Tag Archives: agile office space Philadelphia

5 Possible Reasons Why Business Fails

Starting a business always entails risks, and unfortunately not every business will thrive. A recent article, How to Rebuild After Your Business Fails by Mike Kappel says that according to research, roughly 30% of new businesses fail during the first two years of launching. Here’s why. Lack of research on….
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Starting a business always entails risks, and unfortunately not every business will thrive. A recent article, How to Rebuild After Your Business Fails by Mike Kappel says that according to research, roughly 30% of new businesses fail during the first two years of launching. Here’s why.

  1. Lack of research on market trends/demands.

Businesses fail because of lack of market demand for their product/service. It’s critical to carefully investigate and thoroughly research the market you are trying to enter when you launch your business.   Think outside the box by researching unsaturated markets and develop something new that will attract customers rather than trying to go into a crowded market.

  1. No concrete business plan.

One common mistake entrepreneurs make while launching their ventures in a commercial office space is not having a solid business plan. Starting a business isn’t just about your passion, but you should have a realistic and attainable business plan. It must be clear and concise and must contain sections of your mission statement, market analysis, details about your product or service, and business goals. It should also include possible problems and solutions for issues you may encounter.

  1. Insufficient Fund.

Many businesses launch with insufficient capital, so it might mean that your business can’t pay bills or loans on time. Plan your finances when you start your business, consider expenses such as office space rentals, insurance, supplies, salary and wages, etc.  to help raise enough capital and to keep you financially stable as you grow your business.

  1. Poor location and lack of internet presence.

Your location lends trust and prestige to your business reputation.  You must focus on your internet presence just as much as your physical business location. Create an inviting website that’s easy to navigate for potential customers. Your strong internet presence about your business’s product/service is necessary for customers researching and shopping online.

  1. Ignoring customer feedback.

Businesses that lose touch with their customers by ignoring customer feedback are most likely to fail.  Watch and observe customer trends and find out what people like about your product or service. Listen to customers feedback whether positive or negative and respond to them courteously and accordingly.

Conclusion

These are the most common causes why a business doesn’t prosper. So if your first venture failed, take time to recover and give yourself a financial and mental break to relax before you dive into another venture. When you’re ready to take another venture in Lake Mary, YourOffice Lake Mary features a network of world-class business addresses. Each location offers both beautifully appointed short term offices Lake Mary and permanent individual office space Lake Mary. Our offices are move-in ready and equipped with top furnishings and technology that are guaranteed to leave a lasting impression.

What are the lessons you learned from your first venture?  Let’s see your comments below.  You can also visit us on Facebook.

5 Meeting Blunders You can Easily Fix

A recent article, 8 Meeting Mistakes You Can Easily Avoid by Howie Jones believes that meetings can be a major asset to companies when done appropriately. Effective meeting is where goals are aligned, conflicts and issues are resolved, better decisions are made and team members are being heard and valued…..
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A recent article, 8 Meeting Mistakes You Can Easily Avoid by Howie Jones believes that meetings can be a major asset to companies when done appropriately. Effective meeting is where goals are aligned, conflicts and issues are resolved, better decisions are made and team members are being heard and valued.

Here are 5 meeting blunders you can easily fix  to ensure successful meetings.

  1. No clear purpose of agenda.

It’s a red flag that the meeting in a meeting space is futile and pointless if there‘s no clear purpose of the agenda.  So make sure that you have a clear and concise agenda and try to stick to relevant points with clear calls to action. Remember, the flow of the entire meeting depends on your agenda.

  1. Attendees are not participating.

A meeting is ahuge waste of time and money when attendees are disengaged. So for meetings to be successful, you have to ensure that every participant is actively participating.  Encourage everyone to share their points and opinions and don’t let talkative individuals control the discussion.

  1. Go over the allotted time.

Time is gold, so make sure that you value everyone’s time by strictly following the allotted time.  For instance, if the meeting is supposed to start at 3 pm and end at 4 pm, then it should exactly start and end at specified time—no exceptions. If a discussion is going, hold onto that thought or idea and save for the next meeting. Have a timer or ask your assistant to give you a five-minute warning to make sure that you don’t exceed the allotted time.

  1. No designated facilitator.

The meeting can easily run off track if there is no in charge of it — participants start discussing matters that aren’t relevant instead of sticking to the agenda. To ensure that discussions remain positive and focused, and that follow-up tasks are assigned, designate a facilitator to lead and direct the meeting (rotate the leader for every meeting to keep everyone engaged and provide some variety).

