Why Coworking Spaces Are Perfect For Entrepreneurs

The coworking space has been described as many things. For one, it is known as a great place that can help foster relationships that lead to collaboration. It is also known to be a very functional space that is one of the most affordable office plans around today.

However, there is a reason the coworking space is more than trending. It is one of the fastest growing sectors in Australia’s real estate market. In fact, it got its popularity through the number of start-ups that found it to be the perfect place to work and meet other professionals. Take a look at Servcorp’s coworking spaces in Australia by clicking on the following link at https://www.servcorp.com.au/en/coworking/ and looking at the various amenities on offer.

Continue reading to learn why coworking spaces are an ideal solution for entrepreneurs to take their business to new heights.

Access Without Expense

While not the most expensive real estate market, Australia’s rents can be pretty steep, especially the closer you move to some of its urban centres. The coworking space, alternatively, provides entrepreneurs of all budgets the chance to work in prestigious locations around the country while saving a lot on office overhead. The coworking space usually provides businesses with all of the amenities of conventional office space, and the only difference is that the office is shared space.

A Platform For Making Connections

An entrepreneur is always on the search for relationships that will connect him/her to new relationships. These business relationships are going to provide the leverage and growth needed for a new venture. Relationships fostered in the coworking space can potentially lead to collaboration and lead to building multiple teams in the space. The coworking space is fertile ground for establishing a framework for partnership.

Inclusive Agenda

The coworking space is one of the few spaces that engender community. If the person fits in with community members, it is very easy to get pulled into a community that can be very supportive. Not only in terms of developing business relationships, but the coworking space can be a great resource. With a diverse range of professions and backgrounds in a space, the entrepreneur benefits from just being exposed to a variety of experience and information. More importantly, the coworking space’s emphasis on community can pull entrepreneurs struggling to gain traction in the community a means to do so.

Access To The Worldwide Landscape

The entrepreneur also has access to the online community through coworking spaces internet connection. The online community can be a place to perform research, to build your company’s brand, and to connect with your public using social media marketing. In fact, industrious entrepreneurs can manipulate the online platform, even creating a presence by building their own website that can do a number of tasks.

Tasks related to taking payments, allowing clients and customers to have an account online, and allowing the general public to complete a number of tasks can also be done in the coworking space. The only thing the online platform does is extend your reach into communities outside of the geographical location. This reach also lends itself to being able to tap into worldwide talent, which can give you more choice in whom you chose to hire.

The Traction Needed For Success

The coworking space can give businesses the traction they need to launch their ventures. The person only needs to come to the office with their best interpersonal skills to do well in the coworking space. Moreover, being able to access resources in the space and online makes it possible to leverage business potential.

10 Networking Tips for Your Next Business Conference

Conferences are one of the best places for networking. You’re surrounded by people with similar interests, including many who can help you advance your career. There’s plenty of opportunity for the taking at conferences. You can learn a lot from your fellow attendees and may even land yourself a new position, since 46 percent of jobs get filled through traditional networking. Here are 10 networking tips to use for your next conference.

1. Have a Plan

Attending a conference can be overwhelming, especially if it’s a large one with a lot of people and events. Do yourself a favor and schedule your time beforehand. In addition to deciding which presentations to go to, build some time into your schedule for networking. You can also plan some of the specifics of your networking. Before the conference, research who’s going to be there and decide who you want to talk to.

2. Start Early

You don’t have to wait until the conference to start networking. Connect with other attendees on social media beforehand and post about the event on your feeds. Send fellow attendees a message saying you hope to see them there and ask them which sessions they plan on attending. You can also reach out to presenters and tell them you’re looking forward to their talks. That way you’ll have the foundations of a relationship already in place when you get to the conference.

3. Elevator Pitch

The elevator pitch is a tried and true networking tip. Your pitch should be about 60 to 90 seconds long, or between 150 and 250 words. Keep it to the point while still showing a bit of your expertise, passion and personality. You can memorize it and practice before you go, but do your best to keep it genuine and natural-sounding too.

4. Look Approachable

Networking has two main purposes — maintaining relationships you’ve already started and meeting new people. To increase the number of people you meet, look approachable whenever you can. Only look at your phone or laptop when you have to. A lot of people look at their devices when they’re bored or uncomfortable, but situations in which you’re waiting around are often some of the best opportunities for networking. Other attendees are probably looking for something to do at these times too.

5. Ask Questions

Conferences are excellent opportunities to tell other people about yourself, but of course, you also want to get to know others. When talking to people at your conference, be sure to show interest in them, engage with what they’re saying and ask questions. Try to think of some things to ask before you go. Often, people lead with basic questions like “what do you do?” and “where are you from?” You can also try asking people what their favorite presentation or session of the conference was so far.

