Tag Archives: book a meeting room

3 Small Business Challenges and How to Manage Them

In an article, 4 Small Business Pain Points and How to Fix Them by Charles Brown says that running your own small business is a dream comes true, but it is not an easy endeavor. You will experience ups and downs, highs and lows during your business journey. Here are the three….
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In an article, 4 Small Business Pain Points and How to Fix Them by Charles Brown says that running your own small business is a dream comes true, but it is not an easy endeavor. You will experience ups and downs, highs and lows during your business journey.

Here are the three small business challenges that you should understand and how you can address them.

  1. Inadequate Capital

The most common cause why a small business fails is the lack of or misuse of capital. Most of the time we miscalculate how fast the capital will get exhausted, so it is very critical to always look for capital to maintain the business. So as a business owner, you need to always have a few available financing options. An accountant can help you with making the right decision, so you can book a meeting room to discuss what option is best for your business, whether it is a line of credit, small business loan, venture capital, etc. 

  1. Inconsistent Cash Flow

A consistent cash flow is difficult to maintain in a small business due to some factors like debts and late payments. Thus, if you don’t have reserve funds or if your cash in bank is insufficient, it can impede the whole business operation.  In order to avoid late payments from customers, you can use online payment solution that offers online invoicing.  This allows you to connect to your depository bank so your money is automatically deposited.

  1. Employee Turnover

Employees are the backbone of your business. The hiring process is taxing and time consuming, thus one of the biggest challenges for small businesses is the employee turnover.  To reduce turnover rate, you can conduct a regular employee review to better understand their problems, concerns and suggestions, and consider those feedback in building a strong and unique company culture.

Conclusion

Understanding the business challenges and how to address them can help you launch a thriving business. If you are looking for workplace solutions to launch your small 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 face the challenges of running a small business? Feel free to share your thoughts. You can also see us on Twitter and Facebook.

3 Vital Types of Communication to Keep Your Business

A recent article, The 3 Types of Communication You Need to Maintain Your Business by Michelle Van Slyke says that communication skills directly affect your ability to do business.  Thus, it is essentially important to communicate clearly with your most significant audiences.  Here are 3 most essential types of communication….
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A recent article, The 3 Types of Communication You Need to Maintain Your Business by Michelle Van Slyke says that communication skills directly affect your ability to do business.  Thus, it is essentially important to communicate clearly with your most significant audiences. 

Here are 3 most essential types of communication to help your business succeed.

  1. Start with Yourself.

End of the year is the best time to take inventory of yourself and assess how you are personally performing and how it is affecting your business. It’s extremely important to be sincere and clear with yourself. Consider whether you’ve accomplished your goals for the year and be truthful with yourself if you haven’t. You can ask for honest feedback from your friends, partners, employees and customers to identify the areas that need improvement. Then clearly communicate in writing what you want to accomplish in your business and what you can improve personally.

  1. Your employees.

Once you’ve identified areas for improvement and have a strategic plan, you can book a meeting room to meet your employees and clearly communicate your course of action to them. Including employees in the process early ensures that everyone will be on the same page and have clear expectations for performance. Making employees a part of the process also gives them a sense of value and ownership in the success of the business.

  1. Your customers.

Customers are the backbone of your business and without them you can’t succeed. So, it is very important to clearly communicate what your products/services can provide to make their lives convenient and comfortable. The experience they have with you is just as vital as the actual products you sell. Honest feedback from your customers can provide you insight into what they need and provide inspiration for new ideas. Understanding your customers can also provide new avenues to find new customers.

Conclusion

Yourself, your team and your customers are the most important audiences you need to communicate clearly and honestly to help your small business stay afloat. Your business location has also great impact on your business success.  Thus, if you need a prestigious office location in Orlando, YourOffice Orlando is a leader in providing the most prestigious executive office space Orlando and shared office space Orlando 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 effectively communicate with your most significant audiences?  Let’s see your comments.  You can also see us on Twitter and Facebook.

