4 Points To Consider Before Selecting Your Business Office

Are you thinking about investing in your new business office? This is a big decision for your company and that means that you need to consider your options carefully. Here are some of the key possibilities that you should keep in mind and the reasons why they are so important. 

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Is It Secure?

 

First, you might think that no one is going to target a small office used by an SME or even a solopreneur. Don’t be so sure though because if they think you don’t have the right security measures in place then you will look like an easy target. That’s why you need to make sure that you explore the right options in terms of security. For instance, you should consider whether the business property has CCTV systems in place. This should give you the peace of mind that your property will be safe even when you are away from the office. It’s certainly advised if you’re buying rather than renting. 

 

Is It The Right Location?

 

Next, it’s worth thinking about the location of your business. The location is important because it will help you attract the right employees as well as the right clients. Most employees aren’t going to want to work for you if there are no transport links, zero infrastructure and they’ll be looking at a difficult commute. The wrong location will also make it difficult to gain new clients through foot traffic. It’s always going to be more expensive to buy a property in a built-up area. But it can be worth it due to the number of clients that you will attract overtime. In the long run, this might help you gain larger profits. 

 

Is It Safe?

 

You can’t forget about safety when you are choosing your business office. Don’t forget, when you run a business property you are liable for any accidents or incidents that occur there. Slip and fall attorneys will tell you how much businesses can lose when they don’t take this into account and take premises liability seriously. You can have damage claims in the hundreds of thousands which is incredibly dangerous for an SME. It can easily knock you out of the running. The easiest way to avoid this is to ensure safety is a top priority. Check your office for any potential hazards long before you decide to sign on the dotted line. 

 

Does It Look Professional?

 

Finally, you do need to think about the look and aesthetic of the building. It’s more important than you realize because it can determine whether you are able to win over that crucial client. It could be the difference between choosing you and a key competitor. So, how do you guarantee that your clients are impressed with the office? Well, you need to make sure that you choose one that looks and feels modern as well as sophisticated. If you do this, then you will demonstrate that your business is poised for the future and that’s exactly what your clients want to see.

Four Things To Have For An At-Home Business

Being able to have an at-home business is something that can be seriously liberating. You can be your own boss and set your own hours according to what works best for you. Here are four things to have for an at-home business.

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An Office Set-Up

Firstly, you want to be working in the right environment as it can certainly matter in terms of the mindset you need to get in when working from home. There are a lot more distractions when you have a home office, and if you allow yourself to procrastinate, you’ll likely get very little work done in the process. So starting yourself off with the right office set-up is a must. Think about what you need in order to allow your business to function at its best, and that might mean you need to invest in a few things with your money before you can start. Investing in a business, regardless of where it’s located, is important. Make sure you have money to invest before moving forward so that you can properly set yourself up with the essentials like a desk, computer chair and computer. That way, you won’t be working uncomfortably on a dining table chair or sofa.

 

A PO Box

Personal addresses are something that you shouldn’t be giving out to everyone and anyone. And instead of using your personal address for business correspondence, you might want to get a PO Box in the meantime. There are lots of cheap online po box services available, and these can also make your business appear more professional until perhaps you have the ability to move your business to a commercial space that’s not your own home.

 

Know The Legal Requirements Needed

Some businesses need to be considered in terms of their legality, and that’s something that you should consider when working from home. If you’re making your own alcohol, for example or producing your own skincare or beauty products, there’s going to be a lot more processes that you need to work through. When it comes to your customers using it on their body or ingesting it, you’ll need to ensure that you’ve done everything you should have done to protect yourself legally. 

 

Have Space For Any Inventory

A space for your inventory is important when you’re selling products. In your home, you might have a limited space to work with, so it might be worth expanding your property through a loft conversion or hiring some outside storage space to keep your excess stock in. As a business, you’re going to want to have a backup of inventory ready in case your company gets very popular overnight and starts accruing masses of orders.

 

Having an at-home business has its challenges, but if you have a great idea for a business and can work hard, it can provide you with a very satisfying and fulfilling career. Use these tips to set you up properly from home so that you can go forward with an organized attitude.

