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March 10, 2023
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Here are 10 benefits of a private office space with month-to-month options:

By | Tips
  1. Flexibility: Month-to-month options give you the flexibility to rent for as long as you need, without being tied down to a long-term lease.
  2. No long-term commitment: With a month-to-month rental agreement, you can easily move out without being penalized, giving you the freedom to expand or downsize as needed.
  3. Lower financial risk: Private offices with month-to-month options have lower financial risk because you’re not committed to a long-term lease, which can be expensive.
  4. Cost-effective: Renting a private office space on a month-to-month basis is often more cost effective than traditional leases, especially if you only need the space for a short period.
  5. Professional image: Private offices project a professional image that can impress clients and stakeholders, enhancing your business’s reputation.
  6. Increased productivity: Private offices offer a quiet and focused environment, free from distractions, which can help boost productivity and efficiency.
  7. Increased privacy: Private offices offer increased privacy, which can be important for sensitive business discussions, confidential meetings, and handling private data.
  8. Customizable space: Private offices are customizable and can be designed to fit your business’s specific needs, ensuring that the space is tailored to your requirements.
  9. Networking opportunities: Many private office spaces offer networking opportunities, where entrepreneurs can meet and collaborate with like-minded individuals and form valuable business relationships.
  10. Premium amenities: Private offices often come with premium amenities such as high-speed internet, printing services, conference rooms, and receptionist services, which can enhance your business’s operational efficiency and professionalism.
March 10, 2023
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How to set goals and objectives to help your business stay on track?

By | Tips

Set goals and objectives; this will help you to stay on track and measure your success. Here are a few tips on how to set goals and objectives:

  1. Define what you want to achieve with your business.
  2. Make sure your goals are achievable, realistic, and specific.
  3. Set a time frame for your goals.
  4. Communicate your goals to your team and stakeholders.
  5. Monitor your progress and adjust your goals as needed.

By setting goals and objectives, you can ensure that you are always working towards something and that you have a way to measure your success. This will help to keep you on track and motivated.

March 10, 2023
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5 Ways a Small Business can Benefit from a Co-Working Space

By | Tips

Co-working spaces offer space that inspires entrepreneurs and scaling businesses alike. Here are five ways small businesses benefit from co-working spaces.

  1. Instant Scalability. When small business owners seek office space, it is very rare for them to find something affordable that also happens to be short-term. Most commercial leases are in the 3 to 5-year range, and that’s a big commitment that many startups aren’t in the position to make.
  2. Better Value. Where co-working spaces provide value is in their access to amenities that would otherwise require you to make large capital investments. Built into the cost of many co-working space memberships is access to little things—such as coffee, copy room, and 24/7 access—and more costly items, internet, phone services, and other utilities.
  3. Improve Work-Life Balance. Work-life is a hugely important part of our every day now to workers and business owners. That balance goes out of wack when you work where you live. Co-working spaces allow solo entrepreneurs and teams of all sizes to create a separation between home and work life. As a result, 70% of workers report feeling more relaxed at home since they started co-working.
  4. Access Beautiful Spaces. No crime in working at a Starbucks; it’s easy yet costly access to coffee. Did you know a rising number of people find it incredible to work at co-working spaces because of the feeling, the productivity, the free access to coffee, and the overall community? PLUS, it is inspiring… WINK! Come check us out.
  5. Networking Opportunities. Working from home can only give you access to so much, including the people you meet. Even a private office limits the possibility of meeting new people, including new business, because of such isolation. Co-working spaces are filled with like-minded individuals and other small businesses and entrepreneurs that you can benefit from. Perhaps, you need to meet new people, exchange ideas, and possibly collaborate on projects together.
March 10, 2023
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Four business trends for 2023.

By | Tips

2023 is here, and if you’ve been waiting to start a new business, now’s the time to begin. The first step towards building a successful small business is keeping yourself aware of the latest industry trends and adapting to changing situations.

