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.
Work lean and smart, be agile- and don’t waste money. That’s the mantra of today’s millennial workforce and entrepreneurial whizzes — and why signing on at cost-effective Virtual Offices, Touchdown Spaces and coworking Spaces is so popular, mainstream and gaining momentum.
More and more people are realizing that you don’t necessarily need the expense and headache of renting and maintaining a fancy, status-legitimizing, full-time office anymore … and that in many (not all) instances, having a flexible, mobile workspace arrangement is the wiser road to success. An impressive, dedicated office is a luxury that is no longer the ‘must’ that it once was in previous work generations, since what you’re largely paying for is space and real estate that you may only use 25-50% of the time — hardly a winning work-way to spark optimal profitability.
In today’s ever-exploding Serviced Workspace sandbox, coworking is the Cat’s Meow. There are so many advantages to considering this workspace and work-way alternative that is ideally suited for many, but not all, in today’s emerging workforce. Is it right for you?
We live in a highly mobile, work-anytime/anywhere universe, where advancing technologies place power and portability in our hands via handheld and laptop devices. This, coupled with accessible, satisfactory bandwidth sources are meeting the demands of today’s burgeoning nomadic work tribes on-the-run that value reliability, austerity and instant plug-and-go ability.
No longer is a permanent, enclosed (sometime status-indicating or hierarchal perk) private office per employee, or even a designated desk-space, a ‘must’ for employees of companies, or for solopreneurs seeking the legitimacy of a dedicated workspace. The business universe understands that today, companies and people need agility more than they need a full-time, top-dollar, static office that may only be used on a part-time basis, hence they are more accepting, than in previous generations, to view ‘in-and-out’ coworking and Virtual Office users as savvy, lean-working practitioners in a world that now generally values workers and freelancers being fleet-of-foot more than being hunkered down in a stable and static 9-to-5 office and existence.
Start a Business or Continue Your Education? Why Not Both?
It’s back to school time—again, but you have business aspirations. So what should you do? Start—or keep working to grow—your business in this season or head back to school to get the skills you need to take it higher? Why not both?
You can start a business while you are still in school—and you can go back to school to sharpen your skills while you are running a business. Indeed, whether you are a Millennial or a Baby Boomer, others have gone this way before and have plenty of advice on balancing these two arenas in a way that leads you down the pathway to greater prosperity.
4 Things You Need to Know
First, let’s talk about what it’s going to take. Don’t expect a 9-to-5 life if you are going to dive into back-to-back goals.
Meetings: Wasted Time and Productivity
Meetings consume a substantial chunk of the workday. For example, the National Statistics Council found that 37 percent of employee time is spent in meetings. Yet, almost half (47 percent) believe, of all of their daily activities, meetings are the biggest waste of time. This is more than social media and even email!
When you begin to do the math, it becomes patently obvious that your meetings need to be fully optimized and run at maximum efficiency. Unproductive meetings and inclusion of participants who aren’t needed directly impact bottom-line results. Consider the following for a company of 10 employees who spend 37 percent of their time in meetings. Assuming half of those meetings are a waste of time and an average employee salary of $60,000 annually (a conservative number), you’re squandering $111,000 a year, or over 10 percent of what you’re paying employees!
Always On, Even During the Summer
Summer always brings much travel—both professional and personal. And for solopreneurs and small businesses, work never stops, regardless of whether you’re traveling for work or leisure. Indeed, 40 percent of small business owners indicate they’re “always on.” Yet, almost the same percentage indicate they take 16 days of vacation each year. All of this adds up to a lot of time outside the office or your typical workspace.
You likely already have plenty of challenges on your plate. Introduce the complexities and distractions that come with travel, and time becomes a precious commodity when you’re traveling, and optimizing the time you spend working is crucial. You also need all of the business tools and services that you have in your “home” office at your fingertips, not to mention a distraction-free environment that allows you to focus on what is important.
Industry royalty from both sides of the Atlantic turned out in droves to celebrate the 50th Anniversary of the Serviced Workspace Industry at the recent BC@50 milestone event. This event coincided with, and was held as the theme of the 11th Annual WANY – Workspace Association of New York — Educational Conference in New York, magnificently hosted by Silver Suites at the World Trade Center.
Among the many deserved industry luminaries that were honored for their lifetime achievements in the industry at BC@50 were Pinnacle Award winners Martin Senn, CEO of Davinci Virtual Office Solutions; Jennifer Brooke, Executive Director of the UK’s BCA (Business Center Association); and Frank, Gail and Troy Fabish as the First Family of the U.S. Serviced Workspace Industry for its first half-century.
Challenges of Summer Travel
Professional and personal travel always increases during the summer months. Yet while you’re on the road or taking some much needed rest and relaxation, your business doesn’t take a break. You still need to manage your communications—from call routing to voicemail, you still need to schedule meetings,book conference rooms, and you still need to find and book a day office so that you can get some focused work done.
Getting your laptop out or logging onto the Internet from a hotel workstation takes away valuable time. Plus, for most on-the-go professionals, you don’t have time to stop and do so.
Mobile Is the Answer
But then there is your smartphone. It makes a lot of sense. We spend an average of 174 minutes on them every day, doing everything from basic communications (email, instant messaging, etc.), to informational searches, to shopping, to various business tasks. Indeed, more time is now spent online on smartphones than desktops and laptops, and the discrepancy will only continue to grow with annual mobile utilization expanding at more than 75% each year.
Davinci Preferred Network Partner Rockefeller Group Business Centers Realizes Increased Revenues and Higher Margins
Rockefeller Group Business Centers touts three workspace locations in prime New York City real-estate: Rockefeller Plaza, Fifth Avenue, and Wall Street. Founded in 1994, the business center’s innovation and experience mirror that of its parent company—The Rockefeller Group International, Inc. In its three New York City locations, Rockefeller Group Business Centers provides fully serviced office space, executive suites, virtual office plans, and meeting rooms.
Joining the Davinci Preferred Partner Network
Seeking ideas on how to increase capacity and grow its revenues and profitability, Rockefeller Group Business Centers elected to join the Davinci Preferred Partner Network a little more than seven years ago. “Initially, when I signed up with Davinci, I was skeptical about what results could be achieved,” says David Jakubowski, the director of sales and marketing for Rockefeller Group Business Centers. “But with no upfront costs and Davinci assuming ownership of advertising and marketing, I figured there wasn’t anything to lose.”
The impact of mobile is far-reaching when it comes to how work is performed. A recent study reveals that 44 percent of workers check their mobile devices at least 40 times each day for email and to pick up incoming phone calls. And while the majority of workers indicate mobile improves their productivity and saves them one to two hours a week in time, they also note that they work outside of the office one to two hours every day. And while about one-third believe their mobile devices improve their work-life balances, about the same percentage believe they actually have negative repercussions.