Send Me Your Location: Office and Start-Up Version

Location is crucial for businesses.

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It helps customers and clients identify the headquarters. It gives employees a conducive space to generate ideas, innovate and work on their projects. Most of all, it provides a solid ground for your brand.

The locations serve as the shelter for the business. It houses your assets – equipment, supplies, and goods. A small shop or a spurring start-up can function without one. However, a growing enterprise needs space for daily operations. As your business gains more employees, equipment, and pieces of furniture, it requires a working area for all of these things.

The Right Working Space

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Choosing the right office space depends on your company’s needs. You can go for the traditional set-up – typical rented or leased spaces. You can occupy a unit or the whole floor. This type of set up can be costly and increase monthly expenses.

There’s an alternative for companies starting out. They can go for coworking spaces to reduce their annual fees on rent and increase income. A coworking space like a serviced office Makati allows employees from different companies to work in peace. The ambiance is relaxed and employs an open-floor plan.

Finding the right office location comes with finding a suitable working space. Surveying by asking the needs of your employees, considering your priorities, and positioning your business near the target market are some ways to help you spot the right location.

Coworking Spaces vs. Normal Spaces

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As small businesses favor collaboration over competition, shared working spaces become the trend in the industry. Gone are the days when a building is dedicated to one establishment. Moreover, there’s a limit to cubicles and cubbies. Extended sofas and long couches are welcome in the office. Identifying the difference between standard and coworking spaces helps you decide which office space fits the bill. Below are some of the concepts behind shared working spaces.

1. Open-floor plans encourage interaction.

Start-ups embrace the casual and informal. A modern working space can be a large open floor plan in a high-rise building. It can also occupy several floors in a renovated warehouse. The lack of physical barriers such as walls, cubicles, and dividers draws people together. Brainstorming sessions, a quick chat, and other social interactions allow people to converge. Convergence helps sort out problems and come up with innovative solutions. The effect increases overall creativity and productivity.

2. The office becomes an avenue for networking.

A coworking office has a charged environment. Ideas continuously bounce between professionals even when they aren’t in the same industry or working field. As long as they have a similar nature, they can discover new schemes relevant to the playing field, acknowledge a different set of skills, or find a collaborative venture. A working setup that’s open to people from various industries allows them to target market other than existing ones.

3. Coworking spaces build communities.

The freedom to network and build lasting connections promotes communities. Shared interests and similar values bolster camaraderie. The casual set-up takes the pressure off networking while retaining the professional stance. Hence, people become comfortable working on their own or with a colleague by their side. Communal working areas strengthen the bond between organizations.

4. The set-up reduces operational costs.

When a company subscribes to communal spaces, it taps to others to share the rent or lease expense. The strategy is a win-win for both enterprises. Both companies reap the rewards of coworking environment while working on their individual goals and targets. The coworking space won’t become a place for seclusion. It becomes a place where everyone can use the resources that won’t limit their capacity when working on a project.

These are the backbone of the coworking space concept. It only gives the overview of the office set-up and doesn’t include the full picture of working in one. It tackles the interior of an office location since it is vital to the company. Though safety and precaution are necessary to the reputation of each establishment, having the right set-up still on the same level as those factors.

With that in mind, you can bring the best office experience to the table when you maximize the potential of your space. This year brings new exciting trends to office space interior design as it considers the role of employees’ lifestyle changes and self-improvement. Furthermore, enticing interiors are companies’ ploy to lure the best talents and clients. It becomes a factor to optimize performance without sacrificing the perfect office location. Below are some of the 2018 office management trends that would circulate the corporate environment.

  • There will be a community manager.

It helps when there’s an administrator to tie loose networking connections in coworking space. The community manager helps business from various industries to connect and work alongside each other when needed. It enables companies to team up through referral or other forms of networking function. The result increases the value of the office location and furthers the growth of the industry.

  • Workspaces are flexible.

