Category Archives: Tips on Starting a New Business

Is a Home Office the Best Idea

Home Office Getting too Crowded

For many new small business owners, a home office makes the most sense. Being able to work from home is an appealing concept for women today. The cost of starting a business is relatively low and women can feel more fulfilled knowing all the hours they put into work are to build their own business instead of someone else’s. More than 60 per cent of people who start a business are now doing so from home. From fashion design, IT and catering through pet care and arts/crafts to accountancy and legal services – you name it – it’s being run as a business from someone’s home. Most cities and towns will allow you to run a business out of your home as long as you meet certain criteria. A major benefit of using your home as your business location is that you won’t waste any time commuting and you won’t incur additional costs to rent an office space. The IRS also offers significant tax deductions for a home office used for your business.

But there is also drawbacks to working out of home. A major drawback of working from home is that you can never truly leave work. Also, many types of businesses aren’t suited to a home location. The advantages of moving out of your home office boil down to increased professionalism, more space to work and unlimited growth potential. Of course, with any advantage come a few disadvantages, but nothing that can’t be overcome. For some people, the chance to move into commercial premises provides a more professional outlook, greater scope for expansion and the room to accommodate permanent staff.

For some businesses, such as lawyers,accountants, insurance brokers, classes most clients either want, or need, to come in for face-to-face appointments. Other businesses, such as advertising firms, may be able to service their clients while hardly ever meeting them in the flesh. Before you move out your home office, read on to learn about the pros, cons, and factors to consider when moving to a retail space. There will be lifestyle and financial changes to your business if you choose to do so. You probably considered these factors when you decided to start a home-based business, but you will have to consider them again. If you can afford the move and want to expand your business to a larger clientele and higher production rates, then moving to a commercial location will definitely accomplish that goal.

SHORT TERM OFFICE SPACE

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New Business Success

Short term office space is an excellent solution for companies that need a temporary place to conduct business. By renting a small office your company can save funds and use them towards other things. This could mean the difference between turning a profit and not turning a profit. . If a company’s staff is small, then it makes sense to rent small offices rather than whole floors or buildings. Size isn’t everything when it comes to business. A group only really needs a professional setting that has a enough space for desks and filing cabinets, among other company-specific items.

Renting an office is a smart thing to do when a business is still growing, but it is not obligatory.  Renting an office helps out a lot in the first stages of growing your business.  If your business would need to apply for a small business loan and having a commercial address would help out a lot.  Many banks take small businesses with a commercial address more serious than those businesses that are running their business from home.

Privacy, client confidentiality, personality traits, etc. can all factor into one’s ability to benefit from a small office space.   Small office suites provide small businesses with the space and professional image they need without breaking the business’s budget. You do not have to buy or rent out a whole building or entire floor to operate your business. Instead, lease a small office suites that has just the right space you need for your day to day operations. This is an affordable and effective to get your business idea going.

A Commercial Address Required For Some Business Licenses

Small Office
Starting Your New Business

To run your business legally, there are certain federal and state licenses and permits you will need to obtain in order to conduct your operation.

Virtually every business needs some form of license or permit to operate legally. However, licensing and permit requirements vary depending on the type of business you are operating, where it’s located, and what government rules apply.

You can expect to secure the maximum amount of credit available if you set up your business in a commercial office location. A physical location that is zoned for business speaks volumes for your company and its operation.

If you’re determined about having a commercial address but renting office space is out of the question then you may want to consider the following 3 alternatives:

  • Commercial Address – There are many leasing companies liken Van Nuys Offices that offer you the ability to have a qualified commercial address for your business for the purpose of only receiving mail and packages.
  • Virtual Office – A good way of saving money and at the same time still maintaining a professional image is to have a virtual office.  A virtual office will give you the right impression at a fraction of the cost of having your own office. With a virtual office you have the ability to run your business out of your own home and at the same time building a professional image for your business.
  • Dedicated Office – You can obtain a complete turn-key office operation which includes a private office with your own phone, fax, internet, full furnishings, meeting room and much more. Some turn-key offices give you the privacy, security and professionalism of a workplace that is not in an open environment or room-share. You will have your own suite number, own mailbox, and your own phone line. You may choose from one single private office or several offices with many options.
  • Why do people start businesses?

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    New Business Success

    Due to the bad economy and not a lot of jobs out there, people are now taking the opportunity to build a business and develop a clientele.  A lot of individuals take the plunge and take advantage of the many opportunities and resources available when starting your own business.

    Starting your own business gives you the opportunity to follow a dream or interest. Pursing a passion as a career by starting a business can increase your motivation to work and overall job satisfaction.

    Many people like the idea of not being restricted by the rules and regulations of a job. When you have your own business, you set your own hours and come and go as you please. Initially, many owners may need to work more hours per day than a standard job. But when the business is established, they may be able to take time off and hire help to run the business.

