BOCA RATON, FL, June 06, 2023 /Business PR News/ — Opus Virtual Offices is revolutionizing the entrepreneurial landscape by offering a groundbreaking approach to business planning. Entrepreneurs can now prioritize acquiring a business address before incorporating their companies. Allowing them to harness a wealth of benefits that set them on a path to sustainable success. “Flexibility is key to success. With our virtual office solutions, you can rebrand your business effortlessly, keeping your future open and your options limitless.” Yori Galel, CEO. It’s time to flip the script and acquire a business address before incorporating your company. This revolutionary approach gives you a laser focus on initiatives like product development and customer acquisition, propelling your business to unimaginable heights.
About Opus Virtual Offices
Opus Virtual Offices has become the fastest-growing company in the alternative workspace industry, with more than 650 locations throughout the U.S. and Canada. Their successful business model is built on providing complete office services for a single, low monthly rate of $99. Exclusive features of an Opus Virtual Office include a live receptionist answering and transferring calls, a prestigious corporate mailing address, a business phone, fax, and voicemail.
Opus Virtual Offices offers professional state-of-the-art conference rooms available for a flat hourly rate. Unlike many other virtual office providers, there is no fine print, hidden charges, or service limitations. Leave the costs associated with a traditional office lease behind and concentrate on running your business. With Opus Virtual Offices, you have all the benefits of a conventional office lease without worrying about excessive overhead expenses.
In the fast-paced business world, success is often measured by various factors, including revenue growth, customer satisfaction, and market share. However, there is one essential ingredient that is often overlooked that holds immense power – business credit. A solid credit profile can be the key to unlocking growth opportunities and ensuring your business thrives in the long run. If you want to understand the importance of a positive credit score for your business, how to use it to your advantage, and how Opus VO, the leading virtual office provider, can enhance your credit reporting experience to give your business the edge it deserves, follow along.
Building a solid foundation for your business requires more than just a great product or service. It demands credibility and financial stability, often assessed by potential investors, partners, and lenders through your creditworthiness. Establishing and maintaining your company’s credit profile is crucial since it can propel your business forward.
How to Establish Business Credit
To establish solid credit in the business world, follow these steps:
Get a dedicated business phone number and business address: This is an easy thing to do with a virtual office and doesn’t require a large investment.
Incorporate your business or form an LLC (limited liability company). This ensures your personal and business identities will be separate.
Get a federal employer identification number. This is a free service offered by the IRS. An EIN acts a bit like a Social Security number for a business entity, yet may change as time goes on.
Open a business bank account. Make sure you use the business’s legal name and address.
The Benefits of Having Business Credit
Business credit separates your personal finances from your business finances. By keeping them apart, you protect your personal assets from potential risks and liabilities associated with your business. This separation not only shields your personal credit from any adverse effects caused by your company’s financial performance but also offers professionalism and accountability that can inspire trust in investors.
Business Credit Determines Access to Capital & Funding
Whether you need a loan for expansion, new equipment, or additional staffing, a strong credit profile significantly improves your chances of securing financing at favorable terms. Lenders and financial institutions often rely on your credit score to evaluate your company’s creditworthiness and determine your interest rate and credit limit. By being proactive and taking control of your credit, you show that you can handle financial obligations responsibly, making you a secure risk and more attractive to lenders.
Alternative Funding Sources
Solid business credit opens various business opportunities, such as establishing trade credit with suppliers. Trade credit allows you to negotiate better terms, extend payment periods, and build valuable relationships with vendors. A company with a favorable credit profile is considered reliable and trustworthy, paving the way for favorable agreements and savings.
Why Choose Opus VO?
You may wonder how Opus Virtual Offices ties into this narrative. Opus VO, renowned for its exceptional virtual office solutions, offers a unique and invaluable advantage in business credit reporting. Opus VO offers comprehensive credit reporting as part of their virtual office services for every client as soon as they sign up.
Consistent credit reporting enables you to establish and strengthen your business credit effortlessly. By incorporating credit reporting into their virtual office solutions, Opus VO not only assists you in establishing a professional business presence but also helps build your company credit profile. Every time you utilize Opus VO’s virtual office services, such as mail handling, phone answering, or meeting room rentals, your business credit activity is meticulously reported to Moody’s, enhancing your overall business reputation.
