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Category: Management

Office In A Container Is A Reliable Option

As the world now sees a trend among businesses where they are trying to become more and more environment friendly, one of the most bizarre but practical ideas is to use large containers to create office spaces. They offer a lot of benefits and are considered to be a great option for small businesses as well as start-ups.

A lot of container offices have archiving storage. This has emerged tremendously ever since their arrival and people are showing genuine interest in these things.

The following are a few benefits that you can get by availing these offices.

  • These offices have symmetrical designs, making it easier for people to set up their office essentials. Also, as you can avail multiple containers as your office, you will be able to diversify each container as separate departments.
  • It will surely promote your company as someone who cares for the nature as you will be showcasing the reusability of waste material i.e. scrap containers. Also,you will get a lot of concessions on taxes related to property, pollution etc.
  • These office spaces will be a lot easier to maintain and clean as compared to traditional offices and you will save a lot of money on regular maintenance that you might have spent on traditional commercial space without any words.
  • Above all other reasons, these office spaces are extremely affordable which is great for small businesses and new start-ups. This is because saving money in the initial stages can help them to grow exponentially in the future by concentrating those finances on some important aspects.

The 20-30-50 rule Every Business Should Adopt

A lot of small to mid-sized businesses struggle to keep their books organized and clean. When it comes to cash flow management here is a rule that many successful business owners recommend.

Divert 20% of your earnings into savings or debt repayment. It is simple, if you are one of the lucky ones with no debt, make sound investments, returns of which can be used for the benefit of your business.

Keep 30% of the earnings for all variable expense, that keeps changing on a daily basis. These include all your sundry expenses like stationery, office luncheons etc.
Use 50% of your earnings to meet the month-on-month fixed costs, like mortgage payments, rent, insurances, utility bills like electricity, fuel etc.