Vital Things To Know For Going From Virtual Business Owner To Having A Business Premise

A high percentage of business owners start out working from home and running their business virtually because by doing so they can significantly reduce the cost of overheads and make it far cheaper to launch and build a successful business. However, as a business grows, often it can outgrow being run remotely, as you begin to require further support and assistance, which is when you might start considering investing in a commercial business premise.


While the fact that you’ve launched and built a business up from nothing and have now got to the stage where you need a commercia premise is extremely exciting, it’s important to understand that there’s a lot more to getting a dedicated business premise than meets the eye. Bearing that in mind, there are some vital things that you should know when it comes to going from being a virtual business owner to having your own business premise.


Photo source: Pixabay


No more solo


Until now, you may have been able to get away with running your business solo but the fact is that once you move your business to a commercial premise this will no longer be the case. You can’t run a business single-handedly in this kind of environment, you need help, especially if you want to give your business the very best chance of success.


Even if you only take on a small team, such as a personal assistant and a couple of team members to help you with the day-to-day running of your business, it’s a start. If you are going to make the most of your new business premise, you need to utilise them by having extra help on hand to boost the speed at which your business grows.


Cleanliness and maintenance is key


Whether you will have other business owners visiting your business premise for meetings or you will have customers coming to see you in your office, it’s crucial that you create the right image. That’s why your business premise needs to be clean and properly maintained. If you can’t manage your commercial property maintenance yourself, it could be worthwhile outsourcing the task to a specialist company, to ensure that it’s properly taken care of.


First impressions matter, which is why you need to ensure that when people visit your business premises, that they like what they see. Whether you’re attempting to find new team members to take on and are holding interviews, have a meeting with your investor, or have potential customers popping in, it’s essential that your place of work creates the right impression.


Money management is key


Yes, your business is doing well, which is how you’ve managed to afford a business premise of your own, but that doesn’t mean that you should stop taking money management seriously. If you want to give your business the very best chance of success, it’s vital that you take money management seriously and are smart about how you spend.


If you’re not sure how to manage your money yourself, there’s plenty of support available. There’s no shame in taking this support, it’s just a case of making sure that whatever you are doing will help to make managing your finances and staying on budget more doable.


Going from running a virtual business to having a business premise is a big change and one that will take a little adjustment. Hopefully, however, the tips above will help you to do that more seamlessly.

Category: Business

Protecting Yourself as a Freelancer

When you think about the majority of large organisations, they all invest a fair amount of energy in protecting their interests, for instance, most retailers will have a loss prevention strategy that reduces theft from consumers (and employees) whilst the majority of professional companies will have professional indemnity insurance to protect their interests in the event of a claim being made against them.

Freelancers, on the other hand, tend to have a more amateur paradigm when it comes to protecting themselves which is perfectly reasonable, yet they leave themselves wide open to the same risks many large companies do – such as the risk of a negligence lawsuit being filed for work they’ve undertaken which is not considered up to scratch.

The majority of freelancers tend to learn from their mistakes, in receipt of reasonably tough experiential lessons – yet as with most things in life, prevention is often better than cure, and therefore it pays to have some prophylactic measures in place to protect yourself as a freelancer.



There are a number of risks you must protect your computer from, which is likely the engine room of your entire freelance set-up… risks such as virus attack, data loss, theft and accidental damage – all of which could render you unable to work and/or losing substantial digital assets you’ve poured sweat, blood and tears into creating, to just vanish.

The best antivirus software for windows 7, for instance, is in high dispute whereas protection for Mac computers tends to be a less debated topic on the basis they are known for being more resilient to viruses and the like.

When it comes to protecting your computer, one of the most sensible things you can do is insure it against all risks, yet this won’t usually result in the precious data being recovered, which is often what people value the most.

Therefore, it’s imperative you back-up regularly, and whilst everyone screams this from the rooftops, it’s interesting how many people have not backed up their computer for ages, and kick themselves if their device is taken.

With regard to damage, people always imagine it wouldn’t happen to them, as they are too careful – yet, accidents do happen and sometimes they aren’t even our fault.  It’s therefore important to rely on insurance and regular back-ups to protect your computer, rather than a misplaced faith that nothing can go wrong.



The most important aspect of your freelance organisation is not your marketing, your equipment, your service or product – it’s you.  As a freelancer you are at the heart of your organisation and therefore, looking after yourself is imperative to protecting your business.  

