Tag Archives: Virtual Office Advice

Become an Entrepreneur – Your Resolution for 2021.

become an entrepreneur

New Year is fast approaching and the traditional new year resolutions are being considered.  Many people, after a chaotic 2020, are seriously considering going their own route as an entrepreneur, to become an entrepreneur.  Unfortunately, for many, the option has been forced upon them by the Covid-19 fallout and how it has put a wrecking ball through the retail and leisure industries.  Whilst many employees were ‘furloughed‘ this safety net is now being taken away.

become an entrepreneur

Become an entrepreneur in 2021

For others, setting up your business has been a perennial option to be considered as each year draws to a close.  Perhaps you have been putting off the decision until things change in your personal life.  Maybe the kids have left school or have finished their expensive university years.  Perhaps you have inherited some money which could help tide you over, during the necessary period of transition. But, for whatever reason, you have made ‘become an entrepreneur’ your resolution for 2021 we would like to show you a useful business model that will make the decision easier for you, at least when you startup.

For entrepreneurs, start-ups and small companies, leasing a physical workplace isn’t always financially or logistically feasible; with working at home or at the local coffee shop or pub often seen as the less expensive and easier alternative.

But if you want to be taken seriously in your new, independent role there are aspects you have to bear in mind.  You need to set up your suppliers, market your services and goods, consider the competitors, work out logistics on how to deliver your products and services and crucially find a base for your workplace.  Not just to work from, but a work address that provides the right ‘look’ for your new enterprise.

With office rates still uncomfortably high in the UK, discovering a cost-effective service for your office requirements can represent a tough and challenging task.

For those among you who have made a start on the route to become an entrepreneur, a virtual office can act as that initial step towards getting developed in a physical location, however without the commitment of leasing a real desk or room in an office building. It is the seductive element of not having to make a long-term rental commitment that makes a virtual office such a great option for a startup.

The #1 essential benefit of the virtual office, and frequently what eventually drives business owners to adopt one, is that they cost much less than leasing a conventional workplace or coworking space.

 Virtual workplaces aren’t strictly the domain of only entrepreneurs and sole traders– it’s equally possible to handle a team of remote employees through your virtual office. 

Think carefully about your essential business requirements: A telephone or telephone system for handling and taking customer calls (your smartphone may well be all you require for this but there are many software options that can provide some very sophisticated telephony for the WFH entrepreneur. so what are the essentials that you will need to run your fledgeling business through a virtual office?

  • A powerful laptop
  • A cloud-based email service such as Outlook or Gmail, so you can check out and send out messages from any connected device
  • A cloud-based file sharing and storage system such as Google Drive or Dropbox, so you can access essential files anywhere Productivity software application (if you’re directing a group)
  • Video conferencing software (if not offered by your virtual workplace supplier)
  • For home-based business owners and start-ups aiming to gain a more expert image, renting a virtual workplace could be the perfect business solution.
entrepreneur multi tasking

Multi-tasking can be made easier with a virtual office

Now, let us add to this list the services that a virtual office such as Hold Everything can add to the mix:

  • A mail forwarding service.  Mail can be addressed to your central London registered office address and then be forwarded to your home or shepherd’s hut on a regular basis.  That way, your new business and your personal life can be elegantly separated.
  • A telephone answering service.  Having a professional voice answer your business calls on a dedicated London phone line goes a long way to establishing you as a serious company which is what you need when you become an entrepreneur.
  • A meeting room for client conferences.  why pay for fixed office premises when top virtual offices can provide you with a stylish boardroom to impress your visitors, all you need to add is the coffee and biscuits.
  • A legal registered business address.  Having your office address correctly registered will give you peace of mind and full business status.  It is a service we offer our clients so you look professional ‘right from the off.’

 

Cutting Costs?? A message from Richard Cooper

virtual office business advice

Need to reduce overheads??

In the current climate businesses and start-ups are looking for ways to reduce business overhead costs while still being efficient.  I have seen a lot of businesses do this very efficiently but have also seen what can happen if this goes wrong.  Ifs well known that if you want to increase your profit, one of the fastest ways to do this is reduce overheads.

My business is one of the most popular ways that companies stay professional whilst keeping their overheads low, so I have a vast experience in this.  It is one of many ways.

So how else can you do this effectively without cutting corners and affecting your service.  Here are my three top tips to help cut over

1.    Track where the money goes – While this is not always possible, especially when your business grows, it is important to understand how and where money is being spent. Knowing you figures will allow you to really get to grip with where you can save.    It may take some time to understand by persevere.  It’s the biggest way you will know how your business is growing, or not.

2.    Outsourcing – This can work very well in  reducing overhead costs  but ensure that its quality and professional outsourcing you use.  Outsourcing can provide great savings on necessary services such as your office,  IT and accountant, and it’s always very beneficial to surround yourself with professionals.  Always satisfy yourself however that you are receiving value for money.

3.    Hire employees consideratly–  If you have employees, this will be a large part of your outgoings.  It’s really important to ensure that you take on the right employees with a clear description of their roles, and also to review these roles regularly to ensure that your business needs are being met.   Multi training your employees may increase flexibility too.

Make sure you schedule regular overhead reviews that examine all your businesses expenses. You may be surprised to find a considerable amount of savings each time you do

Until next time..

 

Richard cooper – Virtual office Visionary

Follow me @holdeverything1