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Why Wyoming Virtual Office Service Is All You Need For Your Entrepreneurial Goals

Why Wyoming Virtual Office Service Is All You Need For Your Entrepreneurial Goals

The world has transformed through technology and so have the ways of executing business operations. Technology has made a great impact on the way businesses function today. There have been many advancements that have occurred in the past decade that have made working simple yet very modern. Today work environments need to have flexibility, which is indeed the key for successful business operations. Technology has provided so many working environments to choose from including services like the virtual office setup.

Incorporate online services are the beginning of a new era of startups, entrepreneurs, and small businesses because many small businesses and entrepreneurs don’t have the capital to invest in renting traditional office space. Thus virtual offices are a great cost-effective alternative for businesses and entrepreneurs looking to start their business. There are many benefits associated with Wyoming virtual office services as employees will have a centralized location to refer to while operating their business from anywhere in the world.

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One of the key benefits of virtual offices provided by firms like Cloudpeaklaw is that they only charge $25 per year to keep your business anonymity as well as provide asset protection trusts. Furthermore, they are a law firm which indirectly means that all of their correspondences are covered by attorney-client privilege therefore distinguishing them from the rest of the agents in Wyoming. Besides these benefits, there are a plethora of advantages associated with virtual office services, including:

Minimal Company Overhead

Very often, a major share of a company’s capital is spent on setting up a physical office location. So when businesses opt for a virtual office they don’t need to invest their capital in physical office setup. By going virtual, a business can cut down a lot of overhead costs as there is absolutely no need to worry about paying for renting office space, utilities, and cleaning services. When this extra cost is reduced to a minimum the capital can be used for the next phase of business growth.

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Low Startup Cost

There are numerous expenses related to starting a new business. This is one of the biggest hurdles for entrepreneurs, as once the startup phase has passed the startup usually survives. Expenses like securing a building, license fees, administrative setup, and creating office space are a big investment. Physical locations require equipment, sanitary restroom spaces, furnishings, and much more. Besides this there are building codes to abide by, and there are maintenance bills which are often hefty. All of this can create a financial burden for the startups, making a virtual office setup the best option for them.

Hybrid Business Model Potential

A virtual office is also the best option for many businesses as they have a small workforce that carries out operations from one permanent place while employing a virtual workforce that works from global locations integrated through cloud networking systems. Cloud computing allows these hybrid business models to have a means of communicating with superiors and departmental leads or managers.

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Happier Employees

Various studies have shown that employees that have flexible locations to work from are happier and more productive than those who work from a specific physical location. Because employees have the privilege of designing their own working space, they tend to stay on-schedule, finish more jobs, and stay with the company for a longer duration.

Physical Location Information

Being virtual doesn’t mean an absence of a physical address. Virtual office services can provide a physical address and real phone numbers, and this means that the business has access to mail delivery, global mail forwarding, and even clerical staff. Beside this, there is provision to opt for the privacy of personal information with regards to the board of directors or high profiles in the business. Many virtual companies opt for using special platforms and websites to control all of their activities, keeping relevant information safe.

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Other benefits of opting for a virtual office are:

  • Higher Attendance Rates
  • Advantages for Internet-Based Businesses
  • Global Telecommunications

As you can see, a virtual office provides a myriad of advantages to small businesses and startups. The businesses don’t need to focus on seed funding, rather they can invest in growth phases and get off the ground much more quickly.

Featured photo credit: bcpapula via bcpapula.fi

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Erick Clifford

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Last Updated on June 13, 2019

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Without further ado, let’s take a look at the 15 best entrepreneurs books to get inspirations about success and grow your business.

1. Think and Grow Rich by Napoleon Hill

    This book has been dubbed the Granddaddy of All Motivational Literature, and it was actually the first book that gave a prescription of what it takes to be a winner.

    Napoleon Hill draws from the stories of millionaires like Henry Ford, Andrew Carnegie, and Thomas Edison to illustrate the principles he put forth.

    Get the book here!

    2. The Lean Startup by Eric Reis

      A lot of startups end up failing, but many of these failures are actually avoidable. The Lean Startup provides a different approach that is now being adopted all over the world and changing the way that companies are developed and products are being launched.

      In The Lean Startup, Eric Reis describes what is required for a company to penetrate the fog of uncertainty in order to discover a path to a sustainable and successful business.

      Get the book here!

      3. The E-Myth Revisited by Michael E. Gerber

        In a revised edition of the 150,000-copy bestseller, The E-Myth, Michael Gerber refutes some of the myths that surround starting your own business and shows just how commonplace assumptions can end up getting in the way of being able to run a successful business.

        Gerber succeeds in walking the reader through the steps that occur in the life of a business, from infancy, through the pains of growing as an adolescent, to the perspective of the mature entrepreneur.

