5 Types Of Crisis Your Business Could Face

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Sooner or later, no matter their size, industry, or location, all businesses face some sort of crisis. Nobody ever plans for something to go wrong – It just happens, and usually at the worst possible time. Some of these problems can be avoided, but many can’t. Either way, you should prepare for them. No entrepreneur wants to anticipate failure, but it is crucial that you’re ready to handle disasters when they happen. With that in mind, here are five crises your business could face.

  1. Financial Crisis

Money is the single most important resource a business has. After all, without any money, you wouldn’t be able to stay up and running. When a financial crisis occurs, therefore, this can cause a lot of problems. Essentially, this disaster happens when you’re hit by a sudden and huge financial loss. In a case like this, a business emergency fund would be helpful by allowing you to pay immediate costs. You might also need to access credit and find ways to reduce overheads.

  1. Technological Crisis

Every business nowadays relies on technology in one way or another. This means that any breakdown in technological appliances could impact your service in a big way. The first step in managing a problem like this is enlisting the help of an expert. You may have an in-house IT team, but most businesses work with an IT consulting company. Once the problem is solved, and your business is back up and running, you need to prevent the issue from happening again.

  1. Natural Crisis

A natural crisis would take place because of a natural phenomenon, like a flood, earthquake, or tornado. Although these types of disasters may be rare where you live, they can still have a significant impact when they do occur. The best way to defend against a problem like this is to be proactive. You should use an office that is resilient to the weather and prepare an evacuation plan. It’s also important that you have somewhere else the business could work, just in case.

  1. Personnel Crisis

You may have started your business alone, but, at some point, you will have needed to bring on other people to help you tackle the workload. The problem with this is that more people means a higher chance of mistakes. When someone associated with your business gets involved in something unethical or illegal, it can impact your reputation too. In a case like this, you would need to evaluate the situation and determine what disciplinary action is appropriate.

  1. Organizational Crisis

Your business exists to serve the customers. When it fails to do that, therefore, and instead wrongs them, it can cause big problems. Whether you misuse your position as a manager, withhold information, or exploit the consumers in some way, it leads to mistrust, which could ultimately drag your business down. The only way to fix this is to admit to your mistakes and vow to improve the company culture.

Every entrepreneur faces a crisis at some point. Hopefully, with the advice above, you now know what do when it happens in your business.

Thinking Of Starting Your Own Business? Be Sure To Steer The Ship Away From These Icebergs!

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For many of us, especially the millennial generation, climbing the career ladder can be inherently frustrating. When young people emerge from the world of education and enter the world of work, they often find that the assumed truths on which they were raised wither under the lights of experience. The hard work and endeavor they’ve been conditioned to believe would live to success and fortune are barely enough to get them on the bottom rung. In an era where graduates outnumber vacancies, undergraduates are often being trained for jobs that don’t actually exist. Thus, bright and talented individuals can spend years wasting away in cubicles while their skills atrophy. Is it any wonder that entrepreneurship is an increasingly attractive to young people?

For a number of reasons, millennials make great entrepreneurs. Nonetheless, starting a business, even one with relatively low startup costs is a risky business. If you wish to set sail on the path of business ownership, be sure to steer the ship away from the following icebergs…

Lack of market research

When you have an idea for a business that you’re passionate and excited about, it’s easy to assume that everyone will share your passion. But even if your business mentors, business angels, prospective vendors and everyone else you show your business plan to get excited about your business… Unfortunately, this doesn’t necessarily mean that consumers will.

This is why your business plan needs to be backed by meticulous market research. The qualitative and quantitative data you glean from this can allow you to refine your idea to ensure that it resonates with your target market. If you don’t take the needs of your consumers into account, you can’t expect them to get excited about your brand.

Crippling startup costs

In a lot of ways, applying for startup funding is like applying for a mortgage. Just because you can borrow a certain amount doesn’t mean you should. Securing business startup funding can be tricky and if you are allowed to borrow a large amount you may well be tempted to go for the maximum possible amount you can for the betterment of your business. But this can hobble your new startup with debt.

The repayments and interest rates can place a stranglehold on your cash flow, meaning that it can take years for your business to become profitable.

Under investing

While new entrepreneurs do well to be conscious of the purse strings, they should also be wary of under investing. Under investment in your business can curtail the quality of your products or services and make your life a whole lot harder. If you under invest in outsourced help, you can find yourself doing too much by yourself  and this is a recipe for burnout.

