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The Holiday Spirit is Alive and Well at 1 Yonge Street

Just last week in the reception area and reception boardroom, Telsec treated its office-space tenants to some holiday cheer and some amazing catered hors’douvres by Daniel et Daniel. It was great for tenants to have a chance to gather and be around other office tenants. Some took the time to talk to familiar faces they had seen or talked to in the hall, while some of the newer tenants got a chance to meet some of the other office tenants who have been around for a while and do some networking. On December 16th at the Toronto Star Building, all of the building tenants and Toronto Star staff were treated to a holiday breakfast in the main-floor lobby of the building. It was not a simple breakfast. They had a various selection of food, breakfast deserts and different beverages. Some of ...

Top 10 tips for Starting a Business That Will Succeed

A lot of people want to be their own boss and look to become an entrepreneur. But not every business idea will succeed. There are many reasons why a small business can fail, but we wanted to share some top tips that will help your small business succeed. While many of these tips are quite common and make sense, many entrepreneurs don’t follow these kinds of tips and wonder why their start-up did not take off. No business is successful in one day. Actually, almost no businesses are successful even after one year. 1) Is the product or service you want to offer, something that people want and is there a market for it? Too often, people jump into a business built around a product or service they think will be successful, rather than one that is already proven to have a market. It is impo...

Where did you hold your last seminar or training session and how much did it cost you?

When you are planning a seminar or training event at an outside venue, you have to remember where you held your last seminar or training session and how much it cost. Then you need to look at the value that the venue brought you, and if you might have found a more economical or more professional space. Remember that facility costs range from almost nothing (if you use a public space such as a library), to rather expensive (if you use a hotel meeting space). The cost of the venue could affect the cost to your reputation in terms of professionalism while pricing your event out of the marketplace. So you need to look at your audience to see what they are expecting. The cost of hosting a training session or a seminar can be optics (more than the cost of the venue). Depending on your audience (...

Why Your SMB Should Consider an Alternative Office Space Before Getting Locked Into a Lease

It is no big secret that money is a major concern for many start-ups and small businesses. Office space can be a drain on resources for any business, large or small. Office space can put a lot of strain on the principals, since most landlords of commercial real estate will demand 3-year to 5-year lease terms and personal guarantees when trying to rent or lease an office to a small business or company with a short history and a short track record. This is not a decision new companies who are looking to grow can afford to make without looking at all the office-space solutions available. Generally speaking, any business that has office space will find that its office space is one of the highest fixed costs that they have each month. As a small business trying to get started, they need to be t...

Virtual Office or Brick-and-Mortar Office: Which is Better for Your Small Business?

There comes a time when every small business needs to move out of a home office, or at least have a professional business address. When that time comes for your small business, you need to decide if you want a virtual office or a brick-and-mortar office. In order to make this decision, you need to understand the value of both options and see what works best for your business. One of the first steps in deciding between a virtual office or brick-and-mortar office is to establish your needs and your budget. Do you want to spend $30/month for just a business address, $75/month for an address and phone service, $225/month for a shared office, $350/month semi-private office, $495/month for a private office or $900/month for an upscale window office? The next step is considering options if you ne...

Boardrooms Matter– and so do Boardroom Manners!

The self-proclaimed ‘Miss Manners’ in many people’s minds is Emily Post. However, the majority of boardroom etiquette is really about being a courteous and showing respect. So what does it mean to be respectful in the boardrooms? The first rule for good boardroom manners is that punctuality is very important. When you are late for a meeting, it sends the message that you are not respectful of the person who is hosting the meeting, or of the participants, whom you have likely interrupted. When you attend a meeting, your full attention is also required. Yes your cellphone is important, but consider the rudeness of you looking down at your phone during a meeting in a boardroom. Do you really need to look at your inbox every 90 seconds? Even if there is a lull, or the meeting...

Team Space: Who can Benefit From it and Why!

Alternative office-space solutions are the fastest growing trends in the office space industry today. This growth is fueled by changes in: 1. Employees’ expectations of their workspace and workplace 2. The millennial effect within the workforce 3. Technology, which has made remote officing, flexible hours and telecommuting much easier to maintain workflows and information exchange Depending on the industry, there is often an expectation of the workplace and workspace. In the past, an office or workspace was a symbol of status, achievement and position within the organization. The new generation of workers have different expectations of their workspace, partially because they are more accustomed to using technology – and to a lesser degree their education has changed their attitudes t...

The Hidden Costs of Owning Your Office Space

Many small business owners have often considered buying a commercial space instead of handing over rent to a landlord. The problem is that the idea may sound wonderful, but what about the hidden costs of owning your office space? Yes, there are some positives to owning your office space, such as giving your small business stability and adding a sense of certainty. As the owner, you know that you will not encounter an unpredictable rent hike or be forced out at the end of a lease. With the proper planning, you will know in advance how much your monthly costs will be, long in advance. As the owner of your office space, you alone decide what type of office culture and set-up your business will have. For example, you get to choose an open concept, cubicles or even where the walls for individua...

How to Create a Successful Seminar

Unless you are conducting seminars on a regular basis, chances are you might not be as prepared as you think. For many people, giving their first seminar is probably the hardest, because presenting might be a scary thing. The interesting thing about fear of public speaking, is that it is something even seasoned presenters still have. In my capacity as a marketer, I have had to make a lot of presentations which are like seminars on a smaller scale. First tip on giving a great seminar is that there is no one correct way of giving one, so do not get hung up with trying to do your seminar the way that you have seen others do theirs. When preparing for your seminar, it is important to remember that there are lots of different styles that suit various presenters’ personalities. What works ...

Are you Really Engaging on Social Media and Your Blog

Many entrepreneurs believe that posting about their products or services is a social media engagement, but they are mistaken. To engage an audience is to hold their attention. It does not require a reaction from them, though certainly that spells a greater level of engagement. Just because you have a Facebook page, a LinkedIn business page, or a google+ page, does not mean you are engaging on social media. Social media engagement is not a passive experience. Engagement is not waiting for clients to reach out to you and visit your page. You have to proactively engage with anyone who mentions your brand or product. Entrepreneurs and small business owners need to create valuable content for their social community and present it in a way that works for that particular social network or communi...

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