 

4 Important Lessons To Learn In Freelancing

When people think about the future of the business world, they often look to concepts like automation or potentially even machine learning. It’s true these are going to have a part of play in the business world of tomorrow. However, there’s another concept that is rapidly becoming key and that is the gig economy. If you don’t know what this is the gig economy is basically the collective term for freelancing. Rather than working on a permanent or long term contract for a business, you will instead work on your own terms. 

 

This does provide a lot of benefits. For instance, it’s a more flexible situation and it theoretically means that you can switch jobs whenever you want. You could also take on multiple positions as a way to boost your income. Some people will be able to work from home as freelancers while others will find it more beneficial to work in an environment like a hot desk. It largely depends on whether you can remain productive in a completely private environment. 

 

There are benefits for the employer too. They will be able to ensure that you are able to keep costs low and we’re going to explore why this is. Some reports suggest that the gig economy could cover 50% of the total workforce by 2025 in America. To be prepared for this change and the role that you might have, there are some lessons to learn here. So, let’s explore a few key considerations. 

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Employer Responsibility 

 

This isn’t quite the same as when you are working on a full-term contract. For instance, one of the key changes to keep in mind is based on your physical or emotional well being. Let’s say that you are working for a business on a contract and you develop RSI. RSI is probably one of the most common injuries experienced by office workers today. It comes from working long hours without breaks, often in the wrong environment. 

 

You might be wondering whether you could take action against the business that hired you and the answer is it depends. If you are operating from home then you won’t have a leg to stand on here. They won’t have any real responsibility for your physical well being because you will have chosen your own environment. You can say that the contract required long hours without breaks. However, as a freelancer, you choose the contracts that you take on so this doesn’t really hold water. 

 

On the other hand, you might be working from their office. If that’s the case, then you might have a stronger case. A law firm like Alvine Weidenaar, LLP that specializes in personal injuries could be in the right position to help you out here. 

So basically, it depends on your unique set up how much responsibility your employer is going to hold. Usually, though one of the benefits of hiring freelancers is that business owners can avoid this particular headache for better or worse. 

 

Networking 

 

To succeed as a freelancer you need to know how to network effectively. Essentially, you will be your own personal agent operating for yourself to ensure that you are going to have the right strategy in place.

 

LinkedIn can be a great place to start here. While you won’t need all the social networks when networking, LinkedIn provides the clearest avenue to connect with individuals in the business world. It also ensures that you can rub shoulders with the right people. Be aware that there are also platforms specifically for freelancers to use. 

 

One of the issues to consider here is that they are highly competitive. You will often need to fight to rise above those who are seeking out the same clients and projects as you. You can also get into price wars where you will be up against those willing to work for a lot less than you can perhaps afford. This is certainly one of the rougher elements of freelancing that you will be forced to face. 

 

Slow Down 

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You might think that being a freelancer isn’t going to provide you with that much stability. In a way, this isn’t the case. You may actually find you have more stability if you know how to approach this model the right way. However, there are certainly going to be challenges that you will face. 

 

For instance, you do need to consider the issue for the slow down. Just like with any business there are periods throughout the year where the demand for particular freelancers will rise and fall. For instance, writers are more in demand through the festive season when there are more marketing opportunities. Through January to March, the businesses tend to hold off spending as much money in this area. You need to be prepared for this and the budget to compensate for the change. 

 

In other words, you can’t afford to leave yourself in a position where you are struggling because you weren’t prepared for a downturn. 

 

Tax 

While employers are able to shift responsibilities as a freelancer you will have more to take on. One of the biggest responsibilities you will have is always going to be handling your own tax. Tax is something that stumps a lot of people and with freelancers, it’s a little more complicated. You’ll basically be operating as a little business. You will need to make sure that you are paying for your tax the right way. 

 

It’s important that you don’t make any mistakes here. Otherwise, you will be penalized and you’ll be forced to pay up. Complete your calculations carefully and consider using an accounting solution. You probably don’t want to shell out for a professional accountant and you don’t really need to. Instead, you will be able to make sure that you simply use a cloud service to keep track of your earnings in real-time. 

 

We hope this helps you navigate some of the challenges of being a freelancer that you may encounter when you are operating in this business model. It’s best to be prepared for the biggest changes here. 

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