Don’t be afraid to invest in managed IT services like https://www.arnettechnologies.com/ as these are usually much cheaper than managing your own IT infrastructure. Likewise outsourced HR and digital marketing can also generate significant returns on your investment.

Assuming your customers’ loyalty

Finally, as dangerous as it is to assume “if you build it they will come”, it’s even more dangerous to assume that they will come back. It costs a great deal more to attract a new customer than to retain existing customers. Make sure that you offer a rewards system or loyalty scheme that incentivizes customers to return to you rather than taking a chance on your competitors.

What Is Free Cash Flow, And Why Is It Important To Your Business?

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If you’ve dipped into accounting because you’re thinking about starting up a business, then you may have come across the term “free cash flow.” But what exactly is FCF, and why is it important?

What Is Free Cash Flow?

Free cash flow is the amount of money your business generates after deducting operating expenses and the cost of buying assets, like equipment or buildings. Free cash flow, therefore, is what matters when you want to buy anything else for your business, like hiring new people, reducing debt, or paying yourself a dividend.

Why Is Free Cash Flow Important For Small Businesses?

Strategy consulting firms know how important it is for businesses to have healthy FCF to expand their operations and grow. But it’s not something that’s appreciated by many owners themselves. Here’s why FCF is so essential.

Strong FCF Improves Your Negotiating Position

Companies that have strong FCF are able to meet their obligations to suppliers more reliably. A business generating excess cash above regular expenses has more money on-hand, there and then, to pay other firms for the services it needs to provide value to customers.

From the perspective of other businesses, this is a good thing. The more cash that a company has available, the more likely they are going to be paid and, hence, the more likely they are to offer favorable rates. Take a lender, for instance. A lender, like a bank, who can see that your firm is generating extra cash every month is much more likely to lend at a lower rate than if your FCF is negative because they believe that they stand an excellent chance of being paid back.

Suppliers also like lots of free cash flow. The last thing they want is to make a delivery to your firm, only to find out that you don’t have the funds available to pay them.

Good FCF Helps To Pay Down Debt

We’re currently living through something of a debt explosion. Companies, both large and small, are taking advantage of low-interest rates to fuel their activities. But many see the era of low-interest rates coming to an end. Central banks have already committed to raising rates, and quantitative easing has come to an end.

Businesses with good FCF are in a much better position to service their debt and pay it down than other companies in the market. If you can secure good cash flow at the end of each quarter to meet your debt obligations, you can reduce your overall payments long term.

Good FCF Gives You Freedom To Invest

Finally, having good FCF gives you the financial freedom you need to do what you want. You can either take the FCF in the form of a personal dividend, boosting your own income, or you can keep cash on-hand to take advantages of opportunities when they come your way: the choice is yours.

Building efficiency and leanness are essential if you want to be able to generate plenty of FCF. Is your company lean?

Making Savvy Decisions Within Your Business: The Tools That You Have

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Starting your business will not have been an easy decision to make. You will have had to think about all sorts of different avenues and aspects in order to feel confident with such a life change. You may have been comfortable in your job, perhaps not loving it, but certain with job security and a constituent wage. To go from that security to nothing can be very overwhelming. Taking the plunge is huge, but the decisions don’t stop there. Once you have your business up and running everything falls on you.

Whether you need to decide about products or services you supply, how you sell, your branding, your marketing, and who your hire, these can be just some of the decisions that you need to make on a daily basis. It is enough to even bother the most entrepreneurial among you. So what can you do? There are things you can do, change and habits you can develop that can help lead you on the path to making savvy decisions within your business. Here are some of the things that you could try.

How you start your morning at home

Sometimes the way you start your day can have a huge impact on the rest of it. You stump your toe for example, and you don’t let it go, could mean a knock on effect for other negative things to happen during the day. If you start your day in a positive way, then things can have a much better effect. But, how do you do it? It could be some simple changes that you make that could have a big impact. For example, getting up earlier and exercising so that you get your body moving right away. Having a nutritious breakfast and taking the time to enjoy it. It might be settling down to enjoy a coffee and listening to headlines or information relating to business. For example, the Alexa home device could be programmed with things such as https://www.amazon.com/Teknicks-Internet-Marketing-News/dp/B076J1HBYK to give you business trends and headlines specific to your business. This could give you the heads up you need for the rest of the day, and any decisions you need to make. This could also work with listening to podcasts and radio shows.

