate capital to scale your business if you’re able to budget it appropriately.

Here are some simple budgeting hacks that you can use to manage your fund.

1. Save funds for unforeseen costs.

It’s projected that approximately 50% of all businesses will fail in the first five years mainly because of capital deficiency. Therefore, you need to do your research to get yourself ready for these unforeseen costs. Ensure you’re well aware of legal/regulatory costs, tax/compliance costs, insurance, competition, employee turnover, and more.

2. Set aside an emergency fund.

Small business owners most likely want to put extra cash back into their business to scale. This is okay, but you need to create a backup plan and emergency fund to help your small business in an individual office space survive in times of crisis and setbacks.

3. Pay your debts on time.

Small business loans are a common financing means to get started in the business. If you’ve taken on debt as a small business owner, it’s always ideal to pay it off as promptly as possible. However, if you don’t really have the extra cash to pay it off, pay your monthly amortization on time so it will not incur additional charges.

4. Allocate for your Own Salary

Often, small business owners in different day offices  are so engrossed in budgeting for their business that they overlook to pay themselves.  Salaries and wages of employees are a big budget item for every business and you should always ensure that your own salary is taken care of.

Conclusion

Well managed fund is very crucial to your business success and these simple tips will help you plan and maintain your budget. As a small business owner in Philadelphia, you may be looking for workspace solutions within your budget, 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.

Any other tips to help you manage your funds?  Feel free to share your thoughts and comments below.  You can also reach us on Twitter and Facebook.

Millennial Employees

A recent article, 6 Ways Millennials Have Impacted Corporate Office Space by Lanre Onibalusi says that Millennials are penetrating the corporate world vastly. These young, dynamic employees have   an entrepreneurial mindset, technological competence, and the utmost concern for the greater good. To attract the best and brightest of this coveted demographic….
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A recent article, 6 Ways Millennials Have Impacted Corporate Office Space by Lanre Onibalusi says that Millennials are penetrating the corporate world vastly. These young, dynamic employees have   an entrepreneurial mindset, technological competence, and the utmost concern for the greater good.

To attract the best and brightest of this coveted demographic to your workplace, here are some tips to make your team office space Philadelphia as attractive to this younger generation as possible.

  1. Well designed workspace.

Carefully designing office space  that provides spaces for collaboration and spaces for focused individual work is a big plus to win millennial talents.

  1. Accessible office location.

If your business is located in a prime city, ensure you’re near to a public transportation because many rely on it for getting around.  Furthermore, some millennials just take a walk, ride in a bike, and they may even ride a skateboard to get to work , so a district that is  friendly to non-drivers, as well as places on site to lock up bikes and other non-motorized vehicles are a big factor to attract millennial employees.

  1. Eco-friendly workplace.

Plug and Play Offices in LEED certified buildings, furniture and fixtures that are made from environmentally conscious materials and an intensive drive to recycle and even compost can all go a long way in magnetizing millennial employees.

  1. Offer telecommuting.

More often, millennials would prefer to work from home. Consider a telecommuting policy, allow employees to work from home once or twice a week and set days where everyone is required to be in the office.

Conclusion

Employees are the backbone of your business, attracting and hiring the most talented and motivated millennial workers is a sure win.  Looking for better workspace solutions for your business in Philadelphia?  Thus, YourOffice Philadelphia is looking forward to help you win the interest of these millennial talents. YourOffice has come alongside hundreds of business looking for everything from staffed flexible offices Philadelphia to agile office space Philadelphia. 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.

Any other ways to attract millennial talents?  Feel free to share your comments below.  You can also visit us on Twitter and Facebook.

Lead Your Team

A recent article, How to Motivate Your Team When You’re Demotivated by Paul Keijzer says that as a leader, there are times you feel tired and the heavy weight of responsibility burn you out. Nevertheless, you need to get over it so you can continue to inspire and lead your….
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A recent article, How to Motivate Your Team When You’re Demotivated by Paul Keijzer says that as a leader, there are times you feel tired and the heavy weight of responsibility burn you out. Nevertheless, you need to get over it so you can continue to inspire and lead your team.

Here are ways you can motivate yourself and your team as well.

