Small Business - NuvoDesk Coworking
coworking space

Top 6 Tips to Consider When Choosing a Coworking Space

Top 6 Tips to Consider When Choosing a Coworking Space

 

Key Points

 

Location

Budget

Work Environment 

Community

Duration

Amenities

 

With 2022 around the corner and coworking spaces projected to exceed 23,000 worldwide, how do you choose the best coworking space that fits your needs? 

Before making your selection, you should consider these top 6 tips when selecting a coworking space: 

 

1 Location

Location is the most important element when choosing your perfect office space. You’ll want your new office that is within a reasonable commuting distance from your home. Consider local conveniences such as restaurants, availability of parking, shops, and public transit that make it easy to access and entertain clients. 

Nuvodesk location

2 Budget 

Make sure the space you choose offers an affordable and long-term solution for you and your team. If you are going to outgrow the space within a few months, you may want to use a swing space. Determining what your budget is in advance will help you filter out spaces that are much too expensive from an early stage, saving you time and money. 

3 Work Environment 

Determine if you need a dedicated office or if you can work from a hot desk with the use of meeting rooms. See if you can visit the space to work for a day or two to make sure that wherever you choose to work, you can fulfill your foundational business needs. 

nuvodesk floorplan

4 Community 

Once you have determined if a space meets your needs and budget, you can look into some of the more fun aspects to the space. Each coworking space fosters and attracts different members from local neighborhoods. Besides the “business” reasons for joining a community, you want to be encouraged to come to work every day, network, and make new friends. 

5 Short-Term or Long-Term

Planning for the future is a fundamental business strategy. How long do you plan on staying at your chosen coworking space? Are you planning on expanding nationally or globally? Does the coworking space you choose offer access to a network of locations? These are important elements that you should have the answer to prior to picking a space. 

6 Amenities 

Choosing a coworking space that boasts unique amenities is always a plus. Aside from the typical free coffee, wifi, and printing, finding a space that can offer above and beyond will make your work life much better. 

golf simulator
Selecting a Coworking Space

If you are looking for a coworking space, consider NuvoDesk. We are conveniently located off Highway 360 in Arlington, have various workspace options, and amazing amenities. You’ll love the community we have and will make new connections.

 

Try us out for a day for free!

 

By Leslie Radford
checklist

End of the Year Checklist for Small Businesses

End of the Year Checklist for Small Businesses

By Leslie Radford

Key Takeaways

Things you need to do at the end of the year

Updates

Backups

Audits

Plan

It’s December and you are in holiday mode, but don’t forget all the important things you need to do at the end of the year for your business. Finish out the year strong and in order with this checklist.

  1. Run year-end financials: These reports give you the opportunity to look at the big picture. You need to know where your money is being spent and how you can manage it better next year. What are your best income sources? Who still owes you money? Do you owe money to others? Make a list of assets. Know how much cash you have on hand. Have a copy ready for tax time.
  2. Update employee and payroll information: Make sure phone numbers, addresses, and payroll information are up to date. This will also make preparing W-2s and 1099s easy at tax time.
  3. Update vendor and client files: Make sure your vendor list is up-to-date and know exactly which vendors you will be using next year. Will you have repeat clients in the future or have some of them moved on?
  4. Audit inventory: If your business sells a physical product, you need to know how much of what is in stock, what needs to be ordered or manufactured. This information is also needed on this year’s taxes. Get rid of old inventory and make room for the new.
  5. Review insurance policies, contracts, business plans, and other important documents: Does your current insurance policy still apply? Are your contracts up-to-date and will they apply for the following year? Do you need to update company policies? Do you need to make changes to your business plan due to growth?
  6. Back up computers and cell phones: This task is time-consuming but necessary. Back up data like employee records, point-of-sale systems, and all of your accounting information. Many small business owners do a ton of work from their cell phones. Don’t get in a bind when your phone crashes and you haven’t backed up your contacts.
  7. Audit your website: Make sure all links are working correctly, there’s no old information or products still listed, and see if there are ways to make improvements in SEO and sales. Update images, headlines, content, and other relevant information.
  8. Make a plan of action for the new year: This one is important and probably the most overlooked. Using all the data collected from steps 1-7, how was your year? Did you meet all your goals? What goals will you set for the following year? Break up the next year to set small objectives to help you reach the larger goals. Make a list of accomplishments to see how you’ve grown. New Year’s resolutions aren’t just for your personal life; they also make for a successful business as well. Fill out a calendar for next year with known dates for certain activities, deadlines, and bills. Incorporate these ideas into your business plan.

Go forth and conquer 2020!

6 reasons to join your local Chamber of Commerce

  1. Networking

People do business with people they “know, like and trust”. The Chamber offers members many ways to network including breakfasts, lunch seminars, business after hours, Grand Opening/Ribbon Cutting ceremonies, and other special events. Every person you meet has the ability to connect you to (potentially) hundreds more people. That means your professional network grows exponentially with each person you add. A strong professional network can introduce you to potential clients and trusted service providers and more. The chamber initiates more business-to-business commerce and more opportunities for networking and connecting local professionals than is available through most other local organizations.

  1. Visibility

As a new member of the Chamber, you will be listed in the Chamber e-newsletter, on social media and have the opportunity to be highlighted in other chamber publications. You can grow your business by advertising with the chamber and sponsoring events. Chamber events are innovative and fun ways to help members meet potential customers, clients and vendors— and generate new business leads. The more events you attend, the more visible your company will be to the community.

  1. Credibility

Membership brings credibility to your business. Many members of the community consider a Chamber membership to be a sign of a reputable and solid business. Consumers are more likely to do business with a company if it’s a member of their local Chamber. According a research study by The Schapiro Group, Inc. and Market Street Services, when consumers know that a small business is a member of their local Chamber, they are 44 percent more likely to think favorably of it and 63 percent more likely to purchase goods or services from the company in the future.

  1. Discounts

As a Chamber member, you have access to the member database. This is a great way to reach out to other members, network and make referrals. You will also gain access to members-only discounts and services. You can list any news, promotions or events though the website and database system and offer other members discounts on your services.

  1. Have a Voice

The Chamber represents the local business community, giving a voice to the membership’s ideas and needs. Chambers take on the tough issues and may oppose new regulations, taxes, assessments and costs that will negatively impact small businesses.

  1. Learning

The Chamber has opportunities for members to attend training sessions, workshops, and seminars that will help your business succeed, such as sales, marketing, social media, networkings and more.

NuvoDesk is proud to be members of the Greater Arlington Chamber of Commerce and the Grand Prairie Chamber of Commerce.

Join your local Chamber today!

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