Being productive on the commute into work

If you commute to work on public transport, then this is a golden opportunity to get information and to be more aware of what is going on. You could read the newspaper, read a magazine, or documents and articles specific to your business remit. Or you could listen to it instead, perhaps even a podcast all about positivity and feeling confident in yourself. Helping you to be more sure of yourself when you are faced with difficult decisions. If you drive to work, you can use this as an opportunity to listen to things that will have a positive impact on you.

Keeping a line of communication open with staff

Having a business is one thing, but when you have staff and employees working towards the same goal, it is important for you to keep the lines of communication open with them. As a leader, you will be in charge of what is going on, but you will also want to be approachable in terms of people wanting to discuss things with you. After all, what they want to discuss may affect the business in some way. There will be some members of staff that you need their opinions from in order to make some of the decisions that you could be faced with, so keeping these lines of communication open will help you get relevant information you need freely and quickly.

Being open to suggestions and advice

The hardest thing an entrepreneur or business leader has to do is listen to outside information on something, their business, where they feel they are the experts in their field. You created the business, so surely you know all there is to know. That can be true in some sense, but that doesn’t mean that outside opinions, critiques and suggestions can’t be beneficial to make more improvements and to drive the business forward. Always be open to these things, as the next golden nugget of information could come from and outside source.

Taking regular breaks away from your desk and phone

Making decisions and running a business is tiring, and draining, so even though you are in charge, it is important for you take regular breaks away from your desk and your phone. This will help you to clear your mind a little, and then perhaps make wiser choices and decisions with a fresh outlook. It might simply be walking to the shop for a coffee or water, or just getting outside for five minutes of fresh air before returning to your desk to carry on.

Keeping a close eye on trends

Decisions can only be made well if you have all of the facts, so it is always going to be worthwhile to stay ahead of the curve and keep a close eye on changing trend sin your business area, but also in areas of business that could affect you in some way. This could be trade, accounting, tax or specific to your business. Knowing all of the facts will help you to make more informed decisions.

Networking with like-minded people at events

It can often be a lonely place running a business, so networking events where you are talking to like-minded people can be hugely beneficial to you. You can bounce ideas of people, talk about different market trends and things that are going on. Sometimes doing this can help you to get a more centered approach to a decision that you need to make within your business.

Taking time to think about your decisions

Finally, as tempting as it may be, try and not rush any big decisions that you need to make. Sometimes talking an extra few minutes to consider all of your options will either solidify your choice, or raise another option that could be worth exploring.

Let’s hope that these tips and suggestions help you to make savvy decisions within your business.

What History Can Teach Us About Business

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The old adage ‘business moves quickly’ is true. But it brings its past lessons along for the ride. There is no other way to learn if something is going to work or not then just by doing it. Exchange rates, technology, our ability to travel wherever we like at the drop of a hat, those things we take for granted. But they were hard forged by many men, business and otherwise, before us.

“the pace of change has never been this fast, yet it will never be this slow again.” – Justin Trudeau

And that is quite something to think about. The lessons from the men and women who have been in business for years, sometimes whole generations of skill passed down through the family. Others are taught in schools, universities, and colleges. Both Ivy League and Community.

The books that teach us theory were written in the time where that theory was new. And, many years later, we find ourselves using them for reference.

Products To Market

Something that we now have access to that we didn’t merely 20 years ago is a raft of information. We can find anything we want. From how cheese was first invented to how many people are How Many WW2 Veterans are Still Alive? There is a lot for us to learn. So when we are building our market research, looking for case studies to support our theories or debunk others – it’s there. Learning how people first took certain products to market and comparing that with now – it’s pretty amazing. Now we can simply set up a Facebook channel and have images of our products online.

The road to success was more difficult, now we are fortunate that even with a small product line, we can make a relatively good living only selling online.

Finance

We can often use past financial certainties to predict future impact. When we are putting together our business plans, and the financial forecast to take to the bank – we always use previous sales to indicate where we think the future will take us. In specific markets, you can predict rises and falls by looking at years of numbers.

The most significant impact on business has rarely been about new products or technologies – instead, they have been about the development of prices.

When farmers suffer lousy crop years, or there is a weather anomaly that impacts what they produce – there is typically less of that product. What happens then is the price will rise in the future – impacting other industries, and the costs will get passed on to the consumer. This might not be in the same quarter that the initial disaster was, it might be months later – sometimes years.