The challenge, unlike employment is that if you get sick, you aren’t usually able to make money as most freelancers are trading units of their time in return for money – meaning if they stop trading units of time, they stop receiving money.

Therefore, as a freelancer, it’s much more imperative you look after your health, as there is no safety net to fall back on unlike employment which tends to pay sick pay.



You might not feel you need insurance, as a freelancer, yet if you are providing a product or service then it’s a good idea to look into relevant insurance such as public liability and professional indemnity protection.


Category: Uncategorized

Business Booming? Here’s What To Do Next

When you find that business is doing well, it can come as a bit of a shock. Because when you first start your business, you know that you could be in it for the long haul. It may take you a lot of time to really get things right. And you may be okay with that. But when you surprise yourself and you find that you end up doing really well, it can be really cool. Yet, you may not really realize what you’re going to do going forward. Because you could be planning to keep your head down and work really hard for a long time, rather than hit your milestones on time or early. So if this is where you’re at right now, here are some options that you can consider from here.


  1. Continue To Grow

So the very first option you have, is something that is really simple – but that will also benefit your business. And that’s to just continue doing what you’re doing, but on a much bigger scale. So maybe you know that what you’re doing in business is really working right now? When that’s the case, why not amplify what you’re doing? Increasing your marketing budget and looking to push your reach to generate more sales could be exactly what you need to do right now.


  1. Launch A New Product

The next thing you could do, would be to create a new product or service. Maybe you’re doing really well with what you’re doing right now, but you know there could be a new product or service that complements your current offering. You could even test the idea with your existing customers to see if it would be something that they’d be interested in buying from you.


  1. Go International

Or, as a continuation from the first point or the next step on for that, you could also look to go international. Maybe you’re just offering your product or service or business activities to the country that you already live in? Then why not think about going global and offering everything to overseas buyers that you may already know are interested in shopping with you.


  1. Sell Up

Something that some people will be interested in when they find success, is selling. Now, you may wonder why you would do this when you’re doing well. But it could be a great move for you. Find out what your business is worth, with someone such as AFH Wealth Management, to help you decide. If the price is right, maybe it’s a no brainer for you?


  1. Start A New Business

And lastly, you may want to think about starting a new business. Do you love the idea of setting up a new business and going into something completely different? Maybe you’re a serial entrepreneur and moving onto your next project is exactly what you want to do. Whether you decide to continue to grow your business or sell it, another venture into something that you’ve always wanted to do could be perfect for you at this stage.


Category: Business

Process, Process, Process: How You Can Get It Right In Your Business

Starting a business can be such an exciting time for any budding entrepreneur don’t you think? It is a time where you get to see how much you can thrive, how you can build something from nothing into a success and to be proud of your achievements. But, so many businesses can fail in their first year and often that can be down to a lack of process and attention to detail. I wanted to share with you some of the processes you may want to incorporate into your business to ensure that get things off on the right track.



Process when it comes to manufacturing


Not all businesses that are started will have an manufacturing element to them, useless of course, that is your business or you decide to manufacture your own products. But, this could still be a possibility for the future. Manufacturing requires precision and detail, especially when it comes to the machines you use such as non contact measurement systems. Having the right process in place for the manufacturing line, as well as enduring that any risk assessments are done is an essential part of this side of your business.


Process when it comes to marketing


Marketing is an important part of your business as this is what will essentially help your business be seen in the mass market. You could choose to focus on the digital side of things, which is the way many businesses are going these days. A strong social media campaign teamed with a responsive website are two key ingredients to ensuring that you put the right process in place.


Process when it comes to handling employees


You also need to ensure that you have some form of process in place when it comes to handling employees. A business may just start out with just you and your ideas, but if you take the right steps it will soon grow. This means that you need to start thinking about how treat your staff, the working conditions and having a responsibility for their health and safety when they are in your workplace.


Process when it comes to your own work ethic


We can all get a little complacent at times, but when it comes to your business you really need to ensure that you have process in place for your own work ethic. How do you remain focused? How do you remain calm and collected in tough situations? Knowing what works for you will help you to develop your own process for when times get tough or when you need to ensure that you do all that you can.


Process when it comes to the day to day running of your business


Finally, make sure there is some sort of process in place for the day to day running of your business. This could be things like sales or general meetings daily. It might be stock checks or website audits. Even looking through insights on things like social media to ensure that you are getting the best possible reach for posts.


I hope that these tips will help you put the right processes in place for your business.

