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Before you sign your first contract, take a closer look at what really matters: what is included in the monthly price? What do you need to provide yourself? And how flexible are they on lease terms?
When you’re looking for office space, it’s easy to get distracted by the glitter of high-end lobbies and glossy brochures.
As business owners, you don’t have time to waste on over-promising and under-delivering office space deals.
Here are five questions that can help you get it right the first time.
1) Is there Support Staff Onsite?
Support staff includes any employees other than the person using the office who will be responsible for the day to day operations of the business. This includes receptionists, janitors, mailroom, and clerical staff.
Having support staff onsite means less hassle for you. They will receive deliveries when you’re away or in meetings and give visitors directions to your office or parking space (if needed).
If there is no support staff at the office, then it’s time to hire a part-time/full-time receptionist or IT help desk administrator.
2) Is There Accessibility by Public Transportation?
In the city, most office space comes with parking included in the monthly price. In smaller cities and towns, however, public transportation is more common – so you should expect to pay for parking separately.
If you find office space with free parking included, make sure it’s not reserved for employees only; if there is no separate section of the lot available, your visitors may require a multi-level parking garage (and that costs money).
3) What Are Your Neighbors Like?
Office Space in an established business park is usually the safest bet when it comes to location. Your neighbors will be established businesses that can serve as a valuable resource for networking and referrals.
However, in newer business parks (or areas of town where there’s still a lot of construction) you may find yourself surrounded by empty cubes and vacant storefronts. You never know if they were once a thriving business or soon-to-be-defunct startup.
For your peace of mind, ask if there is any commercial office space for rent in the surrounding area and take a look at their client list; you’ll get an idea about how long they’ve been in business and what type of businesses occupy the building.
4) Have the Lease Terms Been Renewed Recently?
If you need to sign up for a long-term commercial property lease, make sure it hasn’t been renewed in the past year or two. Most office spaces are renovated on an almost yearly basis; if they haven’t changed much since your potential office space was last updated, chances are good that your monthly rent will increase in the same time frame.
5) Can You Get Out of Your Lease If You Don’t Like It?
Read the lease contract carefully. Some commercial property leases are “evergreen” leases, which renew automatically unless you give notice to end them. Always ask for written confirmation that you can get out of your lease if you need to.
If the only office space you can find requires a long-term evergreen commercial property lease, it might be better to look for something else; if your business fails in the first few months (or years), you could risk losing money on an empty building or having to pack up and move when there’s no time to spare.
When you’re looking for the best monthly office space rates, ask yourself: what am I getting and what am I paying for?
With the right questions, you can save yourself time and money so that you can focus on what really matters – your business.
Here are five hacks that will help you grow your business. This is not only for the small businesses, but also growing startups!
Is your business on the brink of growth? If so, you’re not alone. Many businesses are looking for ways to grow their customer base, and that’s why we put together this list of 5 super hacks to help you out! These hacks will stretch across all aspects of your business – from marketing to sales. But before we get started with these hacks, let’s first take a look at what it means when a company is “on the brink.”
The first step in growing your business is determining if it has reached its full potential yet or not. If it has, then there is no point in trying to grow the business because you’ve already reached its maximum potential. If that’s not your situation, then you’re on the brink of growth.
Don’t underestimate what a big deal this can be! While reaching full potential sounds great, growth might be more critical for many businesses – especially small ones. Why? Because if you don’t have enough customers or capital coming through the door every month, eventually, your competitors will take over and leave you in their dust (literally). So let’s get started with how we can turn things around…
Get the word out about your business today!
First, you need to get people excited about your business. If no one knows who you are or what your business does, then it’s going to be extremely difficult for them to buy anything from you. That’s why this first hack is all about getting the word out there and making sure that enough people know (and like) what you’re selling!
The first step is to build a following on social media. The bigger your audience, the easier it will be for you to get them excited about what you’re selling and convince them that they need to buy from you! As long as the content you post resonates with your target market (which we’ll talk more about later), then people are going to start taking notice of who you are – which brings us right into our next great hack…
Get your business noticed
That’s why this second hack has everything to do with getting noticed. If someone can’t find out where exactly they should go to purchase their product or service, then how likely will they be able to make that purchase? Not very likely.
That’s why you need to make sure that your website has an obvious call-to-action or contact information. You want people to know exactly where they can go to buy from you – and this is the best way for them to find out! So don’t be afraid of putting yourself “out there” on social media because it will lead directly into our next great hack…
Create a successful social media strategy
Our third hack may sound simple, but it’s a lot harder than you might think. That’s because this one is all about the visuals.
