Victory Offices Blog, Author at Victory Offices https://victoryoffices.com.au WE MIND YOUR BUSINESS Mon, 31 Jan 2022 08:11:24 +0000 en-AU hourly 1 https://wordpress.org/?v=5.8.6 https://victoryoffices.com.au/wp-content/uploads/2020/04/cropped-Victory-Offices-just-logo-1-32x32.png Victory Offices Blog, Author at Victory Offices https://victoryoffices.com.au 32 32 3 Ways To Ensure Your Content Stays On Brand https://victoryoffices.com.au/3-ways-to-ensure-your-content-stays-on-brand/ https://victoryoffices.com.au/3-ways-to-ensure-your-content-stays-on-brand/#respond Thu, 08 Apr 2021 02:00:39 +0000 https://victoryoffices.com.au/?p=23182 Do you want a community that are hooked on your brand? It’s important to understand how best to communicate with them via your content.  Which is exactly why we wanted to touch on three important points to ensure your message remains consistent and in line with your brands core values.  1. CREATE A STRONG BRAND …

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Do you want a community that are hooked on your brand? It’s important to understand how best to communicate with them via your content. 

Which is exactly why we wanted to touch on three important points to ensure your message remains consistent and in line with your brands core values. 

1. CREATE A STRONG BRAND IDENTITY 

A strong brand identity will help you do two crucial things:

– It will set you apart from you competitors 

– It will attract the customer and community you want

A brand strategy is a plan that outlines what you want to achieve and how you want to achieve it. 

2. CONSISTENCY AND QUALITY ARE KEY

Once you understand the why of your business and who you serve it’s important to make sure that’s reflected in your branding.

Everything from Facebook and LinkedIn to email signatures should be uniform.

3. ROME WASN’T BUILT IN A DAY

And your business won’t be either, but you can build it far more quickly with a larger community.

Get in contact with relevant people in your industry through LinkedIn, phone calls, meetings, coffees, after work drinks. 

Our professional life is now lived through a screen and we forget how useful it is to build a community through in-person networking. 

So, how do you ensure your business stays consistent and on brand? Let us know in the comments below!

Remember to subscribe to our channel Victory TV, and we’ll see you next time with more helpful videos.

Together we can EXCEED THE BENCHMARK.

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As people return to the office, these are the ASX shares set to benefit https://victoryoffices.com.au/as-people-return-to-the-office-these-are-the-asx-shares-set-to-benefit/ https://victoryoffices.com.au/as-people-return-to-the-office-these-are-the-asx-shares-set-to-benefit/#respond Wed, 31 Mar 2021 01:15:07 +0000 https://victoryoffices.com.au/?p=25884 As people return to the office, these are the ASX shares set to benefit The return to the office is happening and it will be good news for some ASX stocks and REITs. It has been a very gradual process but the Property Council of Australia yesterday claimed it was in full swing. It estimates that in …

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As people return to the office, these are the ASX shares set to benefit

The return to the office is happening and it will be good news for some ASX stocks and REITs.

It has been a very gradual process but the Property Council of Australia yesterday claimed it was in full swing.

It estimates that in March, Melbourne’s offices returned to 35 per cent up from 13 per cent in December while Sydney is at 50 per cent, Brisbane at 63 per cent while Adelaide, Hobart and Perth are all over 70 per cent.

The council’s boss Ken Morrison declared while the shift was underway there as some way to go and it was key to Australia’s COVID-19 recovery.

“City centres need to be driving the next stage of economic recovery as government stimulus and support measures wind down,” he said.

“Millions of jobs and hundreds of billions of dollars in broader economic activity are reliant on a high level of activity within Australia’s CBDs.

“It is critical that policymakers and employers come on the journey with industry over the coming months to boost office occupancy levels.”

The return to the office is good news for ASX stocks and REITs that rely on commercial offices.

Return to the office beneficiaries on the ASX

One is serviced office provider Victory Offices (ASX:VOL) which listed at $2 per share in 2019 but is now just 25 cents.

The company has claimed for many months the impact would be temporary but was nonetheless heavily hit having to cut its casual workforce by 40 per cent and raise $15 million.

Fellow serviced office stock ServCorp (ASX:SRV) has also been hit, albeit to a lesser degree, and has also said it can be part of the new norm.

Last month when it released its financial results it said when the pandemic ends “flexible workspaces will be more important than ever”.

Two larger office providers are Dexus (ASX:DXS) and Mirvac (ASX:MGR) which both have market capitalisations above $9 billion.

