I was listening to the latest Marketing School Podcast with Neil Patel and Eric Siu and this mornings topic was 7 Essentials to Building a Million Dollar Business. I wasn’t surprised to hear that “Getting an Office” for your business was in their top three success tips, I wanted to elaborate on this so you can use it to your advantage.
While many entrepreneurs are quite excited about the notion of operating a virtual company, and we here at AllOffice.Space have a plethora of virtual office options at hand, the benefits of having a physical space for your team to have as a centralized headquarters shouldn’t be underestimated.
Communication is Key
By having your entire team in a single location you can significantly reduce the time it takes to bounce ideas off of each other and to create a more dynamic form of synergy much more quickly than by limiting communication to online tools such as Slack or Asana. It’s not impossible by any means, but it has been proven to me much more difficult to build a big business without a brick and mortar office space.
As Neil says in this podcast If you look at some of the largest companies in the word, the Googles, the Apples, the Microsoft's, I bet the top 100 or 1000, none of them are virtual, they all have an office presence.
Having a location with everyone in it simply make communication so much simpler. As a bit of a case study Neil has been building a new Ad Agency and he has found that it has been growing faster than any of his other previous businesses. This was the first time that he has had the team working in house, in a single office since day one! He has seen significant growth! Additionally while Eric was working with Single Grain Digital Marketing he too found that their growth has increased consistently when he too moved his single team under one roof.
Stepping up and moving your business into a single office or coworking space can have significant improvements on your business. While yes, it is an additional cost, this can me made back through increased productivity gains realized within your team. Two of the top marketers have seen operating from within an office environment increase their bottom line, you should consider how you can realize the benefit as well.
We have many different options at AllOffice.Space so you don’t need to bite off more than you can chew from day one. You can start out small with a coworking desk, or even part time office an workstation use which you can always grow into and change with only 30 days notice! We offer flexible terms so if you're worried about long term commitments in case your business grows slower than expected or even worse, it fails, you don't have to worry. We offer month to month options as well. Contact us today for details on how you can better serve your business and impact the world from your office today