Tips to Build Business Credit
Pay vendors early: paying on time can get you a good score on the Dun & Bradstreet PAYDEX, where scores range from 1 to 100. This score is based exclusively on your payment history with vendors.
Manage cash flow: when you have good credit, you are eligible for lower interest rates and better terms with vendors. Use credit cards to efficiently manage your company’s cash flow.
Monitor your credit report: errors and fraudulent activity can negatively impact your business and make borrowing difficult. Check your credit report a couple of times each year. If you find an error, correct it by filing a dispute with the proper reporting agency.
Work with vendors that report payments: Ask the vendors that you work with if they report to credit agencies. If they don’t consider opening accounts with new vendors that do, such as Opus VO.
Opus Virtual Offices
If you want your business to thrive in today’s competitive landscape, you must recognize the importance of business credit. It is a critical component that influences your credibility, financial opportunities, and growth potential. By choosing Opus VO as your virtual office provider, you gain access to world-class virtual office solutions and unlock the added benefit of their credit reporting service. Opus VO’s commitment to empowering businesses with comprehensive credit reporting sets them apart and makes them the ideal choice for entrepreneurs and companies aiming to maximize their potential. Invest in your business’s future today and leverage the power of business credit with Opus VO.
Starting a new business is an exciting time in every entrepreneur’s life, one filled with passion and ambition. What most new entrepreneurs overlook are the hidden expenses associated with launching a new business. Everyone is aware of the standard start-up costs, such as rent and inventory, but many overlook lesser-known expenses that can catch a new business owner off guard. Here is a list of the six hidden costs of starting a new endeavor that, when overlooked during budgeting, can make a difference between success and failure.
The six hidden costs of starting a business are taxes, permits/licenses, employee benefits, administrative expenses, insurance, and consultants. Understanding and preparing for these expenses will help aspiring business owners navigate the financial landscape more effectively.
Taxes: As a business owner, no matter what entity you create, taxes are one expense you cannot avoid. Depending on your state, you’ll have to pay federal, state, and local taxes. Your tax rate will vary as well, depending on your locality. For instance, California requires a 7.25% sales tax, whereas Texas, requires a 6.25% tax.
Permits, Licenses & Fees: Depending on the type of business you want to establish, you may need to factor in permits, licenses, or fees. Although many of these are one-time start-up expenses, they can be quite hefty, especially if they are not accounted for when finalizing a start-up budget. These expenses vary from industry to industry.
Employees & Benefits: The cost of employees and things such as benefits are not always predictable, yet they are necessary if you want to retain top talent and have happy employees.
Administrative Expenses: Expenses that are required to support your organization’s daily activities fall under the umbrella of admin expenses. Every business has them. They can be adjusted based on the type of business you open and the way you run your business too. For example, if you rent a brick-and-mortar office space, they will be higher versus if you go the route of a virtual office.
Insurance: Insurance is another expense that may vary depending on the industry you operate in. Regardless of that fact, insurance is a necessary expense to protect your business from litigation and unforeseen circumstances. Many states within the U.S. require companies to have workman’s comp. insurance, while other industries require a more comprehensive policy approach. Nevertheless, insurance is a hefty expense that should be accounted for when budgeting for your new business.
Consultant Fees: Hiring a consultant as a start-up, can seem costly. But the expertise they bring to the table can be invaluable and worth the upfront expense. Many companies value consultants more than full-time employees as they get very specific expertise at a fraction of the cost of hiring a full-time expert. In fact, a recent study found that out of 100 start-ups, 3/4 of them partitioned up to 5% of their budget for consultant fees.
Opus Virtual Offices
Opus Virtual Offices is a B2B provider of virtual office services to businesses across the U.S. & Canada. Competitively priced, Opus VO offers many services that set them apart from the competition. Services that will help you run your business efficiently while saving you money on administrative staff, and physical space, such as live reception, inbound/outbound call transfer, call log, and digital mail sort. When you’re ready to take the next step in your new business, think of Opus VO!
