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Camden Coworking Space In A City Reborn

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camden coworking space
Things are changing in the city of Camden, New Jersey. At the waterfront, there are businesses blossoming, including Campbell’s Soup Company, the 76er’s practice facility, and Subaru of America moving in very soon. It’s no surprise that this city once riddled with crime and drugs is going through a revolution, with startups and entrepreneurs looking their way. Growth in business with potential tax breaks are attracting more and more businesses into Camden, especially to one particular building. What use to be an old bank on 121 Market Street has been transformed into a co-working space, Waterfront Lab. This historical building has the entire interior converted into a modern facility, perfect for incoming startups and small businesses.
camden coworking space

Vault in Waterfront Lab

The building itself is one of the only surviving structures of the turn of the century Camden. Relief art has been worked into the stone along with the name of the bank inscribed at the top in huge letters. Walking in, you will be greeted with a completely redesigned interior, mixing the old with the new. One of the most noted focal points of the building is the vault. Encased in a glass conference room, the vault door serves as decor that is guaranteed to capture the attention of present and future clients. Stepping into the kitchen, you can see the amount of detail they put into reconstructing it to serve the tenants as well as for hosting upcoming public events. The kitchen itself raised the budget by $30,000, and rightfully so. With new appliances, cabinets, and wood and metallic accents, it is a perfect spot for socializing and sharing ideas.
camden coworking space

Construction of the kitchen in Waterfront Lab

Walking up the wide set of stairs, you’ll find a large open space, soon to be filled with desks and computers. Offices line the walls with a beautiful view of the Benjamin Franklin Bridge and the city. At this point, you may realize that there may be very few lights on, yet the building is brightly lit with natural sunlight from the large windows. These are the little perks that millennial business professionals look forward to, and Waterfront Lab has been doing their research to provide the best space to serve them. Created for tenants open to innovation and a collaborative work space, Waterfront Lab has already received several interested startups and businesses, including Waterfront Media, Linked Noodle, HopeWorks n’ Camden, Channel Logistics, and StockButter. This is just a taste of the tech scene growth in the City Of Camden. Those who want to ride the wave with these startups will undoubtedly have Waterfront Lab as one of their main points of contact when looking for a space to station their office.Membership packages include high speed internet, use of the conference room, and best of all, free or discounted admission to member-related events held in the space. Opening March 1st, members are anticipating moving into Waterfront Lab. A space like this is bound to improve the City of Camden, bringing startups and businesses to join in on the start of something very special. 
camden coworking space

Pictured: Jatin Bains of Channel Logistics and Katrina Naidas of Linked Noodle

 
camden coworking space

Pictured: Khai Tran of Waterfront Ventures, Samir Mody of Keller Engineers, and Camden County Freeholder Bill Moen

 

Update January 31, 2017

The construction is now complete and businesses are moving in. Walking through the doors, you can hear the clicking of keyboards and feel the energy flowing through the office. We took some exclusive photos of what this Camden co-working space is transforming into.
camden kitchen

Waterfront Lab kitchen area

 
camden coworking space

Waterfront Lab first floor view

 
conference room

Waterfront Lab conference room

 
camden coworking space

Waterfront Lab second floor co-working space

 
camden office

Waterfront Lab reception area

Jie writes about influencers and startups in various industries. She is a designer turned techie, and when she is not writing, you can find her in her workshop working on her next big project.

Business

Business Insurance And Why You Need It

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Business insurance is a requirement that you should not ignore even if you are in a low-risk workplace. For certain business sectors such as healthcare industries, mechanical workshops or amusement parks, getting a liability insurance is essential. Finding the best insurance can be a challenging and complicated process, but it is better to get an insurance coverage. Disasters happen, and you need an authorized protection to save you from severe economic loss.

Why is business insurance necessary?

If you start a business and employ some people, you need to have business insurance. It is a legal requirement. The insurance coverage varies from one country to another. Almost all countries have made it compulsory for the companies to get a liability insurance. You may think that your business is small and has less risk. You can also think that you can afford the losses your companies might face. The business experts always advise getting a proper insurance for every kind of business. There can be natural disasters like floods or earthquakes. Fire accidents and thefts are not the only risks. Your business can incur massive losses due to disruption of work. There can be cash crunch, skilled labor crisis, road work, police barricades and criminal acts too. You should consider all the aspects before buying an insurance coverage for your company.

General Liability Insurance

Almost all trades have some liabilities. So, a general liability insurance is essential. Before you hire some employees for your business, get a liability insurance first. Your company becomes the ‘employer.’ It becomes a legal need if you wish to make your business a limited company. If any of your staff falls ill or faces any fatal accident during working hours, your company becomes liable. You need to discuss with your insurance broker about the amount of liability insurance cover your business needs. If there is any death because of their work in your company, you need to arrange appropriate compensation. So, you should avoid any expense trimming while buying insurance for the company.

Professional Liability Insurance

It is also known as errors & omissions (E&O) insurance. This is not a one-size-fits-all insurance. Each industry has different concerns while running the business. So, you need customized coverage for your business. The professional liability insurance protects the business from the claims that the company was negligent in performing their services accurately. When you buy the E&O insurance, make sure you appoint an attorney for your company who can defend the lawsuits filed against the company.

Property Insurance

Property Insurance is a must when you run a business. Be it your own building or leased property, you need coverage. This insurance covers your business inventory, equipment, signage, and furniture from any losses due to fire, storm or burglary. Home based businesses still do not get much coverage from property insurance. You need to ask your insurer for extra coverage.