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        Get the book here!

        4. Rework by Jason Fried

          Most of the business books that you get today will give you the same advice: draft a business plan, study the competition, look for investors, and all that.

          However, Rework shows you a more effective, easier and faster means of succeeding when running a business. By reading it, you’ll be able to know why some plans are harmful, why you don’t really need to get investors, and why you’re better of shutting out your competition.

          Get the book here!

          5. How to Win Friends and Influence People by Dale Carnegie

            This is one of the most successful motivational books in history, selling well over 15 million copies since it was released in 1936. The book is timeless, and it appeals to businesses, self-help startups, and general readers.

            Carnegie believes that a lot of successes come from an ability to communicate rather than having brilliant insights. In his book, he teaches how to value others and make them feel appreciated and loved.

            Get the book here!

            6. Outliers: The Story of Success by Malcolm Gladwell

              Through this amazing book, Malcolm Gladwell is able to take the reader on an intellectual journey through the world of ‘outliers’. He asks the question of what truly differentiates high-achievers.

              His answer to this question is that we tend to pay too much attention to what successful people are like, and less attention to where they are actually from.

              Get the book here!

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              7. Rich Dad, Poor Dad by Robert T. Kiyosaki

                This is the best personal finance book ever written. It tells the story of Kiyosaki and his two fathers; his real father, and that of his best friend (his rich dad), as well as how the two men helped him shape his opinions on money and investing.

                It refutes the myth that you need to earn high to become rich, and it distinguishes between working for money and having money work for you.

                Get the book here!

                8. The Ascent of Money: The Financial History of the World by Niall Ferguson

                  Niall Ferguson, in this book, follows the money to tell the story behind the evolution of the word’s financial system, from the beginning way back in ancient Mesopotamia to the latest occurrences in what he had dubbed Planet Finance.

                  Fergusson also reveals financial history as the backstory behind our very own history, with an argument that the evolution of debt and credit is as significant as the history of technological innovation and the rise of civilization.

                  Get the book here!

                  9. Liar’s Poker by Michael Lewis

                    Michael Lewis landed a job at Salomon Brothers after getting out of the London School of Economics and Princeton within three years, he had risen to the rank of bond salesman, making millions for the firm and cashing out steadily.

                    Liar’s Poker is the amalgamation of these years — a look behind the scenes at one of the most turbulent times in American business. His book is Lewis’s account of an era where greed and gluttony were the order of the day.

                    Get the book here!

                    10. Drive: The Surprising Truth about What Motivates Us by Michael H. Pink

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                      A lot of people see money as the best motivator. Michael pink says it’s a mistake.

                      In this provocative book, he asserts that the secret to high performance anywhere is the need to direct our lives, to learn and create, and to do better by our world and ourselves.

                      Get the book here!

                      11. Getting Things Done: The Art of Stress-Free Productivity by David Allen

                        Outdated methods don’t work in today’s world. In this book, Allen shares some awesome methods for stress-free performance that he has shared with thousands of people all over the world.

                        His premise? That productivity is proportional to your ability to relax.

                        Get the book here!

                        12. The 7 Habits of Highly Effective People by Stephen R. Covey

                          In this book, Stephen Covey presents a holistic approach for overcoming both professional and personal issues. With insights and anecdotes, Covey presents a way to live with integrity fairness, service and dignity.

                          Get the book here!

                          13. The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss

                            In this book, Ferriss dishes on the tips he has learned from studying the New Rich, a subculture of people who did away with the deferred life plan and mastered time and mobility to developed luxury lifestyles for themselves.

                            If you’re looking to make your way in this revolutionary new world, this here is your compass.

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                            Get the book here!

                            14. Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

                              The CEO of Zappos shows how a unique kind of corporate identity can help deliver a huge difference in the way results are being achieved — by creating a company that values and delivers happiness.

                              Get the book here!

                              15. Losing My Virginity: How I Survived, Had Fun, and Made a Fortune Doing Business My Way by Richard Branson

                                From Virgin Atlantic Airways, Virgin Records and V2 to Virgin Cola, Virgin Megastores and a wide array of other companies, Richard Branson is the rockstar billionaire that a lot of us want to be.

                                Branson, however, did business by following a simple philosophy:

                                “Oh, screw it, let’s do it”

                                Losing My Virginity is an unusual, borderline outrageous autobiography of one of the greatest business geniuses in the world. Branson and his friends named their business “Virgin” because that was what they were — virgins at the game.

                                Since then, he’s written his success rules, creating a global business that has no headquarters, no management structure no corporate identity as it were.

                                Get the book here!

                                More Inspirations for Entrepreneurs

                                Featured photo credit: rawpixel via unsplash.com

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