Why Location Prejudice Can Make Your Office a Big Hit with Investors in Dallas 34

Why Location Prejudice Can Make Your Office a Big Hit with Investors in Dallas

The following article is a guest post.

It is fair to say that, right now, Dallas is a real up-and-coming location for businesses. It is currently growing at a rapid rate, with lavish hotels and corporate complexes becoming a familiar sight.

According to a study carried out by MarketWatch, it is one of the friendliest cities in America for startups and small companies.

Prestigious corporate addresses like the JP Morgan International Plaza and Rosewood Court are being sought by ambitious entrepreneurs, with a keen eye on the Texas market. If you know how to use this trend to your advantage, you can actually boost the value of your business and attract lucrative investments. All you’ve got to do is pick the right location.

This guide to harnessing the power of location prejudice will help you build up a strong market presence in Dallas and the surrounding areas.

Getting to Grips with Location Prejudice

Within western economies, status is everything. While it is more than possible for a lone entrepreneur to run a small business as efficiently as a two-person team in an office, the two-man team is always going to win the investors. This is because image matters. The brand is important. If you want sponsors, clients, customers, and partners to take you seriously, you need to have a dedicated corporate address.

The problem is that this can be expensive. When you’re just starting out and profit margins are tight, it is tricky to know how much to spend and how much to risk on a fancy location. Will splashing out on an eminent address pay off in the future or just leave you with crippling monthly fees and no room for change? Fortunately, there is a way to have both the prestigious location and a low-risk start.

Servcorp is just one example of a serviced office provider that can help small businesses grow and develop. Serviced offices are a real asset because they allow companies that would otherwise struggle to afford such high-quality resources the chance to benefit from impressive addresses. Even if they don’t have a high flying team of executives or a big budget, they can operate in the same areas as much larger competitors.

Getting Comfortable and Settling In

As Dallas is such a promising city, with a lot of miles left yet in its corporate sectors, becoming established as a reliable, professional market presence is a good idea.

That way, when the boom intensifies and investors start clamouring for new opportunities, you’re ready to take the next step and expand. Your overheads are small, because all of you corporate assets are flexible, and you can make changes at any time.

Taking on more clients, incorporating additional suppliers, and even moving out into other areas of Texas doesn’t have to be costly. You can simply increase your use of boardroom spaces, renegotiate your receptionist system, and transition to a bigger workspace.

If you wanted to do this with a conventional office lease, you’d have to wait until your current agreement is up or pay a hefty penalty fee to terminate. Then, you’d have to restructure all of your assets on an individual basis.

Why Serviced and Virtual Office Solutions Are the Future

Virtual and serviced office facilities are able to open up so many opportunities for startups and smaller companies.

However, they’re also starting to become more popular now with bigger businesses. They provide an easy and straightforward way to expand into a new market, without incurring significant downtimes or allocating lots of manpower to the move.

If you are interested in conquering the Texas market, Dallas is a great choice, as it is friendly and welcoming to SMEs and investors.

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Should You Buy an Ecommerce Business? 16

Should You Buy an Ecommerce Business?

If you have the funds to make an investment, but you are not sure which is the best option, a good idea would be investing in an ecommerce business. They represent the businesses of the future, and it is already a known fact that they are very profitable.

With an online business you can choose to build it yourself, but that is not what we are recommending. In our opinion, buying an ecommerce business comes with more advantages and in this article we will talk about some of them.

You won’t have to deal with the tough work.

The first days are the hardest when you decide to start a business by yourself.

First of all, you have to decide exactly what kind of products you want to sell and then find the suppliers for them. You need to create a quality customer service, come up with marketing strategies, develop the site, SEO, and many other things.

But when you buy an online business you won’t have to deal with any of these. A business that has been around for a while already has all these things and this means that you won’t have to deal with them. However, you should make sure that you do a little bit the research before you buy the site. You need to make sure that everything matches your requirements.

Successful business model.

Quitting While You're Ahead! Understanding the Limits of Natural Business Growth

When you are just getting started it is hard to tell whether your business will make it or not.

In some cases, it might even be complicated to come up with a strategy that will sell your products. Nevertheless, this problem does not occur when you are buying an online business.

In this situation, you already know that the business existed for a few years, which means that it generates enough revenue. It also means that the traffic and customers are established already so there is almost no risk.

However, before you buy a website you will need to make sure that the financials are accurate.

You can choose to buy a business from an online marketplace such as Exchange by Shopify. This way, data such as traffic and financial reports will be delivered by the platform, not the seller, so you will know for sure that they are 100% real.

Cross-sell potential.

If you already own an ecommerce business it might be a good move to buy another one. By getting another one you will gain access to additional customers, email addresses and traffic, which could be really helpful for you.

If you analyze the metrics of the business a bit you will be able to tell how to cross-sell existing products. Tools like shopping cart data and Google Analytics should help you determine customer behavior, including the returning rate and how many items per order are there.

Cross promotion between email lists could be a great marketing tool if it is used correctly, and even using “competitive” discount could be a way to make customers move between the two businesses.