Streamline Your Business by ordering checks online. In today’s fast-paced world and global economy, efficiency and professionalism are essential for success. When you combine the convenience of a virtual office with the ease of ordering checks online, you just made your business more fluid and convenient. The need to reorder checks by going into the bank is over. Order checks online with just one click whether you are on the road, at home, or on vacation.
Despite paying most of your business bills via ACH, Zelle, or Chase Pay, the need for paper checks still exists. Physical checks with your business name add an air of establishment to your business, akin to the benefits of having a business address and business number. In this article, we’re going to touch on all the ways ordering checks online for your business can benefit your company.
Professionalism
Nothing is as important as putting up a professional front for your clients and distributors. What better way to do that than with business checks with your company name & address in the upper right-hand corner? A business check shows that you pay attention to detail, which lets your clients know that you will give their business the same attention. A customized check and other business products showcase your brand in a polished and professional manner. When you order checks online, you can customize your check to the smallest detail. Your checks can have your company logo, colors, and business information so that you can create a lasting impression with clients. Whether you opt for traditional checks, high-quality security checks, or stylish designs, physical checks ensure your financial transactions reflect the professionalism of your virtual office setup.
Brand Consistency
Maintaining brand consistency across all aspects of your business is crucial to building trust and recognition. When you order business checks online, you can extend your branding efforts beyond your virtual presence. Incorporating your company logo and design elements into your checks, envelopes, and other business products reinforces your brand identity with every transaction. This consistency enhances your credibility and professionalism, whether you’re dealing with clients, vendors, or financial institutions. Integrating physical checks with a virtual office setup creates a cohesive and memorable brand experience.
Convenience
When you have a virtual office, it makes a statement. It shows that you value flexibility and time-saving benefits. Online check orders align perfectly with this mindset by providing an easy and convenient way to order personalized checks and other necessary business products online. With just a few clicks, you can browse their extensive selection and choose a design that suits your brand. This streamlined process eliminates the need for time-consuming trips to the bank and unnecessary paperwork. Free up valuable time that can now be dedicated to growing your business, by ordering checks online.
Enhanced Security
Security is a top priority for every business, as is the importance of protecting your financial transactions. Most online check companies offer high-security checks incorporating multiple fraud prevention features, such as microprint, chemically reactive paper, and tamper-evident packaging. These measures safeguard your business against fraud and unauthorized transactions. Security checks can give you peace of mind by minimizing financial loss.
Opus VO
Opus Virtual Offices provides virtual office solutions to build professionalism, efficiency, and branding in today’s business landscape. With Opus VO, businesses can enjoy the benefits of a professional business address, mail-handling services, and meeting room access, all without needing physical office space. This flexible, cost-effective solution allows businesses to establish a professional presence and enhance their credibility. When you’re ready to take your business to the next level, order checks online and enhance your company branding and professionalism.
We are all guilty. Guilty of pushing off our dreams and aspirations for one simple reason. We are waiting for the right time, waiting for things to fall into place. The fact is, there is never a right time. No one is ever truly ready. But study after study shows that the most successful people in the world don’t wait for the right time to train for that 5K, to start that new business, or to look for a better career. They take a leap of faith and jump in, knowing that they can learn as they go.
The Right Time Doesn’t Exist: Jump in and Learn as You Go
Starting a business, taking on a new habit, and chasing the things that you truly want can be quite daunting. It takes courage, hard work, and dedication. Many aspiring entrepreneurs feel they need to wait for the “right” time to start a new endeavor. This is a skewed belief. Not everything needs to be perfect, the stars don’t have to align. The most successful entrepreneurs know there is no perfect time. No one is ever truly ready for their next adventure. The most successful entrepreneurs jump in feet first and learn what they need as they go.
The Problem with Waiting for the Right Time
One of the biggest misconceptions about starting a business is that you must have everything in place before starting. This includes a solid business plan, a clear strategy, a marketing plan, and enough capital to get started. While these things are important, waiting for the “perfect” moment to start can be a trap that leads to missed opportunities.
The truth is, there will never be a “perfect” time to start a business. There will always be challenges, obstacles, and unknowns. If you wait for the right time, you may miss opportunities or fall behind competitors who have already begun their journey.
