Signs You’re Not Ready To Run Your Own Business

Running your own business, even if it’s a business of one and you’re self-employed, is an excellent way to become financially independent. A lot of people yearn to become their own boss and the internet has made it cheaper and more broadly available than ever. However, taking your first step when you’re not ready can be disastrous. So, you have to take a close and honest look at your situation and find out if you really are prepared for what’s ahead.

No sense and no friends

You might have the marketable talent or product to take to the professional stage, but that’s not necessarily enough. There are two foundations of great businesses. The first is business sense. Being able to market, to understand branding, to understand your customers, as well as business partners. If you don’t have it, consider taking a course or finding a mentor. A mentor can be an invaluable friend to the business and you need those. Build up a network of potential partners, signal boosters, influencers and, most importantly, clients. You need a network before you start, not while you’re trying to get the business off-the-ground.

The money’s not right

The internet has made it a lot cheaper to work for yourself, even in your own home. However, if you don’t want to be an anonymous freelancer competing with other anonymous freelancers, you’re going to need money. You’re going to need a brand, marketing materials, a website, business cards, and so on. You should construct a business budget based on what you estimate your costs to be and start saving. You might be able to get a business loan but don’t place all your hopes on it. If you’re in serious debt, you should definitely clear it before you even think about starting the business. Consolidate your debt and start paying it off while building the fund to truly start it. Financial sense is essential for successful business people and you can’t honestly say you have it until your personal finances are in the right place.

You’re not thinking long-term

What are your plans for the business? If your answer is “get it started” you’re thinking wrong. You have to have plans for not only the growth of the business, but the security of your future, including planning your retirement. There are plenty of guides for business plans for industries of all kinds easily available through the internet, so search for a fitting plan for yours. Take into account how much of the money you’re going to pay yourself from your business, and ensure you’re putting aside a portion to help you live comfortably in the future. Without long-term goals, it’s too easy for your business to lose direction once it’s up and running.

If you have closely reviewed your situation and you believe you are ready to start your own business, then go for it. It will always be a risk, but if you’re flexible and willing to get through the grind, it’s more than achievable. Just never lie to yourself about whether you’re prepared for the next step.

A Workplace Worthy Of Silicon Valley

With companies like Google and Facebook routinely being voted as some of the best employers in the world, worker’s surging satisfaction levels, and the results they produce being born out of passion, it’s easy to see that Silicon Valley’s residents are doing something right. Keeping your workforce happy is one of the most important aspects of modern management. In an office or other workspace, people can’t be bullied or forced to work, and you have to encourage them through the right kinds of tools.

Creating a workspace which your employees love requires a balance. Not only does it have to be filled with things which entertain, but it also has to boost productivity and help your workers to keep driving themselves forward. To help you out with this, the post will be exploring some of the key areas which can improve your office environment, all in ways which would make the founders of the Valley proud. This has worked extremely well for some of them, and this means that it could easily work for you.

Work Areas

The key areas to consider when you’re improving a workplace are the areas which people use to do their job. In an office, this will be a desk space, and will often include a computer, keyboard, and other items which enable your employee to work. Ensuring that they can work to their full potential will involve upgrading chairs to make them suitable for long sessions, while also giving employees the option of a range of keyboards and mice to make sure that they can choose one which meets their requirements.

Of course, along with the place they will spend most of their time working, a lot of companies also provide their employees with spaces which inspire new ideas and creative thinking. Bean bags, sofas, and other comfortable seating is best for a room like this. Along with this, though, tablets and televisions can be great to display information and help in the process. Thinking rooms are one of the key principles that Valley giants like to adopt. Making your employees happy while also helping them to work harder is a great choice to make, even if you have to find the space for it.

Entertainment Areas

If the whole of your premises is dedicated to work, you’re probably doing something wrong. Employees will need at least one space which is separate from their job, giving them the chance to detach during breaks and relax as much as they like. A room like this should have a mixture of tables and chairs coupled with comfortable seating, as this will give your workers different ways to use the space. Entertainment devices, like board games and televisions, can be great for a break room.

Going back to the big companies dominating this market, it’s easy to see how fun spaces can make a difference to someone’s work day, but very few businesses will consider the impact that the outdoors could have. It doesn’t cost much to have a small outdoor area landscaped and arranged to make it easy for employees to have lunch, meetings, or other work sessions in the summer and spring sunshine. Of course, though, this will only work in places which have good enough weather to comfortably work outside.

