Month: December 2016

Archives for December 2016

5 Things You Can Do Now to Help Your Business Thrive in 2017

With the year coming to a close, there is no doubt business owners have been planning their 2017 moves for months. From determining budgets to establishing your marketing plans, here’s our list of bases you want to make sure you cover before the year is up!

Evaluate Your Business Processes

Take a good look at what’s working for your business and what needs changing. If the changes are big, you can start implementing them before the year is over. This is an essential first step to tackle before diving deep into your 2017 business transformation.

Focus on Profitability

Create a financial model by closely monitoring your expenses, looking over and possibly updating your marketing plan, and building your projections.

Set a Savings Goal

Business owners should have a savings goal in place by the first day of the new year. This goal should be measurable, and achievable within a realistic time period. Consider the unexpected expenses you had this year, and make sure you’re prepared for the year to come.

Create a Budget

Deciding on and strictly following a realistic budget is an easy way to eliminate unnecessary spending. It’s imperative that you keep your budget in mind to reach your set savings goal.

Keep Up on New Tax Rules and Regulations

Stay on top of the new federal, state, and local tax rules and regulations each year. Some updates like filing dates and changes in tax rates may seem small but can have a significant impact on the success of your business.

How Coworking Can Grow Your Business

More often than ever freelancers, remote workers, and other independent professionals are opting to conduct their day-to-day work in a coworking space. Instead of a traditional cubicle or makeshift set up in a coffee shop, they’re choosing to share an open, non-traditional workspace. According to a recent survey taken at the Global Coworking UnConference, an annual event that explores the various ways we work today, 84% of attendees said they are more engaged and motivated while working from a coworking space than from their homes.

But why pay for a coworking space when your business can be based directly from your home? Despite what you might be thinking, coworking spaces come with several advantages over home-based businesses.

Here are a few reasons why a coworking space may be a good workspace option.

• Coworking is an affordable way to maintain an office space within a shared communal environment equipped with all the necessary resources and support services.

• You’ll find that networking, both professionally and personally, happens quickly and organically within a coworking space. You’ll encounter people from all sectors of business who may serve as a useful connection in your future.

• Unlike most conventional office spaces, creativity flows freely in a coworking space. Open coworking spaces allow for constant collaboration. So sharing ideas, getting feedback, and brainstorming happen naturally.

• Not only will you connect with other business-minded individuals, but you’re likely to grow your client base as well.

• A coworking space is much more than just a kitchen counter. Unlike the distractions of a home office, coworking allows for maximum productivity.

You may have never considered the impact a coworking space can have on the success of your business. But if you’re looking for an affordable office space that encourages collaboration and increase productivity within your business, a coworking space is an effective, proven way to accomplish your goals.

To learn more about how a coworking space can help grow your business, please contact Lakeside Executive Suites at info@lesweston.com or call 954.389.2511.

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