The latter of these stocks noted in its recent financial results office demand was below pre-COVID highs and these may never return. But it claimed modern high-quality assets would outperform their peers going forward.

Then there are a a handful of Real Estate Investment Trusts (REITs) that have particularly high exposure to commercial offices.

The two with the most optimistic investors are Centuria Office REIT (ASX:COF) which has gained 21 per cent in the last 12 months and Elanor (ASX:ECF) which is up 11 per cent.

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Victory Offices Flexible Workspace Solutions https://victoryoffices.com.au/victory-offices-flexible-workspace-solutions/ https://victoryoffices.com.au/victory-offices-flexible-workspace-solutions/#respond Thu, 04 Mar 2021 01:00:42 +0000 https://victoryoffices.com.au/?p=22659 FLEXIBLE WORKSPACE SOLUTIONS Private Serviced Offices BEAUTIFUL SPACES IN BEAUTIFUL PLACES Melbourne EXPERIENCE LUXURY IN OUR VICTORY LOUNGES Network | Socialise | Unwind REQUEST A QUOTE BOOK A TOUR In 2020 the COVID-19 pandemic saw Australia move their employees from the office to their home. We juggled our professional and personal lives and embraced new …

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In 2020 the COVID-19 pandemic saw Australia move their employees from the office to their home. We juggled our professional and personal lives and embraced new technologies.

The way in which we work has changed forever and with that comes the opportunity to innovate and leave behind outdated ways of conducting business.

There are a myriad of benefits to flexible work spaces such as:

  • No cumbersome commercial leases to sign
  • The opportunity and flexibility to scale with no locked-in terms
  • A space that allows you to choose when and where you work
  • The ease of moving into a fully furnished office with all the amenities you could need
  • A premium space in a sought-after location with an inbuilt and fun networking culture

So, what flexible working situation works for you exactly? At Victory Offices we offer a number of options, all of which can be tailored to your exact needs. 

So, what flexible working situation works for you exactly?

Remember to subscribe to our channel Victory TV, and we’ll see you next time with more helpful videos.

Together we can EXCEED THE BENCHMARK.

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How To Prepare For A Successful Monday https://victoryoffices.com.au/how-to-prepare-for-a-successful-monday/ https://victoryoffices.com.au/how-to-prepare-for-a-successful-monday/#respond Thu, 18 Feb 2021 00:35:48 +0000 https://victoryoffices.com.au/?p=22517 How to prepare for a succesful monday Mondays have become synonymous with the blues. But with these easy to implement ideas you might find yourself looking forward to the beginning of the week. 1. The best monday morning starts on friday Instead of walking into the office on a Monday morning already overwhelmed by a …

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How to prepare for a succesful monday

Mondays have become synonymous with the blues. But with these
easy to implement ideas you might find yourself looking forward to the beginning of the week.

1. The best monday morning starts on friday

Instead of walking into the office on a Monday morning already overwhelmed by a fresh onslaught of emails that came in over the weekend as well as the piles of work waiting to be done, take some time out during your Friday to take a look at the week ahead and prioritize your to-do list. 

2. Use your weekend to meal prep

Not only will it save you money, but often times your week is busy and tight schedules mean we’re grabbing something on the run and I’m going to venture a guess that it’s not usually the healthiest option.

3. get up and get active

Need a sure-fire way to beat those Monday blues? Research has proven that exercising first thing in the morning has an incredible effect on your day including: 

  1. Increased energy levels
  2. A clearer mind
  3. A faster metabolism
  4. A constant flow of those fabulous happy making endorphins 

Do you have any of your own tips for slaying a Monday? Include them in the comments below, that’s where the most important conversations happen!

Remember to subscribe to our channel Victory TV, and we’ll see you next time with more helpful videos.

Together we can EXCEED THE BENCHMARK.

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Victory Offices Barangaroo | Top 10 Sydney Venues https://victoryoffices.com.au/victory-offices-barangaroo-top-10-sydney-venues/ https://victoryoffices.com.au/victory-offices-barangaroo-top-10-sydney-venues/#respond Mon, 15 Feb 2021 01:10:32 +0000 https://victoryoffices.com.au/?p=25874 HeadBox Top 10 Venues in Sydney It has been a busy start to the year for the team on the ground in Sydney. We have been sourcing all types of event spaces to host the best parties, conferences, workshops and private dining. Meeting some of the industries finest venue managers, catering teams, and event planners. …

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HeadBox Top 10 Venues in Sydney

