Much has been written on the topic of Conference room space. With many entrepreneurs and small businesses foregoing permanent office space with conference rooms, they must find meeting space elsewhere. The use cases for Conference Rooms are myriad and include client and partner meetings, dispositions, brokerage signings, mediation sessions, and employee offsite meetings.
Some might say that the local coffee shop is the best place to meet. They are a bad idea, however, in many instances and include everything from distractions and lack of privacy to no conferencing or presentation tools.
Alternatively, the gut instinct of other entrepreneurs and small businesses is to opt for a hotel meeting space. But these also are bad ideas—starting with a cost that is 50 percent higher—or more—than a rented conference room. They also can present distractions and interruptions and lack the tools needed to execute a productive meeting. And if the hotel does have presentation tools such as microphones, podiums, speakers, and additional tables and chairs, they may charge extra for them. In this case, forget 50 percent higher. Rather, think 100 percent or more. Read more...
Around 70% of the workforce works remotely at least once a week; 53% work remotely half of the week. This is transforming the 9-to-5 workplace and workday—when, where, and how work takes place. It is being driven by demographic changes and digital technologies that close the gap between work performed in a physical office versus work done from a virtual office.
The Rise of Coworking Spaces
While a measurable portion of the virtual workforce performs remote work from their home offices, others either work from coworking spaces and/or day offices. Certainly, the move toward coworking space is gaining traction in the marketplace. Some businesses are shutting their permanent offices and moving into coworking spaces. Others are simply opting for coworking space right out of the gate. And these trends are gaining faster and faster momentum. Read more...
Open office coworking spaces are a growing trend — and for good reason. Not only does this alternative workspace serve as an affordable solution to scaling back overhead costs, but it also provides additional benefits and advantages for the modern day business owner.
If you’re thinking about using a coworking space, this list of pros and cons will help you make the best decision for you and your team.
Cons of an Open Office Coworking Space
It’s Not Yours
One of the biggest drawbacks to a coworking space is that it’s not really yours. You forfeit the option to customize your work space with your favorite desk accessories and pictures of your family.
Also, because it’s in a public space, you can’t leave your belongings at your desk when you leave. This means that you have to pack up your laptop, notebooks, and anything else you need to get your work done before and after work. Read more...
Regardless of your business’s location, industry or size, optimizing worker productivity is a discussion that your team should be having if they aren’t already. Productivity should be seen as a symbiotic result: for employees, increased output contributes to a sense of accomplishment and responsibility; employers, on the other hand, can enjoy up to a 21% increase in profits generated by highly productive and engaged team members. That’s why creating a productive work environment is an essential step in order to stick it out in the long run.
That being said, highly productive work environments don’t create themselves. Beyond hiring the right people, improving internal communication and better aligning leadership, your business should also employ new innovations that were specifically designed to help teams complete their goals more quickly and with less waste. Stay ahead of your competitors by learning more about some of the most impactful office innovations that are reshaping the modern business landscape. Read more...
Few professionals and businesses will claim meetings are productive and useful. Yet, it is virtually impossible to run a business without them. The upside is that there are ways to turn mundane, unproductive meetings into collaborative exercises that result in actionable and meaningful outcomes. The biggest cause behind meeting fatigue is tied to hosts who simply have not learned how to organize and facilitate meetings that are focused, engaging, and results-oriented.
Meetings that matter most are not those that are scheduled on a routine basis—occurring once a week or twice a week. Rather, the meetings that matter most are those that are not the reoccurring ones and moreover ones that take place offsite—away from the distractions and interruptions of the office. Read more...
“You never get a second chance to make a first impression”, you have probably read that phrase at least a few dozen times in your life. And although first impressions are very important, it is far more important that you maintain that great vibe throughout the duration of any relationship you would like to continue nurturing, whether personal or professional. You want people to perceive you and your business as reliable, professional, friendly, approachable, efficient, and valuable. All these attributes are impossible to fake.
Take your office space for example: does it convey professionalism? Do you have a place to hold a board meeting? Can you host a webinar? If you work in a coffee shop or from your home office the answer to those questions is clearly NO!
Remember that your clients and prospects will be sizing up your business from the very first contact and for the entire duration of your relationship with them. Imagine two different scenarios: Read more...
In an economy where it is already difficult to recruit and retain top-quality workers and upwards of 80% of workers indicating they would like to work remotely at least part of the time, companies must provide their employees with remote work options and moreover to keep their options open whenever recruiting and hiring for most professional positions. Businesses waiting for the remote workforce to arrive are late to the party and are playing catch-up. A recent study by IWG found that 70% of the workforce works remotely at least one day a week, and more than half works remotely at least half of the week.
Why the Remote Workforce Drives Positive Business Outcomes
Businesses that fail to tap into the potentials of the remote workforce put themselves at a disadvantage, often struggling to fill certain positions, missing opportunities to hire the best talent available, and experiencing high turnover rates due to the lack of a remote work policy. There are other benefits of remote work as well, including: Read more...
Whether you are a Solopreneur, Entrepreneur or are thinking about starting your own business there are many who have walked down that path before you. Some have gone on to massive success, others have failed miserably, and there are those who are hanging on by a thread. The truth is you can learn a lot from all of them. Here are four common mistakes.
This one is far too common. We all know an entrepreneur who has been reading too many blogs about how others first got started in the startup world. He has absorbed all these started-from-your-mom’s-garage stories and is convinced that you don’t need an office or anything that sounds too corporate to make it big. So he spends his time working in loud coffee shops, trying to find the quietest corner to have virtual meeting with clients and partners, doing his best to ignore the barista who is giving him the “are you going to buy something else?” look. Not to mention the less than ideal internet speed and overpriced coffee. Read more...
Working from home provides unparalleled freedom and flexibility that you won’t find with any traditional company.
Now, that’s not to say that remote work doesn’t come with its own set of challenges — but don’t despair; In this article, we have provided you with powerful solutions to three common obstacles that people face when transitioning from a traditional in-house position to remote work from home.
With this information, you will be better prepared to step into the magnetic freedom of working from home without losing your grip on success. These tips will help you build your remote business in a way that is realistic and productive, while staying on top of the challenges that come with such a magnitude of flexibility and independence.
Here’s what nobody told you about remote work from home. Read more...
In the practice of law, appearances count.
While in many industries casual dress has become the norm, standard attire at law firms – from partners to support staff – leans toward the formal.
Moreover, lawyers tend to occupy Class A office space, seeking prime buildings, often with breathtaking views, in the most prestige locations. Inside, teams of well-dressed attorneys, associates and staff bustle within spacious, richly appointed interiors.
Law firms historically used their office space as a branding tool, conveying status, power, success and authority to clients, according to Knoll Workplace Research on The Emerged Law Firm.
“The public face is to reinforce the brand, experience, expertise and depth of reputation,” said Gensler’s Jim Prendergast, Principal, Gensler, Chicago. “The quality of the materials, the rigor of their detailing, innovative use of finishes and timeless quality of design speaks about the level of service clients will get from the firm.”
BALANCING PROFESSIONAL PERSONAS WITH FISCAL RESPONSIBILITY
A delicate balance exists between portraying a successful, professional persona and managing expenses to keep a healthy bottom line, particularly for solo practitioners and small firms. Read more...