The most successful entrepreneurs understand they will never be fully prepared. Rather, they adapt to challenges and find creative solutions to problems as they arise. This allows them to gain valuable experience and learn important lessons that they can apply to future endeavors.
The Benefits of Taking Action
Taking action, even if you’re not fully prepared, has many benefits, such as:
Gaining valuable experience: The best way to learn is by doing. When you take action and start your new business or endeavor, you’ll gain valuable experience that you can’t get from reading books or attending seminars.
Overcome fear: Fear is one of the biggest obstacles people face when they want to start something new. Fear of the unknown, fear of being teased by friends and family, and fear of failure. By taking action, you’ll confront your fears and develop the courage and confidence to overcome them.
Build momentum: Momentum is key to building a successful business. By taking action, you’ll build momentum and make progress toward your goals.
Identify opportunities: Starting a business often leads to unexpected opportunities. By taking action, you’ll put yourself in a position to identify and take advantage of these opportunities.
Create a sense of urgency: When you take action, you create a sense of urgency that can propel you forward. This can help you stay focused and motivated, even in the face of challenges.
How to Overcome Fear and Take Action
Usually, fear is the biggest factor holding you back from chasing your dreams. Here are a few ways to overcome fear and jump into your next endeavor.
Identify your fears: The first step in overcoming fear is to identify exactly what you’re afraid of. Is the fear of failure holding you back? Do you lack confidence? Are you concerned about financial risks? By identifying your fears, you can develop strategies to move past them.
Start small: Starting a business doesn’t have to be an all-or-nothing proposition. You can start small and build from there. For instance, start a side hustle or launch on a small-scale, something that won’t take up more than your weekends.
Seek out mentors: Mentors can be an invaluable resource for aspiring entrepreneurs. Mentors offer guidance, support, and advice as you navigate business challenges. After all, they were once in your shoes and know what it takes to get to the other side.
Take calculated risks: While taking risks is an inevitable part of starting a business, it’s important to take calculated risks. Informed and calculated risks are the best way to move ahead. This means while advocating to jump right in and follow those big dreams, look before you leap.
Embrace failure: You need to see failure as the stepping stone to success. Failure is not a reason to walk away and give up. Instead, it’s a reason to learn a new skill and push yourself out of your comfort zone. Taking action is the only way to overcome this fear. Everyone was a newb at some point.
Have a support system: Starting a business can be lonely and overwhelming. It often requires burning the midnight oil and turning down social engagements. Try to surround yourself with supportive people who will keep you motivated and accountable without judgment. Consider joining a community of entrepreneurs or networking with like-minded individuals.
Keep learning: Starting a business requires continuous learning and adaptation. Stay curious and learn from your experiences, mentors, and industry experts. This will highlight your ability to pivot when needed.
The Perfect Spring Board To Jump in Before You’re Ready
Here are a few business concepts that you can attempt to test the waters. They don’t require a lot of prep work or a significant financial investment. They are also the best fields that you can use to learn as you go.
Freelancing: Freelancing is a great way to start a business without the financial risks or overhead costs associated with traditional businesses. Consider offering your skills as a freelancer on platforms like Upwork, Fiverr, or Freelancer to get started. As a freelancer, you can work as little or as much as you want, and there is always the opportunity to grow when you’re ready.
E-commerce: E-commerce is another business venture that is easy to take on when you’re not quite ready to go full speed ahead. You can open an Etsy shop, become an Amazon vendor, or have your own website where you sell your services. Depending on what you’re selling, you can start an E-commerce business with minimal upfront investment and work on it during the evenings and weekends so it doesn’t interfere with your 9 to 5.
Service-based business: Service-based businesses, such as marketing agencies, graphic design firms, or consulting businesses, can be lucrative and low-cost. Consider offering your skills as a service to clients in your area of expertise. This is a great way to test the waters and see where things go. Your concept may explode and take off or stay a small side hustle.
Content creation: If you have a talent for creating content, consider starting a blog, podcast, or YouTube channel. These platforms can be monetized through advertising, sponsorships, and affiliate marketing.
