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News Roundup for SME Businesses & Startups

No Apple Presenter Speaks for Longer Than 10 Minutes, and the Reason Is Backed by Neuroscience If you do any public speaking or group presentations as part of your business, then you’ll likely appreciate this post. According to neuroscientists, the brain is easily bored – in fact, “our brains have a built-in stopwatch that ends around 10 minutes.” Most people tune out of a presentation in the first 10 minutes, unless a change is introduced to re-engage them. Such a change can be a video, for instance, or in the case of Apple’s annual events to showcase its newest products, new voices. The author describes how Apple has mastered this in its presentations, citing its most recent (September 12th) event, where the audience watched three videos and heard four distinct voices within the first 30...

News Roundup for SME Businesses & Startups

4 Benefits That Explain Why Large Companies Are Increasingly Turning to Coworking The concept of coworking space as a sparse, open space design workplace for tech-startup millennials is no longer viable. The co-authors of this article point out how professional coworking space has evolved to provide “chic environments with amenities” such as private offices, high-tech security and furnishings, honor bars and cafes, social and networking events, and more. Coworking space has also evolved in providing significant advantages to larger companies, specifically these four: they can recruit from diverse geographic locations; they can leverage the option of open space to fuel collaboration and boost creativity among different teams; they can easily expand into a new market with temporary headquart...

News Roundup for SME Businesses & Startups

Clever Capital: 5 Ways Small Business Owners Can Save Money Periods of financial instability are often unavoidable for small business owners, especially those who are just launching their business. Here are five tips to help you save money, a few of which are directed specifically to startups: Be Smart with Workspaces: Renting a serviced or virtual office rather than leasing an expensive commercial office can significantly reduce your overhead costs. Check Out Government Initiatives: There are many government initiatives available that are worth your while to explore before launching your business. Utilize Virtual Staff: Rather than hiring an in-house administrative assistant or other support staff, look into virtual staffing options that can save you considerable operational and HR costs....

How & Why Big Business Will Drive Coworking Office Space Growth

Coworking & Flexible Workspace: Will It Be the Death of Traditional Offices? Since coworking and flexible workspace became a trend a few years ago, office space design has been the subject of much speculation and discussion. Business sites like Inc., Entrepreneur, Harvard Business Review and Forbes have featured numerous articles about the latest and greatest coworking/flexible office space designs, and of course, we at Telsec Business Centres have discussed alternative office space options for several years now, as providing office space in its many variations is both our specialty and service. Here we continue the conversation about coworking and flexible workspace from the perspective that not only does it make good business sense for entrepreneurs, startups and SME businesses, but ...

News Roundup for SME Businesses & Startups

Mark Cuban Says This Is the 1 Mistake New Entrepreneurs Always Make Mark Cuban of Shark Tank fame says that the “biggest mistake entrepreneurs make when they’re first starting out is they think they have to raise money, and that raising money is an accomplishment.” He continues, “Raising money isn’t an accomplishment, it’s an obligation.” He contends that “the best equity is sweat equity,” and “the more you can do without raising money, the further you’ll go and the more of your company you’ll own.” His advice is to focus on sales: “Sales cures all. There’s never been a company that succeeded without sales. It’s not about raising money, it’s not about the idea. It’s about finding customers that you can really create value for and making them happy.” The author of the article states that ve...

News Roundup for SME Businesses & Startups

I Doubled My Revenue in 12 Months by Analyzing These 3 Types of Data If you are among the 60% of entrepreneurs who are collecting data but not using it to make decisions, the solopreneur and author of this article demonstrates from her own experience why big data isn’t just for big business. By “trusting the numbers and making decisions to act based on the data I collected,” she describes how she eliminated a revenue source and still doubled her income in a year by tracking and continuously measuring three types of data: monthly expenses and revenue, which led to her decision to drop her contracted commercial office space; granular customer data – “anything and everything you can measure” – which allows for making changes throughout customer cycles and helps with future sales; and monthly ...

News Roundup for SME Businesses & Startups

If You Know When You’re Going to Lose, You’re Closer to Winning Than Everybody Else The author of this article, CEO of Steiner Sports, draws on his 30+ years in business to share the lessons he’s learned along the way – especially, these two: first, in order to succeed you have to build meaningful relationships with partners and potential partners and learn ways to bring value to them; and secondly, be prepared for the inevitable losses that come on the road to winning in your business. Winning, he states, really is all about growth, meaning long-term growth. He writes, “It’s true in sports, but also in business, that understanding what losing feels like can be somewhat therapeutic. Motivation is never lacking when you have a goal, fail to reach that goal and then have the opportunity to r...

News Roundup for SME Businesses & Startups

5 Benefits of a Serviced Office for Your Startup Among the challenges startups face is finding an affordable, flexible office space in a prime location. With a traditional commercial office rental, this translates into high overhead, infrastructure and operational costs. An alternative is a serviced office, which offers five explicit cost-saving benefits: Location: A well-located serviced office in a business center offers an office address in the local central business district and nearby amenities, as well as convenient access for both employees and clients. Flexibility: With no long-term fixed rental contracts, serviced offices allow for flexibility with pay-as-you-go usage and short-term leases, as well as options to up- or downsize your office space according to your business needs. N...

Alternative Office Space: A Better Way to Conduct Your Business

Why Home Offices Should Move to an Alternative Office Space It’s true: working from the comfort of your home may be an idyllic scenario for those who are self-employed, or for online entrepreneurs running a small business with only a handful of remote employees. Depending on where you live, a home office can also spare you the time, expense and hassle of a commute. However, it’s also true that working from home has its drawbacks — and many more than you might expect, if not already experienced. Here, we explore why you should move your office from your home to an alternative office space, such as a shared, traditional (private or semi-private), or coworking space — or at the very least, consider renting a virtual office. De-Romanticizing the Home Office: A Reality Check When di...

News Roundup for SME Businesses & Startups

ICOs: An Exciting New Way to Finance Your Business Idea Traditional means of financing business ideas now have a new competitor: Initial Coin Offerings (ICOs), based on cryptocurrency blockchain technology, have emerged as an innovative form of investment for startups. With banks cautious about extending credit to entrepreneurs due to the high percentage of startup failures (or the individual’s less than stellar personal credit history), and the potential for business ideas and plans to be stolen via crowdfunding publicity, the better options are to either bootstrap your startup (if at all possible) or obtain investment capital through ICOs. The author explains how ICOs work: “Young companies, presenting their white papers, raise capital. They do this by selling tokens, which investors can...