How to Stick to Your Small Business Budget

In an article, 6 Tips for Sticking to Your Small Business Budget by Serenity Gibbons says that creating a budget is one of the most essential things you need to do as a business owner.  However, sticking to that budget is challenging because it involves some factors that are not….
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In an article, 6 Tips for Sticking to Your Small Business Budget by Serenity Gibbons says that creating a budget is one of the most essential things you need to do as a business owner.  However, sticking to that budget is challenging because it involves some factors that are not controllable.

Here are four ways to help you stick to your budget.

  1. Set realistic numbers.

It’s not possible to stick to a budget if you don’t have reasonable figures no matter how organized and detailed a budget is, you can’t possibly achieve anything if the numbers aren’t reasonable. Therefore, create a realistic and conservative budget by carefully evaluating your company’s finances over the last few months. You can book a meeting room and discuss it with your accountant to help you with the task.

  1. Leave a little space for flexibility.

While a budget should be balanced down to the last penny, providing a little space for flexibility allows you to accomplish goals as they arise throughout the quarter or year. This means you need to allocate a percentage of the budget to your emergency fund.

  1. Hold everyone accountable.

Have a periodical meeting with your staff in team office space to ensure everyone is moving in the same direction. Working together as a team is the best approach to stick to the budget.

  1. Review your budget monthly.

One of the biggest blunders a small business owner can do is not to review and study the budget  regularly.  With so many variable factors involved, you need to review your budget on a monthly basis to determine if you need to make revisions to it. 

Conclusion

Following these simple tips will help you stick to your budget. If you need workspace solutions in Ballantyne with your small budget, YourOffice Ballantyne is a leader in providing the most prestigious executive office space Ballantyne and shared office space Ballantyne 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.

Any other tips to help stick to your small business budget?  Let’s see your comments below.  You can also visit us on Facebook and Twitter.

How Negative Feedback can be Beneficial to Your Business

A recent article, 3 Ways Negative Reviews Can Help Your Business by Deborah Sweeney says that negative feedback and bad reviews can be devastating and frustrating, however these can also be beneficial for your business. Here are 3 ways negative feedback can be beneficial for your business. Take negative feedback….
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A recent article, 3 Ways Negative Reviews Can Help Your Business by Deborah Sweeney says that negative feedback and bad reviews can be devastating and frustrating, however these can also be beneficial for your business.

Here are 3 ways negative feedback can be beneficial for your business.

  1. Take negative feedback objectively.

Certainly, negative reviews can be crushing, but don’t take them personally- bear in mind that these aren’t about you. Instead, take negative feedback objectively—detach yourself and your ego and focus from the perspective of the business, so you can address them appropriately.

  1. Use negative feedback to improve poor quality products.

Listening to customers and evaluating their negative comments can oblige you to take action and make necessary changes to your products and services. Each business will have a different approach for addressing these concerns, from refund and exchange to honest apology. The bottom line is to start making the revision/modification as quickly as possible to ensure that your products are working efficiently for customers’ safety and satisfaction.

  1. Use negative feedback to improve training with your team.

Negative feedback is a great tool for your business to evaluate existing policies and you can book a meeting room to discuss with your team appropriate changes. Doing so will help keep everyone on the same page and let you to address any concerns they may have moving forward. It also shows that your business cares for its customers and wants to do better.

Conclusion

Negative feedback can be detrimental, but using negative comments to improve your overall efficiency can propel your business forward. If you are looking for workspace solutions in Philadelphia to help improve your customer service, YourOffice Philadelphia offers you a wide choice of office and workspace solutions: Philadelphia flexible office space, Philadelphia team office space 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.

How do you use negative feedback to improve your business? Let’s see your comments.  You can also visit us on Facebook and Twitter.

6 Tips to Launch Your Startup Successfully

A recent article, 8 Things Every Startup Entrepreneur Should Do by Nellie Akalp says that having a great idea for a potential business is awesome, but getting off the ground isn’t easy.  The process is stressful and daunting. Nevertheless, listed below are tips to make a successful launch. Discuss your….
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A recent article, 8 Things Every Startup Entrepreneur Should Do by Nellie Akalp says that having a great idea for a potential business is awesome, but getting off the ground isn’t easy.  The process is stressful and daunting. Nevertheless, listed below are tips to make a successful launch.