6. Reach Out Right Away

Often, after a conference, people come home with a stack of business cards that ends up gathering dust. They put off reaching out to the people who gave them cards, and the connections end up getting lost. Instead, reach out as soon as someone gives you a card. Send them an email with your information and a reminder of who you are to get the conversation started and help them remember you. This strategy can help keep your networking efforts from going to waste.

7. Take Notes

At conferences, you typically meet lots of different people, so it’s easy to forget details about some of them. To help you remember your connections, write a few notes about each person on their business card, on a notepad or on your phone. Jot down something you talked about, what they were wearing, a funny joke they told you or anything else that will help you remember them.

8. Just Go for It

Networking can feel awkward, especially at first. It’s natural to worry about how someone might react if you walk up to them and introduce yourself. One of the great things about conferences is that it’s acceptable — and even expected — that people will come up to you and start conversations. If you see someone you want to meet and they don’t look overly busy, just go for it. Don’t miss out on the networking opportunity your conference offers.

9. Supplement With Social Media

While you want to focus on face-to-face interactions, you can also use social media to your advantage. Post about the conference and use event hashtags. Tag presenters when you tweet about their talks. Ask questions. Doing so can garner online interactions and may have even lead to face-to-face meetups.

10. Follow Up

Just as you want to start your networking before the event, you should also continue it once it ends. Post on social media or your company blog about the conference and reach out to the people you met. This will help keep the relationships alive following the event itself and help you make the most of your conference experience.

Do what you can to make the most of your conference experience, and you will likely come away with lots of contacts, business leads or even a possible new job.

Bio: Nathan Sykes is the editor of Finding an Outlet, a source for the latest in IT and business news and trends.

Getting Your Name Out There: 3 Tips for Business Promotion

One study showed that one-third of businesses lacked significant marketing resources. While some business owners may let that stop them, we already know that you’re a true entrepreneur. But the question still stands: how can I market my business when I don’t have a lot of money for advertising? 

The answer? There’s a lot you can do with limited marketing resources, especially if you decide to get creative and resourceful. Here you’ll learn three ways that you can promote your business. You will get a much better idea of what you can do to put your name out there to your ideal customers. 

Go Social 

A set of researchers from the Pew Research Center found that over 75 percent of adults now use some sort of social media network. This number multiplied by ten from 2005, the last time the study was done. 

Don’t just jump on several social media channels and then quit all of them a week later. All the social media channels have their own etiquette and rules of engagement, so pick one or two and really try to make them work. But if you put in the effort, you could find that you’ll get fans of your business to engage with you.

Create Viral Content 

Your ideal customers want valuable content that they will want to share with their loved ones. Search engines such as Google want you to do the exact same thing. You can do such activities as creating infographics, making videos, blogging, hosting a podcast, and writing guest posts for authoritative websites. You won’t just become an expert in your niche, but you’ll also get web traffic. Other ways you can establish your expert status is appearing on podcasts in your niche and becoming a guest blogger on blogs in your space. 

Don’t want to sit at your laptop for hours crafting the perfect guest post for your favorite blog? You can hire freelancers and agencies to help you create high quality content. Find companies that specialize in strategic communications and promoting businesses in your industry for the best results. 

Guerilla Marketing Works 

Guerilla marketing can work if you work it. Many small businesses use this type of advertising to compete with their larger competitors. You can plenty of tactics to advertise your business. Hire an artist to draw a mural on the sidewalk in front of your coffee shop. Get a flash mob to bring people into your clothing boutique. You’re only limited by your creativity. 

Don’t let a lack of funds keep you from fighting the good fight. If you’re going to be in business, you have to weather a lot of bumps in the road. Getting your name out there in any way you can could give you great results if you stay the course.

Dixie Somers is a freelance writer and blogger for business, home, and family niches. Dixie lives in Phoenix, Arizona, and is the proud mother of three beautiful girls and wife to a wonderful husband.

5 Big Mistakes No Successful Entrepreneur Will Make Again

It may seem like some of the biggest companies out there are being run by people who know everything about the business world. While they may know a lot about it, it doesn’t mean they don’t make mistakes. In fact, almost every entrepreneur has made at least one mistake in their career. There’s nothing wrong with making a mistake as long as you learn something from it. And if you don’t want to learn from your own mistakes but you’d rather learn from other entrepreneur’s experiences, make sure you read on.

