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How Far Will a New $100 Bill Take You?

Have you seen the brand new $100 bill? The U.S. Department of the Treasury just unveiled the new design, complete with advanced technology to combat counterfeiting. It still looks a lot like the $100 bill you are used to, but it’s hardened to fight fraud.

That got me to thinking: What can you buy with $100?

For some people, $100 will buy groceries for the week. For others, you can pick up a cool new iPod. Still others might spend $100 on some new clothes.

What you can’t buy with $100 is office space. Even the least expensive office space rentals are more than $100. But there is a cost-effective alternative that will help you stretch those newly-minted $100 bills: virtual office space.

For example, you can get a virtual office space in the Wall Street Business Center in New York for just $79. You can get a virtual office space in Cupertino for $95. You can also get a virtual office space in Chicago for $95. Are you beginning to get the picture?

Your $100 bill will take you a long way in the virtual office world. You can get a prestigious business address in some of the most respected buildings in major cities and smaller cities across the U.S. and around the world for $100 – or less.

What’s more, you can also get access to conference rooms or meeting rooms for a small hourly fee if you need a bricks-and-mortar space to meet clients. Even if you had to meet clients for 10 hours a month at a Davinci Virtual location, it would still only cost you about $250. That’s $350 in total, and you have no additional officing costs, no electricity, no long-term lease, no phone equipment or furniture to purchase and so on. And next month when you don’t need to meet so many clients face-to-face, you are only spending $100—or less.

Davinci Virtual has virtual office space in all 50 U.S. states and in strategic locations around the world. Although some locations are more than $100, many are significantly less than $100. So while you are thinking about how you are going to spend those crisp, clean new $100 bills the U.S. Treasury just announced, consider how far it will take you toward your business goals when you consider a virtual office space.

Check out this video that shows you all the features of the new $100 bill.

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Davinci Virtual Featured in Salt Lake Tribune Article

Davinci Virtual is in the news again. The Salt Lake Tribune is featuring the virtual office company in an article entitled, “Even in a virtual business, you may need physical space.”

Tom Harvey reports on Davinci Virtual and how the business caters to home office entrepreneurs, and he begins with the pros and cons of virtual offices. The pros, he writes, is that entrepreneurs can work mostly from home over the Internet. The cons, he continues, is that you may have to meet a potential client in your living room.

That, Harvey writes, is where Davinci comes in. He discussed the issue with Bill Grodnick, president and CEO of Davinci Virtual.

"Our business has really gone from nothing to we'll be doing $10 million in business this year," Grodnick told The Salt Lake Tribune. Of course, there’s also Davinci Meeting Rooms. "You can basically book a meeting room from New York to L.A. tomorrow at 9 o'clock in the morning,” Grodnick says.

Davinci Virtual gives entrepreneurs the best of both worlds. For example, you don’t have to commute to the office every day. That saves you time. You don’t have to hire and train employees to answer the phones. That saves you money. You don’t have to be concerned about meeting clients in your living room or even in a restaurant because you can tap into a day office or a meeting room. That enhances your reputation. Remote receptionists tackle calls so you can keep focused on the task at hand, but you don’t have to employ a full-time receptionist. That saves you across the board.

From real estate professionals in Denver to accountants in Cleveland and beyond, service firms are finding value in virtual offices because it offers a professional image, productivity technologies and lower overhead than traditional office space.

Check out this short video about Davinci Virtual.

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Volcanic Ash Cloud Boosts Virtual Office Technology Use

Norway's Prime Minister and the Virtual Office

Did you hear the news about Norway’s prime minister running the country from his new iPad? I figure if a government official can oversee the complex issues of national government from a remote location, you and I can certainly do every day business from a virtual office.

According to AP reports, Norwegian Prime Minister Jens Stoltenberg governed remotely with his iPad while stranded abroad by a volcanic ash cloud. The prime minister used his iPad to conduct government business after his flight from New York was canceled on Thursday.

