Worldwide surveys indicate that businesses with a global presence report better results than those restricted to the domestic market.
This research shows evidence that we are, indeed, moving toward a global economy, and that small businesses and large corporations alike should expand internationally to seize the most business opportunities, such as:
According to the International Trade Administration, two-thirds of the world’s purchasing power is located outside of the United States. And while many small businesses are too busy to consider exporting or establishing a presence overseas, it can actually make their sales grow faster and they would gain a competitive advantage over similar companies that either have not tapped into their businesses’ international potential or have already expanded globally. Read more...
The cost of occupying an office space isn’t just limited to a monthly lease. It comes with many frequently overlooked operating costs. Quickly, it can extend beyond your business’s budget, especially if you are a startup or small business.
However, this should not deter you from expanding or seeking office space, nor should you settle for anything less than perfect. There are many things you can do to find an affordable office space in a prime location:
Take over another business’s lease
One option for businesses on a budget is to take over another business’s lease. Sometimes, you can find other businesses who need to break lease before they reach their contract’s end date, and in many cases they want to get out of their lease as soon as possible. This creates a unique opportunity to negotiate for a better rate. In many cases, they may also reduce or eliminate upfront costs typically associated with getting a new lease, such as security deposits or advance rent. The original business owner will still be losing less than the actual penalty costs of breaking lease, and you will get a great deal on an otherwise expensive location. Read more...
Here at Davinci Virtual we are always excited to hear about clients that experience success while utilizing our products. Our sales agent, Laura Asti, brings us our client success story this month.
New Hope Properties, Inc. owner Mia Dorton was looking for a business phone number and fax service to provide her company with a professional business phone so she can market herself without having to use a home or cell phone number. She also needed a system that would route her calls during business hours and not send her calls during all hours of the night. Davinci’s Auto Receptionist service was perfect for her needs. Read more...
How many things does your business pay for that is not used to its fullest capacity? No matter how many or how few, the full truckload methodology applied to businesses results in loss of revenue and opportunities to grow. Adopting a less than truckload strategy, however, can actually save your business money and increase its efficiency.
You may have heard the term “LTL” or “less than truckload” before, particularly in reference to trucking and transportation. Generally speaking, trucks would transport full truckloads of goods because it was more efficient than carrying less than a truckload. Transporting half of a shipment was wasteful. But then the “less than truckload” idea was innovated, and many companies would share resources, loading one truck with many partial shipments to create a conglomerate. In Seth Godin’s blog post, he explains that businesses can similarly increase their efficiency by sharing resources. Read more...
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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