Not using social media

There’s no need to say that social media is huge right now. Just in New Zealand, there are 3.5 million active social media users and we can expect this number to grow in the future. However, some entrepreneurs believe using social media is a waste of time and decide not to create social media presence for their business. This is definitely something you don’t want to do, especially because people now often turn to social media search when looking for a product or service. In order to make sure everyone can reach you, you need to create pages on platforms such as Facebook and Twitter, and use them on a daily basis to communicate with your customers directly.

Forgetting to pay themselves

Many rookie entrepreneurs get so excited about running their own business that they completely forget about paying themselves. Even if they do remember to do so, they often decide not to do it in order to leave more money for their company to work with. This can seem like an amazing idea at first but it can seriously hurt both your personal and business finances. If you don’t pay yourself, you’ll soon find yourself with no money on your bank account. Also, you won’t get a clear picture of how well your business is doing and doing your taxes will be more difficult. Those who decided not to pay themselves have learned the hard way that they deserve to receive a paycheck for all their hard work.

Not being formal enough

Running a business is a serious task and only those who take it that way will be able to succeed. That being said, you should try to be formal whenever you get the chance. Let’s say you’re responding to a negative comment from a customer. Instead of arguing with them, you should try to be as formal and polite as possible. This will show your customers that you care about what they have to say, which can be a big plus for your company. When meeting a business partner, renting a vehicle from companies such as Avis Car Rental is a good idea as it makes you look more professional and helps you bring your A-game to the meeting.

Setting unattainable goals

Running your own business sure is great and just like most entrepreneurs out there, you dream of conquering it all. While dreaming big is an important part of success, you can’t just expect your business to do exceptionally well from day one. Many entrepreneurs end up setting unattainable goals for their business right from the start which ends up affecting their operations. In order to make sure this doesn’t happen to you, you need to be extra careful when setting goals for your business. It’s important to start small and adjust your goals as your business grows. We recommend putting your goals in writing so that you could review them every once in a while and make any necessary adjustments.

Taking everyone’s advice

The business world is full of “gurus” who believe they’re the next Mark Zuckerberg or Larry Ellison. Those people will often give you advice in order to help you grow your business. Taking everything they say seriously is a good idea and it could help you take your business to the next level. However, this doesn’t mean you need to do everything they advise you to do. Instead, you need to rely on your own knowledge and instincts. Therefore, every time you need to make an important business decision, you should think about what you want to do and only then listen to what other people have to say. Many of those who’ve taken every piece of advice they’ve got ended up failing even before they got a chance to show what they can do.

Being an entrepreneur isn’t easy. Make sure you don’t make these 5 mistakes and you’ll have nothing to worry about. Even when something goes wrong, fix it as quickly as possible and try to learn something from it.

Diana Smith is a full time mom of two beautiful girls interested in latest business news and new social media trends. In her free time she enjoys exercising and preparing healthy meals for her family.

Defending Your Reputation When The Knives Come Out For You

When you own a business of your very own, your reputation is everything. It’s what makes your clientele choose you over your nearest competitor. It’s what engenders a sense of trust in the brand you have created and in you; the guiding hand behind it. Thus, when the knives come out for you and others seek to besmirch your good name it can have disastrous consequences for your brand and your business. You must defend your good name with every ounce of might you can muster. This is a battle on several fronts. You must not only be reactive and deal with threats to your reputation as and when they appear, you must also lay a firm foundation to limit your liability and protect your reputation from damage. Here are just a few of the measures you can take…

Hire a lawyer with a sterling reputation

No matter the size of your operation, it behoves you to find a sterling legal team. If someone accuses you or your business of malpractice, the outcome in court is more than likely to spill over into the court of public opinion (which can be notoriously unforgiving). A good legal team will mount an aggressive defense on your behalf and ensure that the truth comes to light. See Brian Zeiger for more information. Of course, prevention is always the best cure, which brings us to…

Make sure that you have the right insurance

If you have a physical place of business, it goes without saying that you need some form of public liability insurance to protect you if a customer or client injures themselves on your business.However, businesses are increasingly investing in reputation insurance to insulate you against a wide range of risks to your reputation and to help employ potent damage control measures. While entrepreneurs can be gun shy when it comes to the prospect of more overhead costs, the right insurance is absolutely essential in protecting your operation and your reputation.

Deal quickly and decisively with social media complaints

Every customer service policy should have a comprehensive and effective customer complaints policy at its core. However, in the social media age, people are much more likely to air their grievances in the public forum of social media than submit an official complaint.

The longer a complaint is left undealt with on social media, the more potential damage it can cause to your reputation. It’sup to you to deal with these types of complaint quickly and decisively. Set up a Google alert to help you to respond quickly. Address the complaint publicly. Be sure to apologize and demonstrate your willingness to make amends.