Category: Business

Starting Right: Ensure Your Freelance Life Is A Success

Working for yourself has an array of benefits, and is becoming a popular way to earn an income. If you’ve trained in English, or have always enjoyed writing for yourself, you could be the ideal candidate for life on your laptop; enjoying the flexible hours and income, it can offer you. You may have just grown tired of an in-house environment and are ready for some time away from the office; whether that’s a short-term or long-term plan. Whatever the reason you want to continue your typing and utilising your literacy skills online; there’s plenty of scope and opportunity out there for you to ensure that you have a steady income for the foreseeable future. It’s worth putting your time and effort into writing a thorough plan of action, to kick off your journey and to make sure it gets off to the best start.


The more you understand about why, how, and where you’ll be working, and how much you’ll be earning will give you a better sense of your new lifestyle ahead. You may need to make some changes to your current life, and begin thinking about your backup plan in case things don’t work out. It’s always better to be safe than sorry, and you’ll be able to remain upbeat and positive about your new job prospects. The following are some ideas, inspiration and advice for those who are tempted by freelancing, and who want their transition to be as smooth as possible.



Time For Professionalism


Although you’ll be able to enjoy the flexibility that freelance writing can provide; it’s crucial to work out what hours you can do and achieve each day. You’re your own boss, so set yourself some rules; you’ll know if you work better in the morning, throughout the day, or are a typical night owl. Therefore, ensure you’re putting in the right amount each day, and give yourself some contingency to cover those moments when you get writer’s block. The stricter you are with yourself when it comes to completing your projects; the more you’ll be able to enjoy your free time and freedom, which are part of your new role. You’ll also need to ensure that the legal side of your work and contract are sorted out. Whether you have to learn what is Ir35 or know your rights regarding claiming money back from your temporary employer for travel expenses; it’s worth researching what you can, knowing your rights, and what you owe in return.


Time For A Proactive Approach


As any experienced freelancer will tell you; you need to be proactive when it comes to getting your work opportunities, it’s rare that great projects fall into your laptop. Therefore, make sure that you’ve created a space online where you can showcase the best of your work, and can continue to hone those writing skills. If you’re unsure about how your website or blog will come across to others, it’s worth checking out places where you can learn the skills needed to create your ideal online environment. If visitors and those you’ve reached out to are impressed by what they see when they land on your homepage; they’re more likely to get in contact with some work, or keep you in mind for the future.


Category: Business

How To Host A Successful Outdoor Business Event


Hosting a business event outdoors can be a great way of making it a more memorable occasion. It could also give you more space to put on the event that you want. Unfortunately, there are some drawbacks to hosting an event outdoors such as possibility of bad weather and the difficulties of supplying power. Here are just a few tips for making sure that your outdoor event goes smoothly.


Consider whether you need a permit

Some areas of land such as fields may not be privately owned but you may still need a permit from a local council. You may also have to abide by certain area rules – there may be noise restrictions past a certain time in the evening (usually 9pm) and you may have to ensure fire safety is adhered to. This is worth looking into first when choosing a location so that your event doesn’t get shut down.


Prepare yourself for all weathers

Hosting an event outdoors puts you at the mercy of the elements. It’s often a safe option to hire a marquee to host the main event under – this will provide shelter from the rain and shade from the sun. You may also want to consider the ground quality and whether it is likely to get muddy in the rain. You could always lay down mats to walk on, however this could get expensive over a large area. Avoid hosting an event at the bottom of a hill where water is likely to run off and create boggy ground.


Invest in the right power source

You’ll likely need power if you’ve got any electronic appliances at your event. If your event is in the grounds of a building and you’re only using one or two appliances, you may be able to get away with running a waterproof extension cord from one of this building’s power outlets. However, in most cases, you’re better off to buy a generator. There are lots of different generators on the market, each with their own perks. If you want to keep the noise down, you may want to look into a silent generator. If you want to project a green image, you may want to consider a solar generator. If you’ve got a huge number of appliances to plug in, you may want to hire a heavy duty generator.


Consider lighting and heating

For evening events, having some form of lighting could be vital. These could anything from spotlights to tiny solar lights. You may also want to consider investing in some outdoor heating. There are portable electric outdoors heaters that could help to warm up your guests – just make sure that they’re safe to use under your circumstances.


Deter pests

You may also want to consider ways to deter pests so that these don’t ruin your event. Citronella candles will keep away the mosquitoes whilst wasp traps can help to deter wasps. Also make sure that any food at your event is covered up.