  1. Fail to find the perfect meeting space.

When booking a meeting room, make sure to know what technology you will need, how many people will participate and how long the meeting is to last, otherwise  wrong meeting room can even ruin an important meeting.  Don’t undervalue the importance of functionality and ambiance.

Conclusion

Failure to rectify these meeting blunders will result in fruitless meetings that are obviously a serious waste of time and money. YourOfficeBallantyne 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 Twitterand Facebook!

4 Startup Goals to Set Your Business Up to Success

A recent article, Goals of a Startup Entrepreneur That Will Set the Business Up For Future Success by Tommy Wyher says that entrepreneurs are visionary and have a proactive approach to set the business up for long term success. Here are 4 goals startup entrepreneurs need to focus on in….
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A recent article, Goals of a Startup Entrepreneur That Will Set the Business Up For Future Success by Tommy Wyher says that entrepreneurs are visionary and have a proactive approach to set the business up for long term success.

Here are 4 goals startup entrepreneurs need to focus on in order to succeed  in the years to come.

  1. Keep Overhead Expenses to a Minimum.

In the early years of your startup, it is crucial to keep overhead expenses to a minimum to thrive without compromising the quality of work. For instance, lease a flexible office space that provides the right set-up for your startup today and offers multiple options to support future growth. Review your monthly expenses so you can set realizable sales target. Expenses like salary and wages, office space/meeting rooms rental, software and insurance should be included in your budget as you might find costs that aren’t necessary or can be reduced.

  1. Implement Outsourcing and Automation.

Evaluate your current processes to determine what needs improvement under high order volume. It’s crucial to create scalable processes to get the large volume of deliverable done in a timely manner.  The freelance community in coworking spaces for freelancers can be a massive help with this as having various freelancers that can finish rush work is invaluable. Automation is also vital to minimize errors and to maximize employee productivity.

  1. Create an Internship to Hire Program.

One major challenge that many startups encounter is nailing down a hiring process that consistently picks applicants that are brilliant. An internship program can be a great tool to determine how a person works and whether they are a company culture fit or not. With this internship program, it can be much easier to attract top talent as many college students will compete to land a job immediately after graduation.

  1. Keep your Company Income Stable.

Setting a reasonable sales target and keeping client retention high are both essential for your sales team to start positive.  Gaining a few new clients every month can make a big difference by the end of the year. Offering long term discounts to clients to sign longer contracts during the early years of a startup is a smart move to stabilize your company income.

Conclusion

These goals are what you need to achieve during the infancy of your business. If you need workplace solutions in Denver to keep your overhead costs without compromising your productivity and efficiency, YourOffice Orlando offers you a wide choice of office and workspace solutions: Orlando flexible office space, Orlando team office space and Orlando 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.

What other goals you need to achieve to set your company up for success? Feel free to share your comments. You can also see us on Twitter and Facebook.

3 Tips to Work with a Client You Can’t Get Along Well

A recent article, How to Work With a Client You Don’t Like by Ceren Cubukcu says that when we are working, we deal with different kinds of people–some of them are easy to work with and some are not. Obviously, it would be much better if all clients are easy to….
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A recent article, How to Work With a Client You Don’t Like by Ceren Cubukcu says that when we are working, we deal with different kinds of people–some of them are easy to work with and some are not. Obviously, it would be much better if all clients are easy to deal with and in a friendly way. But, unfortunately, this isn’t always the case and sometimes we need to deal with people whom we cannot get along with well. That’s a reality!

When you have a client that may give you a hard time, the following tips can help you work with him/her much easier.

  1. Don’t take it personally, but be Professional.

Keep in mind that you are a professional and your client has nothing to do with your personal life. Detach your feelings and emotions from your work and treat this person objectively. During meetings in a meeting space or work, don’t crack a joke or ask something about his/her personal life, just talk about the project/assignment, tell what you need to get the task done and that’s all.

  1. Put everything in black and white.

Ensure to write down everything in detail forms to avoid any problems with your client in the future. Create a project plan with milestones and deadlines, and discuss with him/her how the work will flow and how you prefer to receive feedback about your job. It would be much easier both for you and your client to work throughout the project if you mutually set the expectations in advance.

  1. Assign some of the tasks to your team.

If you have a chance, build yourself a great team and assign some of the tasks to your colleagues. You don’t have to do the job alone, allow other people to share your responsibility. For instance, allow your teammates to attend some of the client meetings in various meeting rooms for rent, don’t feel obligated to attend all of them. Step away from this particular assignment from time to time, don’t get caught up in it.