First

Isn’t always best. Sometimes the person who is first to market, or the first with a new technology suffers a colossal flop. They don’t always get it right. New products are in production right this moment – many of which are an updated, better tested, forward stride of what came before. They say that is your first product was perfect then you waited too long.

But perhaps it should be if your first product was perfect you learned from the mistakes of others who came before you.

Branding

There are brands that many of us love today, that started out a shadow of what they are today. They knew then, and it still holds true now, it is about perception. Great painters and poets turn people into ‘god’ like figures with words and images. So that is now how a person might refer to them – rather than who and what they actually were. Artists in modern times might be found in the graphics department and the PR department. The craft brands into what they want you to see. Looking at the past of brand giants, and seeing how they manipulated what they were doing, and even the color of their logos. In fact, JP Morgan Chase, for example, was founded in 1799 and was initially The Manhattan Group. Through mergers and wise investments, it is thriving under a name we are familiar with now JP Morgan Chase.

Storytelling

People now have the term ‘storyteller’ in their LinkedIn profiles. And for some it is a too fluffy term, others it is a subtle nod in how modern communications work. But Storytellers are an integral part of many businesses. It is a creative and emotive way to get consumers to ‘feel’ something about your brand. And in doing so, they are more likely to spend money – with you.

In terms of history, it would be remiss not to mention Shakespeare – for some the ultimate storyteller. Mark Twain who captures humor so elegantly, Keats who pressed and pulls on your heartstrings. They led the way, without knowing or meaning to, to make words matter.

The now matter in such a way that the communications team can sculpt and mold quantitative and qualitative data into something easy to digest at a 9am meeting.

Stories, or any type of communication, is witty, it’s strategic, it links up your audience with your brand and products. But it wouldn’t have been possible without artists and creators who paved the way for the creative story.

Connecting The Dots

Of course, not everything will make sense when lined up next to your business. But there will be many records about companies that have come before you. The mistakes they made, the financials, and in some cases, what cause them to collapse. If you can extract the relevant information, you can future proof your business using the history of others.

Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him – Dwight D. Eisenhower.

In general, it is essential to understand that the grooves that businesses, dating back to the time cargo was transported via ships taking months, are important. You can link economic issues, housing booms, bank collapse, and breakthrough technology to the anchor points of the past. And in doing so, you will have a richer, more in-depth understanding of not only your own business but that of others too.

Brilliant Ways to Build Brand Awareness

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Increasing brand awareness means consumers and clients will be familiar with what your company does, how it does it and what it stands for. For many companies, having consumers recognize their brand simply from a logo, color pattern or phrase is the ultimate in brand awareness. As well as being aware of your brand, consumers and clients will associate it with positive attributes, such as high quality, customer service, and reliability, which helps to fuel your rise to the top of the market.

Although businesses often spend a considerable amount of time and resources focusing on brand awareness, there are some simple, straightforward and budget-friendly ways to build brand awareness, such as…

Increase Engagement

By getting your target demographic to engage with your company, they are more exposed to your brand identity and are more likely to associate positive traits with it. Whether you offer an incentive to retweet a hashtag, ask users to share brand-related content or run a competition on social media, any form of online marketing which encourages users to interact and engage with you can help to build brand awareness.

Get Published

As well as getting your name out there on consumer-focused platforms, having your content published on professional sites can be beneficial too. Many organizations and websites routinely feature guest editors or guest posters, and this can be a cost-effective way to increase your reach, share your content and build brand awareness inside the industry.

Hone Your Company Personality

Companies which use humor and originality to create a unique personality are often those who are most well-known. Consumers tend to remember these brands more easily and are certainly more aware of them. Of course, devising an effective and appropriate corporate personality isn’t always easy but there are plenty of digital agencies which can help you to achieve your objectives.

Use PPC Advertising

Perhaps a safer option, PPC advertising can be a cost-effective way to get your brand name in front of users who are actively looking for related products or services. This form of online marketing enables you to select keywords or terms and appear in related search results, so you can be sure that you’re increasing brand awareness within your target market and amongst users who are most likely to place an order or make a booking.

Launch A Podcast

With audiences of millions, no business can afford to miss out on the popularity of podcasts. Either launch your own or work the circuit and appear as a guest on relevant and reputable podcasts to increase brand awareness. By representing the company, you’re able to reach your target market via a whole new medium and ensure they’re familiar with your brand and what you do.

