How often have you felt overwhelmed with work? It’s easy to admit that finding the perfect balance between life and work is challenging, especially when you are a small business owner. As much as 1 in 5 business owners work over sixty hours a week. These statistics prove how easily we overload ourselves with work, and a lot of the time it isn’t entirely necessary.
Luckily, there are five things you can do to reduce stress, increase profitability, and streamline your business operations.
1. Learn to say no.
There is one thing you can start doing immediately, and that is to learn to say no. Oftentimes, the workload with which we find ourselves is a monster of our own creation. When a new task arises, you are the first to step forward and try to tackle it all on your own. Read more...
How does your business, with a smaller budget, stand out among larger competitors? It’s a challenge with which all small business owners are familiar, but one that must be overcome to continue to grow.
Creating a business image that gets noticed is simpler than you might think, even on a budget. Little adjustments to general business operations, technology, and marketing techniques can make a big impact on your level of visibility and success.
To get noticed, there are several things your business must have:
Highly professional image
In order to make an impression, it is important that you establish a highly professional image. This conveys to clients and customers that you are serious about ensuring they have a pleasant experience with your business. Read more...
The nature of marketing has changed drastically in the past five years due to the connection between social media and business. In order to thrive, businesses must now make strategic use of as many social media channels as possible. As people spend more and more time online, spending an average of 37 minutes a day on social media alone, television and other traditional vehicles for advertising are phasing out
The most successful businesses in the world all have one thing in common: a strong social media presence. By actively and cleverly managing social media accounts with fresh content and campaigns, businesses are able to achieve the following:
Maintaining multiple social media accounts can give your business increased exposure. Suddenly, through Facebook ads, social sharing, and gaining followers, new and unexpected people get to see and interact with your brand. Read more...
Do you know how much your time is worth? If you crunched the numbers, do you know how much money you are losing when you focus on tasks that can easily be delegated to others?
As an entrepreneur, you wear a lot of different hats, and sometimes it can feel overwhelming because it seems like you have to do everything yourself. Fortunately, there are affordable services available to business owners so that they can save time and money by doing the work they do best.
Calculate the cost of your time
Before you begin strategizing how to best manage your time, use this calculator to determine what your time is worth and how much of it is spent on administrative tasks. How many hours of productivity are lost? And what is that costing your business per month? The results can be shocking. Read more...
You are an entrepreneur and owner of a budding new business. You want to expand your business’s reach, but you don’t want to spend a lot of money to do it. So, what is the secret? How can you be everywhere at once on a budget?
The secret to becoming a successful mobile entrepreneur is to take advantage of the many cost effective tools available to business owners all across the world. Companies that specialize in virtual office services have many solutions designed to increase your business’s flexibility:
Virtual Receptionist Services
A crucial part of increasing your mobility as an entrepreneur is hiring staff that work off-site. While being mobile gives you the flexibility to work wherever you want, it can present a problem when you begin to expand.
To free up more of your time as well as save money, you should begin by hiring a virtual receptionist to perform tasks such as call screening/forwarding, appointment scheduling, and responding to customer service inquiry. Read more...
As more and more businesses discover that they can compete with larger companies through using virtual office solutions, we have received many Virtual Office Space Questions. To assist with answering these frequently asked questions, we have created this infographic. Learn more about how your business can compete with your larger competitors by contacting Davinci Virtual today.
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Is it time to hire a receptionist? If you’re a busy small business owner feeling swamped with office administrative work and mundane tasks related to client management, the answer should be YES. Time is money, and when it comes to call monitoring, scheduling appointments, worrying about missing calls, and losing steam with lead generation, the value of a reliable, professional, and qualified receptionist seems invaluable. However, those types are hard to come by—let alone expensive to maintain.
Have you heard of virtual receptionist services? Chances are that you have, but you didn’t entertain the idea. Though it might come as a surprise, more and more small business owners are seeing the great value in virtual receptionists. Just because they are “virtual” doesn’t mean they are impersonal. In fact, Davinci virtual receptionists are live, trained, U.S.-based employees that can perform the same important, busy tasks any on-site receptionist can do. Not to mention, it is a much more cost effective option. Read more...
The working world has changed with the rise of the mobile entrepreneur. Running a business no longer means that you need to be chained down to a desk or glued to your cell phone all day. In fact, it’s now possible to be more effective than ever, even when you’re enjoying some time off or taking care of personal matters. Live receptionists allow you to free yourself from the need to answer business calls personally, to engage in simple customer service matters, or to constantly be on call and ready to handle every aspect of business administration. A live receptionist can answer all your incoming calls, forward important calls directly to you, handle outbound follow-up calls, set and manage appointments, process orders, and so much more. Read more...
It pays to cut costs and save as a small business owner. After all, what good entrepreneur doesn’t run on a tight budget? Follow these indispensable tactics to cut operating cost by up to 50% and increase profitability:
Capitalize on tax write-offs
When it comes to minimizing costs, a small business owner can save significant amounts of cash by fully understanding the difference between expenses and assets. The IRS grants businesses a certain amount of items that can be claimed as expenses as opposed to assets. Be sure you’re claiming enough to meet this allowance.
If a business is home-based and doesn’t pay for the usage of a full-time office space, portions of home mortgages, utilities, and cleaning and landscaping costs could be claimed as business expenses. For more information about this and what your business can qualify for when it comes to business expense tax write-offs, check with a qualified tax advisor or search the IRS website. Fully understanding the accounting differences between assets and expenses and how recording items as one or the other can significantly reduce business costs and boost profitability. Read more...
In 1968, Robert Propst designed what many considered a solution to the open-office wasteland wherein employees sat in rows of desks typing away—corralled and arranged together like a factory shop with supervisors observing employees’ every move. The cubicle. Propst had changed office design in ways never before seen.
The fabric-wrapped mobile walls were designed to hinge together in groups of three. They even included storage to encourage employees to move within their confined space. This utopian design allowed companies to really pack it in without making employees feel like they were sharing their desk space with the 50 others working on the same floor.
People were excited about the cubicle and saw it as the perfect solution to the problems of an open office. By 1998, just two years before Propst died, he estimated approximately 40 million people were working in cubicles. It seemed to revolutionize the office space design industry. Read more...