It comes down to two words: employee recognition. Several studies give us a clear snapshot of the impact of human-centered workplaces. As employees increasingly look for meaning and purpose in their work, the need for more recognition has come up time and time again as a strong indicator of employee engagement.
The inception of any business is both thrilling and terrifying. In order to rapidly grow your company, it’s important to consider taking calculated risks, but you need to have confidence that these will pay off. Getting your business to the stage of being able to expand its workforce is a major milestone for any startup owner, but employing extra staff too soon, or creating unnecessary roles, can have a costly effect and in some cases, spell the end of your dream of being your own boss. So what are the signs that your business is ready to make its first hire?
From sales talks to keynote addresses, entrepreneurs reveal how to make a business presentation with impact. Pitching and presenting are core skills for all entrepreneurs to master. No matter what size your business, there will come a time when you’ll need to stand in a room and give a speech. Whether there are five people in front of you or 500, public speaking can be a nerve-racking affair. But presentations don’t have to be silky smooth; the keys to success are to think hard about your audience and to speak with passion.
Bootstrap, and be scrappy. If it's cheaper to do it yourself and you're capable, why not give it a shot? Building a company from scratch is no easy task. I know: I've done this successfully a handful of times. I also know that I've learned a lot about the many expenditures you have to account for, from office space and employee salaries to taxes and marketing. But, thankfully, you don't have to do all of this alone -- which means that the main question you face is, exactly where should you spend your money? And, what are the best resources you can turn to, to help build your business without breaking the bank before you even start? Here are a few tips regarding the areas where you can save, and where you would do well to spend.
Recent data from Instant Offices and Cushman Wakefield found that businesses can save up to 73% by renting coworking or serviced workspace in the world’s major cities. According to the data, the cost of occupying a desk in Hong Kong under a traditional lease arrangement is US$27, 432 per year. This is nearly twice the amount of any other city in Asia and more than 18% more than in London, its nearest global competitor. Instant’s proprietary data, collated from more than 20 years of flexible workspace listings, shows that in comparison, it costs just US$7, 607 per year to rent a desk in a coworking or serviced office space, saving businesses up to 73%.