Virtual Offices
An easy way to set up any of the opportunities mentioned above would be with a virtual office. Virtual offices come with administrative support, provide a prestigious mailing address and allow you to appear as though your company is established and here for the long run. When you get an Opus Virtual Office, you get a slew of services, such as digital mail sorting, real-time call logs, inbound and outbound call transfer, and more, for one low monthly fee of $99. Don’t let your fears hold you back. The right time to start that new business is now. Don’t miss out on that opportunity. Take the leap today!
Taxes may not be the most exciting subject, but as a business owner, it’s essential to stay up to date with the most recent changes to the tax code and learn how they affect your business. In 2017, the Tax Cuts and Jobs Act was passed, which brought about significant changes to the tax code. These changes can significantly impact your business and its bottom line. This article will explore the new tax codes implemented and highlight how they may affect your business going forward.
The Tax Cuts and Jobs Act (TCJA), passed in 2017, brought about significant changes to the tax code. One of the main changes was the reduction in the corporate tax rate from 35% to 21%. This reduction in the corporate tax rate was meant to stimulate business growth and investments while providing more money for businesses to use for research, development, hiring, and expansion.
Another significant change introduced in the TCJA is the new deduction for pass-through entities, such as sole proprietorships, partnerships, and limited liability companies (LLCs) [you can read more about business entities here]. Entities with pass-through taxation aren’t doubly taxed; instead, they report company profits as their personal income on their individual tax returns. This new deduction allows owners of pass-through entities to deduct up to 20% of their qualified business income on their individual tax returns, which can lead to significant tax savings for them.
The Tax Cuts and Jobs Act also eliminated or reduced many business deductions. For instance, entertainment expenses can no longer be deducted from business tax returns. This means businesses may need to adjust their budgets and spending habits to account for such changes so it doesn’t negatively impact their bottom line.
One of the most significant and controversial changes in the new tax code is the state and local tax (SALT) deduction limitation. This change limits the state and local taxes companies can deduct on their federal tax returns to $10,000. This change may significantly impact businesses in states with higher tax rates, making it more challenging to attract and retain new talent.
Overall, the new tax code has many benefits and drawbacks for businesses. While the reduction in the corporate tax rate and the new deduction for pass-through entities may lead to significant tax savings, the flip side of eliminating or reducing business deductions and the limitation on the SALT deduction may result in increased business costs. Businesses need to work with their accountants and tax professionals to understand how these changes affect them and make the necessary adjustments to their budgets and spending habits. This will give them the opportunity to continue to turn a profit and flourish.
Opus Virtual Offices
One way for businesses of all sizes to increase profits is by reducing costs. A simple way to do this is to use a virtual office in place of a brick-and-mortar presence. Opus Virtual Offices is a virtual office company that has clients in every industry of every size. We offer live reception, inbound and outbound call transfer, meeting rooms on demand, parcel post receiving, and more. If you’re a business that is looking for an alternative to a physical space to increase your profit margin, consider Opus VO.
You have big dreams and big ideas. You want to open your own business and be your own boss. But something is holding you back. Sometimes it’s fear of the unknown or a lack of confidence. Other times it’s the possibility of being laughed at by close friends and family. Or it may be that you feel bound by the golden handcuffs of your current position. These “golden handcuffs” may prevent you from chasing your dreams, whether they are starting your own business or vying for a promotion. Getting stuck in a comfortable role that pays well is easy, even when it doesn’t bring you closer to achieving your goals.
Golden handcuffs is the term used to describe the financial allurement and benefits that encourage highly compensated employees to remain with their current organization/company rather than moving up the ladder with a new company or branching off as an independent. These golden shackles typically come in the form of stock options, SERPs, large bonuses, company cars, health insurance, or other financial incentives that make the position too good to leave.
Embracing challenges and dedicating yourself to pursuing your professional wants can be a rewarding experience that’s most definitely worth the required effort and sacrifice. While all the added benefits of your current position make life easier, don’t let them make your current employment so attractive that you lose sight of what you really want out of your professional life. It’s important to recognize that staying in a comfortable situation may prevent you from reaching your full potential and pursuing your dreams.
