Membership Benefits - UNOVA Coworking

July 27, 2022July 27, 2022

Manage Your Business’s Cash Flow in 4 Simple Steps

Keeping the cash flow steady at your business can be a long and frustrating process, even when sales are good. This is because there are several factors that go into your finances, and some get overlooked in the course of daily operations, such as the state of your inventory management. By making some small changes to the way your business handles certain tasks, you could make meaningful progress when it comes to your cash flow. Here are a few tips from UNOVA Coworking to help you get started.

Incorporate

If you haven’t already incorporated your business, consider doing so for the many advantages your business will see. There are several different corporation types and they all have various advantages. For instance, forming an S corporation allows you to take taxes out of your paycheck rather than paying them in one lump sum at the end of the year, and it also allows for a deduction for your payroll, which means your tax responsibilities will be lowered. There is also a C corporation option, which allows for a much stronger form of protection for your company and its shareholders. Read up on the benefits of incorporating to figure out which option is best for your business, and get some help with filing the corporation paperwork.

Invest in Helpful Software

Whether you choose to incorporate or not, you’ll need the best and most updated software in order to make sure your payroll and accounting records are on track. These days there are several options available according to your business’s specific needs, and while it’s still a good idea to utilize the services of a professional accountant at tax time, there are programs that can help you keep track of your expenses and income throughout the year so you won’t face any nasty surprises. You can choose between software that incorporates both accounting and invoicing tools or look for specific programs that focus on one or the other.

Create a Loyalty Program

While keeping track of your cash flow is essential, it’s also crucial to look for ways to bring more money in. You might partner with a local business so both of you can benefit from the exposure, or create a loyalty program to encourage repeat customers. Businesses make much more profit from loyal customers than they do from new ones, so this is a great way to boost your income without spending a lot of money in the process.

Working with other small businesses can get your brand more exposure, so make sure that you have a simple, but high quality, logo that captures your company’s product and spirit. If you don’t yet have a logo, look for programs online. There are even some free options that allow you to customize templates or create your own from scratch. It’s logo design made easy, and your business will reap the benefits.

Make It Easier for Customers to Pay

Once you can keep your customers coming back, it’s a good idea to make paying invoices as easy as possible for them so you don’t have to waste valuable time and money tracking down payments. Consider digitizing invoices, offering a small discount for early payments, creating multiple pay options, discounting subscriptions, and/or offering email or text reminders to ensure they know when billing dates are. The easier it is for your customers to keep track of their bills and due dates, the faster you’ll get your money, allowing your business to keep cash flowing freely.

Maintaining a healthy cash flow for your company will ensure that you aren’t scrambling to find resources during slower times of the year, and it will help to reduce the stress that comes with running a business. By getting organized and utilizing a few different tools, you can keep communication open with vendors and customers to make sure your finances are in great shape.

Having a dedicated office space is nice, but it can be expensive. A more budget-friendly option is a coworking space, like UNOVA Coworking. Not only do we offer a quality workspace with many office essentials included, but you will also get the benefit of networking from your office. Visit us online to learn more about how you can save money by using our coworking space for your business!

Questions or comments? Have any additional tips or resources to share? Reply below or reach out to Julie Morris.

April 12, 2021April 11, 2021

Don’t Let Burnout Be Your Only Option When Work-Life Balance is Missing

In today’s society, it can feel like all we do is work; wake up, take a shower, go to work (or work from home!), come home, eat, sleep, rinse, repeat. According to Blue Water Credit, Americans work more hours than any other country in the world. The numbers are frightening. A recent poll shows that Americans work an average of 47 hours per week, and 18 percent of Americans work over 60 hours a week. It’s no wonder we’re all so tired, even when we are still in college or have just started our adult lives!

If you’re struggling with the effects of burnout, this guide from UNOVA Coworking offers a few steps you can take to help you find your own version of work-life balance.

Find a Mentor

There are many reasons to have a mentor. She can give you advice on how to advance your career to the next level, help you build meaningful connections — and offer insight on how to achieve a better work-life balance. Even if there are times you feel you can’t possibly juggle all of the professional and personal responsibilities on your plate, your mentor can help you navigate the stress of it all based on her own experiences.

Find a Job that You Enjoy

Sometimes burnout is simple. Nobody likes putting in countless hours at a job they don’t enjoy. But there are many reasons why people continue to stay at a job they can’t stand. Maybe you’re worried about a consistent income or have recently been dropped from your parents’ health insurance. Unfortunately, these are realities that every American has to think about. But that doesn’t mean you are stuck!

If you are struggling with burnout, it may be time to reevaluate your options and pivot your career. Closely examine your finances, look for ways to save extra money, and make a plan to find a job you love. Doing something you enjoy with a team that is a good fit can refresh your whole life and bring back your zeal before you lose your zest for life.

In some cases, your best option to further your career is to go back to school. The great news is that thanks to so many online education programs, it’s easier than ever for career-minded folks to continue working while they take online classes around their schedule. Of course, there are many tracks you can take, but as an example, enrolling in an online business program could help you climb the ranks at your current company, become a more desirable candidate at another firm, or even pave the way for you to follow your entrepreneurial dreams.