1. Reminisce past wins

List down all past undertakings you’ve had in your career with your present organization. Talk to your team who helped you in some of these accomplishments, (perhaps you can book a meeting room) and recollect with them. You’ll realize that talking about past triumphs with people who shared it with you is a great way to refuel your motivation.

2. Take it outside

Spending several hours everyday with your team in the same office space just seeing each other at work and talking only about work may create and escalate tension. So before it happens, take a break from work. Go on a team building activity that permits you to change the atmosphere, talk about anything under the sun and renew bonds. A renewed connection with your team will not only motivate you again, but it’ll also strengthen your leadership.

3. Go on a vacation

Going on vacation is a great way to refresh your energy and get much needed rest and relaxation–to renew your enthusiasm for work and be motivated again. While you’re on a vacation, advise your team to do a better job than they usually do. In this manner, you show your trust and belief in their abilities by giving them ownership of situations and challenges while you’re away. Essentially, you’re taking a break from work not only to return motivated yourself, but also to a highly motivated team.

Conclusion

Remember you need to stay motivated in order to boost your team motivation.  Your workplace design is indeed an important factor to stay motivated. YourOffice has come alongside hundreds of business looking for everything from staffed flexible offices to agile office space. 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.

How do you stay motivated?  Let’s see your thoughts below.  You can also see us on Facebook and Twitter.

Working Remotely

A recent article, 5 Remote Work Myths Debunked by Hannah Wright says that remote work is on the rise, thus we can actually choose where we want to reside without taking a toll on our jobs and careers. Here are some truths to guide you accordingly if you want the flexibility and autonomy of….
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A recent article, 5 Remote Work Myths Debunked by Hannah Wright says that remote work is on the rise, thus we can actually choose where we want to reside without taking a toll on our jobs and careers.

Here are some truths to guide you accordingly if you want the flexibility and autonomy of remote work.

  1. Remote work requires commitment.

Legit remote positions entail real work and dedication. Just like any other job in an office space, you’ll be held responsible and you will have a leader to check your work on a regular basis to ensure that you complete and submit your assignment in a timely manner.  

  1. Applying for remote work is diverse from regular office work.

You need to build your personal brand, engage in social media and discuss industry news, create a portfolio, and learn how to write interesting contents/articles that will draw the attention of hiring managers. You need to be flexible because you might need to go through a paid trial period before you finally get hired.

  1. You don’t need to work the same hours with the rest of the team.

Even though your coworkers may have different geographical locations and time zones, it’s not necessary that you always have to work the same hours with them except for a brief overlap for team meetings. 

  1. Remote work is not really isolated and boring.

Certainly, you will miss a lot of interaction with your coworkers when you work remotely.  But many companies utilize different communication tools, so you can still connect and chat with your teammates in real time. Also, if you get bored, you can work at a coffee shop, rent office space by the hour or you can work in shared office space to meet other remote workers and be refreshed. 

Conclusion

Finding a good remote position is not that easy, but these truths will guide you to realize your dream to work remotely. YourOffice Philadelphia offers you a wide choice of office and workspace solutions: virtual office space Philadelphia, meeting room access, and coworking office space. 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 a helpful one.  We’d be glad to see your comments below. You can also visit us on Facebook and Google Plus.

Leader

A recent article, Every Leader Should Have These Attributes by Natalie Eisele says that in the past, companies often implement a commanding (military style) leadership, but today, leaders should adopt a hands-on, engaged approach to maximize productivity and engagement.   Here are three attributes of every leader to make better employees….
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A recent article, Every Leader Should Have These Attributes by Natalie Eisele says that in the past, companies often implement a commanding (military style) leadership, but today, leaders should adopt a hands-on, engaged approach to maximize productivity and engagement.  

Here are three attributes of every leader to make better employees and better companies.

1. A leader must be genuine.

A genuine person is truthful, does not overstate or lie, and strives to keep employees informed whenever possible. Authentic leaders plainly say what is needed and required, and give honest feedback about what is useful and what is not.

2. A leader must be a good communicator.

Communicating with your employees is a basic quality for a leader to possess.  Inviting employees to lunch from time to time or conducting regular meeting in a meeting space to listen to feedback and ideas conveys that leadership is interested and valued the employee perspective. Feeling valued and appreciated improves your employee’s engagement and well-being.