  1. Digitization will grow: this means that your business must be ready to operate and run online.
  2. Sustainable packaging will be more of a buzzword.
  3. Immersive buyer experiences will attract and engage customers better.
  4. A flexible work model will be widely adopted.
March 10, 2023
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2023 is here, and what it means for your business

By | Business, Tips

2023 is here! A New Year, a new goal, new trends, new everything. Let’s think, is this going to be the year your business finally grows or gets to its ideal place? That’s entirely up to you! But what we do know are the best ways to help you get there, and it all starts with SPACE! Are you meeting your potential customers in a professional environment that gives them trust and confidence that you’re here for the long run? Let’s think about space for a moment.

Did you know that having an office space or even a professional meeting room to meet your customers, vendors, and new leads can really give your business the push 2022 did not do? Start with Flex Space, then #levelup

What Flexible Space means for Business E Suites:

A flexible workspace can also be referred to as a shared office space or flexispace. Flexible workspace is the term for an office space that comes with several creative desk layouts and space options. Different types of workspaces tend to include: Hot desks: non-fixed desks, or workspaces that any employee can utilize.

Flexible workspace design encourages employee engagement on a daily basis. Allowing staff to spend time outside work areas and in zones better suited to specific tasks can improve mood and productivity.

Flexible space can be open-plan, but it can also include small enclosed offices or even larger options.

Plans start at $99/month. 

Day passes are available!
March 10, 2023
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Benefits of Coworking Spaces for Startups

By | Business, Tips

Discover the top advantages for a startup firm if you are thinking about renting a coworking space by reading on.

Inspiration and Creativity

One of the key benefits of coworking spaces for startups is the potential for inspiration and creativity.

In a coworking space, startups have the opportunity to interact and work alongside other entrepreneurs and creative professionals. This can provide a sense of community and support, as well as opportunities for idea-sharing and collaboration. Being surrounded by other driven and innovative individuals can help to spark new ideas and inspire creative thinking. Additionally, the flexible and open nature of coworking spaces can also foster a sense of creativity and innovation. These spaces are designed to be conducive to collaboration and creativity, with comfortable and inspiring workspaces, as well as access to a range of amenities and resources. This can help to create a stimulating and inspiring environment that can help to boost creativity and productivity.

Scaling directly

It might be challenging to find something affordable and short-term for small business owners looking for office space. Many businesses cannot make the commitment required by the bulk of commercial leases, which are at least one year long. Without signing long-term contracts, coworking spaces enable businesses to scale it up (or decrease) as needed. Even while the majority of flexible office space isn’t inexpensive per square foot, they and other coworking spaces are enticing alternatives to conventional office spaces because they can engage with you on a month-to-month basis.

Better work-life balance

Coworking spaces can provide a better work-life balance for individuals and businesses. Because coworking spaces often have flexible hours and a variety of amenities, such as on-site childcare or fitness centers, they can help people better manage their time and prioritize their well-being. In addition, the social aspect of coworking spaces can provide a sense of community and support, which can help reduce stress and improve overall mental health. Overall, coworking spaces offer an alternative to traditional office environments, allowing for a more personalized and balanced approach to work.

Affordability

It may be rather expensive to rent or acquire your own office space, especially for start-ups that are just starting in business. You should cut costs and choose a coworking space rather than spending a fortune on an office space that you might even quit in a few years. You’ll receive an immediate financial boost as a result, which will make achieving financial stability much simpler. As a result, you’ll be able to expand quickly and effectively, boost your money, and place yourself on the path to success. Money won’t be an issue if you later decide that you require a private office.

Coworking Spaces are Inspiring

Coworking isn’t for people who have a pessimistic view of the world and doubt the motives of strangers and even the smallest indication of change or advancement. In other words, flexible workspace needs aren’t for pajama-clad lounge room fighters who don’t use Zoom’s location-independent benefits and choose to turn off from the video on calls. It is instead intended for those who think broadly and is aware that there is more than what they are now receiving. Today’s workplace uses contractors, side hustlers, and freelancers more frequently to carry out tasks that were traditionally handled internally by huge firm employees. On either hand, contract work can make you feel alienated. Being around people who are going through a similar situation to you can be beneficial.

Low prices

When a business is just getting off the ground, renting a large office costing you a lot of money each month is not practical and sometimes not feasible. This is the purpose of coworking spaces: to provide business owners and their teams with a fun working environment and a fully functional workplace without having to deal with the headaches of setting up a whole office. The frugal innovation of these shared areas makes it easier to run a business without spending a lot of money.