Whatever your ambitions, don’t limit yourself at a job or company you’re not passionate about. The sky really is the limit!

Practice Mindfulness

So many of us get through our days by just going through the motions. But doing this can make the clock drag, inevitably resulting in burnout. What does it mean to be mindful? Positive Psychology defines mindfulness as “a moment-to-moment awareness of one’s experience without judgment.” But what exactly does this mean?

In essence, it means being aware of your actions and what drives them. When you are mindful at work, there’s a greater chance that you’ll feel like what you do matters. While you are paying attention to your surroundings, it is also a good idea to practice controlled breathing. This can help you settle your mind and body and reduce stress that can hurt you in the long run.

Use Your Vacation Time

If you’re lucky enough to work for an employer that provides paid vacation time, don’t let it go to waste. Many companies work on the mentality of “use it or lose it.” This means that if you don’t use your current year’s allowance, it disappears. You have to wait until you earn more time to take a vacation.

Think this tip sounds like common sense? Think again. According to Forbes, Americans let almost 50 percent of their vacation days in 2017 go unused. What’s worse, 10 percent didn’t even take a vacation at all. That time away from the workplace can be instrumental in keeping you happy and healthy, not to mention helping you avoid burnout, so put it to good use, even if you aren’t able to travel. Simply taking some time at home via a staycation will give you a much-deserved break from your job and help prevent burnout.

Learn to Manage Your Time Wisely

Time is a valuable thing, and you only have 24 hours in each day. Learn how to use yours wisely. This starts by putting an end to doing the things you despise. While you still have to do the dishes and fold the laundry, you don’t have to give up your day off to babysit your sister’s kids, and you don’t have to mingle with co-workers you don’t like. Remember, your time is just that, yours. You can also make room in your days by being more efficient. Need to get gas, go grocery shopping, and pick up the dry cleaning? Find a grocery store with a fuel station and the nearest cleaners, and make it a single excursion, not three different trips.

Burnout is a reality that many Americans deal with. But it doesn’t have to be. When you examine the root cause and take steps to make a change, you may find you’re able to achieve a greater work-life balance.

If spending more time working from home is throwing a wrench in your work-life balance, consider a membership with UNOVA Coworking. Having a professional space where you can focus during work makes it easier to firm up boundaries. Check out our membership options today!

June 8, 2020October 6, 2020

We (Re)Open Today, June 8th!

We’ve missed you!

We’re open and ready to help you
get work done.

Whew! Nothing quite like putting the phrase “working alone sucks” to the test! We know that many of you need to get back into an environment that is more conducive to your productivity, and that’s where we can help.

UNOVA officially reopens today, Monday, June 8th under Phase 2 of the NY Forward guidelines. Our goal remains safety, so we have created a few new policies and procedures intended to help maintain a safe workspace for you and your fellow coworkers.

Reopening Procedures

Upon returning to the space, we will provide you with Welcome Back instructions and a personal hand sanitizer which will reserve your desk for the day. In return, we require the following:

A signed return-to-space acknowledgment
Daily screening and check-in
Use of masks and social distancing measures

Stop by to check out the procedures, and reach out with questions.

Updated Website

We fully took advantage of the PAUSE and re-created our entire website! We hope it shows you and new members all the ways we can help you get work done, including our brand new reservable Zoom Room with webcam. Check it out!

NEW Simplified Memberships

You spoke. We listened. Check out our new, simple membership levels. They include the most used resources in our space, at prices you can afford. Each membership (other than Day Passes) allows for 24/7 access to the space and use of our included amenities:

As always, if there’s something else you need, we’re willing to work with you and your organization to create a membership type that works for you!

Well friends, that’s all for now. We realize that your time and money are more valuable than ever, and we want you to know that we are here to support you. Please reach out with any questions, ideas, comments, or concerns. We are with you in this and are confident that we will get through it together.

U NO longer have to work alone.

August 20, 2019September 24, 2019

Yes. All the Coffee.

Free Coffee?

Yes, all the coffee.

Here at UNOVA Coworking, membership comes with a variety of perks, one of which is FREE coffee. But don’t let the “free” fool you — at UNOVA, we take our coffee pretty seriously.

We regularly restock the air-tight storage container with locally roasted beans from Premium Coffee Roasters in Lackawanna. The official “House” beans are the Tuscan Blend — a perfectly blended amount of Arabica beans with low acidity and sweet aroma.

Everything you need for your cup of Joe is conveniently located on our kitchen counter. Every pot starts with freshly ground beans from our burr coffee grinder and ends with your own customization of creams, flavorings, and sweeteners. We also posted the instructions on top of the coffee maker in case you drink the last cup — don’t be THAT guy or gal!

Our coffee is just one of the many ways we ensure that UNOVA members have what they need to get work done!

Want to learn more? Click here and sign up for your membership today!