In today's episode of Officebytes TV, Greg Hoffmeister and Jon Frisch of T3 advisors, based in Massachusetts, discuss the "3 izes" that all start-ups and small businesses should keep in mind when searching for office space.
In addition to our friends at T3 Advisors, the interview also contains excerpts from the following on their experiences with finding/helping others find office space:
Sachin Agarwal - Operations Lead | oneforty.com
Derek Lyman - CEO | Dexrex.com
Barrett Bilotta - COO | Dexrex.com
John Hallinan - CFO Cytel, Inc.
Here are the "3 izes" in more detail
Organize
- Set your criteria (location, size, layout, growth plan, budget)
- Prioritize your wants vs. needs
- Form internal real estate team
- Map out decision making process
Optimize
- Engage a professional to leverage your time
- Stretch every dollar
- Look for non-traditional space alternatives (coworking, incubators, squatting)
- Look for bargains on furniture (used or build your own)
- Consider using the cloud whenever possible for e-mail, phone, network, applications to minimize out of pocket capital expenses
Compromise
- Don't waste time looking for ideal space
- Find the best alternative quickly and act
- Be decisive
- Location, price, quality and speed...pick two
Content provided by Greg Hoffmeister and Jon Frisch of T3 Advisors.
You can find them here on Twitter:
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by Al CampbellVANCOUVER, Jan. 20 () -- The top-ranked American women's soccer team opened up its Olympic qualifying with a vengeance Friday, scoring early and often with a 14-0 demolition of Dominican Republic.In the first-ever meeting between the two countries in the eight-nation tournament where the top two teams qualify for this summer's London Olympic Games, star forward Abby Wambach opened the scoring 37 seconds into the match and the Americans, the gold medal winner at the Beijing Olympics, never looked back.With seven goals in each half, it was the biggest margin of victory ever by a U.S. national team - two goals better than a pair of 12-0 wins recorded in 1991.Amy Rodriguez led the scoring with five goals and Heather O'Reilly had a hat trick. Wambach chipped in for two goals, while Rachel Buehler, Carly Lloyd, Tobin Heath and Lauren Cheney added singles."Soccer is an amazing sport and there are all different levels of competition all around the world," said Wambach, trying to explain the rout. "Obviously the score makes people feel like it wasn't even a competition, but we as a team feel we have so many things that we need to work on. This was a game that gave us opportunities to work on some things."U.S. coach Pia Sundhage didn't see any problem with the score, saying the team might need the goals if there's a tie in the tournament and it comes down to goal difference."This team is ready," said the Swede. "The fact that we got an early goal, early goals actually, I think that made it a little bit easier for us. You get a momentum and you go. Well, it was a game where we had a good start. It's hard to play against us when we have a good start."In the other Group B match earlier in the day, Mexico opened on a strong note as its veteran captain Maribel Dominguez scored a hat trick in 5-0 victory over Guatemala.With 21st ranked Mexico looking to play spoiler at the CONCACAF tournament against the favored Americans and Canadians in a bid for its first Olympic appearance since 2004, Marylin Diaz scored in the 12th minute before Dominguez took over.The 33-year-old veteran, a national team member since 1998, put Mexico up 2-0 when she took a long ball from defender Alina Garciamedez Rowold and got past falling Guatemala defender Shannon Brooks and easily put it behind goalkeeper Maricruz Lemus.In the 38th minute, Dominguez set-up Dinora Garza to make it 3-0, before closing out the first-half scoring with her second goal in the 44th minute for a 4-0 lead going into the dressing room.Dominguez, who once signed a contract to play in the Mexican men's second division, a move thwarted by FIFA, scored her third goal on a penalty kick in the 67th minute to close out the scoring."She had a very good game, and not because of goals, because she played next to two young players and she was guiding them, she was patient," said Mexico coach Leonardo Cuellar of Dominguez. "She went for chances instead of forcing things. I'm very happy. I'm very pleased. A lot of people question why Maribel still plays, and why she's still around the team, but she showed today what she's capable of."Cuellar said scoring early settled his team down, but added Guatemala, ranked 85th in the FIFA ranking, were a better team than they showed."They stayed in the game and didn't put their heads down. We could have scored a couple of more goals in the second half, but it's a good beginning."Saturday's Group A action sees host Canada take on Cuba, while Haiti takes on Costa Rica.