3. A leader must be receptive.

A leader who listens is one step ahead. Spending time to listen and consider is a win-win. Being an open-minded leader allows for positive changes in your company and makes employees feel both recognized and valued.

Conclusion

These leadership traits pave the way to both employees and their leaders to work together and find motivation and inspiration in the workplace. Further, a good and well designed workspace helps promote agility and efficiency. YourOffice has come alongside hundreds of business looking for everything from staffed flexible offices to agile office space. 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.

Any other leadership traits to make better employees and successful companies?  Let’s see your thoughts and comments below.  We’d also be glad to see you on Twitter and Facebook.

Own Business

A recent article, 7 Tips To Start Your Own Business by Vitor Silva says that starting a business is basically risky and you must trust your instincts and evaluate whether the conditions for a new venture are favorable. Here are four steps to start your own business. 1. Create a plan….
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A recent article, 7 Tips To Start Your Own Business by Vitor Silva says that starting a business is basically risky and you must trust your instincts and evaluate whether the conditions for a new venture are favorable.

Here are four steps to start your own business.

1. Create a plan

Although you rely on your instincts, it doesn’t mean you should quit your job and start your business in a commercial office space immediately.  You need to know the field you are entering, the job market, your employees and your consumers. You need to create a detailed plan on the expenses that your new business will incur (e.g. supplies, office space rental, salaries and wages), the revenue you will receive, and the return on investment. And you need to keep a growth plan so that your business does not get stagnant at one point.

2. Study your market

Do a comprehensive study about your market and don’t get dismayed if it seems too competitive. A stiff competition means that many people are doing very well in this field. You can use this to your advantage and can be successful, too.

3. Produce viable products or services

Build up a relationship with your audience and learn and understand their needs. Then create something (based on your great idea) that offers solutions to their needs.

4. Have a goal

It is always essential to have a main goal to attain. Think about what your most significant goal is and plan to take small steps everyday day to get there.

Conclusion

Some people waste so much time thinking about how to make things perfect before starting their business. Nevertheless, the most important aspect in business is having passion for the project–it should always leave you excited and inspired. If you have a great, viable business idea  and ready to take a plunge into the business venture, 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.

Do you have plan to start your own business?  Feel free to share your thoughts and comments below. We’d also be glad to see you on Facebook and Twitter.

Mentor

A recent article, 5 Reasons Everyone Should Have a Mentor by Paul Keijzer says that sure you’re smart, creative and innovative to run your own business, but to really expand your business into a sustainable one –you’ll need guidance from someone who fully understands just how to do that—a mentor. Here….
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A recent article, 5 Reasons Everyone Should Have a Mentor by Paul Keijzer says that sure you’re smart, creative and innovative to run your own business, but to really expand your business into a sustainable one –you’ll need guidance from someone who fully understands just how to do that—a mentor.

Here are four reasons why you need a mentor.

  1. Great knowledge and experience

Veteran mentors have vast experience and knowledge to help you learn and understand business matters and definitely cut back your learning curve.  More importantly, they’ll help you avoid making the same blunders they may have made.

  1. Access to a large network

As a young entrepreneur in a commercial office space, you may have a limited network that confines your ability to expand your horizon and reach. Mentors can connect or introduce you to other established and successful business leaders who can help expand your growth.

  1. Insight and Perspective

Mentors can provide you meaningful insight and perspective based on the abundance of their experience and deep understanding of the business realm for your greater success.

  1. Help You Improve and Grow

As a leader who’s always aiming for improvement, you’ll need a mentor who can keep a check on you and guide you towards success through constant self-improvement. They can help you align your ideas and iron out the rough edges.

Conclusion

While you may be your own boss, mentors can provide important lessons and insight that can positively impact your business journey. Likewise, Office Space Brokers can help you find the perfect office for your thriving business.  If you’re looking for workspace solutions in Philly, 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.

We hope we shed a little light on the importance of having a mentor.  We’d love to see your thoughts and comments below.  Feel free to see us also on Google Plus and Twitter.