Monday, 23 September 2013

Preparations to Jump Ship

Well, of course we are not talking about ships but jobs. 
During the recession many people have been working in jobs that they find unfulfilling or dissatisfying as they should feel 'lucky to have a job'.  Having a steady income and keeping safe during the recession were the priorities.  But now the water has calmed this could be the moment to set a new course by launching a business of your own.
There are many people who are fed up with their unsatisfactory jobs but have always harboured the idea that they could become their own bosses.  This need for independence and the opportunity to control your own destiny is the desire of many.
Unfortunately, with banks making loans unattainable it is difficult to propel yourself into a successful new venture that stands on its own two feet.  You need to continue earn money from your paid employment, whilst you moonlight and generally toil to get your new enterprise up and running.  Equally you may need to prove your concept before handing in your notice.
As Paul Brown of Forbes.com says, entrepreneurs are by nature risk adverse.  They accept risk 'as part of the game and then work extremely hard to reduce it to a minimum'.
We created the Virtual Office® in 1992 for the express purpose of helping budding entrepreneurs start up and succeed in their new enterprises.  We always knew that many start ups fail but our experience over the years has been that by investing in a Virtual Office service most of our clients have gone on to be successful
Why is this?  Because these people looked at what they needed to succeed and paid for the service to make this happen.  The Virtual Office enables people to work in full time paid employment and yet effectively run a parallel operation without distraction during working hours.
Just to be clear a Virtual Office service typically includes the use of our address, all post arrives at our office and is handled as directed.  It is possible to use our rooms for meetings at the same address. This is very discrete and any potential customer will always feel assured that you are a real and trustworthy.
But above all it is our telephone service that makes all the difference.  We have a highly trained group who answer a physical London number in your name (the name of your company).  They also know when you are calling in, and look after you!  Prospective clients feel reassured when a business has more than just a mobile telephone number.  A mobile is a direct link between an individual and another.  The key is that enterprises must show solidity and the reality of a proper organisation in order to grow and succeed.  Of course once contact is made everyone uses their mobiles to talk to each other.  However, the initial experience must be a proper receptionist who knows all about your company when she answers the telephone.

We revel in new start ups.  We want to help new companies succeed and our experience is that we do so.  Over the years we have helped thousands of companies succeed and prosper.  It seems that the key to success is your commitment to building a successful business and being determined to put the right infrastructure behind it from the beginning. Of course we delight when these fledgling enterprises take wing and go off to establish themselves in their own offices.

Author: Richard Nissen, Chairman
© The Virtual Office September 2013

Wednesday, 11 September 2013

Achieve optimum productivity by reaching 'flow state'

To produce our best work and achieve optimum productivity we need to get into what psychologists call a 'flow state'.

According to positive psychologist Mihaly Csikszentmihalyi, flow state is the mental state of a person fully immersed and focused on performing an activity.  
In a working environment flow is likely to occur when you are faced with a task that has clear goals that require specific responses and are given the space to focus entirely on the task.

It takes the average person 15 minutes to reach flow state. As David Coplin of Microsoft UK says when was the last time you had 15 minutes where you weren't distracted by a phone call, email or someone telling you about a cat video on YouTube?

So far it has taken me 2 hours of broken focus to research and write this article.  Emails pop up, clients drop in, telephones ring, stomachs rumble.  There are distractions everywhere.

As such I have decided that all future articles will be researched and written with my email alerts turned off, my calls on divert to the Virtual Office receptionists and with a fresh cup of tea beside me.


I am looking forward to totally immersing myself in a writing and researching. 
However right now I'm distracted by that fresh cup of tea.

Monday, 24 June 2013

Flexible working 'cuts cost to employers', say business leaders

The Times reported today that a group of 22 of Britain's biggest companies, the "Agile Future Forum", have signed a commitment to flexible working rights after finding that "agility" in staff hours and locations can cut workforce costs by as much as 13%.

Richard Nissen, the founder of The Virtual Office, is also a guest lecturer at Cass Business School.  For the past 10 years he has been championing the value of virtual working including the cost benefit to employers when they are not housing staff everyday in physical office space.

However the emphasis is not the cost savings but the terminology used to define the working style.

The 22 bosses argue that while 96% of companies assessed were already offering some degree of "flexible working" the term has gained a bad reputation for being "a benefit for employees and a cost for employers". They add: "This runs contrary to our experience: if implemented successfully by business leaders, workforce agility can offer sustainable business performance and engaged employees."

The aim of this research was to ascertain whether "a business case could be made" for less structured working patterns. According to Sir Win Bischoff, leader of the Agile Future Forum it can.  "There is evidence of cost savings on one hand and revenue enhancements on the other."

It is hoped that this report will raise awareness of the economic benefits of agile working.
The Agile Future Forum has also devised a specific assessment tool to help companies test and measure the value of new practises and will run seminars and workshops to help small, medium and large companies overhaul working practices.

Further reading is available at
http://www.agilefutureforum.co.uk/
http://www.natcen.ac.uk/

The report's stats:
- benefits equivalent to 3% to 13% of workforce costs, with potential to increase that by a further 3% to 7%
- some instances, sales uplift to 11%
- Accountancy giant KPMG saved £4.7m during the recession by offering flexible working hours to staff rather than making redundancies
- Law firm Eversheds, said 28pc of staff reported increased productivity when they gave staff freedom over their working models.