Workplace rent, fire insurance, office equipment purchases, sufficient furniture purchases, and other costs are included, but we also offer flexible membership alternatives. The majority of coworking spaces provide daily, weekly, monthly, and yearly passes, allowing users to pay for the number of months they will need the space and additional equipment.

Better Employee Experience

Coworking spaces can offer a better employee experience because they provide a flexible and collaborative work environment. In a traditional office setting, employees may be limited by the size of their workspace and may not have the opportunity to collaborate with others.

In a coworking space, employees have access to a variety of different spaces and can choose the one that best suits their needs at any given moment. This can help to foster a sense of community and collaboration among coworkers. Additionally, coworking spaces often provide amenities such as coffee and snacks, comfortable furniture, and meeting rooms, which can make the work environment more enjoyable and productive.

More opportunities for business

For entrepreneurs who are still finding out how to build their firm, the challenges of starting and expanding a small company can be overwhelming. By providing fantastic networking opportunities, coworking spaces help to alleviate some of the enormous strain that proprietors of small businesses have. Meeting and establishing connections with subject matter experts can help you grow your business, whether in person or via social media. Additionally, working in a coworking setting exposes you to possibilities and opportunities. Who can predict where a casual conversation will go? Your business might only require a little exposure to expand. Sometimes all a tiny firm needs to get off the ground is familiarity with other profitable entrepreneurs.

Improve Professional Image

Coworking spaces are shared office spaces that are typically used by independent professionals, freelancers, and small business owners. By working in a coworking space, these individuals can benefit from a professional and collaborative environment that can improve their professional image. By working in a coworking space, individuals can present a more professional image to their clients and partners. This is because they have a dedicated workspace that is separate from their home and can be used for business meetings and other professional activities. Overall, coworking spaces can provide individuals with a professional and collaborative environment that can help improve their professional image and support their business.

Unleashing the Power of On-site, On-demand Talent

Coworking spaces are excellent for networking as well as hiring because they house individuals from a variety of specialties nearby.

You might need to outsource duties that your current workforce is unable to complete in the early phases of your company’s expansion. When you work, you have vital access to talent that isn’t currently available to your organization, some of which might be looking to collaborate with a company like yours. Networking is important since you never realize whom you may meet.

Open 24×7

Although not all office spaces are open 24/7, you can typically locate one in some of the top locations for remote work. In this manner, it will be simple for you to accommodate weekend work requirements such as late hours, early arrivals, or phone calls.

You might not be the only one who has to work under pressure or who brings in work on Sunday to get ready for the week. It is simple to establish a feeling of togetherness when working in a coworking environment — many are open to sharing experiences.

The reason for this is that just the act of working in the same space as someone else, even a total stranger, can help you feel like you’re part of a larger group of people and linked to others. Your mental health will be enhanced via coworking.

Increased inventiveness

According to Fortune 500 CEOs, innovation is the most sought-after leadership quality and the key to success. Even achieving economic growth is seen to depend on it. Additionally, creative, collaborative teams are more inclined to give good reviews of their interactions, suggesting that your team will be content as a whole if you work together. By encouraging collaboration among coworkers and exposing staff to a variety of perspectives, coworking environments can inspire sudden spurts of creativity. Your perspective may be refreshed as a result of your move, and you may come up with creative solutions to business problems.

Coworking spaces, though, aren’t for everyone.

Despite all the advantages, not all kinds of remote workers find coworking spaces to be suitable. Working alongside a diverse group of other professionals can be too distracting for certain people, or the locations or pay scales don’t work for them.

Some people might require more privacy owing to the secret nature of their business, or they could need to work at home to take care of their parents, kids, or pets. For certain firms, having their own space that is branded to match the business may be necessary to convey a more professional image.

 

Article Source: Parth Shah / 21 Feb 2023 / Entrepreneurs / Small Business / Work

March 10, 2023
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Window Office

10 Benefits of Coworking Spaces for Startups 2023 @ Business E Suites

By | Tips

Are you a startup founder looking for a collaborative and inspiring workspace to grow your business? Look no further than coworking spaces.

