3 Simple Steps to Starting Your Dream Business Today

You’ve got a dream in your heart to launch a business venture that will change the world—or at least change your world. Whether you’ve tried and failed in the past or this is your first venture into entrepreneurship, it’s time to dream big and take purposeful action.

Here are three principles for success as you set out to start your dream business:

  1. Incorporate online instead of hiring an attorney. I’ve started a number of corporations myself in a matter of minutes online. I’ve also hired accountants and attorneys to start corporations and paid upwards of $5,000. It was a waste of time and money. In most states, you can start a corporation online for less than $100 with no attorney or accountant involved.

Google the phrase “incorporate a business online” and add the name of your state and you’ll find the appropriate site to get up and running toward your dream today.

Read more

Dreaming of a startup- We have some Shark Tank Tips for You

Building your own startup isn’t an easy process. If anyone tells you different, they aren’t being honest. There are an enormous number of variables at play, and unfortunately sometimes luck isn’t on your side.

Between funding, market health, brand awareness, staffing, and consumer recognition, building a company from the ground up is always a gamble. The hard data tells the same story. Depending on your definition of success, anywhere from 40-90 percent of startups fail.

So why then, is entrepreneurship on the rise?

Well, independence for one. The ability to control your own destiny is very appealing to many Americans. Then there’s the 10-60 percent of startups that actually succeed. These are the companies glorified on investor television programs such as Shark Tank.

Read more

8 Ways Small Businesses Can Stay Organized in 2017

Small businesses are the engine that drives the U.S. economy. Employing 55% of all workers, 28 million small businesses account for 54% of all sales in the country today. And the future of small businesses is bright: they have created 66% of all net new jobs since the 1970’s and have increased in number by 49% since 1982. When compared to their much larger counterparts, this success stands in even greater light: mid-size and large businesses have eliminated four million jobs since 1990, while small businesses have added eight million new jobs.

Wow! These are some pretty impressive statistics. Small business owners should take a moment and congratulate themselves for all of this success. But they shouldn’t take very long; it takes a lot of organization to run a small business. Indeed, those that succeed often are the ones that are the most organized. With better organization, a small business can focus on strategic initiatives and its customers.

Read more

12 Ways to Show Gratitude to Your Customers—365 Days a Year

During the winter holiday season, many businesses turn their attention to showing gratitude toward their customers—for their business, loyalty, and even advocacy. Simply saying “thank you” isn’t enough. Businesses need to seek out opportunities to show their gratitude to customers in fun and memorable ways. The following are 12 ways that you can show your gratitude to customers, not only this holiday season but all year.

  1. Write a personal note. Making the extra time in today’s digital world to write a personal note to your customers. It will make a big difference in your customer’s day.
  1. Educate your customers. Know your customers’ businesses and deliver content that educates them and gives them new ideas that enable them to develop new revenue streams, deliver better customer service, increase operational efficiencies.

Read more

The Power and Value of Showing Appreciation to Clients

Let’s face it, BCs and Serviced Workspaces are smack dab in the middle of the High-Hospitality industry — and in fact it’s the highest of the High-Hospitality business models since it serves its clients for days, weeks, months and years on-end. This is not just for an hour, or a day or two here-and-there, such as what Hotels, Car Rental agencies, airlines, restaurants and even resorts like Disney do.

And with the territory of being the premier High-Hospitality industry comes the responsibility to show appreciation at any, and every turn. It’s more than just providing service — more than fielding and fulfilling customer service requirements. ‘Hospitality’ requires initiating a friendly interaction. It’s pro-active, whereas customer service is re-active. It’s extending a helping hand or compliment, and not waiting for the client, guest, tenant, member or neighbor to initiate or be left hanging expecting it. And the centerpiece … the fuel that drives the engine of an ongoing, fruitful, professional, winning relationship at any business, and especially at a High-Hospitality business such as at a Business Center or Serviced Workspace — is demonstrating appreciation.

Read more

8 Psychological Factors That Foster Integrity Through Face-to-Face Meetings

Virtual video conferencing is quickly becoming the norm and a substitute for face-to-face meetings in many instances. However, there are some things that you don’t leave to chance. Face-to-face meetings with your customers and partners are one of them. These meetings give you a chance to establish a rapport and bring a certain sense of integrity to the relationship that is only possible when meeting in person.

Not convinced? Let’s take a look at some of psychological factors that occur in face-to-face meetings that cannot always be achieved via other forms of communications.

  1. Non-verbal Cues. 95 percent of the effectiveness of communications is determined by non-verbal cues (e.g., hand gestures, voice quality and volume, facial expressions), many of which can be construed only in face-to-face meetings.
  1. Human-to-Human Contact. Human contact is a basic need of human beings. Individuals need personal contact with others to satisfy primitive psychological needs, something that digital interactions cannot address.

Read more

The Responsibility, Importance and Expectation of Integrity in The Serviced Workspace Industry

An industry is not truly an “industry” unless it has a clear definition and useful purpose that involves multiple users and providers. Anything short of those parameters renders the activity or entity as simply being a company or a service — perhaps a useful one on its way to being an industry – and does not raise to the level of a full-fledged industry. Furthermore, a key underpinning of the industry, and how it will progress, succeed and be regarded, is how it regulates itself, plus the value and ‘values’ it brings to the marketplace and/or to the greater platform of a consumerist society. Integrity as an integral component of industry, just cannot be undervalued.

Read more

Staying Motivated to Hit Your Revenue Goals

So you’ve set revenue goals for your business. Congratulations! You are well on your way to hitting your target just by taking the time to write down your goals.

Of course, now you have to execute a plan that carries you to the finish line—and staying motivated on down weeks can be a struggle.

“You never know what is going to happen. Just the other day I had a one call close. It can happen,” says Alison Powell, a sales rep at the inbound marketing firm HubSpot. “Don’t slow down because you never know if you are going to get that prospect on the phone who can buy right then and there because the timing is perfect.”

Dean Robinson, CEO of Redmans, a family business advisory firm based in Sydney, Australia, says setting goals for revenue and growth in any small to medium business is much like trying to lose weight. He suggests three rules:

Read more

Things to Consider Before Hiring a Small Business Consultant

Running a small business can be a lot of work. Many small business owners have not trained specifically to run a business, and for many it is also the first business that they’ve owned. Without past experience running a business, even the smallest details like creating your business cards can become sticking points and threaten to trip you up and disrupt the flow of your business.

That’s where consultants come in: consultants can allow a small and inexperienced business owner to make strategic and prudent decisions. However, hiring the wrong consultant can be an expensive and time consuming mistake. We’ve outlined the steps that you need to consider before you hire that business consultant in order to minimize the chances of losses and mistakes.

Step one: do your research

Read more

Work/Life Balance: The Latest, New Trickle-Down Business Practice That’s Anything But “New”

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.

Read more