Office Space Advice
Regus Offers Five Tips for Budding Entrepreneurs
Published February 5th, 2010 by Jennifer LeClaire
Regus is putting on its small business consulting cap this week and offering advice for budding entrepreneurs. The serviced office giant figures that the combination of unemployment figures hitting record highs and tight credit markets is breeding entrepreneurs. Cash-conscious entrepreneurs might be a better description.
So what are Regus’ top five tips for ambitious boot-strappers? Let’s dive right in.
1. Divide the best from the rest
First, focus on what you do best and outsource the rest. Regus says small businesses should consider letting someone else handle administrative tasks, such as hiring an office manager or selecting an Internet Service Provider.
2. Look the part
Regus rightly states that a professional image is vital to success. That may mean having an impressive office space to entertain potential clients and investors. Rather than leasing traditional office space, Regus suggests serviced office alternatives to keep costs down.
3. A penny saved…
Is a penny earned. The goal is to make more than you spend. Regus says too many entrepreneurs spend money on items they won’t use or don’t really need. Rather than investing in the latest Apple gadget, you may want to invest in strong employees, technology and marketing.
4. Opening your second office
Maybe you are opening a satellite location. Regus says expanding doesn’t have to be risky when you tap into virtual offices or part-time offices. This gives you an opportunity to explore the market without a large physical presence there.
5. Network, network, network
It’s written three times for a reason. Networking is critical to developing new business relationships at the entrepreneurial level. That may mean attending Chamber of Commerce meetings or building a presence on social networks – or both.
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About the Author
Bill Brookshire February 5th, 2010 at 11:47 am
Good advice. I definitely believe serviced offices play a key role in helping companies save on start-up costs. I think if you grow your company past a certain size, executive suites make less sense. But even large companies are using business centers to explore new territories. All around good advice from Regus.
Elizabeth Sanchez February 5th, 2010 at 11:57 am
Regus is smart to position itself as the small business expert by offering these types of tips. I think it would be more powerful if they actually attributed them to a real live person rather than just generic tips from the company. But still… I agree with Bill. It’s good advice for companies — whether they use serviced office space or not.