Go Viral

This can be a double-edged sword, and businesses don’t always go viral for the right reasons! For some companies, however, any type of publicity is beneficial, so controversy or debate may not necessarily be a bad thing. With viral content often picked up news outlets, radio stations and websites around the world, audacious or bold content is one way to get noticed.

Building your brand has never been so easy.

Increasing Your Airline Business’ Customer Base In 2019

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Since the dawn of business, entrepreneurs have understood that a loyal customer base is the key to success. Getting sales is important, but you won’t be able to hold onto long-term success if you only gain one-time customers. You need to be able to guarantee steady profits on a regular basis. If you have regular clients then you’ll have the stability and security necessary to gradually grow your company and enjoy success for many years or decades to come. This is certainly the case when it comes to building a reputable brand for an airline. Let’s talk about some ways in which you could start increasing your airline business’ customer base in 2019.

Work on your marketing.

Some companies offer high-quality products and services but they don’t have the customer base they deserve because they don’t get the word out effectively. You need to work on your marketing if you want to gain clients who will use your services over and over again; airline marketing is incredibly competitive. And advertising your brand effectively online is the key to increasing your airline business’ customer base in 2019. Digital marketing is more cost-effective than traditional marketing, and it produces better results.

Make sure you focus on your social media strategy first. If you can get people to share your posts then you’ll reach a wider audience. Perhaps you could offer a free trip to one lucky person who shares a particular social media post; that’ll definitely get people to spread the word. Focus on your website too. This is a crucial tool in your digital marketing strategy. Your goal is to ensure it ranks well on search engines. Relevant keywords are essential, but search engine algorithms are always evolving. You also need responsive content; the design of your website needs to look good on all manner of browsers and devices, regardless of screen size. You might want to get help from these specialists in designing a website for airlines. That would help to give you an edge on other airlines in the marketplace.

Build lasting relationships.

Again, if you want to increase your airline business’ customer base then you need more than one-time customers. You need to impress passengers so much that they want to fly with your company time and time again. You need to build lasting relationships, but that takes work. You have to make sure your clients feel valued. For instance, you should ask for feedback. Make your customers feel important. They’ll appreciate that their opinions matter. Plus, this research will help you to improve your services. You might want to offer them great discounts on future flights so that they know how much you value them.

Deliver amazing customer service.

This ties into the previous point, but it’s a little more straightforward. At the end of the day, increasing your airline business’ customer base in 2019 is as simple as delivering amazing customer service. That’s all you need to do. And it all starts with your workforce. The happier your employees, the better the service they’ll deliver to clients. Remember, happy customers talk, but so do unhappy customers. If you want there to be a positive narrative with regards to your brand then you need to make sure every single employee is representing your airline well. They need to make the right impression on customers.

Signs that you Are Ready to Start Your Very Own Business

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If you want to start a business but you just aren’t quite sure if you’re ready or not, then it helps to look out for the top signs. Some of which, you can find below.

You’re Passionate

Passion is overhyped quite a lot of the time. It’s not quite enough on its own, but you absolutely need it if you want to be successful. When creating your business idea, make sure that it is something you are excited about. If you are starting a business just because you are frustrated with the job that you have now, or because you are struggling to cope with your hours then this isn’t a good idea.

You Believe in your Idea

When you start a business, you will face a lot of closed doors. A lot of people will tell you “no” and that they aren’t interested. This is normal, and it is something that every new business owner faces. You need to believe in yourself and you also need to be tenacious as well. If you are able to adopt these qualities, then there is no reason at all why you can’t go on to create a successful company.

You have a Great Product

A great business will always satisfy a need in the industry. Before you leave the current job that you have right now, you need to make sure that your product or your service has a market. You also need to make sure that you study your competition, and that you are also aware of how their product or idea compares to your own.

You’re Willing to Invest in your Brand

Your brand is the best way for you to get out there and connect with the world. If you want it to be successful, then you need to be willing to invest in it. So think, are you funny, professional or traditional? This will come across in the way that you market to your customers, so it is always a good idea for you to really take your time to come up with something that is representative of  you.

You have some Start-Up Capital

You need money to start your own business. This could include money for technology, security or even product creation. If you want to invest in cybersecurity too, then Circulent are a great choice. Of course, you also need to think about your rent, your employee salary and more. A lot of this money can come from the government or from a business start-up scheme, but it does help to have some of your own savings so that you can get a head-start.