These shared office environments provide the perfect blend of community and flexibility for startups to thrive. With amenities like high-speed internet, printing services, and networking events, coworking spaces are the go-to destination for entrepreneurs to collaborate and innovate. Plus, with affordable monthly memberships, you can save on costly office rentals and focus on what matters most: growing your startup.

Coworking spaces can play a crucial role in the development and success of startups by providing a supportive and collaborative environment, access to professional facilities and resources, and the flexibility to accommodate changing needs.

Coworking spaces: what are they? Who Can Gain from Them, and How?

A setup in which employees of various organizations share an office space is known as a coworking space. A managed office enables cost savings and eases through shared facilities, such as tools, utilities, receptionist and cleaning services, and occasionally refreshments and package acceptance services.

Office for rent is ideal for startups, small enterprises, freelancers, and remote workers who want to get their work done and connect with companies that will be helpful to them.

Management and workers can develop enduring ties with businesses that may result in future collaborative ventures or beneficial business advice. They can work in a professional, accommodating environment at the coworking location that fits their schedule. A coworking space is beneficial to everyone.

March 10, 2023
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Heading to Sugar Land this week, month, or Summer? Get work done from here.

By | Tips

If you’re planning to head to Sugar Land this week, month, or summer, you’ll be happy to know that Business E Suites, located in the heart of Sugar Land, is a great place to get work done. With its vibrant business community, ample coworking spaces, and high-speed internet, Business E Suites is an ideal destination for entrepreneurs, freelancers, and remote workers looking to stay productive while traveling.

Whether you need to take calls, send emails, or work on projects, you’ll find plenty of options to help you get your work done in our modern, aviation-themed workspace. Plus, explore the beautiful town of Sugar Land, from the Sugar Land Baseball Team’s Space Cowboys Stadium to the Sugar Land Town Square. At Business E Suites, you can choose from a variety of coworking spaces, private offices, semi-private workspaces, meeting rooms, and more that offer everything you need to keep your business or job going.

And when you need a break from work, you can explore Sugar Land’s many parks, restaurants, and entertainment venues, which offer a welcome respite from the daily grind. So if you’re heading to Sugar Land soon, don’t forget to pack your laptop and prepare to be productive while enjoying everything this great city offers.

Get Started Today. Plans are available by the hour, day, or month.

Day passes are available!

 

Image: Pixabay

October 5, 2022
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5 Reasons Businesses Fail

By | Business, Tips

5 Reasons Businesses Fail

 

I did a podcast at The Catholic CEO’s business center in Sugar Land, Texas. Laura Fisher, the interviewer, and her husband run a great place (www.imperialbusinessparks.com). You can find the interview there. She asked me how businesses fail.
There was a dark, brooding sky, torrential rain, flashing lightning all around us, and loud crashing thunder during the interview. It kind of set the mood. Our headphones were crackling with noise. We pressed on.

1. Run Out of Cash.

Sounds simple right? But the point I was making is that businesses that fail almost unanimously tell you that they didn’t realize they were running out of cash.

SOLUTION: Monitor your cash every week.

Forecast next week’s expenditure needs, including payroll. Take quick action to boost collections or sales. Think on a weekly basis. This means you can’t randomly look at your financial statements six or eight weeks later. Get data weekly.

2. Miss signals.

How do you get signals? SOLUTION: You create a weekly dashboard of the most important indicators for your business. You measure them. You report them. And, you interpret the data. You don’t just report it. Think visual aids like red, yellow, and green coding or line graphs and bar charts. Take the time to build these tools. Select three to five and learn to understand their every twitch.
-3. Forget about markets and customers. How can you forget? Easy. You get

-3. Forget about markets and customers. How can you forget? Easy. You get into a groove or rut. You start expecting the revenue flow to continue without change. But maybe a competitor has a better product. Maybe your pricing is insensitive. Maybe your service has slipped. Maybe you’re mailing it in.

SOLUTION: Constantly do customer discovery. Constantly test the merits of
your product or service. Do short, sharp pricing tests.

4. Let the Team Fall Apart.

Years ago, and still true today, The Kaufmann Foundation wrote a report on all the factors that contribute to valuation. The
most important factor that contributed to business valuation? The team. The people. The business plan, the technology, and even the size of the market are all secondary to the team. Why? The team can respond to conditions that emerge (see black swan events) when the unexpected surprise hits.