Category: Business

How Technology is Revolutionising The Construction Industry

If you work within the property development sector you will be aware of the restrictive elements of developing areas that are not on your doorstep. Unless you are able to travel to every site you are involved with, it’s extremely difficult to visualise the project in “real time”. It is also hard to imagine how the final outcome of the property will look once completed. Of course you will be able to view plans and photographs, but the overall effect will be somewhat lacking in comparison to actually being there. Therefore investing in property development overseas has always carried an element of risk, as you don’t know absolutely what you are taking on.




The construction industry has remained unchanged for years and it is the one of the last sectors to be influenced by technological advancements. This is changing, which is fantastic news for the property developer. New technology now allows companies such as to transform sketches, ideas and 2D plans into 3D photorealistic views and animations. Viewing a project in 3D allows a more realistic perspective to be attained, which allows for better investment decisions.


As well as 3D technology, advancements are reaching other areas of construction. The whole industry is likely to be revolutionised in the near future.



Drones are being utilised more and more in the surveying of land earmarked for development. Surveying land in the traditional way is labour intensive and laborious, surveying land from the ground is also susceptible to human error. Surveying the land via drones is quick and cost effective as well as being safe. Hazards present in the area being surveyed can also be easily identified from the sky, which lowers the chance of accidents to construction workers. The security of building sites can also be effectively monitored as the drone provides a birds eye view.


Virtual reality

Virtual reality technology is being implemented into many sectors ranging from medicine to tourism. In construction virtual reality is extremely useful, especially if you wish to view an area or property some distance from you. Virtual reality is a fully immersible experience, which allows you to walk through properties room by room and view an area as if you are actually there. Of course it is still fake, but it gives potential buyers and investors a much clearer idea than photographs and plans.


3D printing

3D printers have been around for a while and the media have highlighted the incredible ways that 3D printers can build prosthetic organs in the medical field, musical instruments and car parts. China has recently used 3D printing technology to build 10 hours all within 24 hours from start to finish! If this technology can be developed further by property developers in other countries, the current housing crisis could be reduced considerably. Manpower costs are reduced and there is less wastage of materials, not to mention the speed of the process.


To conclude although the construction industry has stayed mainly technology free up until recently, there is no limit as to how technology will affect the sector in the future. The traditional working model of a construction firm is likely to change considerably and the industry will need to adapt in order to incorporate new innovation.   


Category: Business

Safeguard Your Business With These Smart Strategies

No one wants their business to fail, but many still do. In fact, at least half of all small business cease trading in the first year they are started. However, you can safeguard your business from possible failures by using the strategies below. Read on to find out what they are.


Protect your business from unexpected problems.


The world we live in is not always predictable, and things happen that we just don’t see coming in the business world. Luckily, there are ways that you can protect your business form the effect of this. In particular, taking out the correct insurances can get your company out of a tight spot if anything was to happen.


Most businesses need to consider el insurance services which cover them if an employee is injured or harmed on their premises. Then there is professional indemnity insurance that will cover the legal and compensation costs if your business is sued by a customer that has lost money from an error or omission you made.


Of course, there are other types of insurance as well that relate to different businesses, so be sure to do your homework thoroughly, and get as much coverage as possible.


Ensure they you have a stable revenue stream.



Next, if you wish to safeguard your business investment from failure, you will need to come up with ways to secure a stable revenue stream. What this means is that from month to month you will want a minimum amount of money coming into the businesses.


Happily, there are lots of ways to doing this from marketing to expanding into other markets and even globally. You might also address this is in your business model itself, just like subscription businesses do by ensuring they have a regular income for a certain amount of time. Something that can negative revenue stream problem before they even occur.


Recruit and keep the best people.


People are vital, and in business, the right employees can mean the difference between success and failure. With this in mind, it’s critical that your recruitment process is robust and weeds out any untenable and undesirable candidates at the very beginning.


It’s also important to offer excellent salaries and reward packages, as well as to keep an eye on company culture, as well as promotion and training opportunities for those that are already working for you. This is because it is these things that help people to be most satisfied with their jobs so they will help you to retain them in the long term.


Listen to your customer base.


Lastly, if you want your business to fail, just do your own thing and don’t listen to what the people that are paying you think. However, if you’re going to avoid failure, it’s a pretty good idea to listen to your customers as much as possible, and act on what they are saying.


Listening to what your customers have to say is pretty important if you want to avoid failure.