It has been a busy start to the year for the team on the ground in Sydney. We have been sourcing all types of event spaces to host the best parties, conferences, workshops and private dining. Meeting some of the industries finest venue managers, catering teams, and event planners. HeadBox went live in Sydney on the 1st February – every venue we list on HeadBox has been vetted to meet our quality, creativity and service standards, however, we wanted to share our top 10 favourites with you so far:

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5 Things All Successful Entrepreneurs Should Have In Their Offices https://victoryoffices.com.au/5-things-all-successful-entrepreneurs-should-have-in-their-offices/ Sun, 29 Nov 2020 23:55:37 +0000 https://vcso.com.au/?p=5826 5 Things All Successful Entrepreneurs Should Have In Their Offices A smart and exceptionally designed office environment can easily influence your approach towards your work. Most people will say a messy environment is distracting and uninspiring, whereas a personalised and organised desk is more conducive for work.  You can choose how to surround yourself with items that can easily increase …

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5 Things All Successful Entrepreneurs Should Have In Their Offices

A smart and exceptionally designed office environment can easily influence your approach towards your work.

Most people will say a messy environment is distracting and uninspiring, whereas a personalised and organised desk is more conducive for work. 

You can choose how to surround yourself with items that can easily increase your focus and productivity, whether you work in a normal office, serviced office, or home office.

Here is a collection of items all emerging entrepreneurs should include in their office to help achieve their ambitions.

1. Prioritise Your Day Using A Checklist

It is incredibly easy to feel overwhelmed with the never-ending list of responsibilities our jobs demand from us. Keeping a schedule of daily responsibilities helps keep you in line with your duties while fighting the urge to procrastinate. 

Envisioning what is required from your day helps allocate the required time to meet your deadlines and marking off completed tasks also gives a sense of accomplishment, which can further propel you to keep completing tasks.

2. Visualise Your Ideas On A Whiteboard

A simple whiteboard is a very versatile productivity tool that easily encourages collaboration and creativity.

Having the ability to openly share thoughts and ideas via a whiteboard enables an increase in engagement, as information is presented in a visual format.

This different method of presenting information cannot only be applied in group meetings but can also serve as another format to display a scheduled timeline to keep everyone accountable.

3. Personalise Your Space With Items From Home

Personalise your office space by adding small mementos from home to serve as a reminder for your purpose for working.

Items such as a picture, your coffee mug, or even a vibrant plant are excellent examples of objects that help create a sense of familiarity within your work environment.

Introducing items on your desk creates a sense of ownership towards your desk, creating a comfortable environment for you to function at your best.

4. Escape With A Good Book

To keep your focus and productivity maintained throughout the day, experts have suggested that you should be taking regular breaks from your busy schedule. As a means of entertainment, we recommend surrounding yourself with books to take your mind away from your workload.

Photo: Reading Nook at Victory Offices 85 Castlereagh

Books serve as a measure to keep your mind stimulated so you can easily jump back into work when your break time is up. The late Steve Jobs famously populated his entire office with books as a source of inspiration and creativity.

5. The Trusted Pen And Notepad Will Never Go Out Of Fashion

You can never go wrong with a trusted pen and paper. Studies have proven that despite being in the age where we can easily type down notes on our mobile devices, physically writing our thoughts and ideas is a much more effective method. Never will you forget another important phone number or vital client detail when you have your dependable pen and notepad within reach.

While these everyday office items may seem obvious to have within an office space, collectively they provide a tremendous amount of value to any entrepreneur wanting to achieve the next level of success.

This holiday season, think about gifting any one of these office items to your entrepreneurial family member, friend, or colleague!

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Victory Offices included as one of the Top 15 Coworking Spaces in APAC https://victoryoffices.com.au/victory-offices-included-as-one-of-the-top-15-coworking-spaces-in-apac/ https://victoryoffices.com.au/victory-offices-included-as-one-of-the-top-15-coworking-spaces-in-apac/#respond Wed, 23 Sep 2020 22:01:09 +0000 https://victoryoffices.com.au/?p=16391 15 APAC Spaces on Global Pass As the first-ever truly global coworking membership, Coworker’s Global Pass offers seamless access to thousands of coworking spaces in over 540 cities and 108 countries (with more spaces being added every day). Hosted on the Coworker app, Global Pass offers the ultimate flexibility for users who want to book a day …

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15 APAC Spaces on Global Pass

As the first-ever truly global coworking membership, Coworker’s Global Pass offers seamless access to thousands of coworking spaces in over 540 cities and 108 countries (with more spaces being added every day).

Hosted on the Coworker app, Global Pass offers the ultimate flexibility for users who want to book a day of coworking. For just $50 USD per month, users can access five days of coworking at any space in the Global Pass network. Credits can be topped up at any time, allowing users to utilize coworking spaces near them as often as they need.