    To better understand why people start their own business, we asked many new business owners what motivated them to start it.

    69% Of them answered “Be my own boss”
    20% Of them answered “Follow a dream”

    11% Of them answered “For Financial Stability”

    It’s interesting that the desire not to have a boss is the primary motivator of entrepreneurs because “being one’s own boss” appears to be the prime source of entrepreneurs’ job satisfaction.

    While there are many answers to the question why start a business, the best answer is the one that motivates you to take action. If you encounter any obstacles along the way, reminding yourself why you became a business owner in the first place can help you regain your focus and enthusiasm. The rewards of starting and operating a successful business are unparalleled in the world of work so start brainstorming and come up with your own answers.

    5 Mistakes People Do When Renting Their First Office

    Oops
    Mistakes People Do

    Renting office space can be complicated because it’s difficult to tell what needs your business will have a year, or five years, into the future. If you’re considering renting office space for your business, it’s necessary for you to understand how the process works.  Renting the proper amount of space, in a location that suits the business, sometimes involves making a gamble. Remember, though, that the property owner doesn’t share in this risk-taking, and it won’t be his or her problem if the office turns out not to suit your needs. Below are 5 mistakes that can often be made when renting a new office space, and can be easily prevented:

    • Make Sure Premises look Professional:   Don’t underestimate the value of appearance. Depending on how your office looks is how your customers will see your business.  If your office doesn’t look professional than chances are your customers won’t take your business so seriously.  Look for something nice and not expensive.  Check out an office from Van Nuys Offices, they have a variety of offices available for any type of business use and their offices have a professional atmosphere.
    • Negotiate the Price:  Offices in places hard to find offer lower rent prices than those within easy reach of amenities and transportation.  Yes maybe this is how much you can pay and all the other offices are off your budget.  But will your customers be able to find you.  Negotiate the price on an office easy to find.  It won’t hurt by asking.
    • Signing a lease:  Signing a lease for renting office space isn’t something to be taken lightly, and it can have serious consequences on the success of your business. Before you sign a lease or agree to rent, make sure you have an attorney in your area look it over to ensure your rights are protected fully and that you understand all clauses and obligations contained within the lease. Van Nuys Offices has a set flexible agreement, so you are never tied into a long term agreement and can change your office space as your business requires.
    • Not Verifying Building Mobile Phone Reception:  In today’s environment, data, power, networking, and HVAC capacity and availability are crucial. We all experience weak signals on our mobile phones at some times in particular places as we go about our daily lives, but it’s a major issue if each and every member of staff has issues making use of cellular devices and smart phones from the work environment. You should ensure that the building you intend on occupying is capable of providing the network connectivity and other building systems necessary for a your business operation before signing any lease.
    • Not Designing the New Space Prior to Lease: Many companies fail to consider their future business requirements when looking for office space and they end up outgrowing the office space before the lease is even up. Ensure you have enough space for additional employees or equipment when calculating how much office space you will need.

    Small is the way to start

    Small Office for Lease
    Small office in Van Nuys

    There are many opportunities for people that want to start their own business now than there was years ago.  During this economic stress landlords that didn’t consider pursuing smaller tenants are now looking to expand their business and are willing to take small tenants.

    Large spaces that have now been divided into smaller ones are helping out those people who have thought of starting a new business but were afraid of the commitment to a large space.  The number of small spaces tenants can consider in their searches has increased.

    Many people think that when you start a business, leasing office space is not a really important thing because you have that extra room in home you can now use as an office.  Yes, having your business run from your home can save you some money.  But is it really saving you money.

    Many customers or clients seem to feel that a business with a permanent address other than someone’s home is less likely to be a flaky business, and more likely to be able to deliver on guarantees.  Which means some potential clients can change their mind about doing business with you.

    Another consideration that you may want to think about, particularly if your business is mature, is that businesses with outside locations tend to be easier to sell and to bring higher prices. For one thing, the new owner doesn’t have to scout out a new location and go to the expense of moving; for another, customers and clients are already accustomed to visiting a particular office and can continue to patronize it despite the new ownership.

    Five Important Steps to Start Your Own Business

     

    Start your own business today
    Start your own business today

    1.    WRITE DOWN A BUSINESS PLAN

    The main biggest mistakes a young entrepreneur makes is not writing down a business plan. Not only is it a good planning tool, but it also the key element that will help you raise money.  Include research into things like how much you can charge for your product/service, how much it will cost to produce or deliver.

    2.    FIND A LOCATION FOR YOUR BUSINESS

    Although the idea of starting your business at home is money saving there is many factors to look at when starting at home.  Will the kids interfere? do you have space? If these in fact are going to be a problem.  Then go out and look, for an office space.  Remember

    3.    SIGN A LEASE

    Ask for a copy of the form lease from your potential landlord. Read it and try to understand it. If you don’t understand the legalese, find an attorney. Start-ups should look for flexibility and try to sign as short-term a lease as possible. Understand the details of what you’re committing to when signing the lease.

