Category Office Solutions

Startup Entrepreneurs Advice/Tips

 

Start-up Advice Every Entrepreneur Should Know

A lot of people have great business ideas, but very few people follow through and actually act on it. The following tips will help anybody who’s thinking about launching a start-up. From Malaysia business registration to scaling slowly, this start-up advice is irreplaceable.

1. Form Your Company

With the advent of technology, setting up company is no longer as much a hassle as before. You can refer here for Malaysia company formation.

 

2. Perform Market Research 

Before you can successfully launch a start-up, you need to do some market research. While starting with your friends and family is a good idea, you need to look beyond that. According to Entrepreneur, [ http://www.entrepreneur.com/article/244876 ] you should visit different neighbourhoods (or different online communities) to ask for feedback. Show people a prototype or sample of your product or service and ask them to fill out a questionnaire. It’s possible to do this even if you have a virtual address and a virtual office.

3. Self-Fund as Long as Possible 

According to Forbes, [ http://www.forbes.com/sites/kateharrison/2014/01/09/the-best-startup-advice-from-14-tech-heroes/#5c9be3f20948 ] it’s a good idea to self-fund your start-up for as long as possible. The hope is that the money will end up coming and you’ll never have to look for outside funding. When you borrow from the very beginning, it’s extremely difficult to get out of the loop of borrowing and repaying debt.

4. Don’t Be Afraid to Start Small 

Even if you want to grow into one of the big businesses you admire, you still should start small, according to Inc. [ http://www.inc.com/elle-kaplan/three-financial-tips-for-a-successful-startup.html ] The most successful companies started out small and even a little bit scrappy. If you truly want to scale, you need to scale from something small at first. This will also prevent you from using money you don’t have just for the sake of making a big splash.

5. Create a Prototype 

You can talk as much as you want about your product, but unless you have a prototype to show people, it’s all just talk. According to Entrepreneur, [ http://www.entrepreneur.com/article/253916 ] you should get a prototype out there and let people start using it. This is where you can separate hearsay from reality.

Becoming a successful entrepreneur is not easy. Start-ups are exciting, but they’re also extremely difficult to navigate. By avoiding common mistakes and staying focused, you have the best chance of creating a business you can be proud of.

Read More

Tips for Incentivizing Your Office to Increase Productivity

A challenge that office managers have to face is keeping a workforce motivated and driven to succeed even in the face of adversity. It can be tough to maintain a happy office when work volumes are unexpectedly high and people are fighting. You need to take action as quickly as possible to preserve productivity. Here are a few tips for incentivizing your office to increase productivity any time of the year.

 

Defuse Office Conflicts Immediately

 

office conflicts

 

The first tip is to defuse office conflicts immediately. Nothing can drive your office into a state of low morale and disenfranchisement faster than a workplace filled with arguing and hostility. You want to stay informed about conflicts in the office and do everything possible to ensure coworkers are getting along. This might even mean enacting new policies or separating teams to maintain order.

 

Communicate Frequently With Everyone

You want every employee in the office to take ownership of his or her job. The way to do this is through frequent communication with everyone. Keep the office workers informed about the state of the company and upcoming plans for changes. Ask for feedback so that employees feel like part of the decision making process. Having your employees as active participants in the larger business can improve productivity.

 

employee communicate

 

Ensure the Office Has All Modern Conveniences

officeFrustration and apathy can become real problems if employees are working in a space that does not have the tools needed to do the job. You want to combat this by ensuring the office has all modern conveniences. An easy way to achieve this goal is by renting serviced offices that already have everything in place. Your employees will be more productive and happier in that type of office. You can learn more at http://www.servcorp.com.my/en/serviced-offices/about renting a serviced office for your business.

 

Run Contests and Games

Giving your employees larger goals in the office can work to promote better productivity. Running contests and games is one way to do this. You can encourage friendly competition between coworkers. Offer rewards for people who are doing an exceptional job. Provide awards to people who are making a positive difference. Contests and games will keep employees in the office engaged with the job and business.

 

Divide Workloads Realistically

Every employee in the office has limits when it comes to how much work can be done in a day. Being constantly overwhelmed can lead to low productivity, high error rates and stressed workers.

 

low productivity

 

The key is to divide workloads realistically. Make certain that large workloads are spread across many employees. Have overflow plans in place just in case work volumes spike. This will allow each employee to be as productive as possible without feeling overwhelmed and disheartened.