Think of these points before you let yourself get shackled by golden handcuffs:
You’ll never know if you don’t try:
Failure is the stepping stone to success. You need to adjust your perspective. The fear of failure can be paralyzing, but you’ll never know if you don’t try. You may have an excellent idea for a business that could be successful, but you won’t know for sure unless you take the risk and start. Even if your first attempt doesn’t work out, you’ll learn valuable lessons that will help you succeed in the future.
The feelings of regret are worse than the embarrassment of failure:
Many people choose comfort over the risk of the unknown. They are the ones who suffer from the pain of regret over those who carry the weight of failure. You don’t want to look back and say what if? Take those risks and accept the outcome as a part of life. Don’t miss out on the opportunities that will pass you by if you don’t take that chance.
You’ll have more control over your future:
Build your empire! When you own your own business, you control your future. You make decisions about the direction of your business and the types of projects you want to work on. You also have the freedom to create a work-life balance that works for you rather than being at the mercy of someone else’s schedule.
You’ll learn valuable skills:
Starting your own business requires various skills, from marketing and sales to finance and operations. Even if your first attempt isn’t successful, you’ll learn valuable skills that can help you in other areas of your life. These skills can be transferable to other businesses and industries, making you a more attractive candidate for future employers.
You’ll experience greater financial rewards:
While starting your own business comes with risk, it also has the potential for greater reward. When you own your own business, your earning potential is limited only by the success of your business. When you work for someone else, your earning potential is determined by your salary and benefits package. If you have a great idea and the drive to make it happen, you could earn more than you would in a cushy job, not to mention the rewards that will come from the personal satisfaction of being a success.
If you dream of owning a business, don’t let golden handcuffs hold you back. Don’t allow the fear of failure or the comfort of a well-paying job keep you from pursuing your dreams. You’ll never know if you don’t try. Following your dreams can give you more control over your future, help you learn valuable skills, and potentially lead to greater financial rewards than you ever dreamed of. So jump in feet first, take the risk, and see where it takes you.
When you’re ready to start your business, consider a virtual office Instead of investing in a physical lease. It’s the smart choice, so you can funnel the funds you do have to client acquisitions rather than paying rent. With an Opus Virtual Office, you get a prestigious mailing address for your business, you get to maintain your privacy, and you receive a slew of administrative services that will make running your business easy! Opus VO has over 650 locations, so that you can find the perfect location for your new endeavor.
Choosing the correct business entity is an important decision that will have significant financial and legal implications for your company. There are several business entities, each with unique advantages and disadvantages. This article will explore the most common business entities, and their pros, and cons.
Sole Proprietor:
A sole proprietorship is the most common form of ownership for many new businesses. This is the legal entity used by most of those who want to maintain total and complete control over their company. This is also the most straightforward business entity to create. A sole proprietorship is when a company is owned and operated by a single individual who is personally responsible for all the business debt & liability. This means creditors can attach the owners’ assets if the company gets sued or goes bankrupt. On the flip side, the owner maintains total and complete control over every aspect of the business, and there is no double taxation on profits.
Pros:
Easy and straightforward to set up
Total control over every aspect of the business
Profits are taxed as personal income
Cons:
The owner personally carries all liability for the business
Limited ability to raise capital
The company usually dies with the owner
Partnership:
This is a replica of the sole proprietorship entity with the addition of multiple owners who share in the profits and losses. There are two types of partnerships:
General Partnerships: all partners are personally liable for business debt and obligations equally
Limited Partnerships: the amount of obligation is not split evenly between the partners; it’s dependent on their investment in the company.
A partnership entity is used by small businesses that want to share the risks and rewards of ownership with others.
Pros:
Inexpensive and straightforward to set up
Shared responsibilities regarding finances and management
Shared profits and losses with partners
Cons:
Partners are personally liable for business debts and liabilities
Possible disagreements between the parties involved can lead to the breakdown of the business
Limited ability to raise capital
Limited Liability Company (LLC):
Small businesses usually create LLCs when they want personal asset protection without dealing with all the formalities of a proper corporate structure. An LLC is a blend of two entities – an S Corporation and a partnership. LLC owners get the best of both, making this one of the most popular business entities. LLC owners are called members who carry no personal liability of the company yet still benefit from pass-through taxation.