  1. Discuss your idea with trusted individuals.

Book a meeting room and discuss your business idea with family, friends, or mentors to get advice and feedback before you launch your business. Getting honest feedback is an indispensable step in turning your vision into a reality.

  1. Create a business plan.

A business plan defines your vision, gives you directions and provides detailed strategies to attain your goals.  It also helps you handle setbacks and difficulties along your business journey. Usually a business plan includes your company profile, market analysis, marketing and sales strategies, and financial projections.

  1. Choose your business structure.

Many small businesses start as a sole proprietorship or partnership since it requires less paperwork and fees.  However, starting a C corporation, S corporation or LLC (Limited Liability Company) provides better shield for your personal assets, makes it easier to raise capital, and provides considerable tax benefits.

  1. Secure financing.

Calculate how much money you need to start your business and how you would fund your new business. Usually most startups are financed by personal savings, but if you need additional funds, you can apply for business loans, bank loans, crowdfunding, etc.

  1. Choose your business location.

If you choose to start your business from home, create a designated office space to help you stay focused, but ensure to check local zoning regulations before you launch, otherwise you can rent office space by the hour.

  1. Secure the necessary documents.

Start with securing a tax ID number or Employer Identification Number (EIN). Then get your business licenses and permits and other requirements to start your business. Don’t forget to get trademark protection for your business name and logo.

Conclusion

Following these tips will help you avoid so much stress in launching your small business. If you need ideal workspace solutions for your startup in Lake Mary, YourOffice Lake Mary offers you a wide choice of office and workspace solutions: Lake Mary flexible office space, Lake Mary team office space and Lake Mary 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 successfully launch a startup?  We’d like to hear your thoughts.  You can also visit us on Facebook and Google Plus.

4 Tips to Reduce Stress from Office Relocation

In an article, Office Relocation? 6 Tips to Reduce Office Moving Stress by Brian Hughes says that office relocation is stressful, whether your business is moving to a new office space just across the street or across the city.  In addition, poorly managed office relocation has great impact on your business operations…..
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In an article, Office Relocation? 6 Tips to Reduce Office Moving Stress by Brian Hughes says that office relocation is stressful, whether your business is moving to a new office space just across the street or across the city.  In addition, poorly managed office relocation has great impact on your business operations.

Here are some tips to help reduce office relocation stress and continue your business as usual.

  1. Plan the relocation process in advance.

Provide yourself at least three months to put together a clear relocation plan.  You can book a meeting room and discuss with your team about the plan so they can manage workflow appropriately and support a smooth transition process. You can also discuss with them what needs to be transferred to the new office, what should be discarded and donated. Advanced planning will help streamline the relocation process and eliminate unnecessary hiccups.

  1. Plan for coverage during the relocation period.

It’s not advisable to halt the operation during the relocation period, instead you can close your office on a weekend, or you can designate one employee as the direct contact or get a virtual receptionist to answer calls “live” in your business name to ensure that client and customer support is uninterrupted.

  1. Careful labeling of boxes and containers.

Sorting essentials and nonessentials and careful labeling of boxes and containers can provide easy and seamless unpacking.

  1. Transfer the non essentials first.

Transfer first the non essentials to the new office space and keep the stuff that is necessary for daily operation until the day you move to reduce downtime.

Conclusion

Business office relocation isn’t easy, but if you’re planning to relocate your office to Denver, YourOffice Denver is willing to help you with the process. YourOffice Denver offers you a wide choice of office and workspace solutions: flexible office space Denver, team office space Denver 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 facilitate office relocation? Feel free to share your comments.  You can also visit us on Twitter.

