Why do people start businesses?

Due to the bad economy and not a lot of jobs out there, people are now taking the opportunity to build a business and develop a clientele.  A lot of individuals take the plunge and take advantage of the many opportunities and resources available when starting your own business.

Starting your own business gives you the opportunity to follow a dream or interest. Pursing a passion as a career by starting a business can increase your motivation to work and overall job satisfaction.

Many people like the idea of not being restricted by the rules and regulations of a job. When you have your own business, you set your own hours and come and go as you please. Initially, many owners may need to work more hours per day than a standard job. But when the business is established, they may be able to take time off and hire help to run the business.

To better understand why people start their own business, we asked many new business owners what motivated them to start it.

69% Of them answered "Be my own boss"
20% Of them answered "Follow a dream"
11% Of them answered "For Financial Stability"

It's interesting that the desire not to have a boss is the primary motivator of entrepreneurs because "being one's own boss" appears to be the prime source of entrepreneurs' job satisfaction.

5 Mistakes People do When Renting Their First Office

Renting office space can be complicated because it’s difficult to tell what needs your business will have a year, or five years, into the future. If you’re considering renting office space for your business, it’s necessary for you to understand how the process works. Renting the proper amount of space, in a location that suits the business, sometimes involves making a gamble. Remember, though, that the property owner doesn’t share in this risk-taking, and it won’t be his or her problem if the office turns out not to suit your needs. Below are 5 mistakes that can often be made when renting a new office space, and can be easily prevented:

• Make Sure Premises look Professional: Don't underestimate the value of appearance. Depending on how your office looks is how your customers will see your business. If your office doesn't look professional than chances are your customers won't take your business so seriously. Look for something nice and not expensive. Check out an office from Van Nuys Offices, they have a variety of offices available for any type of business use and their offices have a professional atmosphere.

• Negotiate the Price: Offices in places hard to find offer lower rent prices than those within easy reach of amenities and transportation. Yes maybe this is how much you can pay and all the other offices are off your budget. But will your customers be able to find you. Negotiate the price on an office easy to find. It won't hurt by asking.

• Signing a lease: Signing a lease for renting office space isn’t something to be taken lightly, and it can have serious consequences on the success of your business. Before you sign a lease or agree to rent, make sure you have an attorney in your area look it over to ensure your rights are protected fully and that you understand all clauses and obligations contained within the lease. Van Nuys Offices has a set flexible agreement, so you are never tied into a long term agreement and can change your office space as your business requires.

• Not Verifying Building Mobile Phone Reception: In today’s environment, data, power, networking, and HVAC capacity and availability are crucial. We all experience weak signals on our mobile phones at some times in particular places as we go about our daily lives, but it's a major issue if each and every member of staff has issues making use of cellular devices and smart phones from the work environment. You should ensure that the building you intend on occupying is capable of providing the network connectivity and other building systems necessary for a your business operation before signing any lease.

• Not Designing the New Space Prior to Lease: Many companies fail to consider their future business requirements when looking for office space and they end up outgrowing the office space before the lease is even up. Ensure you have enough space for additional employees or equipment when calculating how much office space you will need.