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UNITED NATIONS, Dec. 26 () -- The UN Security Council on Monday strongly condemned the terrorist attacks in Nigeria, and " underlined the need to bring perpetrators, organizers, financiers and sponsors of these reprehensible acts of terrorism to justice.""The members of the Security Council condemned in the strongest terms the terrorist attacks that occurred in Madalla, Jos and Damaturu, Nigeria, on 25 December 2011, causing numerous deaths and injuries," said a statement issued here."The members of the Security Council expressed their deep sympathy and condolences to the victims of these heinous crimes and their families, and to the people and government of the Federal Republic of Nigeria," the statement said.A bomb exploded on Sunday morning at St. Therasa Catholic Church in Madalla town on the outskirts of the West African country's capital Abuja after the Christmas Day Mass, killing at least 25. Hours later, blasts were reported in central Nigerian city of Jos."The members of the Security Council reaffirmed that terrorism in all its forms and manifestations is criminal and unjustifiable, regardless of its motivation, wherever, whenever and by whomsoever committed, and should not be associated with any religion, nationality, civilization or ethnic group," the statement said."The members of the Security Council reaffirmed the need to combat by all means, in accordance with the Charter of the United Nations, threats to international peace and security caused by terrorist acts," the statement said.The members of the Security Council reminded states that they must ensure that measures taken to combat terrorism comply with all their obligations under international law, in particular international human rights, refugee and humanitarian law, the statement said."The members of the Security Council underlined the need to bring perpetrators, organizers, financiers and sponsors of these reprehensible acts of terrorism to justice, and urged all states, in accordance with their obligations under international law and relevant Security Council resolutions, to cooperate actively with the Nigerian authorities in this regard," the statement said."The members of the Security Council reiterated their determination to combat all forms of terrorism, in accordance with its responsibilities under the Charter of the United Nations," the statement added.
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CHONGQING, March 7 () -- Southwest China's Chongqing municipality is continuing to suffer from a drought that began in August 2011, with the sprawling city's rural areas left particularly vulnerable, a local government spokesman said.The drought has left almost 250,000 people and 120,000 livestock short of drinking water, said a spokesman with the local flood control and drought relief headquarters.The drought has also withered 37,667 hectares of crops, the spokesman said.The government has dispatched relief teams to drought-stricken areas to oversee disaster relief operations, he added.
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SEOUL, March 15 () -- Local branches of foreign banks in South Korea reduced their funding last year due to the implementation of macro-prudential measures to ease capital flow in and out of the country, the financial watchdog said Thursday.A total of 38 South Korean branches of foreign banks borrowed a combined 92.2 trillion won (81.77 billion U.S. dollars) in 2011 through non-depository financing such as foreign currency loans, call money loans and interbank loans, according to the Financial Supervisory Service (FSS). Last year's borrowing was down 7.8 trillion won from a year earlier.The fall in short-term borrowing led last year's decline, with foreign currency loans and call money loans shrinking by 4.6 trillion won and 5.5 trillion won respectively, the watchdog said.In contrast, depository liabilities grew 1 trillion won on-year to 10.3 trillion won in 2011 due to the growth in retail deposits.The FSS said that Seoul branches of foreign banks increased long-term funding last year through interbank loans instead of reducing short-term financing after the authorities introduced various macro-prudential measures to curb rapid capital flow in and out of the country.Seoul introduced the so-called "bank levy" in August 2011 in a bid to prevent abrupt capital outflow seen during the 1998 and 2008 financial crises. The levy was imposed on non-deposit foreign debts held by 57 financial institutions, and ANZ Banking Group paid 759,000 U.S. dollars for the levy for the first time in late- February.Meanwhile, foreign banks' Seoul branches expanded foreign currency lending related to export and import last year, while reducing their investment in marketable securities, particularly in government bonds, according to the FSS.Securities investment reduced 6.9 trillion won on-year to 52.9 trillion won in 2011. Investment in government bonds and monetary stabilization bonds (MSB) contracted by 8.3 trillion won last year amid falling incentives for arbitrage trading, but purchases of corporate bonds grew by 1.3 trillion won due to strong demand for high yield assets.Despite the reduction in securities investment, loans increased 2.7 trillion won on-year to 52.8 trillion won in 2011. Foreign currency-denominated loans for export and import expanded by 1.7 trillion won last year, and trade financing such as foreign currency bills bought and domestic import usance grew by 1 trillion won.