Remember before social media was around? Remember how difficult it used to be for companies to get their name out there? Well, now that we have so many different platforms at our disposal (including Instagram), getting your business noticed has never been easier! The only real downside here is deciding which platform will work best for your brand – and that is a decision you will have to make…
However, if you do decide on an image-based platform like Instagram or Pinterest, then make sure to use images of people using/interacting with the products in order to stand out from the crowd. That’s what will make these platforms work best for your business!
Incentivize your customers
The next hack on our list is all about growing your customer base. After all, if you don’t have enough customers coming through the door every single day/week/month to keep things afloat, then eventually there won’t be anyone left – which means your company will fail. So let’s take a look at how we can avoid that outcome…
First off, we need to attract more people into buying from us and getting them excited about doing so. However, this doesn’t just mean spending money on advertisements (although that certainly helps). Instead of focusing specifically on advertising or paid ads alone, why not try adding some incentives into the mix? This way, you’re giving people a reason to want to purchase from you AND spending money on advertisements simultaneously!
The first way that I suggest doing this is by offering free shipping or another type of discount. This will be especially beneficial for your business if you’re selling online and struggling with getting people excited about making their first (or next) purchase…
However, remember not to go overboard here – otherwise, no one’s going to take advantage of these promotions, and it’ll end up costing you more than anticipated!
Save your business time and money
The final hack on our list isn’t quite as exciting as some of the others we’ve talked about already, but it still has its fair share of benefits when executed properly. That’s why it’s such an important strategic step in growing your company:
Keep in mind that this isn’t about spending less money or taking shortcuts by buying cheap supplies – it’s simply about ensuring that you’re getting the best value for your money and not wasting any of your funds on something that won’t be helpful down the road!
This means optimizing every single business process to make sure they’re as efficient as possible. This can include hiring a new employee, updating software/equipment, purchasing advertising space, etc. The better optimized we are here, the more likely our company will run like a well-oiled machine…which will help us avoid those costly mistakes without having to spend extra time worrying about them!
To avoid wasting time and money when growing your business, it helps to keep these super important hacks in mind. As you can see from the list above, a lot more goes into running a company than many people realize – but with the right mindset and guidance, we’ll be able to make this work!
Stay tuned to see more business hacks in the upcoming weeks! We want to know what you think of these tips! Do you have any favorites? Or maybe one that we missed and should add? Let us know in the comments below. We’ll also be sharing these tips throughout our networks, so be sure to like and follow us to see more awesome content like this.
Launching an online store can be a fun and rewarding experience, but it does take work. Follow these three steps to get your site up and running quickly!
No matter what industry you’re in, it’s vital to set up your business. Whether you want to start a blog, an e-commerce site, or sell on social media channels like Instagram and Facebook, many steps need to be taken before you can fully get started. This post will discuss some of the essential information every entrepreneur should know about setting up their business. Some highlights include: – Learning about your state’s requirements for starting a company – Understanding how much money is needed to create a company – Choosing what type of entity best suits your needs. With this knowledge under your belt, getting started with running your own company will be much easier!
Learning about your state’s requirements for starting a company
Different states have different requirements for starting a company. All of the information you need to know about your state’s requirements can be found on your Secretary of State or Division of Corporation’s website. Your Secretary of State is the official body responsible for maintaining business records and voting on bills. In contrast, your Division of Corporations handles LLCs and corporations (other business entities can be found here ).
While most states have similar requirements to each other, there are a few differences. For instance, some states require you to register your fictitious business name before starting a company, while others don’t. Some states also allow you to create an LLC or Corporation online, whereas others require that you print off and mail in the forms.
Choosing what type of entity best suits your needs
Depending on what type of business you want to start, you will need to choose between an LLC or Corporation. While most states allow for one-person LLCs and partnerships, many do not qualify for single-member corporations. Every state has different requirements, so it is important to check with your Secretary of State or Division of Corporations for more information.
Setting up a business bank account and getting an EIN.
Once you have chosen what type of entity best suits your company’s needs, you must register it in your state. While each state has different registration requirements, most will require paying a fee and filing paperwork. Once your business is registered with the state, you will set up a bank account under its name. To do this, all you have to do is go into any bank or credit union and ask them to help you open an account in your new company’s name. They will most likely require some information about your new business, which you can find out by calling your Secretary of State or Division of Corporations.
EINs are also needed for both corporations and LLCs, so getting one as soon as possible is important. While they are not technically required until specific actions are taken, obtaining an EIN early will help you save time later. If you choose to apply for your EIN online, you will still need to mail in the paper application.
