Thinking of starting a small business? You’re certainly not alone. Small businesses are on the rise in America; according to the U.S. Small Business Administration, the number of small businesses has increased by almost 50% since 1982!
However, despite the surge in popularity over recent years, starting a small business can still be a daunting challenge to the entrepreneurial-minded individual. With lots of initial hurdles to overcome, many small businesses fold within the first year.
But there’s still plenty of hope! By maximizing revenue while minimizing overhead in those early years, many small business owners can set themselves on a solid foundation for success from the start. Do you need the biggest and best equipment on Day 1? How much space do you need for your workforce? Can you live without that can’t-live-without software for a few months? Putting together a plan that accounts for immediate, short-term, and long-term needs is essential, especially when it comes to finding an office.
While it can be tempting to sign on the dotted line for a new workspace immediately, there are tips that every small business owner should take into account to increase your survival rate right off the bat. Here are the top 3 ways to make the most of an office space on a budget.
For any entrepreneur, moving into your business into its first office can be a daunting task, especially as there are a range of issues to keep in mind that can range anywhere from logistical to legal.
Any office relocation should be strategically planned and executed to prevent last-minute hurdles. This blog post will help you examine some of the crucial issues that come with moving and how to deal with them as well as access the following six areas.
Moving to a new office space is an exhilarating and important step in any growing business. Whether undertaking a remodel of an existing office space or constructing an office building from the ground up, the process can often prove more expensive than anticipated. Savvy business owners will stack the odds in their favor by selecting an experienced general contractor for the project who can help keep construction costs under control. Here are five unexpected costs you to be on the lookout for when remodeling or building a new office space.
By Felicia Baratz
Appearance may not be everything, but it counts for a great deal, and presenting a professional image is important for any business. If your office needs some sprucing up, some effective remodeling basics can be done without spending a bundle. Whether it’s flooring, painting or reorganizing, a do-it-yourself approach can allow you to do exactly what you want and within your budget.
Some simple remodeling projects can be done without professional help. Following are some of the ways you can improve your office environment without spending a fortune.
David Bakke is a small business owner based in Atlanta. He writes about his experiences and shares his business and personal finance tips on the blog, Money Crashers.
So you’re an aspiring entrepreneur, and you’re looking for ways to shine. Whether you have unlimited funding or are on a tight budget, the best method to build profits quickly is to trim expenses. Before I run down some areas in which you can do just that, here’s how I started my own business:
Location, location, location. We hear these words constantly from real estate consultants and it couldn’t ring more true. The location of any commercial business, whether big or small, can have a huge impact on its success and productivity.
If you find an ideal office space at a great price that’s 20 miles from the area where you conduct most of your business, you’ll probably find that it’s not such a great deal after all. Ideally, you want your headquarters to be in a place where you can attract both clients and employees and in a location that offers amenities and networking possibilities.
In the first year of your business’ life, the success of a small company hinges on lowering its overhead expenses which can make all the difference between insolvency and survival. To ensure that your business stays as financially lean as possible, take the following six tips into account when creating and establishing your company budget.
Cut Your Staffing Costs
We’re a pretty close knit bunch here at MyCorp. Everybody knows everyone pretty well and gets along. But our team is also pretty small and since we aren’t a large corporation, sometimes a couple of us wonder what our lives within a more global company might be like…
There are two different first impressions that come to mind. The first is Google headquarters based. Picture bright colors, ping pong tables, free food and drinks, and flip flops. Laidback and interactive while still getting the job done. The other comes from the film Office Space. Hours of sitting in traffic, hours of sitting in a cubicle, a copy machine that doesn’t work, and a mountain of pointless “TPS reports.” The worst case scenario, as we all voted and agreed on. Continue reading
The home based business dilemma.
Imagine – no commute, having time to read the newspaper, coffee brewed just as strong as you like it. Sounds nice, right? Then reality sets it – laundry, dirty kitchen, dog, kids, and so it goes. Working from home often presents a bitter-sweet dilemma. Here are three aspects to consider when working from home. Continue reading
Offices are a bit funny when it comes to Halloween; they are one of the only places where it is really appropriate for a group of adults to dress as mythical creatures without there being any alcohol involved. Dressing up for the office is a pretty deeply held tradition, and while some dial it in with a Scream mask (who still watches Scream anyway?) others take it upon themselves to be the most celebratory person in their office. But if you’re someone caught in the middle, and not quite sure what the heck you are going to do in a week, here are a few tips.
This guy is REALLY into Halloween in his office.
Try and think Office Space, not The Office.
We love The Office. Really, it’s a great TV series and a lot of good episodes came out of it. But it is also eight years old, and dressing up like Jim is getting to be just as stale as some of the later story lines. Besides, how hard is it to put on a white shirt, slacks and a tie? Most people dress like that anyway, so if you go the Jim route, brace yourself for questions as to why you didn’t dress up. Continue reading