Product insurance

Apart from the above-mentioned insurance policies, you should get an additional product insurance to cover your manufacturing business. It covers any loss due to manufacturing, distributing and retailing hitches.Buying insurance for your business is complex. You need a trustworthy insurer. Every business needs a unique package based on the requirements of the company. You should always review your insurance policies and keep them in active status.
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Business

How Millennials Are Changing The Workplace

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Millennial
Millennials are reshaping the traditional corporate structure. With new CEOs entering the workforce, more companies have been adapting new tactics for managing, motivating, and improving. Millennial entrepreneurs have set the new standards to doing business, focusing on collaboration and efficiency. Soon by 2025, millennials will accommodate 75% of the workforce. This will replace the baby boomers, who have been recorded as the largest generation in the workforce. This instant switch leaves other generations questioning their management. These are 4 ways millennials are changing the workplace:

Emphasizing Technology

Millennials are the generation born after year 1982 and before 2004. This was essentially the era of technology beginnings. To be raised in the ever changing state of development, this generation foresees big things for the digital future. This need for rapid growth has created various platforms for creators, entrepreneurs, and more. Millennials have a profound belief that technology is the future, and so we should precisely use it to our advantage. Networking has been perfected with Linkedin, while Youtube is colonized by content creators, and Slack has better connected employees.

Open To Change

Millennials were born to alternate between innovation and tradition. To be raised in the era of constant development, generation Y has cultivated the skill to be open to change. Arguably, change is intended for growth, so that is how Millennials greet it. The digital age has disrupted traditional systems for the better, a concept that was impossible in the past. Due to the inconsistency they’ve experienced growing up, millennials have subdue their harsh conditions by advocating innovation. Although innovation is a new idea, generation Y strictly believes this is an optimal lifestyle.This generation does not believe in a constant, that everything has potential. Camden embodies that figure of high potential. Organizations are racing into the city of Camden, for it is the next startup hub for Millennial entrepreneurs. With the economy’s rapid growth and welcoming nature, businesses are rushing in to secure their space. Just outside of Philadelphia, the city of Camden possess hope, just what entrepreneurs need.

Work With Purpose

Millennials differ from baby boomers in one drastic motive. The new generation seek a sense of control and innovation that past generations seem to lack. Millennials deeply value purpose, to even go the extra mile in changing jobs for content. Perhaps it’s due to their entitlement, but Millennials are stubborn to the belief of following your inclination. 60% of employees confess that it is critical to allow them the capacity to do what they do best. Many Millennials will settle in the lower paying job, as long as it allows them the ability to express their talents.As observed in the city of Camden, non-profit organizations scatter throughout in order to rebuild the city of hope. Devoted organizations and passionate millennial entrepreneurs in the city are growing and giving back to the community.

Work Flexibility

The typical 9-5 business hour job is declining as Millennials continue to enter the workforce. The Census Bureau estimated that 13.4 million Americans work from home. The data will only increase when more Millennials start to work. This new career outlook stems from the disfavored opinion against office confinement. In the strong devotion for both work and freedom, Millennials compromised with the issue by creating careers from the comfort of their own home. Freelance work has been the popular option for Millennials, since it allows independency.   
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Business

How To Be More Productive During A Slow Week

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There's always something that needs to be done when you’re very busy with work. But what happens when a project is finished and you get a few days before it all starts again? A slowdown in work is normal but it can be boring especially if you’re used to being in the thick of the action at work. During this time you're probably looking for some things to do just to remain productive. Here are some great ideas to consider if you want to remain productive during a slow week.

Lend A Hand

Other departments or co-workers could be struggling to meet deadlines. Lend a hand to show that you are a team player. Ask if there is anything you can do to help (with your boss' approval). Aside from staying productive, you could learn something new or get a glimpse of how co-workers or other departments work or function and how it affects your side of the job.

Succession Planning

Have you thought about what happens to your work or teammates should you go up in smoke tomorrow? You should consider this seriously and think about succession planning. You basically take your job description and break it down so that each task is outlined per month. If this document does not exist, create it. It will make your job easier should you leave your job and your boss will thank you for it.If you have one, update it. It is important to keep your succession plan alive.

Call To Follow-up

When you're busy, you don’t have a lot of time to spend talking to people on the phone. Now that you have a slow week, it’s time to pick up the phone to catch up with clients, suppliers and stakeholders. Start with small talk because this will gradually become a lengthy discussion when you ask for their thoughts on how things are going. You can also bounce ideas around in order to gain their trust and foster the spirit of teamwork.

Give Yourself An Annual Review

Reflect on your performance this past year and think of ways you can do your job better. Aside from this, you can ask yourself if you're happy with your career or which direction you want to take it. Thinking about these things can help yourself grow as a person and employee. Bring up these insights during your next evaluation. Supervisors like employees who see the big picture.

Check In With Your Boss

Now that you have time to catch your breath, check in with your boss verbally or through email to update achievements and discuss the next steps. Employees sometimes forget to pass on good news to their superiors or to update on the future direction of projects. Catching your breath during a slow week is a good way to get managers up to speed. Aside from this, checking in with your boss reinforces your capabilities for bigger things in the future.Slow days at work are rare, which is why doing these kinds of things are important. Focusing on your interests and staying proactive can help advance your career, improve professional knowledge and keep you on top of things.
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