Conclusion

These three tips will allow you to work efficiently and effectively even if clients may give you a real hard time. Another way to help you work much easier, even in this kind of situation is to have a well designed office space. Thus, YourOffice South Park has come alongside hundreds of business looking for everything from staffed flexible offices South Park to agile office space South Park. 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 manage to work with a client you don’t like? Feel free to share your thoughts. You can also visit us on Twitter and Facebook.

3 Ways to Handle Negative Feedback on Social Media

A recent article, What to do with Negative Social Media Feedback by Kara Perez says that social media is a great tool for your clients and customers to communicate with you. However, the risk that comes with social media is that you can’t control what people say as well as….
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A recent article, What to do with Negative Social Media Feedback by Kara Perez says that social media is a great tool for your clients and customers to communicate with you. However, the risk that comes with social media is that you can’t control what people say as well as who can see their feedback.  But what happens when their feedback is negative?  How will you face such criticism? Will you delete or block negative users?

Here’s what to do with negative social media feedback.

  1. Listen to them.

First of all, you can’t run from negative feedback, you have to face the issue.  Deleting or blocking negative feedback will only aggravate the situation. Instead, try to know what people are mad about:  Are they not satisfied with your products/services, or they feel you misled them about your experience?  Take time to listen to what they are saying and see how you can resolve it. Feedback even it is negative can be a great tool for improvement, but you have to listen first.

  1. Respond carefully and calmly.

One of the biggest blunders you can do is to respond when you feel heated yourself. So, read and digest the comments first, pause for a moment to formulate your response and when you’re composed and can stand behind what you’ve written, click the “send” button. Saying something in the heat of the moment is bad business, particularly on the internet– even if you delete your comment later, screenshots can easily be taken. So be careful!

  1. Be Ready to Apologize or Defend yourself.

Be ready to admit your mistake if you said or did something that was really offensive. Step outside of your experience, recognize that you hurt people, and apologize. However, if the negative social media feedback is totally unreasonable, you can defend yourself! But remember that you don’t want to rile them further.

Conclusion

We can’t control negative social media feedback, but handling it gracefully can help your business run smoothly and your customers happy. So if you are looking for office space in Ballantyne to help your employees work efficiently and thus make your customers satisfied, YourOffice has come alongside hundreds of business looking for everything from Ballantyne staffed flexible offices to Ballantyne 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 gracefully handle negative social media feedback? We’d love to see your comments.  You can also see us on Twitter and Facebook.

4 Popular Business Trends That Will Continue to Boom in 2019

A recent article, Top Business Trends That Will Keep Rising In 2019 by Ceren Cubukcu says that some business trends cannot be easily spotted by leaders, but there are also trends that are obvious and need to be adapted in order to compete with other businesses.   Here are four….
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A recent article, Top Business Trends That Will Keep Rising In 2019 by Ceren Cubukcu says that some business trends cannot be easily spotted by leaders, but there are also trends that are obvious and need to be adapted in order to compete with other businesses.  

Here are four popular business trends that will continue to boom in 2019.

  1. Personalization

In the past, companies were making mass production and they were making the product popular with mass marketing so everyone was buying it. However, with the emergence of social media and big data, people wanted to feel unique and special, thus mass production and mass marketing have started to adapt the personalization concept. So if you want to stay competitive, you need to adapt to this trend otherwise your business in a commercial office space will eventually die.

  1. Remote Staff

Working remotely becomes the new norm with the increase of Millennials in the workforce. So, as a business owner, if you want to hire and retain the best employees in your company, you should allow them to work remotely at least two days a week. This will offer them the flexibility they need that will make them more creative since they are getting out of their everyday routines by working somewhere else aside from your office space.

  1. Crowdfunding

Crowdfunding isn’t just a popular means to raise capital, but will continue to rise also for validating new product ideas. Customers’ feedback is a great way to validate a new product, thus wise companies use crowdfunding platforms to engage with customers and learn from them early on. Using these platforms, you can engage with your customers and as an outcome, you can reduce your risk, save money and speed up new product’s time to market.

  1. Eco-friendly Products

Today, more and more consumers become more socially responsible and choose to buy eco-friendly products from companies which aren’t only after profits but have concern to save our Mother Earth. Thus, it is very crucial to go greener to attract more customers.

Conclusion

Learn to adapt to these business trends in order to stay afloat in 2019 and the years to come.  If you need office solutions in Philadelphia to offer work flexibility, YourOffice Philadelphia offers you a wide choice of office and workspace solutions: flexible office space Philadelphia, team office space Philadelphia and Philadelphia 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.