LONDON, Feb. 17 () -- Over 250 of the world's best divers will compete at the 18th FINA Diving World Cup from February 20-26, the last qualification opportunity for the London Olympic Games.Amongst the world class line up are Chinese Olympic champions He Chong and Chen Ruolin.He is 2008 Olympic individual 3m Springboard gold medallist and three-time world champion while Chen is double Olympic champion, winning both the 10m Platform and Synchronised 10m Platform.China is known as the dominant force in diving but Matt Mitcham, who will represent Australia at the test event, could threaten their hopes for a gold rush at the World Cup.Mitcham became the only non-Chinese athlete to win a diving gold medal at the Beijing Olympic Games when he won the individual 10m platform.The British team have named 13 athletes, including Synchronized 10m pair Tom Daley and Pete Waterfield and rising star Jack Laugher, who is current junior world champion in both the individual 3m springboard and individual 1m springboard.Tonia Couch, Britain's most celebrated female diver who placed eighth in the individual 10m platform at the Beijing Games and has finished in the top 10 in the last two FINA World Championships, will also line up for the UK.The competition, which is part of the London Prepares series of test events and supported by Visa, UK Sport and British Swimming, will be the first sporting event to be held at the spectacular Aquatics Centre and the 31st test event to be staged by the London 2012 Organizing Committee (LOCOG)."From everyone's feedback on the Aquatic Centre, this facility is amazing and will certainly constitute an asset for the success of FINA's disciplines at the Games'time," said FINA President Dr. Julio C. Maglione. "I am sure that this World Cup will also be a milestone and I look forward to witnessing the performances of our best athletes during the Olympic celebration."The event will test key elements of the venue operation and logistics such as lighting, results, scoring, workforce and timing while providing an ideal opportunity for athletes and team officials to compete at the venue ahead of the 2012 Games and offer feedback on LOCOG's plans.
JAKARTA, Aug. 13 () -- The Indonesian Southeast Asian Games Organizing Committee (INASOC) said it would host a torch relay in the run-up to the biennial event, the Jakarta Post reported on Saturday.The relay will visit 15 cities and regencies in 15 provinces and is expected to start in South Sumatra in October.Organizer Muddai Madang said the torch would only pass through areas that sent a large number of athletes to the competition, such as provinces of Jakarta, East Java, South Sulawesi, North Sulawesi, North Sumatra and Papua.As the province co-hosting the Games, the torch' s stop in South Sumatra would be a big event, he said."Each city will have its own festivity to show our gratitude that the event was being co-hosted in South Sumatra," Muddai said Thursday.The torch is scheduled to reach co-host city Palembang a few hours before the opening ceremony in the South Sumatran capital."The organizers of the opening and closing ceremonies have prepared a special way to light the flame in the caldron," he added.Indonesia will host the 26th SEA Games in Jakarta and Palembang of South Sulawesi province from Nov. 11-22.An estimated 6,000 athletes and officials from 11 countries are expected to take part in the event, which will feature 42 sports.