SOLUTION: Pay attention to the “Big 8 Teamwork Traps”. Contact us and we’ll send you my free published article.

5. The Abilene Paradox.

Check it out. The Abilene Paradox is that situation that arises when nobody speaks up. The story is that of a family sitting on the porch on a hot Sunday afternoon in Kansas. One of them says: “Let’s go to Abilene for ice cream.” Another one says: “Nah. Too hot and dusty.” But another one says: “Well, maybe it would be good. Nice delicious ice cream?” Yet another says: “But it’s so hot!” Fast-forward and you see that they indeed went to Abilene. Now it’s sunset and they are back on the porch. One says: “You know, I never really wanted to go to Abilene.” Another says: “But I thought you wanted to go, and that’s why I agreed to go!” Still, another says: “Me too. I thought you all wanted to go and so I agreed to go – but I didn’t really want to go either.” As you can see from the story, they all made assumptions about what the other was thinking.

SOLUTION: Check to make sure everyone is heard. And check for the truth, not for an assumption transmitted by silence or silent assent. Check for the real opinion.

God bless you, your family, and your works. You can be Catholic and successful in business. Believe it.

The Catholic CEO
Henry Kutarna

September 8, 2022
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Running a Home and a Business from Two Locations

By | Business, Tips

Many small business owners dream of a day when they can have multiple shops, multiple homes, and one life full of success. This is perfectly possible, but it does take work. Today, Business E Suites touches on a few ways to keep your own home, family, and business running safely and smoothly when you have multiple residences in different cities/states.

Savings

Even though you’re already in a position to enjoy success, you don’t want to let the income you’ve already earned get eaten up by your second home. A few simple ways to save money here include getting your business out of debt, cutting back on unnecessary expenses, and possibly even adjusting your overhead needs. For example, consider ditching rent for an office building. Instead, you can trade off between working from home and a co-working site.

At home, you can save money by checking prices on things like automobiles and health insurance in the state where these expenses tend to be the least. Plan to cancel your cable subscription on both properties and instead go with a streaming service that provides the types of content you and your family need. If the choice comes down to Disney+ versus Netflix, this guide by Android Authority can help you decide.

Communication

Communication is essential in all businesses, and yours is no different. Make sure that you can communicate with your employees and customers, which might mean investing in a laptop with longer-than-average battery life. There are many different options, and prices vary. Look for comparisons of today’s latest models.

It may also be wise to hire a personal assistant to handle certain business matters while you are in between homes, especially if you drive or fly between each frequently. If you hire someone to work alongside you in person, you may spend up to $52,000 per year, and if they travel with you, you also have to pay for their accommodations and food while they are away from their home state.

Safety

The safety of your family is important when they also live in multiple residences. Make sure that you have a security system in each home, that you can access both from wherever you are. When your children are young, make sure that each property is adequately childproofed, which should include having locks on lower cabinets. Before you buy any types of products that your family will rely on for safety, read reviews, details, and opinions from qualified sites.

Pricing Between States

You already know that the cost of housing, utilities, and food will vary from one state to the other. But don’t forget to pay careful attention to other common costs, which include things like:

  • Storage units. You can find a storage unit quickly using Google. The cost of storage in LA, for example, ranges from around $125-$300 each.
  • Business space. If you’re planning to open up shop in Boca Raton, Florida, you’ll probably spend around $36 per square foot, although many units are available for $19 per square foot for a one-year lease.
  • If you’re looking for cheap internet, consider anywhere in Texas, where you can expect to pay $2.29 per megabit.
  • Clothing is expensive no matter where you go. However, if you want to move to Washington, DC, you’ll probably spend less than $1,000 per year on fashion compared to $2,500 or more in the entire state of Illinois.
  • WKYT, a Lexington, Kentucky-based news station, says daycare can cost around $18,000 per child.

Running your business and owning two homes is a great way to expand your market and expose your family to multiple living arrangements. But, there are many things to consider before you do so. From keeping your family safe to the cost of basic extras, like a storage unit or internet, you need to know what you face before you start eating into your profits.

 

Image via Pexels