Good office productivity is an important element when it comes to the success of any business. You need to effectively manage individual employees and the office as a whole to achieve this level of success. You can use these tips to improve the overall morale, productivity and mood in any office setting.

Read More

5 Tips For A Business Owner Looking To Rent An Office

When renting an office, most business owners sign a new lease without taking the time to think about what they want. When this happens, an entrepreneur will end up in a situation that may not suite his or her needs. Fortunately, one can find the right office without wasting valuable time searching. Here are five tips to find that perfect office space.

Think big: When running an organization, most people want to grow their customer base. When this happens, one will have to find new employees. With this growth, one must prepare by having an adequate sized office. Remember, when looking at locations, think about the future. Without thinking big, one will experience plenty of headaches when hiring new workers.

 

 

Occasional use: Some entrepreneurs get a massive office so they can hold corporate meetings. While this is an ideal way to use space, it can be expensive. If a business holds meetings occasionally, the owner should consider a small office space for their employees. Then, when the time comes to have a meeting, the company can rent a meeting room. Without a doubt, a Servcorp meeting room for rent will be easy to find and inexpensive when compared with renting a massive building.

 

 

Negotiate: When looking to sign the paperwork, one should try to negotiate the rent or the security deposit. Of course, this method will work in areas where the economy is still stagnant. When doing this effectively, one can cut their lease cost significantly or get more upgrades to the property. Right now is the perfect time to negotiate and a smart business owner must do this if he or she wants to save money with little effort (also see Servcorp Malaysia Offers 30-Day Trial Virtual Office Package Obligation-free).

 

 

Consider clients: Some entrepreneurs, in a bid to save money, rent a place far from customers and business partners. Unfortunately, this can result in a business losing or aggravating their clients. Instead, one should move their company headquarters to a convenient and accessible location. With this, the organization will not lose current and potential clients.

Short term: When signing a lease, some business owners sign multi-year leases. In one way, this is a good thing since a long-term lease will have more favorable terms for the company. On the other hand, when in a long lease, one will have a difficult time in leaving the building. Sadly, some entrepreneurs feel that they will never make any changes to their operations and stick with an outdated or inconvenient site. Luckily, one who thinks ahead can navigate the real estate market and find the best deal for his or her business.

When following these five tips, one can get a great deal on their office space without expanding too much effort.

Read More

Serviced Offices in Great Locations

A serviced office for rent is basically an office space that has been furnished by the proprietor, who then leases it out to other parties. They sometimes are referred to as ‘executive suites’ or ‘executive spaces’. When looking to move offices, one might decide to take a leap of faith and go for a serviced office space instead of the traditional free space that is decorated once one moves in. This trend is gaining momentum as prospective clients are jostling for serviced office for rent.

Aside from being quite affordable and coming in various shapes and designs, they also offer the convenience of choosing just what is ideal for a company. These office spaces are ideal for start-up businesses and SMEs looking for office space without necessarily having to make long term financial commitments. Serviced offices for rent also make ideal tentative bases for companies in the process of relocating and are looking for temporal office space. International companies looking to test the waters may also initially dock in such premises as they try to read the signs in the market. Serviced offices to rent may also be superb for project based companies like film production houses, companies looking for periodic customer interface or a training program looking to wrap up their business in a short while.

Serviced office space offer the best deal since they boast of top notch services as opposed to a company starting out from scratch on its own. Readily available infrastructure is mostly already in place from reception services, IT support and maintenance, office furniture, electricity, to Internet and telecom connectivity amongst others are already in place. This increases the convenience of setting up a company. This coupled with flexible tenancy period with an option to extend makes serviced office for rent a very attractive venture since most of their addresses are in the CBD of a the city. The prestige associated with the posh address also makes it easy to impress customers.

While looking for serviced office to rent, one should keep it in mind that these offices are leased at quite a high cost compared to traditional offices. This is due to the availability of the afore-mentioned facilities. Working from such an address may lead to a company being viewed as highly unstable or small-minded, for leasing such temporal quarters. Access to facilities may also not be guaranteed at all times since most of them are communal.

Alvin Ang writes for apbc Offices, a leading Singapore serviced office and virtual office provider in Malaysia.

Do you know the 3 Important Aspects of a Serviced Office Space Solution? Click For More Info

Benefits of Serviced Office Space

Read More