Besides working hours, office spaces are now into flexible arrangements. Some companies embrace unassigned seating and resimercial design on the production floor. On top of that, there are different conference rooms for casual and formal meetings.

  • The one-size-fits-all is dead.

As stated above, every organization has different needs and requirements. Thus, the design of the working is must not be about whether it’s a closed vs. open plan office. The office area must support leadership goals of the organization before anything else. Hence, it must take note of the organization’s unique requirements to optimize employee performance.

  • Women will take over leadership positions.

The number of female employees in an organization will rise as the cultural shifts occur in societies. As companies tap into the potential of women to lead and execute powerful business strategies, the company expands into various proportions. Consequently, exploring the pool of female talents is a great avenue to differentiate your practices from the norm.

Office location, set up and management is the triad of a thriving office environment. A great business location isn’t because you’re in Paseo de Roxas or McKinley Hill. It also considers the workspace layout and administration.

Though start-ups have limited net income, going for coworking spaces just might save the day. Going to a communal working area won’t be bad once the organization sends their location to focus on communicating their brand.

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Smart Investments: Four Ways to Avoid the Common Pitfalls of Investing in Real Estate

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“Persist—Do not take no for an answer. If you are happy to sit at your desk and not take any risk, you will be sitting at your desk for the next twenty years.” –David Rubenstein

Much like any other career or business in the world, real estate investment takes time, commitment and a little discipline to get good at. It does not only take a fortnight to be successful in your real estate endeavors—for some, but it can also even take years and years of trying, failing, learning and getting back at it again.

The trick here is never to give up and keep persisting. After all, every failure is a valuable lesson. Unfortunately, most novices and budding real estate investors would give up at the first brush of failure because they were under the misguided impression that a career in real estate would mean easy money. This could not be any farther from the reality of how things are. The truth is you will try, and you will fail, but this should not deter you. Study and learn as much as you can about the process and refine your techniques. Reevaluate your strategies and try to pinpoint where you have fallen short before. However, if you wish to mitigate the possibility of committing failures, here are some of the tried and tested ways to do exactly that. Whether you are planning to invest on properties in Avida Towers Centera, there are common strategies (proven by those who had already made a fortune in the industry) that would help you succeed with fewer mistakes.

When investing in real estate, here are the principles and concepts you should consider:

1.) Have an analysis spreadsheet that contains your prospective rental properties

A wise investor would not immediately close down on the first best deal he comes across. Instead, he would take note of that, find more deals, collate them and analyze them in a single spreadsheet. Commence your analysis with the Fair Market Value, money down the improvements done, the rental income, expenses and its prospective ROI figure. Weigh your options by subjecting every possible deal through your spreadsheet. This is crucial because it helps you pick out not only the best properties but the best deals as well.

2.) You are buying numbers

Do not make the mistake of envisioning yourself living in the property you are buying. Take note: You are not buying a home to live in; you are investing to buy yourself numbers. Getting far too attached to the property you are investing on can be a fatal mistake as it clouds your judgment. When you are emotionally involved, you will invest far too much time or capital than necessary which could be detrimental to your ROI. This is neither about what you want nor what you need. It is about how much you can make off the property. Remember, channeling most of your financial resources into one property so that you can bloat the rental rate is not always a feasible option. It might even backfire on you.

3.) Do your research

If you are going to be spending a significant amount on an investment property, research is not only recommended but paramount. Do your research and do it again. As stated above, do not buy the first property you see outright. Take your time and look for more properties. Weigh your options and enumerate the reasons that make a certain property great. Run it through your analysis spreadsheet and let the numbers speak for themselves.

4.) Buy local if possible

The operative word here is if possible. This means to buy local only if you can—not buying ONLY local. Do not get too focused on buying local just so you can check on the property. Quality rental properties are still superior to local ones that do not quite make the cut after all. However, if you are already lucky enough to be living in an area with a thriving rental market with proven returns on investment, then buying local should be your initial focus.

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