Understanding how much money is needed to start a company
When it comes to starting your own company, one of the first questions is how much money is needed. Unfortunately, there isn’t an easy answer here as it depends on what type of company you want to run. If you wish to start a small business that will remain pretty small, about $2,000 should be enough. However, if you are thinking about starting something significant like an auto dealership or medical center, more money will most likely be required.
Choosing where to register your business online
While you may be tempted to register your new company with whatever site you found that claims to do it for free, I would advise against it. If you truly desire to run a legitimate company and not get in trouble later on (it is possible to get in legal trouble, even if your business is registered online!), then paid services are the only ones worth using.
Getting started with your business plan
Once you have obtained all of the necessary legal information, it is finally time to craft a business plan. If you already have one ready and want to add the needed company information, please skip this step. However, if not, I would suggest that you seek resources to assist you on how to write a business plan.
Before you can open up shop, there are still some things that must be done. You will need to get all of your licenses and permits in order, depending on what type of business you wish to run. If you sell any products, you will also need to get state tax id numbers. Once you have these numbers, it is just a matter of waiting for everything to go through. In most cases, it only takes about two weeks for this process to complete, but in rare cases, it can take up to six months!
The next step to advise everyone who plans on opening a company is to get their financials ready. While you may not need them immediately, it is a good idea to have a list of all your assets and liabilities, so you can provide them if they are asked for. Finally, once everything has gone through, I would suggest you go ahead and register yourself as an official business with the state.
Getting started with your online store
Once everything else has been taken care of, it is finally time to get your online store up and running. To do this, you will need to make sure that you have everything set up correctly. However, before you can do anything, there are a few tools that I would recommend investing in:
Virtual Assistant – A virtual assistant can help with ordering products, answering customer questions, and much more. This is especially helpful if you are starting since your time will be limited.
Google Analytics account: Google analytics is a free tool that can help you monitor how many people are coming to your site, where they are coming from, and what content they are spending the most time on. It can be beneficial when it comes to improving your site’s layout and content.
eBay account: If you plan to sell any products online, whether new or used, I would recommend using eBay. While there are other options, eBay has proven reliable for many people in the past decade. PayPal account – PayPal is another widely used method for receiving payments online. It is a faster way of sending and receiving money than going through a bank or other financial institution, making it easier to process transactions quickly.
WordPress: WordPress is one of the easiest ways to create an online store, as you can choose from hundreds of free templates for your site. In addition, many free plugins can be used to create a nicely formatted online store, making it the perfect choice for any business.
Once you have all of these things set up, I recommend choosing a domain name for your website and registering it. Suppose you are worried about security problems with this process. In that case, many companies offer ways of protecting your new website by giving you an added level of security that can help protect against viruses or other dangerous online threats.
Once this is done, all that is left to do before opening your doors for business is purchase an SSL certificate. This will allow customers to send you confidential information with complete safety and security since their browsers will encrypt the information required from them.
Once everything is set up and ready, all that is left for you to do is open your doors and wait for customers to start pouring in.
Thanks for reading, and good luck with the rest of the process!
-This article is free and open source. You have permission to republish this article with attribution to the author and Tips4biz.com.
If you’re thinking about starting your own business, it can be daunting to assess whether or not you’ll end up earning enough money to make the journey worthwhile. Here are some things to think about before deciding!
Many people dream of starting their own business, but they’re unsure if it’s worth the risk. They wonder if entrepreneurship is for them and what they need to do to make it happen. The truth is that entrepreneurship can be a rewarding experience as long as you know what you’re getting into and you have the motivation to follow through with your goals! In this blog post, we’ll talk about what being an entrepreneur means, why owning your own company might be just right for you, and how to get started on this entrepreneurial journey.
Entrepreneurship is the act of starting your own business.
Owning a company can be rewarding for some people, but it requires hard work and dedication on their part.
Deciding to start your own company takes motivation and inspiration! It would be best if you had an idea ready to get started quickly. And without excellent time management skills, you’ll never reach success with entrepreneurship.
There are many benefits of being an entrepreneur that will drive you towards this goal…and there are also some disadvantages that may provide obstacles along the way. Let’s talk about each one, so you know what they entail before deciding if entrepreneurship is right for you! The first benefit of being an entrepreneur is choosing where, when, and how often you’ll work. It’s effortless to get caught up in the “work hard, play harder” mentality when working for someone else…but this isn’t necessarily something that applies to entrepreneurs! You can structure your business, so it works with your lifestyle instead of against it. This means setting hours where you’re available for communication and having time away from work so you don’t burn out or become unhappy with what you do daily.
Being an entrepreneur allows people to choose their schedule based on what suits them best.