Know the needs of your target market

While you may enjoy the regular custom of your target demographic now, make no mistake, they will turn on you if they feel that their needs are being neglected. Lose focus and you may find yourself the focus of negative buzz which will almost certainly result in a loss of sales.

Take the steps to guard your reputation and you will not be pushed off the path to prosperity.

Unique Marketing: 5 Ways to Increase Sale for Your Business

Gone are the days when you could drum up business just by putting an ad in the paper. Today’s consumers expect a lot more flash and bang than the kind offered by old-school advertising. Here are just five ways to give it to them. 

Host a Challenge

Let your customers choose your new mascot by submitting pictures, videos and drawings. Ask them to snap selfies of themselves using your products or employing your services. See who can create the best hashtag for an annual event. Challenges are a fun way to engage your customers with your brand, and in addition to boosting your sales, they can also bring positive media attention to your company if they go viral. 

Participate in Social Media Trends 

Speaking of viral, you never know when that #ThrowbackThursday photo will get thousands of retweets. Don’t be afraid to hop on the bandwagon of whatever is currently trending. Businesses have gotten a lot of press from things like Gangnam Style parody videos, and the more that you put yourself out there, the more likely it is that you’ll strike a chord with the public someday. 

Hire Promotional Models 

You don’t have to run a clothing line to employ models for your brand. Promotional modeling can be a benefit in many different industries, and it’s something found at expos, conferences, trade shows and launch parties around the world. These men and women can do everything from promoting a specific product to bringing general attention to your brand. 

Offer Freebies 

Everyone loves a freebie, especially when it’s something valuable and not just a pen or key chain with your company’s logo on it. Think about offering doorbusters at your next big sale, or hand out high-quality gifts with the purchase of certain products. You might also choose to distribute prizes and rewards to completely random customers. Intermittent reinforcement is a powerful psychological tool. 

Consider Local Collaborations 

Sponsor a youth soccer league. Pair up with a non-competitor to offer mutual discounts on your services. You’ll find more customers by expanding your reach, and you’ll also establish yourself as a local, trusted brand by becoming a regular part of the community. People will think favorably of your business because they see your name every time that Junior hits a home run. 

Say goodbye to traditional marketing campaigns. Today’s businesses need to have innovative, forward-thinking ads that can capture hearts and minds despite the increasingly short attention span of society. Think outside of the box with your marketing efforts to ensure that people still notice you within the noise.

Guest author, Lizzie Weakley is a freelance writer from Columbus, Ohio. She went to college at The Ohio State University where she studied communications. In her free time, she enjoys the outdoors and long walks in the park with her 3-year-old husky Snowball.  @LizzieWeakley

5 Ways to Run a Successful Food Truck Business

Running a successful food truck business is a lot of hard work. Yet, many make the mistake of treating it like a hobby. If you are serious about making your food truck business successful, then follow these five tips.

Offer the Best Food

You need good recipes to make your food truck successful. Think about foods that not everyone in town is already serving. Then, find a great source of high-quality ingredients for those recipes. Prepare them to the best of your ability. Finally, test them out with people and incorporate their feedback until you have perfected them.

Get Quality Equipment

You will need to get quality equipment like stainless steel test sieves from a reliable supplier like newarkwire.com to run your business. Think about making a list of all the equipment that you will need to fix your recipes, and then get the equipment needed to prepare them. Buying quality helps to keep costs down in most cases as you will not have to replace them as often. Finally, consider buying more than one of each piece because equipment always seems to break at the most inopportune moment .

Employ Social Media

Part of the secret to running a successful food truck business is to connect with people on social media. It is a great way to let your customers know your location each day. Show them how great your food looks, so they are tempted to come to your location. Social media is also a great way to show customers the personality behind your company, so do not be afraid to post something funny or something that will tug at your customer’s emotions.

Be Dedicated to Customer Service

You need to be sure that your customers know how thankful you are for the opportunity to serve them. Start by offering them quality containers for their food and drink as flimsy containers can be hard to handle in an outside setting. Once they make the decision to order, then make sure to thank them for their order. If there is a problem, then correct it as quickly as possible. Remember that a satisfied customer will brag about your business to a few friends, but an angry one will tell everyone they know including posting it to social media.

Keep the Area Clean

While cleanliness is hard to maintain in any food environment, it can be especially difficult when running a food truck. Concentrate on keeping everything spotless. This includes the outside of your trailer as it will be the first thing that the customer sees. You and your employees also need to be sure that your personal grooming is above reproach.

Keeping these five tips in mind will help you run a successful food truck business. Now, go show them what you have to offer. Stay in a positive mindset and soon your customers will be hunting your food truck down to get your wonderful creations.