Choosing the right Virtual Office is a multi-step process that is similar to what one goes about when choosing a traditional office space, or other alternative serviced workspace. The first step is to choose the right type of Virtual Office. Do you just need an address and mail receipt program? A VO provider that can also answer your phones in a customized fashion? Perhaps you need both an address and a phone answering package… and may also need a place that offers hourly or daily office, meeting or interview rooms space. Or maybe you don’t even need or value an address and phone plan, and really require a conference room & meeting room package that offers a variety of touchdown, open or enclosed office space usage options? For all of these needs, keep in mind that you can call Davinci Virtual to get a solution that works for your business.
So you are thinking about starting a small business? There are many things to consider. What will you call the business? Will you incorporate as an LLC, a partnership or a corporation? What is your value proposition? Will you need employees? How many?
There’s a lot to consider and although this article can’t possible cover all the issues—there are scores of books written on this topic—we’ve turned to our experts for insight into some of the most important things to consider before starting your business.
- Do you have the resources?
You may have a bright idea, but do you have the resources to launch it out? John Turner, founder and CEO of UsersThink, a tool that delivers feedback on demand for website landing pages, says this is a key issue to consider before you get too far down the road.
Well, we all know about ‘trickle-down economics’ – the theory that if the system favors the wealthy and higher-ups, that those lower down the ladder in society and the job ranks would benefit from a cascading or ‘trickling down’ effect. As the well-heeled loosen their purse strings thanks to their financial wherewithal to spend and reload, comfortable knowing that their piggy banks would keep refilling at a relatively consistent pace, the process restarts yet again. Unless you’re at the top of that totem pole, you’re probably not a big fan or defender of the wisdom and results of that business and economics model – especially if you’re a Walmart cashier or stockperson, or are a comparable station-mate in life.
- Throw a Party
Nothing boosts morale like a good celebration. So throw a party for your office, but makes sure to keep it reasonable. Go ahead and tell your employees to invite their loved ones as they’ll be considered tax deductible as well. Fun activities such raffle-style door prizes are another way to add to the fun without going bust.
*One thing to be aware of is independent contractors. You may only be able to deduct 50% of their costs.
- Relax to the Max
Bring in a massage therapist, yoga instructor, or other professional of the like to conduct a therapeutic session. An over-worked and stressed out work force can lead to poor performance and bad health. Boost morale by adding a change of pace with this 100% tax deductible activity.
- Snack Attack