Entrepreneurs can spend more time doing activities they enjoy because they control their schedules (and income). Another benefit is being your boss–making your own rules and having the power to make decisions. This is a major perk of entrepreneurship because you get to call all the shots! You don’t have anyone looking over your shoulder, so it’s up to you guide your company in whatever direction you see fit for its success. Of course, this level of control comes with responsibility as well–you won’t always be able to please everyone, and that can mean some people may not like what happens during business operations.
Entrepreneurship provides an opportunity to create their own rules/goals for how they want their businesses run!
Being one’s boss means owners must take full responsibility when things go wrong within their companies. One more benefit worth mentioning is being rewarded financially for your hard work! Entrepreneurship doesn’t mean you won’t be paid for the amount of time and effort you put into business operations, but it does mean that any profits made will go towards your company’s success. You may even benefit from the equity in return–which means more money coming back to you when decisions are made about investments within the company.
One major advantage is being rewarded financially based on one’s contributions/efforts to their companies. Now let’s talk disadvantages; there are some negatives to entrepreneurship that shouldn’t be overlooked before making this big decision! First off, entrepreneurs have high-risk factors since they’re putting personal assets (such as retirement savings) and borrowed funds at stake, depending on how well their businesses perform. If you fail to reach your projected earnings, it could mean filing for bankruptcy or having to start over from scratch with another business idea/company!
Starting a company means taking on higher risk factors that can be difficult if the project fails. Another disadvantage is dealing with stress and long hours–you’re putting everything you have into making sure the business succeeds, so there’s not much time (or energy) left over for anything else during this process. You’ll likely stay busy working towards goals each day and even through weekends to make strides within your own company…which leaves little room for socializing and other hobbies outside of work responsibilities!
Entrepreneurship often requires high amounts of stress as well as extended hours spent working.
Entrepreneurship requires one to be dedicated entirely to their companies and leave them with little time for anything else. Finally, there is the possibility that your efforts will go unrewarded–or even worse, you’ll suffer losses instead of profits despite all of your hard work. This is another risk factor associated with entrepreneurship. It means owners must try again or find a new business venture if they run into issues during the initial start-up stages within their company growth process.
One disadvantage would be struggling financially after putting in so much effort/time towards building their businesses.
It’s possible entrepreneurs could lose money rather than earn money from their ventures!
Entrepreneurship may not always be successful despite one’s efforts. In conclusion, entrepreneurship is an excellent opportunity for those who have the drive and determination to make their business ideas happen! It comes with both benefits and disadvantages that should also be weighed before making this big decision in life…but if you’re ready to take on risk factors, put in long hours towards work responsibilities, and don’t mind being your boss, then starting a company could be for you!
Learn how to outsource your business for a variety of tasks. Save time by delegating projects and focus on what’s important to you!
If you’re a business owner and you feel like there’s not enough time in the day to get everything done, it may be time to outsource some of your tasks. Thousands of skilled freelancers can help with your workload for all sorts of projects. Here is how outsourcing will benefit your business:
You’ll have more free time to focus on what you do best – Your company will grow faster because you won’t waste any more precious hours on things that don’t pertain directly to your industry or niche market – You’ll be able to hire someone who has experience with similar businesses so they know exactly what needs doing and how it should be done – It’s less expensive than hiring full-time employees
Outsourcing can expand your company’s capabilities to get work done in less time, which allows you not just to grow your business but save money on labor costs at the same time. The benefits are numerous, and it isn’t challenging to find freelancers for hire. All you need is an internet connection and a computer. Here are some ideas on how to get started with outsourcing your work.
Look for freelancers on internet boards and on business plan websites that let users share their trade secrets or post a review about a business they hired.
Check out LinkedIn profiles to find professionals who have worked in similar fields as you and who have the skills you need. Then try contacting them through the site and see if they’re willing to share some insights on their experience and expertise with your business.
Look for freelancers on sites such as FIVERR, BARK, BEESY or SEOClerks, to name a few of the available options out there
Find professionals who have experience with the type of work you need done and contact them directly.
Avoid anyone who tries to charge an exorbitant amount for a task you know can be done at a fraction of the cost. Keep your eyes out for experts in your field who are willing or able to take on your projects. You’ll find that it’s much more affordable to hire a freelancer than it is to hire an assistant or full-time employee.
Once you engage a freelancer, make sure that the contract they put together clarifies who’s responsible for what and how payment will be calculated. Take your business to the next level by outsourcing your tasks. You’ll find that the cost is low and the benefits are immeasurable. Don’t waste any more time. Outsource!