You’re willing to Learn

Starting a business will teach you a lot. You will learn about yourself and you will also learn about the market that you are delving into as well. You need to be ready to learn these lessons and you also need to be able to confront your ego as well. This can be difficult, but the journey is worth it and it can make you a much better professional as a result.

Working With Others Without Losing Your Business

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Veteran business owners will often make the recommendation that you should avoid running a company with people you care about. Friends, family, and your special someone are all prime candidates for the sort of person you’d want to work with, and you probably already admire a lot of their qualities. Unfortunately, though, running a business with people like this can be unnecessary stress on your relationship with them. To help you out with this, this post will be exploring some methods which can be used to ensure that your business doesn’t get in the way of the people you love.

Two Businesses

Some of the world’s strongest business partnerships have been those which have originated from the same group of people. Having already broken the ice a long time ago, negotiating with people like this will be easier than doing it with anyone else, and you can build two businesses which work in harmony with one another. This leaves both parties free to get on with their own  work, while also taking away the reliance you have on one another to make money. There are few things worse than having arguments because one person can’t work as quickly as the other.

Sub-Contracting

Persuading someone to start their own business isn’t always the easiest idea, but may mean that the other side of this arrangement isn’t unhappy with the idea of not owning a business. In this case, you could work together as subcontractors, with you passing work down to your friend or family member in the form of freelance work. You will need to manage the legal side of this, with options like CIS registration making it far easier to handle payroll and taxation. Along with this, you will also need to make sure that they are aware that this work may not be permanent. If you can’t get work, you won’t be able to pay them.

Employment

Finally, if the idea above don’t work out, you could think about the idea of simply employing the person you want to work with. While this means they will have less freedom, you can offer them a profit sharing clause in their contract. This means that they will still benefit from making the business grow, but will also have the freedom to move on in the future, without forcing you to find ways to fill in the gaps while they still own part of it. Employing someone is a complicated process, and you will probably need help along the way. A dedicated HR company is usually the best option for this.

Hopefully, this post will push you in the right direction when it comes to working with the people you care about. A lot of people think that their relationship is too strong to be hurt by something like this, but there are few things worse than not being able to meet each others expectations. It’s best avoided, and there are some easy ways to achieve this goal, making it worth putting effort into this as you begin to grow.

Your Office, Anywhere

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You’ve decided to take the plunge. You’ve left your corporate structured, nine-to-five job with its regular income and its stability. There was scope for progression there, but somehow it might feel that ploughing your heart and soul into somebody else dreams is not for you. For you, the joy of business is planting the seed yourself; then watching your dreams grow large as you nurture them.

So, you’ve got your idea. You’ve even managed to pull some savings together to get you off the ground. You have reordered your lifestyle to accommodate the personal risk you’re taking and you’re off. You are in business! Now comes the real challenge, the hard work and, if you play it right, the freedom to live as you want while your business flourishes.

The type of business you are operating will largely dictate the type of physical space you need to operate in. Obviously, if you need a space where your customers need to come to you, like a restaurant or store, then real estate is pivotal in your planning. But for so many types of businesses these days, such as web design, copywriting, and so many service-based industries, it is less about the physical office. With the growth of cloud computing, a lot of your work can be done from anywhere in the world. It might sound cliche to say that you want your office to be a sun bed on the beach of some idyllic Greek island, but with a laptop, internet connection and good online business support, you can connect with your customers or provide your services remotely.

This kind of freedom does sound amazing though. There’s no boardroom, no need for a tie. If you want to set a business with partners in other cities, or even on the other side of the world; there are so many online collaboration tools out there. You could have face to face conferencing, brainstorming sessions, have PowerPoint presentations, set agendas and deadline reminders for your team.

You might be supplying a product which you never need to handle, manage warehouse facilities for or ship yourself. By outsourcing fulfillment, you are free to be where life suits you. There’s no need to pay rent on a building that frankly depresses you. There’s no worry about hiring or firing teams to handle your stock. It almost feels like virtual reality.

The returns in terms of quality of life from making this kind of switch can be immense. You would have the flexibility to live your life how you need to; if you have a young child, you can be around as they grow up instead of stuck in a building away from them for most of your waking life. But, there are some things to consider. With the conventional nine-to-five, it’s much easier to leave your work at home. It is very important to set yourself rules, work during set times, and be sure and always find the time to enjoy life as much as possible.