Pros:
Personal protection from company debt and liability
Flexible management structure
Pass-through taxation
Cons:
More expensive to set up than a sole proprietorship
Complex regulations & formalities must be followed
Limited ability to raise capital
Corporations:
Corporations are separate entities owned by shareholders. A corporation can raise capital by issuing stocks and bonds; shareholders don’t carry personal liability for the company debt. This is often the entity of choice for companies looking to raise capital.
Pros:
Shareholders have limited liability for company debt and obligation
Ability to raise large amounts of capital
Continuity of the company regardless of ownership and transfer of stock to other members
Cons:
The most expensive entity to create
Large amounts of state rules and regulations must be followed
Double taxation – shareholders are taxed on their income, and the corporation is taxed on profits
Non-profit Corporations:
A non-profit corporation is usually reserved for charitable or educational purposes or other public benefits. This is the entity of choice for organizations that want to impact the community or the public rather than concern themselves with making a profit. Non-profits are exempt from federal and state income tax and may receive tax-deductible donations.
Pros:
Tax-exempt status
Ability to receive tax-deductible donations
Ability to pursue a mission rather than make a profit
Cons:
Created for a specific purpose
Requires a lot of documentation to receive the special status of a non-profit
Opus Virtual Offices is a B2B provider of virtual administrative services that can help you run your business more efficiently. If you need a prestigious corporate address in a new market due to corporate growth, Opus has over 650 locations across the U.S. and Canada. Wherever business opportunity strikes, Opus VO is there! Regardless of which entity you choose, Opus VO can work with you to expand into new markets, grow your customer reach, and take care of the daily minutia that goes into running a successful business.
You’ve put the time in, worked hard, burned the midnight oil, and finally received that promotion you were after. Yet, instead of feeling confident and at ease with the success you’ve worked hard to achieve, you feel undeserving and allow self-doubt to creep in. You start questioning your abilities and allowing that negative voice to tell you you’re unqualified for your new position. If this sounds familiar, you’ve experienced imposter syndrome at some point in your career.
What is Imposter Syndrome?
Imposter syndrome is a psychological phenomenon that causes people to feel inadequate, as though they’re failures or undeserving of their success, despite evidence to the contrary. Although imposter syndrome can seep into every aspect of life, traditionally, it occurs in the workplace, predominantly affecting women in leadership roles.
5 Signs of Imposter Syndrome:
You put in 110% – 24/7/365, and you’re exhausted. You go in early and stay late. You allow work to bleed into your time off and attend every meeting, including the optional ones.
You’re an overthinking perfectionist. You are hard on yourself while cutting others’ slack and find it hard to let go of the little things.
You’re constantly concerned that others will find out you’re not as good at your job as they think you are. You keep waiting for the other shoe to drop.
You’ve convinced yourself that your colleagues are at the top of their game while you doubt your abilities.
You find it hard to accept compliments and praise from colleagues or superiors. You allow your inner critic to drown out any feelings of accomplishment.
How To Use Imposter Syndrome to Your Benefit:
Imposter syndrome is not fun. No one wants to live in a world filled with self-doubt. Don’t despair; all hope is not lost. Follow these tips and learn how to feel confident in what you do.
Take the time to learn a new skill in your field. This will eradicate those feelings that you don’t know enough or are not up to par.
Be kind, not to those around you, but to yourself. Our inner voice affects how we think. Talk kindly to yourself, the way you would to a good friend. Self-compassion is a way to keep imposter syndrome at bay.
Learn a new craft or skill. This can build your self-esteem and confidence in other arenas and make you feel better about yourself.
If you can’t change that inner dialogue on your own, it may be time to seek professional help. A therapist or coach can help uncover the emotions behind why you feel inadequate in the workplace. Once those emotions are sorted out, the hope is that any feelings of inadequacy will dissipate.