BEIJING, July 27 () -- The Chinese government said Friday that the Illinois-based Water Quality Association (WQA) certified water quality in China without the approval of local authorities.In April, the Certification and Accreditation Administration (CAA), the regulator of China's certification industry, received complaints that the WQA's representative office in China was conducting unapproved certification activities.After an investigation, the WQA was found to have moved its Shanghai office from the address listed on its website.The investigation also revealed that the WQA had received certification to test water quality in China from the company's headquarters in the United States, but never received such permission from Chinese authorities.The U.S.-based association has confirmed the results of the investigation.The CAA has urged consumers to select quality assessors approved by the Chinese government and report illegal activities to local quarantine and quality inspection authorities.
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HANOI, July 6 () -- The two-day Vietnam-Latin America Trade and Investment Forum, the first of this kind ever held in Vietnam, was wrapped up on Friday, which is believed to create a breakthrough in expanding friendship, mutual understanding and trade cooperation between Vietnam and Latin American countries.Themed "Vietnam-Latin America: Trade and Investment Partners for Development", the forum drew participation of ministerial and local leaders and representatives from over 200 Latin American and Vietnamese businesses.The main agenda focused on three major issues including business investment, transport, logistics, telecom and services connectivity, and partnership in agriculture and energy among participating countries.To date, Vietnamese firms have pledged to invest 7 billion U.S. dollars in Latin American while countries in the region plan to invest 3 billion U.S. dollars in Vietnam. Bilateral trade has grown at a high rate, but still does not match the potential of both sides, said Vietnamese Prime Minister Nguyen Tan Dung at the opening ceremony.Vietnam has trade ties with over 30 markets in Latin America. The two-way trade between Vietnam and the Latin American region increased from 300 million U.S. dollars in 2000 to 5.1 billion U.S. dollars in 2011.Vietnam is a potential market with a population of nearly 90 million and strategically positioned in Southeast Asia. The country is a member of a number of regional and international trade mechanisms,said Dung.Meanwhile, Latin America has more than 570 million people, with a total GDP of over 5,500 billion U.S. dollars. The region has diverse natural resources, science and technology potentials and huge goods demand, which is very promising for Vietnamese exports, he said.Vietnam wants to boost trade and investment cooperation in the fields of oil and gas, energy, consumer goods and seafood as well as import raw materials from Latin American countries, Dung said.Gabriel Duque Mildenberg, Colombian vice minister of foreign trade and regional coordinator of East Asia-Latin America Forum, said that this is a good time for Latin American countries and Vietnam to set up a legal foundation. The forum would help foster mutual understanding and linkages.Regarding the modest trade and investment cooperation between Vietnam and the region, Vu Tien Loc, president of the Vietnam Chamber of Commerce and Industry, said the main reasons were language barriers, geographical distances and shortage of information and understanding.During the forum, a seminar on the Vietnam-Latin America Business and Investment Environment was held.Vietnamese President Truong Tan Sang met with heads of Latin American delegations. He vowed to create favorable conditions for Latin American enterprises to do business in Vietnam and hoped that the governments of Latin American countries would provide similar support for Vietnamese enterprises.
SINGAPORE, Dec. 1 () -- Singapore's bank lending almost stalled in October, with the Singapore dollar lending growing by a modest 0.3 percent to 406.5 billion Singapore dollars (312.7 billion U.S. dollars), statistics released by the Monetary Authority of Singapore showed.This is in comparison with the growth of 3.1 percent for September, local daily Business Times said on Thursday.Business loans shrank by 0.1 percent to 233.3 billion Singapore dollars (179.5 billion U.S. dollars), the first time it shrank 16 months, despite that the statistics were not seasonally adjusted.Over the year to Oct. 31, bank loans grew by 29.8 percent.Analysts said they expected the bank loan growth to slow further in 2012. The government warned last week that the Singapore economic growth is expected to slow sharply to just 1-3 percent next year and could stall if the developed economies slide into recession.
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