Are you ready to adapt to the popular business trends? Please share your comments.  You can also see us on Twitter and Facebook.

5 Low-Budget Tips to Boost Your Sales

A recent article, Increase Your Sales With These 5 Low-Budget Tips by Sam Davtyan says that problems with cash flow or low  budget is the most common reason why most businesses fail in the first year of their operation. Therefore, the ultimate remedy to build your business over time is….
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A recent article, Increase Your Sales With These 5 Low-Budget Tips by Sam Davtyan says that problems with cash flow or low  budget is the most common reason why most businesses fail in the first year of their operation. Therefore, the ultimate remedy to build your business over time is to increase your sales.

Listed below are 5 low-budget tips to increase your sales and stay afloat in the years to come.

  1. Engage in Social Media

People spend lots of hours every day on their mobile devices and on social media, so your online presence in social media can draw or catch their attention. For instance, you can build a Facebook Page that lists general information about your company such as, hours of operation, phone number, email address and office space location. Share relevant posts regularly to boost followers and shows that you are active and engaged, ready to connect and serve your customers.

  1. Get Involved in Your Community

Getting your company involved in the community, whether by sponsoring or taking part in community services can build relationships and increase your business visibility and brand awareness. Get in touch with the organizers of a local event to let them know that you are interested to join in some ways.

  1. Promotional Products/Items

Good quality promotional products with your business name and logo on them can create a lasting recognition for your business and thereby boost your sales. Promotional products can be for purchase or be given away for free when a customer makes a particularly large purchase that makes the customer feel special and increase the chances that they’ll come back.

  1. Invest In Your Team/Staff

Your employees are the backbone of your business, thus hiring smart and choosing the right people will help your business grow. Ensure your team has proper training and knowledge on products, processes, and branding to provide exceptional customer service. Have regular meetings in a meeting space to keep your staff updated and ensure that they know about new products or upcoming events.

Conclusion

Keeps your business thrive and stay afloat with these actionable tips.  YourOffice can provide you ideal workspace solutions from the initial launch of your business to its future growth.  So if you are looking for business office in Denver, YourOffice Denver offers you a wide choice of office and workspace solutions: Denver flexible office space, Denver team office space and Denver 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.

 How do you increase your sales with a low budget?  Feel free to share your thoughts.  You can also visit us on Twitter.

4 Actionable Tips to Hear Your Customers

As a product manager or a business owner, it’s always your task to listen to customer feedback (whether negative or positive), to have a better understanding of their wants and needs, and thereby improve your products or services. However, in an article, 5 Ways Product Managers Can Get Closer to….
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As a product manager or a business owner, it’s always your task to listen to customer feedback (whether negative or positive), to have a better understanding of their wants and needs, and thereby improve your products or services. However, in an article, 5 Ways Product Managers Can Get Closer to Their Customers in the Cloud by Megan Rees Ahigian says that methods like surveys, feedback forms, focus groups, etc. are oftentimes expensive and time consuming to prepare and manage.

Here are alternative ways to get your customer’s feedback to help improve your products or services.

  1. Meet your sales team. 

Your sales team have direct interactions with your customers almost every day, thus can quickly and easily provide you a comprehensive picture of your consumer’s attitudes, needs, complaints, issues, etc. Schedule a conversation with your sales team in a meeting space and listen to them about the features they want to improve or add in your products.

  1. Follow customers on social media.

Many consumers use social media like Instagram,Twitter and Facebook to share their comments and feedback to the public about their experience in your product or service. Thus, using this information will provide you a clear and consistent understanding of how they consider your product or service.

  1. Always Take time to Ask Why.

Sometimes customer feedback can seem irrelevant, inappropriate or immaterial, but remember, “Customer is always right”.  Take time to ask why before dismissing it.  Find out what’s their demand and ask why they want it. Their feedback will give you the idea to assess the necessity of their request.

  1. Patronize Your Own Product.

Patronizing your own product will give you personal experience about the product and you will understand your customer feedback objectively.  Using your own product will provide you honest feedback, and allowing you to give recommendations for improving it further.

Conclusion

Customer satisfaction is the core of your business, thus their feedback is essential to be heard and addressed.  If you’re looking for office space in Lake Mary to get closer to your customers, YourOffice Lake Mary is a leader in providing the most prestigious fully serviced office space Lake Mary and meeting space Lake Mary 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.

How do you get a word from your customer?  We’d love to hear from you. You can also see us on Facebook.