With a virtual office, you can continue conducting business amid any delay or emergency. And you don’t even need an iPad. Virtual offices give you a prestigious business address with 800 or local numbers that are answered and forwarded to your mobile phone or other remote location anywhere in the world.

A virtual office gives you the freedom and flexibility to do business while on the run in Atlanta, in a home office in San Francisco, or even while on vacation in Hawaii. A virtual office can also give small business owners the benefit of having a physical office, and you can even tap into administrative support and catering services and have your business listed in the lobby directory.

As we announced earlier this week, Davinci Virtual offers virtual office space in every state in the United States and in many locations around the world. So whether you are an American who needs virtual office space Norway or a Norwegian who needs virtual office space in New York, Davinci has you covered.

Check out this video and see how an iPad could compliment your virtual office set up. And register to win a free iPad from Davinci Virtual.

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Tampa’s Low Business Costs Make Virtual Office Expansion Attractive

Businesses that use virtual offices appreciate the concept of keeping business costs low. Beyond the costs of physical offices, of course, there are labor costs and taxes to consider when choosing where to expand your company.

Virtual offices can cut the overhead, but if you expand into a city where other fixed costs are through the roof you can erode your competitive advantage if you eventually plan to establish a larger presence.

KPMG is offering some insights on the cost of doing business in U.S. cities in a new study called “2010 Competitive Alternatives.” Armed with this information, companies looking to expand in new cities factor in costs beyond the nominal fee they’ll pay for virtual office space.

"Our study offers a comprehensive guide for comparing business costs in the United States and contains valuable information for any company seeking a cost advantage in locating a business operation, especially in the current economic climate," said Hartley Powell, national leader for KPMG's Global Location and Expansion Services practice. "Selecting the best site for a business operation requires balanced consideration of many factors, including business costs, business environment, personnel costs and quality-of-life issues."

Tampa Wins Cost Battle
Tampa the least-costly place to do business among 22 U.S. cities and locations with populations exceeding 2 million, according to KPMG. Tampa had a cost index of 96.0, representing business costs 4.0 percent below the U.S. national baseline of 100.

Atlanta was the second most cost-competitive location in the large-cities category, followed by Miami and Baltimore, ranking third and fourth, respectively.  Atlanta’s cost index is 96.3, Miami sits at 97.0 and Baltimore at 97.1.

The KPMG study reveals Atlanta's ranking was driven primarily by competitive business-operating costs in such areas as office leasing, transportation, labor, and employee benefits, along with a favorable effective corporate-tax rate. Miami benefited from low labor and transportation costs, while Baltimore was helped by low property tax and sales tax costs.

Dallas-Fort Worth, St. Louis, Houston and Phoenix also rated high in the study. Dallas-Fort Worth has a cost index of 97.7, ranking fifth among the large U.S. cities.  St. Louis ranked sixth with a cost index of 97.8, benefiting from very competitive salary and wage costs and very low industry lease costs. In fact, St. Louis tied with Chicago for the lowest industrial-lease cost among the 22 large cities in the study. Houston and Phoenix ranked seventh and eighth, with cost indexes of 97.9 and 98.1, respectively.

Los Angeles Most Expensive
By contrast, the most expensive places to do business in the large-cities category were Los Angeles, New York and San Francisco. San Francisco and Los Angeles, with cost indexes of 104.1 and 101.4, respectively, also have very high sales tax costs, while New York's very high industrial-lease costs contributed to its high ranking with a cost index of 102.0.

And while San Francisco ranks as the most expensive place to do business among 22 large U.S. cities studied, it is not the most expensive U.S. city to do business, according to the study. That distinction goes to Honolulu, in the study's small-cities category, with a cost index of 107.3.

When it comes to site selection, these are all factors to consider. The beauty of a virtual office is that it lets you avoid most of the costs of doing business in a city. You pay one monthly fee, with prices beginning at $75, and get a prestigious business address in your city of choice, along with support services like call forwarding.

Check out this video and get to know Tampa...

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