    4.    MARKET YOUR BUSINESS

    Even though social networks are essential, don’t underestimate the old ways of marketing.  Your business is barely kick starting so you need to get the word out, let people know of your business, what products or services you provide. Embrace and use the most effective online tools (Twitter, Facebook, YouTube, LinkedIn) available to broadcast your news.

    5.    KNOW YOUR COMPETITION

    Many businesses fail because they underestimate the competition. Often, it is not necessarily the quality of that competition, just the mere presence of it. You may think that you can drive your competitors out or at least steal some nf their business by offering a better price or better service, but many businesses can breed an intensely loyal following of customers.

    WWW.VANNUYSOFFICES.COM

    Starting a New Business

    Small Office
    Choosing whats best for your business

    One of the things that makes starting so hard is that there’s so much to do. It’s overwhelming. Van Nuys Offices will help you to organize your thoughts and develop a business plan that puts you on the road to success. One of the main things to think about if you’re running any kind of business is where to have it located. Van Nuys Offices has many different sized offices and with different layouts. If you’re a sole trader, freelancer or someone who doesn’t have any employees then working from home is often seen as the way forward. After all, it can be a cheap and cheerful way of keeping overheads to a minimum.
    However, increasingly a large number of people who have a business to run are finding that renting office space from Van Nuys Offices is a great way of pushing their business forward. The process of starting an office is complex and the decisions that you will have to make are critical to the success of your business.
    Acquiring too much office space in the wrong location will have a very big impact on your business’s financial stability. Because you will be paying for office space you are not using.  Acquire too little office space and you will have to move after only a short period of time if your business increases. Determining the right amount of office space in the right location will help you to reduce the risk of moving from office to office.
    With the flexibility of their leases and the amount of help they that honor their tenants. This makes it a lot easier to get your new business jump-started. Even though the recession continues to rumble on, this has been good for people on the lookout for a place to work as rents are cheap and prime locations are plentiful.

    Scared of starting your own business?

     

    Start-up Office
    Offices for Business that are just starting

    People always wonder if this is a good time to start their own business. The fact is, there’s really never a bad time to launch a business. It’s obvious why it’s smart to launch in strong economic times. People have money and are looking for ways to spend it. But launching in tough or uncertain economic times can be just as smart. If you do some research and there’s a high need for the business you’re starting. Because many people are reluctant to launch in tough times, your new business has a better chance of getting noticed. And, depending on your idea, in a down economy there is often equipment (or even entire businesses!) for sale at bargain prices.

    When you start a small business you face lots of challenges. In order to improve your chances of beating the odds, what is important is that you educate yourself about business development. Starting and running a business, or any form of self-employment, requires a range of skills and attitudes. It can be very demanding.

    It’s important that you understand all the responsibilities you’ll have, and as many of the foreseeable challenges as you can. On the other hand, it’s also important to recognize the rewards of working for yourself and providing a quality product or a needed service to your customers and the community.

    Working from home might seem to be cheaper than leasing or renting an office space, but in the current climate with lots of property available, office space rental isn’t the costly exercise you might think it to be. In fact, thanks to the recession, many landlords are simply eager to lease out their dead office space, and so as a result, prices are actually more competitive than ever.

    You’ll be surprised at how cost effective this option can be and the extra benefit with renting an office space from Van Nuys Offices with one of their short-term contracts  It also allows convenience and flexibility, which are both essential things when a business is in its fledgling state. Shop around, take a look at the deals – it could be the best thing you’ve done to date.

    A Virtual Office

    Virtual Offices in Van Nuys
    Virtual Office

    Is your business on a standstill? Do you feel that if your business had a commercial office your client list can have a chance to grow?  Are you in extreme need of an office space—but not quite prepared for the financial commitment of a full-time office lease? We know that companies sometimes get caught mid-step when growing to the next level. That’s why we developed a new space solution for overcoming this common situation.

    Virtual office is gaining immense popularity because of the long list of benefits that come attached with it. With no leasing or building fees, security expenses to be incurred, virtual offices can be really cost-effective. As mentioned earlier, your business can get a prestigious address in one of the major cities across the globe, without the need for you to leave your current location. This can be a great benefit for businesses with a small-budget. A virtual office gives an organization more flexibility and efficiency in its operations. Your business can work with employees spread across the globe. What’s more, you do not have to supervise them.

    The best time to go for virtual offices is now. A business that can do without a traditional office space should immediately opt for a virtual office. If you are interested in a virtual office then give us a call and one of our representative will be happy to go over the details of a virtual office http://www.vannuysoffices.com.