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Serviced office and business centre FAQ’s

Because our blog is more about offering advice to small business and less about the services that we offer, we often get people asking us questions about serviced offices and office business centres. So we decided to create this blog to answer some of the questions that people ask us on social media. To start, we should answer the most asked question: “What is a serviced office business centre”? A serviced office is a situation where office space is rented and there is nothing you need to bring. The office is furnished with modern office furniture and fully wired for phones and internet. All you need to bring is your files and computer. There is even a connection to a network printer and you have a live receptionist who answers your calls. The biggest question that is constantl...

Tips for business growth: Reading, planning and wasting money!

Did you know that reading, planning and wasting money are three things that you may not have thought of when trying to grow your small business? When is the last time you picked up a book on business or even a biography of a successful business person? I am not talking about sitting down and reading a book cover-to-cover, but reading key chapters that could influence you on ways to improve your business. This could be a book that is new to you, or one that you want to re-visit and learn more from, or simply to get another perspective that you did not get the first time you read it. While my preference is reading a printed book over reading an e-book, the options of available online e-books can sometimes be more convenient. Purchasing a physical book or an e-book can be great, but also cons...

How to discover your profitable small business idea

As an office business centre, Telsec not only rents office space, but we also have virtual office solutions for people who work from home or on the road. Most of our virtual office clients have their mail forwarded to where they are working, but some still prefer to come into the office to pick up their mail. This blog writer has had a chance to meet some of these virtual office clients and learn how they chose the business they went into, then turned those methods into this blog. Before we get into some of the ways that these clients came up with the ideas for their business, let me tell you why I chose to ask this group of customers. The people who use Telsec’s virtual office solutions are more often entrepreneurs who are sole proprietors who work from home – and are often the sole...

Ten questions to ask before choosing office space for your start-up

As your start-up business begins to take off, working from a home office may no longer be an option, and you require professional office space. You know that you need enough space for you and your current employees, but you might need a little more for a few additional staffers that may be full-time or part-time. 1. Location, location, location? Just where is the office space you are considering located? Is it a convenient location that your staff and customers can easily get to? (see our blog on office location) You need to know if it is close to mass transit and accessible by local buses and if there are bicycle routes nearby. Why the bicycle routes? Statistics show that more and more people in major centres are commuting by bicycle – and cities like Toronto are putting a lot of money in...

Stop worrying about millennials and get ready for Gen Z

Millennials (aka Generation Y) are those born between 1982 and 1993 are proving to be a very entrepreneurial generation. But the next generation may be even more ambitious than them! Enter Gen Z (those born between 1994 and 2010) or what is called “The internet generation” – who are by far the most tech-savvy, connected and self-educated group. Unlike Millennials who love the gig economy, research is showing Gen Z want steady paycheques. What also makes Gen Z different? They claim to be both more accepting and more rebellious. Rebellion was pretty much absent for Millennials in their youth, as they seemed to have had a very shiny outlook on things. Gen Z is upset about the system that they’re inheriting – so it seems rebellion is back. The first members of Gen Z will be graduat...

Tips for making your small business more successful in 2017

Could 2016 have gone better for you? Now is the time to make 2017 more successful. While you may have already heard about some of the tips below, and may have already implemented some of them, what is the harm in revisiting them or trying a new approach? Review your business plan Not to be repetitive of some of our previous blogs, but one of the keys to the success of your business is in the planning. You most likely made a business plan before starting your business, and so far it has served you well. Remember that a business plan is vital for the success of a start-up business. Some of the reasons include testing the viability of the business idea as well as securing debt or equity financing. But it also helps to establish the market of the business and how to reach that market. So take ...

How will gift card sales affect your business in January?

Traditionally, January is gift card redemption month – and that is not just for retail businesses. These days, almost every consumer product or service-oriented business can sell gift cards for subsequent redemption. In fact, one of our office space tenants received a gift card for getting new marketing materials printed. If you’re like many small-business owners, you may spend considerable effort on selling gift cards, but not a lot of time thinking about redemption. You may have had a great December in terms of sales and gift-card sales, but the important thing you have to take into consideration is being prepared for the cost of redemption in January. It could mean high fulfillment costs during a month of much slower sales and revenues. It could also have some impact on your books, so y...

What are your small business plans for 2017?

This is not the time of year that people are focused on their small business. They are instead focused on family and being together with the ones they love. But this can also be an important time for you to reflect on your business and make plans to improve or make key changes in the upcoming year. Think of business planning as the seeds that will help the next crop of business ideas bloom and take shape to move your business forward. You need to put a plan in place and give it the continued attention that is needed. You need to make certain that your business is going to continue to grow stronger and better. Remember, not planning is making a plan to fail. Also remember that not every idea that you plan for your business will be a winning one. But the mere act of coming up with a plan may...

Our holiday may not be your holiday – but we’re always open!

Our office space and virtual office clients do not always celebrate the same holidays as we do. But rest assured that our office space is always open to them 24/7. Yes, our reception staff and administrative staff are celebrating Christmas (Boxing Bay) and Chanukah (Hanukkah) with their families, but our office tenants still have access to their offices whenever they want. Any day of the year, our office space tenants have access to their offices where they can get work done at their own pace. The holiday  season is often a great time to do some catching up, clean their offices or just come in and relax after a few hectic days of shopping for the Boxing Day (actually more like Boxing Week) bargains. Our staff returns to work on Tuesday, December 27. However, many of our tenants have taken ...

If you want to a have true impact as an entrepreneur, there are things you need to master.

Truly radical and influencing entrepreneurs like Bill Gates and Elon Musk not only built empires, but they made their mark on the world around them. They created solutions that people not only needed, but openly embraced. So how can you make your mark as an entrepreneur? The first thing that you as an entrepreneur need to do is to establish your purpose and goals. Maybe you are not about to create a non-government space agency or create software that will simplify virtually everything for people, but you have an idea that will make a task or a problem a thing of the past for your customers. This could even mean that you are just taking an existing problem-solving product or service and improving upon it. If so, this just might be your legacy and your own path to success as an entrepreneur....

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