3 Ways to Support Your Employee Career Development

Every member of an organization is valuable, providing their own set of skills, ideas and personality. That said professional advancement of each employee is an essential factor to the success of your entire business says Sammi Caramela in her article, 3 Ways to Encourage Professional Development in the Workplace. Here….
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Every member of an organization is valuable, providing their own set of skills, ideas and personality. That said professional advancement of each employee is an essential factor to the success of your entire business says Sammi Caramela in her article, 3 Ways to Encourage Professional Development in the Workplace.

Here are 3 practical ways to support employee career development in your business in Philadelphia.

  1. Promote further education in and out of the office space.

Having a stable job doesn’t mean employees have to quit learning academically. According to a survey, more than 30 million Americans have only partial college credits, so if your employees are interested to finish college or just want to hone their skills, encourage them to do so. Your company can provide in-house training sessions or online lessons to continue higher education at a lower cost. You can also encourage them to attend seminars and workshops (related to your industry) being held in different meeting rooms for rent for professional and personal advancement.

  1. Organize initiatives to encourage fresh ideas.

Bouncing suggestions around the workplace will encourage employees to be passionate in their job and at the same time promote personal and professional development. You can book a meeting room and arrange brainstorming groups or mentorship programs to discuss ideas, suggest new techniques, and improve tools and more which are both beneficial to your employees and your company.

  1. Address skills gaps by empowering employees.

No employee is perfect, that is why it’s essential to address skill gaps. Discuss with your employees the necessary skills, methods and techniques to cover any lacking areas. However, don’t forget to acknowledge their skills and talent where they stand out to boost their morale and confidence.

Conclusion

These three practical tips are not only beneficial to your employees’ personal development, but most of all to the success of your entire organization. Looking for an ideal office in Philadelphia for your thriving business?  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 encourage and support employee professional development in your company? Feel free to share your comments. You can also visit us on Twitter and Facebook.

3 Hints You Are a Potential Rival of Your Business in Orlando

A recent article, 3 Signs You Are Your Own Worst Business Enemy by John Boitnott says that as human beings, we have a hard time being objective about our own behavior and choices.  Therefore, it is no surprise that in many cases, the culprit behind a collapsing company is the….
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A recent article, 3 Signs You Are Your Own Worst Business Enemy by John Boitnott says that as human beings, we have a hard time being objective about our own behavior and choices.  Therefore, it is no surprise that in many cases, the culprit behind a collapsing company is the business owners, themselves.

Here are three signs in the people and circumstances around you that show you are potentially the rival of your own business in Executive Office Space Orlando.

  1. Your staff seems unusually tense and despondent.

Is the atmosphere in the workplace uninviting and indifferent most of the time? Certainly, your mood and attitude as the leader of your team can infect the entire office.  Perhaps you are becoming a toxic boss, so it is worth evaluating your behavior.  You’ll have a tough time attracting and retaining talent if you create an awkward, uncomfortable or hostile environment.

  1. You feel extremely dissatisfied with your staff performance.

Do find yourself unusually intolerant or inconsiderate around new recruits? Do you find yourself snapping at experienced workers over small mistakes or gaffes?  If yes, there could be some deeper issues at play that you should address and resolve. Demanding for perfection or competence in an unreasonable span of time can eventually sour your entire workforce and deter valuable employees.

  1. You focus too heavily on minor things and neglect to innovate.

One of the most common blunders you can do for your business is to relentlessly refined and perfected minor projects while you have not come up with fresh and concrete ideas.  Not giving yourself adequate time to create and innovate is one of the biggest ways to become your own worst business rival. Remember, your main task as the business owner is to create that overarching vision for your company, and then you can book a meeting room to discuss with your team how to accomplish that vision.

Conclusion

Being objective about your own action and surrounding is pretty hard, but you can use the atmosphere and the people’s reaction and feedback around you to understand how you are perceived and how they affect your business, and then take the appropriate action to mitigate those challenges.  If you perceive you need a better office for your business in Orlando, YourOffice Orlando has come alongside hundreds of business looking for everything from staffed flexible offices Orlando to agile office space Orlando. 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 you comments.  You can also see us on Twitter and Facebook!

