Virtual offices are used by people and companies who need to present themselves from a high quality business location but don’t actually need to physically work from that location. This primarily applies to home workers, freelancers, business start-ups, small businesses and companies expanding into new markets. Sometimes you want to start your own business and need to save cash. Or maybe you want to test the waters of the business world before you sign a lease for an office space. Those are some of the reasons a virtual office is used.
When you apply for a loan there are certain things lenders look for to determine your business fundability. Many times lenders will check your address to make sure you are in a commercial location.
When you rent a virtual office you don’t have to worry about buying furniture or setting up the office. You will have your own mailbox so that people don’t believe someone is just forwarding your mail somewhere. No long term contracts. Your clients need never know that you are really working out of a home office…and may not even live in the prestigious Van Nuys area, or the United States. Contact us for a customized quote to see how using a Van Nuys Virtual Office can allow you to work virtually and improve your business.
The desire to own a small business hasn’t faded away, even in today’s economy. About 600,000 businesses are formed every year; roughly half will fail within their first five years. But that reality hasn’t prevented new entrepreneurs from following their dreams. With can-do attitudes, hordes of potential business owners want to work for themselves, according to USA Today.
Starting your own business is not just about having a dream. There are real steps to ensure your business a successful start. However, be aware that a high percentage of new businesses fail in their first 3 years of operation due to poor planning and management.
Step 1: Get InspiredIf you are looking for a new small business opportunity, you are in the right place. Learn how to think like an entrepreneur, take advantage of ideas and opportunity, and explore whether owning your own business is for you. Let your daily life lead the way to inspiration. Problems you have or see are a tremendous source for inspiration and innovation. We live in a world where many services can be instantly contracted or automated, and most products can be fabricated on demand. If you think it, you can create it. So, do it!
Step 2: Research Your Idea
In order for a small business to be successful, it must solve a problem, fulfill a need or offer something the market wants. There are a number of ways you can identify this need, including research, focus groups, and even trial and error.
Step 3: Write a Business Plan
Writing a business plan is important for three reasons. First, it serves as an operational road map; second, it lists goals to aim for; and third, it is a requirement of lenders if you should approach them for start-up capital. The SBA has an online tutorial to help you write a business plan. Small-business advisors like the Service Corps of Retired Executives (SCORE) can also provide assistance.
Step 4: Do you have enough money to start a small business?
It depends on your type of business and how quickly you plan to expand. You should sit down and write out how much your expected expenses will be for at least the next 24 months and how much you project to bring in as far as income on a monthly basis. There are several companies that can help you get started with funding your business.
Step 5: Start-up Expenses
Every business requires start-up expenses, which may be low or high depending on the business. For instance, the start-up expenses for a home-based business may require less capital than the expenses for the purchase or lease of a commercial structure. In general, most start-up expenses include utilities, office space, communication systems and office equipment. In addition, some businesses require licenses, permits and business insurance.
Step 6: Licenses and Permits
Federal or state licenses and permits are required to legally operate some businesses. The Small Business Administration (sba.gov) provides information regarding the prerequisite government licenses and permits for businesses. Other sources for local business regulation information can be found at the state and local level. Additionally, local government offices offer information on zoning laws and other restrictions for certain businesses and their locations. Van Nuys Offices
Finding money to start a small business takes a lot of work. To start with you will need a good business plan and several leads for small business loans and grants. There are a number of available programs to assist startups, micro businesses, and underserved or disadvantaged groups.
Start your capital search with a good business plan that shows investors and lenders your company’s potential. Follow that up with a thorough knowledge of the resources available and a determination to make your business a reality, and you should be on your way to uncovering a source that fits your new business’s cash needs.
There are several sources to consider when looking for financing. Don’t make the mistake of thinking that the only place you can find the money you need is through the bank or finance company. Explore all of your options before making a decision.
The first place to look for financing is right at home and personal savings and assets are the easiest source of capital. If you have money set aside, you use it instead of borrowing or rounding up investors.
