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Rising Cost of Fuel and Train Fares Heightens Demand for Virtual Offices

Every time you look in the newspaper or turn on the television, you see more news about rising petrol and diesel prices.  Recently, RM Petrol said petrol prices could rise as much as 125.9 per litre!

Without a doubt, a trip to the pump quickly drains your pocketbook. The rise in price is not expected to end soon.   In addition to the instability in the Mideast affecting the price of petrol, the UK government added a fuel duty rise and VAT in January, 2011.

The Retail Motor Industry Independent Petrol Retailers Association (RM Petrol) has indicated a 3% increase in petrol prices by the Bank Holiday weekend. The earthquake and tsunami in Japan, increased demand from China, oil speculators, and dwindling Mideast reserves are all factors that influence petrol prices. Even if you forego the commute in a car, the price of a train ticket has risen by about 6 percent in the UK in the past year.

If this isn’t enough to start thinking about alternate ways to do business, the European Commission wants to ban diesel and petrol cars by 2050.  The Commission said that “a profound shift in transport patterns for passengers and freight” will help to break this reliance on oil and cut emissions by 60%.

With such legislation looming on the horizon, business owners and citizens are rethinking their current lifestyle.  Many people are now reassessing the daily commute to their offices and are either starting their own businesses, or working within their company in virtual offices.

If working in a virtual office is something that you have considered, you should research options to see if this is the best decision.  When considering the shift to a virtual office, you will probably need a virtual address.  You may read more on how virtual office rental works, find out about virtual office services available and find out how your business might benefit from having a London addresses.  Visit http://www.registeredaddress.co.uk/

Keywords to use: virtual office address, virtual office london,  virtual office service, virtual officing, virtual office in london, virtual office rental

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References: http://www.thisismoney.co.uk/oil-predictions

http://blog.easyoffices.com/index.php/rising-cost-of-fuel-and-train-fares-heightens-demand-for-virtual-offices/4784/

http://www.greenflag.com/

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Top tips on how to start a successful business

1)      Research: Research your product and target market completely when setting up a business so that you can assess, develop and validate your business ideas to get a deeper understanding of its commercial potential.  Place yourself in the shoes of your customers to identify their needs and wants. This helps to make sure you are offering what people want to buy not just what you want to sell.

2)      Educate yourself: Business start-up success does not usually happen without massive, inspired action. Learn the language of marketing and how to boldly ask for what you want often. Be committed to learning as much as you can about sales, marketing for a successful business. Too many entrepreneurs focus on getting their brand right before they start to generate leads. That is exactly the wrong way to go about business. Leads are always more important than your brand therefore don’t waste money perfecting your brand and spend that same money to buy new customers.

3)      Learn from your mistakes: Make bold choices and learn from your mistakes as this is a normal part of the process. You will not succeed without missing the mark more often than not.

4)      Always find new ways to keep cost low: Make sure your plan is thorough and be prepared if things do not go to plan. In your plan it is also wise to always overestimate expenses and underestimate revenues in the first couple of years.

5)      Get cash flowing: Find ways to get money up front and your cash gap will never be an issue. One way is to get customers to pay an up-front monthly fee to guarantee their delivery or availability of items they will buy continuously.

6)      Find creative ways to increase profit: There are many ways to increase profit: Developing effective ways to convert more leads into customers, increasing the number of times those customers buy from you; increasing the average price point of your sales and increasing your profit margins.

7)      Continuously test, measure and track your results: Through testing and measurement you can develop, improve or change your strategy or program.

8)      Prioritise adding value instead of offering discount:  Whenever you discount, you are taking money directly out of your pocket and directly from your bottom-line profit. Offer your customers added value all the way up and down your product or service line. One way could be to increase your margins with the low-cost or no-cost extras and any kind of, “freemium” offerings. This will encourage customer loyalty and word of mouth will spread across your customer base.

9)      Seek help:  Find someone who is successful in business, outside of your business, that you can rely on for objective business advice and to hold you responsible for getting results. You can even employ a business coach to give you a helping hand.

10)   Take positive action: Believe in yourself and your abilities then take action! Always find ways of solving problems through planning.