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8 Signs For Small Business Owners That It’s Time To Get An Office

8 Signs For Small Business Owners That It’s Time To Get An Office

Most small businesses begin at home. In fact, Microsoft began in Bill Gates’ father’s garage. And Facebook began in a college dorm room. There are a few reasons that businesses tend to literally start from the ground up in regards to location. For most startups, your home cuts costs by being a cheap, free option to housing your business. Running your business at home also offers a lot of flexibility to work anytime creativity strikes, sometimes even in the middle of the night. As a home base, it also provides a lot of convenience.

At some point, however, your small business grows to the point that you have to think about moving out of your home and into an actual office space. How do you know the time is right to do this? Here are the telltale signs that your small business can make the move from home office to office space:

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1. You Are Scheduling Too Many Meetings With Clients Off-Site

Your workspace at home is pretty small. And, it is not set apart from the “goings on” of the household. There are distractions and interruptions that make you uncomfortable. So, more and more, you are meeting with clients over lunch at a restaurant, at a coffee shop, or only at their offices. You need a professional space where clients can visit and meet you, even if only for your reputation as a business. As you gain more important and bigger clients, they will expect that you have an office, not a small room in your home.

2. You Need To Add Staff

Growing means that administrative and management tasks become more complex and take up more of your time. You know you need to add additional staff to the team and now you can afford it. The problem is this: where do you put them? Can you divide the small home office space up to accommodate additional furniture and equipment? Probably not. It is definitely time to look for some space outside of your home.

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3. Your Business Requires You To Be On-Site Somewhere Else

This is not the case with every business, but it is with some. Suppose, for example, that you are a property manager or developer. You began small out of our home. Now, a large developer has contracted with you to manage the sales/leasing of a large residential project. Or, as a developer, you are ready to begin your first major project. It’s a project that will take your business to the next level. To meet those client’s or customer’s’ needs, you are going to need an office on-site that is staffed with the right personnel to receive potential buyers/renters. Having an office tells potential customers that your company is professional and trustworthy. Other smaller operations may be run from your home, but this one is just too important.

4. You are Generating The Revenue To Warrant Office Space

You are finally generating the revenue that is bringing in a good profit. It is definitely time to think about expanding and venturing into new, related areas for your business. You want to seek out investors, partners, etc. When you plan for this kind of expansion, you will need to have the space and the staff to do so. As much as collaboration can now occur with remote staff members, it is still a bit “sketchy” to professionals who may be interested in collaborating with you in your new growth phase. Having an office with staff on-site projects an image of stability and permanence.

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5. Distractions Have Become Too Much

Your kids are growing older. They may be at the toddler stage where everything in the house is “fair game,” including your office. Likewise, they may be elementary-aged with friends over a great deal of the time and they are noisy in their fun. They may also be teens with their blaring music or playing video games with their friends. Whatever the case, you find yourself distracted by the comings and goings, the interruptions, and the noise. It’s definitely time to look for space somewhere else – a place where you can be during the day to focus full-time on your business. This does not necessarily mean that you have to give up your home office – it will be there when you need to work evenings and weekends – just not during prime working hours when it’s better to be somewhere else to avoid household distractions.

6. You Are “Bending” Local Laws And Regulations

Most communities/cities have regulations related to home businesses – what types of businesses can be run from home and which types need to be located elsewhere. If you are a freelance writer, for example, you can stay in your home permanently. Suppose, however, that you are a tax accountant and, especially during tax time, clients are parking on your street and taking up space that residents feel should be reserved for themselves. Or, suppose you have a home office large enough to accommodate a few staff members. They are parked on your street all day, every day.

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In general, cities have laws regarding how many employees you can have in a home office and a revenue cap as well. Some homeowners’ associations have even stricter regulations. If you are “bending” those rules, you may be called on it, as neighbors begin to notice and complain. Be a good neighbor and follow the “rules.”

7. You Feel Isolated

Working at home can be a lonely endeavor, especially for people who are “social.” Some people are just more productive when others are around, when they can take a short break to chat, or when they can bounce ideas back and forth. If this sounds like you, then it is time to look at some office space. The newer concept of shared office space is also a good one. Several small business owners can collaborate, rent a large space together, and subdivide it into their own offices. This adds a social dimension that you might appreciate.

8. You Just Want To “Feel” Like A Business Professional

Sometimes, it’s hard to have that feeling of being a successful business owner when you spend your entire day at home – it’s a psychological thing. Feeling good about your business and your capabilities is important for your enterprise to grow. You need the motivation that comes from having a “real” office.

Ultimately, it’s an individual choice.

Only you know your circumstances, your personality, and your faith that your business is going to scale regularly. And only you know what type of office space you have at home, how large, and how removed it is from the daily operations of your family. Some business owners have an entire wing of their homes and enough space for additional staff; some business owners can actually operate solely from their homes because the business is fully web-based and clients/customers are remote. But if you find yourself facing any of these eight situations, it may be time to make that move.

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Elena Prokopets

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Last Updated on June 19, 2019

8 Life-Changing Skills You Can Learn in Less Than 6 Months

8 Life-Changing Skills You Can Learn in Less Than 6 Months

Everyone has the ability to learn a life-changing skill not just this year, but in the next 6 months.