Next, turn to members of your family or close friends who have faith in you and want to see you succeed. Borrowing from a friend or relative is generally the most readily available source, especially when the capital requirement is smaller. Relatives and people you know need fewer assurances and are more open to your ideas than professional investors.
Angels are private investors interested in making more on their capital than they can make through traditional markets such as mutual funds or publicly traded stocks. These “angels” can be your accountant, attorney, doctors or other individuals who seek out new businesses to invest in return for equity ownership. Usually providing additional capital in the range of $25,000 to $500,000, expect angel investors to demand high returns for their investments.
Either way, there are risks and gains; what you take will depend on your tolerance for risk and your personal objectives. Van Nuys Offices
Are you looking for ways to market your new small business? Looking for ways to let people know you have open a new business. Whether it’s with established sites such as Google and Facebook, or newer outlets like Pinterest, there are plenty of options available to promote your site.
Create a marketing strategy. Lay out goals for how many consumers you want to reach, define your key audiences and decide how you will time each phase of the promotion. It’s also wise to use a variety of methods.
One of the many great things about marketing a small business is that there are plenty of options to fit any size budget. You can begin by obtaining a domain name for your new brand. On Godaddy.com. you can buy domains for less than $10. If your domain name is not available as a.com, come up with another name. Now that you have your domain. Develop a website using your domain name. This will help people find out information about you and your products / services if they do a search online.
Begin Search Engine Optimization (SEO) to get ever higher rankings for your website. It does you little good to have a website if no one can find it. Hire an economical SEO firm or do it yourself. Google’s Guide to SEO is free, online, and a great starter.
Use social media including a blog, LinkedIn, Facebook and Twitter several times a week. If possible use your own name, not your business name, because social media are personal. Constantly reach out to potential customers or referral sources by following them or asking them to connect.
Tell your family, friends and other associates about your new business and ask them to spread the word to drum up sales. Word of mouth referrals are still the No. 1 marketing medium in the world, and for good reason — people trust their friends’ recommendations.
There are many other ways to market your business and generate new business leads. However, the marketing strategies I mention in this article are effective low- or no-cost options. Use them consistently and watch your sales grow.
Starting a new business is a bold and exciting process! It takes a lot of courage to jump out on one’s own. Sometimes you’re forced by layoff and difficulty finding another job. Or maybe you just decided to make the jump and make your dream come true. Van Nuys Offices
The best thing to do when you need to lease an office space is to follow this easy steps. Once this is assessed, you want to evaluate how much space you will need to expand once your business becomes successful and can hold more people.
DON’T RUSH GIVE YOURSELF SOME TIME
Give yourself time to find and lease an office space. Finding the right space for you and negotiating the terms of the lease with the landlord can take much longer than expected, sometimes even months. You don’t want to end up unhappy with your lease or your space because of time restraints.
AMOUNT OF SPACE NEEDED:
Your office space should be big enough to accommodate your clients and workers. Make sure that you have enough room to efficiently operate and run your business. For most business starters, a smaller office is recommended, and as they grow their clienteles, changes may be made. Make sure that the office space you are renting is most appropriate for the business that you are going to run.
BUSINESS IMAGE :
Don’t underestimate the value of appearances. How your office looks can have a huge impact on business & investor relations so it is crucial that the premises you choose match with the image you want for your business. It might not matter to some businesses what their building looks like, but if you need to impress a steady stream of clients who come to visit you, it might be better to spend a little more looking for a nicer building. For example, a corporate solicitors firm operating from above a nightclub doesn’t give the best first impression.
How long is the lease term? The property owner usually wants you to commit to a longer-term lease. If you are willing to do this, you should receive concessions in the form of free months of rent or help paying for build-out. If you’re looking for something a little more flexible, consider a six month or month-to-month lease. Many standard office spaces will have a one or two year lease. If you’re just starting your business and aren’t quite financially stable, you may want to opt for a shorter lease, which won’t be as financially detrimental if cash gets tight.