Already, thousands of coworking spaces around the world are registered as Global Pass host spaces, which means as soon as you subscribe, you can start exploring different spaces in your city. In particular, the Asia-Pacific (APAC) region has proven to be one of the most in-demand locations for coworking, especially since it is one of the only regions that has bounced back to pre-COVID-19 levels of usage.

APAC proves resilient amidst pandemic

According to CEO of Office Hub, Grant Philipp, APAC is on track to exceed 100% of it’s pre-COVID-19 enquiries for flexible office space this month as lockdowns ease and city centers start to reopen. In Asia in particular, Hong Kong has proven to be the most resilient country according to the broker’s recent dealings, followed by Thailand, Singapore, and Malaysia.

If you are looking for accessible workspace in APAC, you can utilize Global Pass to visit hundreds of spaces throughout the region by some of the world’s leading operators

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A “V” for Victory! Serviced Offices to Bounce Back Strongly from the COVID Crash https://victoryoffices.com.au/a-v-for-victory-serviced-offices-to-bounce-back-strongly-from-the-covid-crash/ https://victoryoffices.com.au/a-v-for-victory-serviced-offices-to-bounce-back-strongly-from-the-covid-crash/#respond Sun, 05 Jul 2020 22:13:05 +0000 https://victoryoffices.com.au/?p=14968 A “V” for Victory! Serviced Offices to Bounce Back Strongly from the COVID Crash. COVID-19 has claimed many casualties however office life will not be one of them. Rather, our relationship with the office is likely to evolve into one that places an increased value on flexibility, cost efficiency and the ‘network economy’. Consequently, a …

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A “V” for Victory! Serviced Offices to Bounce Back Strongly from the COVID Crash.

COVID-19 has claimed many casualties however office life will not be one of them. Rather, our relationship with the office is likely to evolve into one that places an increased value on flexibility, cost efficiency and the ‘network economy’. Consequently, a strong structural tail wind supports future revenue growth in ASX listed stocks such as Victory Offices (VOL.ASX) who provide a premium product in the market place and are backed by a strong management team capable of assisting businesses adjust and thrive in the ‘new normal’.

Why serviced offices? Why now?

Work place flexibility is not new and many businesses have been evolving their property foot print over the last five years. In a typical medium to large business training days, annual leave, working from home, external client appointments and conferences typically result in only 60% of the permanent work force at their desk at any one point in time. As such, the utilisation of larger floor plates is changing with a greater emphasis now on collaborative spaces and technology in bringing people together, both within and across teams, in order to achieve a set task.

Interestingly, recent research undertaken by Dexus1 shows that whilst 78% of their survey participants indicated that they liked working from home, 80% of the total indicated that they actually missed being in the office – a clear signal that people are actually looking for a mix of both worlds.

So what then is the attraction of serviced offices?

1. Flexibility.

Some companies may be seeking to build, or be in the early stages of building a presence in another state and wish to be able to scale up or down their premises quickly depending upon market conditions. Additionally, and perhaps more acutely in the current environment, some companies that have otherwise put their primary location into mothball may still need to bring essential workers together in an environment with enough space to enable social distancing but without the long-term lock in of a traditional lease.

2. Cost Efficiency.

Not all businesses will be able to commit to large scale leases in premium office complexes, however still value the location, proximity to clients and surrounding amenities (social and infrastructure) that are attractive to staff.

Such businesses could be start up companies looking to break into the corporate market, mid-tier professional services firms looking to reduce rental overheads without sacrificing location or status.

3. The ‘network economy’.

Serviced offices have long been a hot bed of innovation, particularly in the technology sector where synergies between different parts of the start up ecosystem have long been fostered, however the potential is far greater than this. Opportunities also exist for established companies to lease out ‘neutral turf’ for joint venture and partnership based projects, becoming closer to key clients and other stakeholders with the lottery ticket of a serendipitous interactions with a fluid and diverse range of office ‘co-workers’.

Why Victory Offices?

As a pure play on the serviced offices thematic with a premium product in the market place and a strong management team, Victory Offices find themselves in a very strong position.

This is not to say that the company has not had its challenges in recent times – the COVID-19 pandemic saw tenancies plummet from 80% down to 20% in a very short period of time, but with a share price sitting at less than 20% of its 12 month high ($2.55), an accelerated pipeline of opportunity from both new and established market segments, a national foot print with 24 different locations and a $15.3M balance sheet recapitalisation that should see the company through for at least the next 18 months (based on cash burn of ~$700K p/m) the stars are starting to align.