By life-changing, I mean something that can have a positive impact in your life moving forward, even if it’s something you can’t envision today. Certain skills we can immediately reap the benefits of, while others will be life-changing when we least expect it.

In this article, we’ll share 8 life-changing skills you can learn in 6 months, where you can learn them, and how you can get started today.

1. Speed reading

Bill Gates has been known to state that if he had one superpower, it would be the ability to read faster. What Bill and the rest of the mega-successful understand is that knowledge is power. The ability to process information faster from books, articles, and reports is what will help us learn faster, and therefore improve each aspect of our life faster as well.

Where you can start learning: Speed reading courses are becoming more popular, as more people realize how important it is with the limited time we have. You can check out free courses like Read Speeder or you can start learning how to use Spritzlet, which allows you to speed read articles online with a browser extension.

2. Public speaking

Research shows that people fear public speaking more than death itself. There’s something terrifying about being in front of dozens or hundreds of people, and exposing yourself completely. It’s when you’re most vulnerable, but learning how to public speak is a life-changer.

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Warren Buffett has given advice to recent graduates that the number one skill you can have to succeed is public speaking skills. Everything from communication, confidence, and sales is developed when you develop your public speaking skills.

Where you can start learning: Luckily, there are great communities out there like Toastmasters that organize local meetups all around the world. You’ll find amazing public speakers that are looking to get to the next level to beginners that are just getting started. Check out Toastmasters’ website here.

3. Spanish

As the third most spoken language in the world, the ability to speak Spanish will allow you to reach over 500M people around the world. No matter where you live, knowing how to speak Spanish is becoming increasingly more important, with the Hispanic population and economy spreading quickly worldwide. If you’re living in the US, this is even more important, with over 30% of the population being Hispanic.

Spanish is also on this list, because it’s one of the easiest languages to learn. Sure, Mandarin is an important language to learn, but it’s an incredibly difficult one to learn. If we were to measure the level of importance and the time to learn for all the languages available, Spanish would make it to the top of the list.

One of the biggest reasons why people never reach fluency in any foreign language is: using the wrong method, and lack of time.

It turns out that humans retain only 5% of what we learn from lectures, 20% of what we learn from apps (visual cues), and 90% of what we learn from immediate immersion. Yet, how do 90% of learn a new foreign language? Language schools (lectures), books, Duolingo (apps), etc that don’t provide the real-life immersion required for our brains to learn faster.

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Where to get started: If you want the most effective way to learn a language, learning from real-life interactions is the best way to do it. There are great websites like Rype, which offers Spanish coaching for busy people, solving the issue of lack of time and bringing real-life immersion to your screen. With Rype, you can book as many lessons as you want, at any time of the day, any day of the week, allowing you to fit it into your schedule, no matter how busy you are.

4. Accounting

If you’re looking to get into business, accounting is one of the core fundamentals you’ll need to succeed. While you don’t need to be an expert, you definitely should understand the basics.

This skill can also be used to manage your personal finances, to meet your financial goals, and having more control over your life.

Where to get started learning: If you didn’t learn accounting in school, no worries. You can either teach yourself using books, or check out free accounting courses online.

5. Microsoft Excel

Most people reading this probably have a basic understanding of Microsoft Excel Spreadsheet. While this is a good start, there are so many powerful functionalities that are hidden, which could make your life a lot easier.

Excel is also a great asset to have whenever you’re looking for a job, as many corporations rely on Excel to organize and manage multiple parts of the business.

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Where to get started learning: With the popularity of Excel, you can find tons of free resources and videos online to learn. Check out Excel Exposure, Lynda, and Excel with Business.

6. Blogging/Vlogging

Blogging is a powerful tool if you want to spread your ideas, build your brand, or grow your business. Since it was introduced, blogging has taken on a life of its own, and today there are ~2M blog posts being written on a daily basis.

Where to get started learning: Anyone can start blogging today. All you need is a content-management system like WordPress, which is completely free. Personally, I think the best way to start learning how to blog is to just start writing. There are techniques you can learn on how to promote your blog, but the best way to grow your blog is to write great content.

7. Weight training

Yes, weight training is a skill. It’s not as advanced as learning how to code, nor will it take as long as learning a new language, if you just want to learn the basics.

We’re not promising that you’ll get a body like Arnold Schwarzenegger, but you will see much faster results for whatever goal you have, just by understanding how to workout properly. And of course, when you’re dealing with an activity that involves physical strain, you’ll always want to caution yourself.

Where to get started learning: There are amazing body builders that are sharing all of their secrets for free on Youtube. You can check out Bodybuilding.com’s Youtube channel to get started.

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8. Photo and video editing

In the digital world that we live in, from Youtube, Instagram, and Facebook, there is no avoiding photos and videos. In fact, social media has increasingly gone away from text sharing and almost everything to photo and video editing.

Where to get started learning: For photo editing, you can use Photoshop. For video editing, you can use iMovie or Final Cut Pro. Keep in mind, there are dozens of editing software tools for video and photo editing, but what’s more important are your editing skills, not the tool itself.

Check out education websites like CreativeLIVE or Skillshare, where you can learn from experts themselves on how to best use design and software tools.

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