It seems like a lot of things to take into consideration, but when you finally do find that perfect space for your business, you can rest assured knowing that you’ve covered all of your bases. Finding a space in which your business can grow and prosper is important, and once you’re settled in, it will be worth all the time and effort. Keep these tips in mind and you should easily find the perfect office suites for your company!
Van Nuys Offices offers office solutions to meet any business’ needs and budget.
Looking at offices for rent? contact us today to schedule a tour of our executive suites and other office space options.
Over the past few years, technology has caught up and exceeded many of my dreams and desires. Some of the most challenging mobile office problems have faded away and all the technology has become unbelievably affordable. These 5 steps will allow you to set up an office for your business.
1. INTERNET SERVICE:
Set up an intranet facility meant to be accessed only by the employers of the company to pass along information, vital communication, files and documents or go into the Virtual Private Network (VPN) so that the transferred material is fully confidential. Keep track of who is accessing the database of your organization by keeping logs of entry, exit and access information.
2. PHONE SYSTEM:
You need a phone system that is cloud based. This gives you the option of creating multiple numbers or toll-free numbers.
Two systems that work well are Google Voice, and RingCentral which offers toll-free 800 numbers and fax numbers. The cloud based system is great because you can use mobile, computer, and VoIP to send and receive calls.
3. SMART PHONES (IPHONE /ANDROID)
This is important because it will be your office in your pocket. If you use Google Voice, RingCentral etc. you can have your calls forwarded to your mobile so you can get the calls from any location you are currently working at. Or if someone sent you an important email. You can check it right through your phone.
4. POSTAL ADDRESS:
No virtual office is complete without a professional address to receive mail at. You do not need to actually reside at the mailing address your mail gets sent to. Van Nuys Virtual Offices has different virtual packages to suit your office needs.
5. YOUR TEAM:
If you need to hire virtual team members once you make the transition, you should hire carefully. Choose team members that have worked in a virtual office previously. They’ll have the self discipline, motivation and technical skills that are required in order to work remotely. With team members working remotely, you have to be clear about what you need from them, and what you expect them to do. Outline projects in specific details. Misunderstandings about when to check in, deliver work and communicate can lead to problems later on.
Don’t forget with Van Nuys Virtual Offices you can start your virtual office today for as little as $75 per month.
One of the most exciting part of starting up a small business is when it’s time to set up office space at your new business location. You have to purchase furniture, equipment, computers, business machines, supplies (like paper and paper clips), shipping materials, and décor for your office. And we all know that this may be a huge expense. There are ways to keep the expense down if you create a budget and plan your purchases accordingly. Van Nuys Offices.
There are so many second hand stores where you can find great buys on office furniture that are used but look like new. Choose a theme for your office and keep it in line with the type of work you will be conducting. Also check the local newspaper for any businesses that may be closing up as they will be selling off their furniture as well. There is no need to purchase new office furniture during your startup phase. For example, place the printer on top of a file cabinet rather than buying a separate table for it. Van Nuys Offices.
Besides the design of your office and furniture, you also have to start listing the various types of machines and equipment that you need in order to run your business efficiently. For instance, instead of purchasing a fax machine (which range from $100 to $200), keeping a supply of paper for it (between $3 – $5 per ream regularly), and the cost of an extra phone line (between $10-$40 per month), you can just get an online fax program.. You can send and receive faxes for your business and only print the faxes you need, for just $10 per month. Van Nuys Offices.
Now that you have the furniture & equipment you need for your office, it is time to supply it. Buying in bulk is a great way to save money if you have the storage space to keep the excess supplies. I recommend buying the generic brand for these basic office supplies. You will buy them at a lower cost and save a substantial amount of money. Generic products are a great business supply, and they are relatively cheap and inexpensive office products. You will hardly know the difference between them. Van Nuys Offices