 

5 Ways to Have Meaningful Meetings with Your Staff

Having meaningful conversations with your staff is essential to your company’s success. However, in an article, The Top Overlooked Communication Skill of Great Leaders by Lou Casale says that as a leader or manager, if you’re always dominating conversations and keep on talking, you may be missing out on unique….
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Having meaningful conversations with your staff is essential to your company’s success. However, in an article, The Top Overlooked Communication Skill of Great Leaders by Lou Casale says that as a leader or manager, if you’re always dominating conversations and keep on talking, you may be missing out on unique ideas that others are hesitant to share.

Here are some tips to ensure conversations in your company are more engaging and productive.

  1. Encourage participants to come to meetings with ideas in writing.

Allow everyone to discuss their insights, regardless they may sound contradicting. Sometimes an idea that may seem conflicting can ignite enough conversation to turn out to be an idea that makes a big difference.

  1. Focus your undivided attention on the person who is speaking and ask clarifying questions.

Make sure everyone in the meeting space has an opportunity to both speak and listen. Leaders and managers aren’t the only ones who benefit from listening, but it will help your staff better understand the business and its challenges in the future.

  1. Ask thought-provoking questions to yield greater responses and ideas.

Asking great questions will allow you to learn more about your colleagues and the facets of the business you may be less involved with on a daily basis. Great and tough questions will also allow the person who is responding learn and discover things they may not have realized.

  1. Provide positive reinforcement to colleagues who suggest new ideas and solutions.

Recognizing your colleagues in team office space who suggest potential ideas and implementing their solutions on projects will result in more collaborative and meaningful conversations in the future.

  1. Ensure issues that arise are assigned to the right people.

Clearly communicate priorities to everyone so they will understand which projects or tasks are the most significant. Also, allow the right people to give their suggestions on the prioritization of these issues. Follow up with the team or provide status updates accordingly.

Conclusion

By being a good listener, you empower your staff to present new and interesting solutions to the challenges your business faces. You build trust and connectedness within your organization as you set out to accomplish your vision and goals, thus everybody learns and wins. If you’re looking for workspace solutions for your team in Ballantyne, YourOffice Ballantyne has come alongside dozens of businesses 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!

4 Tips for Entrepreneurs to Move Forward in 2019

A recent article, How Entrepreneurs Can begin The New Year on The Right Foot by Kalpana Arya says that as the year ends, entrepreneurs ensure that no significant tasks fall through the cracks and also  it’s the best time to set new goals and aspirations for a thriving year to….
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A recent article, How Entrepreneurs Can begin The New Year on The Right Foot by Kalpana Arya says that as the year ends, entrepreneurs ensure that no significant tasks fall through the cracks and also  it’s the best time to set new goals and aspirations for a thriving year to come.

Here are four tips for entrepreneurs to start 2019 on the right direction.

  1. Set aspiring and attainable business goals and objectives.

This is the time to define your long-term goals while working on your short-term goals. Look for opportunities to achieve small but significant tasks that set the tone for your business success throughout the year. For example, you can set the goal of achieving 30K likes on your Facebook page in the first quarter of 2019, then if you do it successfully, you can focus on engaging those followers with your posts and turning them into customers.

  1. Focus on strengthening the vision and values of your brand.

Try listing down all those things about your business which are not compelling, rewarding and satisfying. Figure out those gaffes and blunders in business operations which are affecting your sales and customer satisfaction index. This will help you improve the processes to deliver excellent brand experience to customers.

  1. Network, Collaborate with other related-businesses.

Surround yourself with mentors and advisors whom you can ask questions and seek advice. When a strong advisor network backs you, you can make wiser business decisions that will prevent you from doing major blunders and mistakes. Don’t forget to attend business conferences and seminars being held in different meeting rooms for rent to keep updated on the latest development in your industry.

  1. Trim down Overhead Expenses.

Monitor your expenses closely, and determine what expenses can be cut back. For instance, if your staff needs to travel often, you can avail of the loyalty programs from different hotels, or opt for corporate travel bundles to save your business fund. Likewise, strict monitoring of expenses such as representation and entertainment should be implemented to prevent misuse. The money you can save can be allocated for employee bonuses to keep them inspired and engaged.

Conclusion

These simple tips will help your business ready to move forward in 2019. Are you looking for workplace solutions in Denver for your business expansion in 2019?  YourOffice Denver has come alongside hundreds of business looking for everything from Denver staffed flexible offices to Denver 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 get your business ready for success in 2019?  Feel free to share your thoughts. You can also see us on Twitter.