To that end, providing plenty of opportunities for customers to contact you and review the services and products you provide is essential. Luckily, with modern tech like chat boxes, email, social media, and review sites, this is pretty easy to do, and when combined with the other tips above can help to safeguard your business from possible failures.


Category: Business

Project Projection: Technology That Predicts For Us

There used to be a time when modellers were revered for the representation of a project they could make. There were boardrooms all over the globe that would have brought in, miniature 3-D models of a project, so that executives and CEOs could see their vision in-person. This could have been the first model of the World Trade Center, the very first model of the Concorde, or even something as simple as a shopping mall. These artists would spend hundreds of hours sculpting each little detail of a project for a company, using their hands. Thankfully no one needs to wait or make such real-life models anymore, as technology has taken 3-D modelling to a new height. No matter what project is on the table, the software will project the result of any scenario. It can predict what will or could happen, just by using the parameters we set. Where is such technology being used you ask?



Rocket design


Rocket science is evolving at an astonishing rate. SpaceX has done what many experts said was a redundant fantasy and developed rockets that can launch spaceships and satellites multiple times by returning back to earth safely. Coding software was used to predict and estimate what kind of atmospheric pressures the rockets would be under. Bear in mind that the rocket needs to go in and out of the earth’s atmosphere which means going through what scientists call ‘max q’ which is the maximum aerodynamic pressure the rocket feels. The software gave the scientists an accurate prediction of what their design would have to go through and survive. This lead to the design of the rocket following the advice of what a program told them. And in the end, a tall and slim rocket was built, which was able to withstand massive pressures both on it’s way out of the earth’s atmosphere and when re-entering it again.



Spacing in the trades


With so much of the earth’s land being covered by manmade buildings, every square inch of space is vital to a construction project; or rather the client. It’s the tradesmen’s job to calculate the space inside a project to the tee, so the client is only paying as much as she or her needs to. The builder can upload the floorplan of a project, and with a costing program for tradesmen, accurately predict the size and cost of the project. For example, if a client wants to build another floor on their house, and specifically wants three adult bedrooms, the tradesmen can divide the floor that hasn’t been built yet, into three proportionally identical rooms and give the correct cost to the client. This not only saves hours and hours of time for the trader who can go off to other projects and clients, but leaves no room of doubt. Trust is elevated and time is saved which is crucial for the initial stages of a building.


Human beings are smart, we can do amazing things with just a pen and paper. However, doubt and inaccuracies are limited by modern software, which allows us to build technology that actually works.


Category: Business

It’s Time to Make Your Business Fit for the Future

What does the future mean to your business? It is something that you’ve give much thought to yet? If not, it’s time to change all that right now. You will need to make sure that your business is prepared for the future and what it might hold because if it’s not, it could get hit by changes that topple it. That’s not what you want to happen, obviously, so what should you do to make sure that your business is fit for the future? That’s the question we’re going to try and answer right now.


Prove Your Worth to Existing Customers

The first thing you need to do is sure up your support amongst existing customers because if these people start deserting your company, you will really struggle in the future. So you need to find ways of proving to these customers that you can still offer them something important and something that they can’t get elsewhere. It’s up to you to prove those points though.


Automate What You Can

Automation is going to be a huge part of the future of business. And it’s one of those things that some people have already been very quick to adapt. Everything from payroll systems to moving large items can be automated, and plenty of other things will be possible with automation in the not too distant future.



Learn From the Failings of Other Businesses


Plenty of other businesses have tried and failed before yours, and you should do your best to learn from other people who have been found out and failed as a result. You want to avoid making the kinds of mistakes that have led other business similar to yours towards failure.


Upgrade Your Team’s Computer Skills

This is one of those things that’s not going to decrease in importance any time soon. If you feel like your team is lacking in certain basic computer skills, this could be really slowing your business down and stopping you from achieving all the things you want to achieve. You can upgrade these skills with Wise Owl Training if you want to. It could be just what your employees require right now.


Track Where the Customer Demand is Heading

Customers don’t stay the same forever, and what they want from a business like yours is not going to stay the same for very long either. You need to get better at tracking the changing needs and demands of your target customers. That way, you can spot trends and predict where customer demand is heading. It’s important to give this some thought if you want your business to remain active.


If your business is not properly prepared for the future, it’s going to start struggling sooner or later. So make sure that you’re able to move with the times and keep appealing to customers, no matter what other changes are going on around you in the market. If you keep pushing your business to change in the right ways, you should be fine.

Category: Business