Lighting

The impact which something like light can have one someone’s work is quite astonishing. Greatly impacting someone’s mood, this aspect can be a huge factor in their ability to work, with a wide range of factors impacting what they are able to do. Some lighting options are much more natural than others. Fluorescent lighting, for example, will give a lot of people migraines and isn’t good to spend days under. Instead, LEDs can be used to create a much more natural light which will be a lot more comfortable for long periods.

Of course, this extends past the qualities of the light, and goes as far as the color of the bulbs you use. An LED driver manufacturer can install devices around your building which can give you full control over the lighting you have. When you want people to feel happy, for example, warm colors, like orange, can be used to brighten their day. If you decide to go down this route, it’s worth doing some research to find out which options are best for the job, while also looking up some color psychology.

 

Food & Drink

If you’ve ever had to pay attention to school dinners, you’ve probably heard about the importance of food when it comes to productivity and the quality of work someone can produce. Your mind heavily relies on the food you consume to stay fueled and keep sharp, with people enjoying poor diets often suffering with lazy attitudes when it comes to work. As someone’s employer, you have the power to solve this issue, and it’s nice and easy; provide some food and drinks.

When people are spending all day with you, it’s always nice to have the chance to eat some hot food. This doesn’t mean having a chef and kitchen installed, though, and you can often handle business catering by using another company. Hot sandwich orders, for example, can give everyone what they need to work while also keeping them happy. Providing this for free is a small price to pay for employees who can work harder and faster for you.

Hydration is also an important factor when it comes to your employee’s ability to work. Water coolers can be a great way to make sure that people can keep their water levels up, and a lot of businesses will laos provide tea and coffee making facilities to their employees. Fizzy and sugary drinks are best avoided here, as these can often cause lapses in productivity. Most people will be happy with the clear stuff once they’ve had some time with it.

Hopefully, with all of this in mind, it will be a lot easier to start turning your workspace into something worthy of Silicon Valley. These sorts of techniques can have a huge impact on the value you get out of your workforce, spurring them to work harder than ever before. Of course, though, it will also be an investment, and this means that you have to take it very seriously.

Is Your Company Fit to Fight in the Modern Marketplace?

Keeping your business afloat is a constant battle when you’re running a small company in a competitive sector. There are so many other smaller companies that would love to overtake you and swallow up your market share. Making sure your business is modern and up to date is a big part of finding success. If your company is not fit to fight in the modern marketplace, there are some things that you will need to change. You can find out more about that right now by reading on.

Create Multidisciplinary Teams

These days, the old department structure that was so common in companies for so long is now very much out of fashion, and for good reason. Right now, multidisciplinary teams are preferred because they create a situation in which people with a range of skills are mixed together. This means everyone will able to offer something within their small team, and that will in turn help their confidence.

Advertise Online to the Right Audiences

Online advertising is a big part of finding success in the modern marketplace. If your business is not advertising online, you’re never going to be considered a modern and forward-thinking company. It’s as simple as that. Things like MoPub rtb advertising are definitely worth focusing on because they can produce results and remain within your budget. It’s all about appealing to the right audiences that are relevant to your business.

Establish Helpful Leadership

What leadership means is changing right now; the old ways of bosses shutting themselves in their office and dictating from on high has become a thing of the past, thankfully. Modern bosses are expected to be a bit more informal and a lot more involved. And a big part of it is offering help each day of the week. It’s as much about guiding and assisting people as it is about telling them what’s expected.

Take Ideas From Anywhere and Everywhere

Ideas don’t just come from the talented people at the very top at the company. Instead, good ideas come from everywhere. This is an ethos and mindset that the very best modern companies know and take advantage of. Be willing to listen to good ideas no matter where or who they’re coming from within the company. They might even come from outside the company, so keep your eyes and ears open.

Personalise the Customer Experience

Finally, you should try to personalise the customer experience as you much you can. Because of the internet and the intimacy that now exists between companies and customers, many people now expect a more personal experience than they got in the past. You need to find a way to work with that fact.

Every company is different, so it’s up to you to find the way forward for your business in a modern marketplace. However, all of the ideas above will help you to compete better in the modern landscape, and that’s something every business has to be able to do right now.