Sometimes, imposter syndrome may be a sign of overwhelm. As entrepreneurs, it’s easy to feel alone on the journey to success. One way to resolve this is with a virtual office. Not only can a virtual office provide you with a prestigious corporate address, but it may also offer many services that alleviate the burden of running your own business, freeing up your time to focus on other things, such as client acquisitions. Opus Virtual Offices offers many premium services for a low monthly fee of $99. With services like live call answer, call transfer, digital mail sort, real-time call logs, and meeting rooms on demand, you are sure to feel as though you’ve got it all under control, and you can keep that imposter syndrome under wraps!
Remote work has increased in popularity over the last few years. This is due in part to the pandemic that brought about tremendous changes to the way people live and work. Home offices and guest rooms quickly served as interim office space for many. What started as a temporary fix has become the most desired work model by employees.
The trend of remote work is only increasing as time goes on. The reasons are simple, you can live where you choose and still have the job of your dreams. You get to create the lifestyle you want while still earning a living, and for many, remote work offers flexibility and the perfect blend of work-life balance. If remote work is something you’re considering, here are the top 7 states in the U.S. to work remotely.
Top 7 Remote Work Locations
1. Boulder, Colorado:
Ranked the #1 place to live in the U.S. by US News & World Reports 2022, Boulder has a lot to offer for those who love the outdoors. This small town near the Rocky Mountains offers hiking trails, rock climbing, and National Parks. Add this to the established start-up & tech scene, and it’s a clear choice for anyone who wants to work remotely and enjoy the outdoors on their time off.
2. Austin, Texas:
Austin is another city that ranked in the top 10 by U.S. News & World Reports coming in at #2. Austin has experienced incredible growth in the last few years and has become home to companies at the forefront of the tech industry. Nicknamed Silicone Hill, for good reason, Tesla, Apple, SpaceX, Facebook, Google, and Amazon have opened offices in Austin over the last few years. Austin has a lot to offer its residents, such as music festivals, Big Bend National Park, and some of the top barbecue restaurants in the U.S. Add this to the low cost of living and outdoor activities, and it’s no wonder that people are choosing Austin as their remote city of choice.
3. Seattle, Washington:
If big city life is something you enjoy in addition to the mountain air, then Seattle should be on the top of your list for places to work remotely. Famous for its coffee culture and tech industry, Seattle is growing in popularity for remote work. Not to mention you’ll be close to many beautiful places for those weekend getaways, such as San Juan Island, Vancouver, and Leavenworth, a city with European charm.
4. Sedona, Arizona:
Sedona offers more than just beautiful Red Rock State Park to its residents. A wonderful mix of outdoor adventures, eateries, and shopping experiences, Sedona is a wonderful vacation destination and remote work location. Considered a place of modern enlightenment, many find the Sedona Vortex to be a therapeutic location where they can tap into their creative energy.
5. Nashville, Tennessee:
Famous for the Grande Ole Opry and the Country Hall of Fame, Nashville is a great place for remote work. A city that knows how to blend work and play; once you settle in, you may never want to leave. Headquarters to household names, such as Nissan, Tractor Supply Company, and Asurion, many have chosen Nashville as their remote home location.
6. St. George, Utah:
A city where 14% of residents work remotely, St. George offers a great lifestyle to its residents, especially for outdoor enthusiasts. Home to many National Parks, a flourishing art scene, historical sites, and luxury shopping, many are flocking to St. George as their destination of choice for remote work.
7. Boston, Massachusetts:
Boston is a mix of our nation’s history, fine eateries, and luxury shopping, a great destination for remote work, especially if you’re a Red Sox fan! When you’re not at your desk, you can walk the Freedom Trail, stroll through Harvard Yard, or road trip to Cape Cod for an extended weekend. Boston also boasts a strong tech scene and offers a talent pool from some of the best universities in the nation.
Opus Virtual Offices
When it comes to remote work, the ultimate goal is to choose a location that aligns with your personal and professional goals. The 7 cities above offer a low cost of living and a thriving startup scene, making them a great choice for remote work. With an Opus Virtual Office, you get premium services, taking your virtual office up a notch. Opus VO has over 650 locations to choose from. Every virtual office package comes with services such as a prestigious business address, live call answer in your company name, digital mail sort, meeting rooms on demand, real-time call logs, and more. The only thing limiting your success when you opt for a virtual office is the size of your dreams!
