POST CATEGORY : Management

How Having Competitors Nearby Can Help Your Business Grow

Business owners in general avoid locations where there are competitive businesses, wrongfully assuming that the more similar businesses there are in the area the fewer clients/customers there will be for them. And naturally, fewer clients or customers translates more often than not into lower profits.

Competing shops

But even though this conviction may make sense at a first glance, it’s not entirely true. On the contrary, it has been proven that having competitors nearby can actually be beneficial and help your business grow.

Here are a few examples how you can benefit from choosing a business location within a short distance of your ‘business rivals’:

Attract more clients/customers

Areas with high concentration of similar businesses within a short distance from one another often tend to be associated with those particular businesses.…

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Virtual Office: Mail Service Only or Full-Fledged Service?

If you find yourself reading this, it’s likely you’ve been considering renting a virtual office for a while. Making the move to a virtual office is a decision that shouldn’t be taken lightly, just as you wouldn’t rent the first physical office your Realtor shows you. For all intents and purposes, the virtual facility you rent will be listed on your website, marketing materials, and government business registration profile.

Businesswoman working in a virtual office

Some CEOs rent a virtual office merely to legitimize the business, receive official mail, and have it forwarded from the virtual location to their actual location. However, that’s not all a virtual office service can offer.…

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How Much Can You Save when Using Virtual Office vs. Physical Office?

The goal of any business is to generate as much revenue as possible while servicing their customers to the very best of their ability. A virtual office is a great way to save tens of thousands of dollars per year in office expenses. Virtual office rental accomplishes this for many businesses by offering a physical office for important meetings, a private place to work as needed, and mail drop off/forwarding that adds a level of professionalism to any business.

Save money on staff

After all, where you reside says a lot to customers about how much value you can offer. Setting up a Virtual Headquarters, you get the prestige of the virtual location you rent, without all the expenses.…

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Virtual HQ in Australia: Sydney or Melbourne?

Ready for world domination? No business plan is complete without defining where your headquarters will be located. If you’re like many modern entrepreneurs, you’re interested in a virtual office. These virtual office spaces are hosted in physical spaces but offer a number of benefits that serve your business around the clock. It won’t matter where you are or what you’re doing; they offers Virtual Services you need to keep your company running 24/7.

Australia

You likely already have a list of reasons why you want a virtual headquarters, but now you’re delving into what could be your most serious decision yet. If you’re looking to put down a headquarters in Australia, you’ve undoubtedly got your eye on two of the country’s top cities: Sydney and Melbourne.…

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3 Ways Asset Tracking Efficiently Helps Your Business Get More Done

RFID tracking and QR tracking tags are two forms of technologies that make it easier and more time-efficient for tracking assets. Why is managing your assets efficiently, via automated processes and management software, instrumental in optimising the facility’s workday?

Asset tracking

If you have a few minutes to spare, I’d like to share a few ways with you about how asset tracking systems benefit your facility and organisation’s bottom-line income and profits (Not to mention making your workers’ lives easier.)

1. Keeping The Books Straight

Proper accounting (known as ‘balancing the books’). Whether you’re tracking digital assets, physical or intangible assets, having accurate books (in the hands of skilled accountants) is paramount for ensuring projects are completed on time.…

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Playful Spaces: Why The Office Won’t Just Be About Work

Dogs, slides, park benches, and swings. These words are often associated with outdoor parks and playgrounds, but never offices or corporate spaces.

This is changing.

The line that separates office and play blurs everyday. With a vibrant array of furniture, unique installations, and pet-friendly spaces, modern offices are becoming more like indoor playgrounds; with some work still required.

So why are dull and drab offices becoming more fun and sprightly? With technological advancements, many employees are choosing to work remotely. Yet, many organizations still understand the allure of workspaces being a place for employees to gather. As a result, companies are making their offices more appealing, creating incentive for employees to come to the office.…

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3 Things To Do When You Feel Like You’re In Over Your Head At Work

It’s not uncommon for people to occasionally feel more stress than normal regarding their job. But in most instances, this stress eventually subsides once that deadline passes or that presentation is over. However, some people may come to find that they feel like they’ve bitten off more than they can chew when it comes to their current job. They may be unqualified or ill equipped or simply unsure about how to proceed in that position. When this happens, it can be paralyzing to your self esteem and your career.

Work stress

So to help you move through this, here are three things you should do when you feel like you’re in over your head at work.…

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The Next Level: 4 Signs It’s Time to Expand Your Small Business

In the highly competitive world of small business, finding a way to carve out a niche in your industry is vital for success. According to recent studies, economic uncertainty is the main factor that prohibits small businesses from growing.

Business expansion meeting

If you are like most business owners, you have a number of ideas you want to put into practice. When the time comes to grow and expand your business, having a game plan in place is essential.

Generally, you will need to secure a business financing loan to fund this type of growth. Working with an experienced and reputable lender is the only way to ensure the loan you get is the right fit for your particular needs.…

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Bringing the Outside In

Some companies just love festooning their hallways, reception areas and meeting rooms with flowers and other plants. The sight and smell of greenery (and any other colours you care to throw into the mix) elevates the feeling in a building and, according to NASA, living plants help to filter out airborne pollution.

Employee working in a green workplace

Other companies think that a floral touch is too frilly and makes the place look fussy and unprofessional; they may also see caring for plants and buying in new flowers each week as unnecessary expenses. On balance, though, if you’re looking for offices to rent in Teddington, you’d be best served by bringing in a bit of the green stuff.…

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The Location of Your Business is Crucial

Whether you are opening up a new shop or relocating your existing business, where you decide to go is essential to the overall aspect of your business. The right location can both boost sales and keep your doors open, or it could end up making you close the doors.

High street

There are many factors to consider while you decide where to locate your business. From operating costs, accessibility and even taxes, these all influence the overall performance. Whether you are looking in a small town or at real estate in Calgary, the same goes for both.

Here are a few reasons as to why you need to seriously consider your location before you open up the doors.…

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