3 Helpful Tips for a Successful Startup Business

coworkers at table with laptops

Congratulations on starting your own business! This is an exciting time, but it can also be very nerve-racking. Opening a business can be a learn-as-you-go process and it’s important to start your business on the right foot in order to achieve success. Here are some tips that can help pave the way.

1. Be Open to Criticism

Listening to constructive criticism is key for your business to achieve success. Make sure you thoughtfully consider all that your friends, family, and other business owners have to say about your business idea. The honest opinions and feedback they give you can reflect how your consumers will think and feel about your business. Also, make sure you get as much information from expert business-owners. They know first-hand what it takes to successfully run a business and can help you avoid costly mistakes.

2. Keep Track of All Your Costs

Small expenses can add up quickly before you even get a chance to show your business to the public. Some costs that you should keep in mind include location, rent, and supplies. To be conservative, add up all the costs of starting and running your business and then try to plan for up to four times the amount you calculated. Just as life hits you with many unexpected moments, owning a business hits you with many unexpected costs. Always prepare to spend more than you expect.

3. Don’t Be Afraid to Speak Up

Do you suffer from glossophobia? Glossophobia is the fear of public speaking and it’s a very common fear. If you are shy and not comfortable speaking in front of a crowd, you now must step out of your comfort zone and do this very frequently. As scary as this may sound, new business-owners must constantly network and convince people to buy what they are selling. If you’re not outgoing, you must “fake it ‘til you make it”! It will get easier over time.

Barrister Executive Suites offers a low-cost solution to office space rentals that can help keep your overhead costs low. Our offices come equipped with the services that you need, at a price you can afford. The low start-up cost allows tenants to save more of their working capital and invest in their business. By allowing Barrister staff to handle the day to day operations, tenants can focus their time and energy on revenue generating tasks and growing their business.

Source: Forbes

3 Ways to Have a More Productive Workspace

co-workers looking at a laptop

Many of us suffer from the occasional Monday blues, but it’s a problem when the Monday blues become the Monday through Friday blues. Although it may seem daunting, ensuring that your employees remain inspired and energized all week long can be done in a few simple ways.

1. Create an Open Culture

A culture that promotes honesty, transparency, and open-mindedness can get your employees back on a productive track. In this type of culture, it’s important for employers to be able to admit when they are wrong and take constructive criticism from their employees. When the entire company feels like a team and no one is trying to maintain their ego, then this will encourage everyone to be a team player, do their best work, and remain inspired.

2. Encourage Risk Taking

When there is a decision that needs to be made that has a 60 percent chance of success and a 40 percent chance of failure, then the employee should take this risk. Company cultures that meet failure with harsh criticism will not be one that takes risk. Why take these risks you may ask? Employees that are able to make risky decisions feel more confident at work and think more innovatively.

3. Acknowledge Good Work

This simple idea of telling your employees “good job” can have a major impact on their overall happiness and productivity at work. The acknowledgment of good work is the positive reinforcement that gives employees that little extra push to keep working hard. This is an easy way to boost productivity in the workplace and requires very little time.

Barrister Executive Suites offers the exceptional service, flexibility, and convenience that their tenants need to run their businesses more efficiently. Barrister’s suites provide clients with a professional and collaborative work environment, while still giving them their own space and privacy. By allowing Barrister staff to handle the day to day operations, tenants can focus their time and energy on revenue generating tasks and growing their business.

Source: Entrepreneur

Signs That it is Time to Switch from a Coworking Space to a Private Office

people sitting at a table during a meeting

There can be many benefits of coworking, such as low costs and flexibility, that allow small start-up businesses to start off strong. Although these benefits exist, there is a time and place for coworking and as your business changes, so should your workplace. If you are currently using a coworking space and are considering switching to a private office, here are some signs that show it’s time to upgrade your workspace.

Your Business is Growing

With business growth comes the need for more employees, time, and space. If your growth has caused you to outgrow your coworking space, it may be time to take your extra revenue and invest it into a private office.

You Need More Privacy

Shared rooms, common rooms, and thin walls do not provide a great amount of privacy. Your business may have confidential client meetings or phone calls containing sensitive information that isn’t meant for everyone’s ears. If this sounds familiar, you may want to consider a private office to protect the privacy of your clients and your business.

You Need Less Distractions

With more people comes more noise and distractions. If you and your employees are having a hard time focusing and being productive, it may be due to your work environment. Private offices can give you the peace and quiet your business needs to reach its full potential.

These are just a few signs that show it’s time to switch your workplace location. If you are interested in learning about the full-time office spaces offered at Barrister Executive Suites, visit our website to learn more.