4 Ways to Regain Employee’s Superior Performance

A recent article, 5 Things to Do When an Employee’s Performance Deteriorates by Liz Kislik says that seeing you brilliant employee’s performance takes a nosedive can be confusing and frustrating. And as a business owner, you need to intervene early to get them back on track; otherwise they can take….
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A recent article, 5 Things to Do When an Employee’s Performance Deteriorates by Liz Kislik says that seeing you brilliant employee’s performance takes a nosedive can be confusing and frustrating. And as a business owner, you need to intervene early to get them back on track; otherwise they can take a toll on your business profitability.

Here are four ways that can help you turn the situation around—regain the employee’s good performance.

  1. Ask clearly what’s going wrong with the employee.

Instead of assuming you understand the employee’s current situations and reactions, ask them explicitly if there’s anything that you should know. Maybe the employee is facing a new and challenging situation that’s distracting them. You can book a meeting room so you can talk one-on-one.  Knowing that you care about can help them refocus on their job.

  1. Look for symptoms of stress and burnout.

According to researches, burnout costs US businesses as much as 300 billion dollars every year, whether it’s because the employee is facing too many changes to absorb, or the fact that they have just been working dutifully for too long.

  1. Probe for changes in the employee’s performance.

Find out the reason why their performance deteriorates. Maybe there are new problems with the equipment, they are not comfortable with the office space design anymore, or perhaps a new manager is acting differently in some ways.

  1. Provide meaningful recognition.

One of the most indispensable factors of excellent performance is recognition.  Recognition doesn’t need to be expensive or time consuming. You can have a daily stand up meeting not just to review the progress of the work, but to acknowledge remarkable contributions and excellent performances.

Conclusion

Don’t wait until you are fed up with the person concern, but intervening early will cost you less than to hire and train a new employee.  A well designed office has great impact on your employee engagement. So if you are looking for ideal workspace solutions in South Park, YourOffice Southpark offers you a wide choice of office and workspace solutions: South Park flexible office space, South Park team office space and South Park 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.

Do you have other tips to motivate a disengaged employee?  Feel free to share your comments. You can also visit us on Twitter and Facebook.

4 Hacks to Run Your Business More Easily

A recent article, Top Tips for a Stress-Free Business by Joseph Doohan says that having stressful situations from managing finances to ensuring employee happiness is inevitable if you run your own business.  That said, here are some tips to help you run your business more easily. Outsource or Use Automation….
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A recent article, Top Tips for a Stress-Free Business by Joseph Doohan says that having stressful situations from managing finances to ensuring employee happiness is inevitable if you run your own business. 

That said, here are some tips to help you run your business more easily.

  1. Outsource or Use Automation tools.

As a small business owner, you have many tasks on your plate that may stress you out.  Fortunately, you can hire a virtual receptionist to answer call “live” in behalf of your company’s name, voicemail and call transfer , outsource or use automation tools for bookkeeping, billing, marketing, CRM, social media management, PPC advertising, etc.  These methods help you focus more on the core of your business with less stress.

  1. Create a happy workforce.

Having disengaged employees is stressful. Giving them rewards and recognition for a job well done, providing flexibility and autonomy to perform their tasks, listening to their feedback, having a well designed office space are some of the awesome ways to create a happy, stress free workforce—resulting in productivity increase.

  1. Keep Your Taxes organized.

Tax matters are stressful, so you should hire a trusted accountant to handle these aspects for you, so you can focus on the tasks you love doing.

  1. Manage Your Debt to Income Ratio

Financial management is stressful too. So, in case your business encounters difficulties and you need financial assistance (you have debts that are due but you don’t have enough sales to settle them).  Instead of putting your business at risk, you could opt for debt consolidation. You can book a meeting room and discuss with your accountant about this solution to spare your business from ultimately failing.

Conclusion

These are ways to help alleviate your stress in running your own business.  If you are having stress in finding the best workspace solutions for your business in Denver, YourOffice Denver has come alongside hundreds of business looking for everything from staffed flexible offices Denver to agile office space Denver. 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 prevent or handle stressful situations in your business?  Let’s see your comments.  You can also visit us on Twitter.