Tag Archives: home business

An Advantage of Moving to A Traditional Office

There are plenty of great reasons to set up a home office. One of the perks of working from home is being able to take breaks when you want to, spend time with family, etc. However, this can quickly eat up your day without you realizing it. There’s nothing worse than picking up the phone with an important client and having a knock on your door or your child ask for something.

But as your business expands, you might begin to feel a little cramped in your home office. If, for instance, your “office” is little more than a desk packed into one corner of your living room, then it won’t be long before your freelance life—printers, paperwork, contracts, and file cabinets—begins to invade your personal space.

That’s when you know it’s time to go out and look for a small office space for lease. Establishing an office that runs efficiently requires accurate calculations of the space needed and what is affordable.

There is credibility that comes from an office with a business sounding address. For example, you nothing about two consulting firms. You only know that one consulting firm everybody worked out of their homes and the other firm had an office in the building next to the courthouse, you were a serious buyer of consulting services, from which consulting firm would you purchase consulting services?

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How to Know Your Home Business Needs an Outside Office

small home office
cramped office

It can be complicated in determining when is the right time to move your home-based business to a separate office space in.  Moving too soon can result in overhead that is outside of the current cash flow ability.  Waiting too long may result in loss of customers or jobs. Operating out of the home can be a big plus for many small business owners. By significantly lowering your overhead expense, you can improve your profit margins in good times and reduce your risks if the business cycle heads down. 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.

There are a few signs that let you know it’s time to go out and look for an office space.  For example:

Interruptions:        

  • Dogs barking and family members needing your assistance will not only minimize your productivity but can be heard on calls and conferences. While most understand the demands of juggling business and home life, constant interruptions and background noise are not necessarily helpful when you’re trying to project a professional image.

Outgrown Space:

  • Businesses that need a great deal of space or that need bulky equipment are obvious candidates for outside offices. But some businesses that don’t need to be operated from outside offices can benefit from them.   You’re struggling to fit the new printer but you’re struggling because there just isn’t room between your file cabinet and the queen-sized bed that also sits in your office.   Maybe you do need a larger space that can be devoted just to your business.  Piles of equipment or papers that are interfering with either your work or your family life also send a signal that it’s time to consider an outside office.

Space for Clients:

  • When a big portion of your business involves meeting with clients, you may need more than just the local coffee shop. When you want to present to a larger group or need a truly professional meeting space, you’ll need to find something a little more appropriate than a café. One option is to rent office space – you’ll get a set amount of hours in an office, along with access to a conference room.

 

Most  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.

Some businesses operate most efficiently when they are located close to customers, suppliers, or certain other facilities or businesses. For example, law offices are often located close to the county courthouse, in part to minimize the time spent running back and forth to court. Also, 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 fly-by-night operation, and more likely to be able to deliver on guarantees.

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?

    Success
    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.

    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

    Taking my Business Virtual

     

    Virtual Offices in Van Nuys
    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.

    A virtual office is a great solution for traveling salesmen. These businessmen travel regularly in search of clients and mostly work from their cars. A virtual office also allows you to be found on Google places since you will have a real business address. You can use the address on your business cards instead of giving out your home address to strangers, increasing your security and privacy. Having your home address listed on business directories can open the door to clients showing up unexpectedly, unhappy clients stalking your home and burglars visiting. Google street view even provides a picture of the front entrance to homes.

    Anyone with a home based business knows that some distractions are unavoidable. Some clients might have a habit of dropping in on you, distracting your whole schedule. With a virtual office, you get to plan and choose when to meet them.

    When Apple was starting out in 1976, they worked in a garage while their calls were answered by a professional receptionist leaving them free to concentrate on their business.

    If you consider that a virtual office may suit your business needs then Van Nuys Virtual Offices can help you start on that dream business of yours from as little as $99.00 a month. For more information you can visit our website at http://www.vannuysoffices.com