Importantly, not many stars need to align for this to all work out.

Victory Offices need about 45% of their office space to be tenanted in order to break even and management are estimating tenancy figures of around 80% by the end of FY21. With $15M in the bank post recapitalisation and a cash burn of somewhere around the $600K – $700K per month mark the company has a reasonable runway to get back above the break even point and potentially push above the $0.80 per share mark over the medium term (currently $0.35 p/s). Are there risks to this investment thesis? Absolutely. Extended and expanded lockdowns throughout the country, alongside the potential for systemic changes in the relationship between landlord and tenant could result in a few bumps along the way. However a lot of these risks have been factored into the price and management are solid, making this one to watch.

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Could Australia Be Left With Just Three Coworking Operators? https://victoryoffices.com.au/could-australia-be-left-with-just-three-coworking-operators/ https://victoryoffices.com.au/could-australia-be-left-with-just-three-coworking-operators/#respond Sun, 14 Jun 2020 23:37:22 +0000 https://victoryoffices.com.au/?p=14698 COULD AUSTRALIA BE LEFT WITH JUST THREE COWORKING OPERATORS? Dan Baxter, CEO of Victory Offices, believes that only coworking providers that have maintained cashflow over the past few months will survive, leaving Australia with just about four operators. These comments come just after the company secured $15.3 million in capital raising to go towards keeping …

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COULD AUSTRALIA BE LEFT WITH JUST THREE COWORKING OPERATORS?

Dan Baxter, CEO of Victory Offices, believes that only coworking providers that have maintained cashflow over the past few months will survive, leaving Australia with just about four operators.

These comments come just after the company secured $15.3 million in capital raising to go towards keeping operations continuing over the next year.

“The smaller ones will fall down because it is a capital-intense industry and if the occupancy rate goes down to a very low number they won’t be able to survive, the resilience is not there, which is why you will see the big players, like Regus (now IWG), Victory and Servcorp, there for the long term,” said Baxter.

A report from CBRE has indicated that while several operators will likely have to close their doors, the industry as a whole will stay strong. The struggles of the sector will likely be in the short-term, but large corporations seeking alternative work solutions will prop the industry up.

In the meantime, most coworking and serviced office providers have hit the brakes on expansion plans as they work to weather this storm, and some experts predict operators teaming up to continue scaling in the future.

“The operators that get through this period, they will have stress-tested the business and there will be a good market for them on the other side of it,” said Brad Krauskopf, CEO of Hub Australia. “I think you’ll certainly get a lot of consolidation where parties join together.”

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The Problem With Positive Thinking And What To Do Instead https://victoryoffices.com.au/the-problem-with-positive-thinking-and-what-to-do-instead/ https://victoryoffices.com.au/the-problem-with-positive-thinking-and-what-to-do-instead/#respond Thu, 11 Jun 2020 02:06:04 +0000 https://victoryoffices.com.au/?p=14636 The Problem With Positive Thinking And What To Do Instead How often have you had a bad day and been told to think positively? Often this piece of unwelcome advice only leads to more anxiety when these ‘positive thoughts’ aren’t deeply believed, confirmed, or backed up by your own experience. Why? Because positive thinking operates …

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The Problem With Positive Thinking And What To Do Instead

How often have you had a bad day and been told to think positively?

Often this piece of unwelcome advice only leads to more anxiety when these ‘positive thoughts’ aren’t deeply believed, confirmed, or backed up by your own experience.

Why? Because positive thinking operates at the surface level of conscious thinking and does nothing to contend with the subconscious mind where limiting beliefs actually live.

So what can we do instead?

1. SAY THIS:

We’ve been honored to host Chris Helder and personally live by his creed of Useful Belief in place of vague positivity.

Watch the video below for examples of what you can say instead:

2. Focus on progress not perfection

This simple mindset shift is proven to improve mood, encourage learning, and fosters independence and an entrepreneurial spirit.

Making and admitting to mistakes is a necessary part of learning, of growing, and of being human.

3. Take responsibility and be accountable for your actions

Instead of using the emotional band-aid of positive thinking look at the deeper root of your frustration and action steps to properly heal.

Think about it this way, if you’re responsible for your negative feelings, you also hold the solution to resolving them.

Do you have any other questions or thoughts about what you can do in place of positive thinking? Include them in the comments below, that’s where the most important conversations happen!

Remember to subscribe to our channel Victory TV, and we’ll see you next time with more helpful videos.

Together we can EXCEED THE BENCHMARK. 

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