Blog

Archives

Canadian businesses are having a 30% off sale – well, almost!

It is no secret that American businesses start to look north when the Canadian dollar is lower and the American economy is picking up. This is because they see Canada as a place they can save and grow at the same time. Basically a lower dollar is both good and bad, depending on your place in the economy. The hospitality and tourist sectors, exporters and particularly Canadian manufacturers (which have been steadily losing market share in the world marketplace), are among the major winners. So too are the people employed in these industries. Experts argue that a 70¢ or 80¢ dollar is probably closer to fair value, and therefore a good thing for Corporate Canada and the broader economy. Canada’s tourism industry traditionally gets a big boost when the dollar is appealing to those south ...

Things that anyone who works from home knows all too well

If you have experience working from home, there are things that you know all too well – and the crazy hours we keep is only the beginning. Yes, our home offices are just minutes or seconds away, but that morning “commute” can often get interrupted by a family member calling, or the dog wanting to go for his walk. Not every home office is the same and not everyone has the same experiences, but as someone who works from home, most can all agree on experiencing one or more of these things. Sometimes working from home instead of a traditional office space can put a strain on family relations, especially if you have children. When your kids see that mommy or daddy is home, they assume that it is playtime or that they can ask for help or anything else. If boundaries are not establish...

Tax tips for Canadian Small Businesses and Entrepreneurs

Telsec Business Centres is not an accounting firm, but we do have a number of accountants that rents office space within our business centre. Some of the tips we want to share come from those office clients, while others are tips that they told us to share with our tenants and other readers of this blog. While not all Canadian businesses have the same year end, many small business owners and entrepreneurs file their business taxes at the same time as their personal taxes. This is because many of those small businesses are not corporations and are sole proprietary owners. Yes, most tax issues are the same for corporations and sole proprietor small businesses. There are tax tips that small businesses need to know that are either specific to small businesses, or that amy take a team of accoun...

Coworking Office Space Versus Business Centre Office Space

When searching for a place to do business, the buzz term of coworking is sometimes confused with shared office space and office business centres, but they are not the same thing. The flexible workspace sector is home to all manners of different types of workspace. It is important that you find the best option for your small business. It is important to know and understand the subtle differences between a coworking space and a shared office, or a serviced office. Let’s first start with explaining what coworking is. Coworking spaces market themselves as proving grounds for the future of work. They are often where software developers and start-up founders can network over coffee and fresh-baked cookies. Essentially, they are destinations for freelancers and entrepreneurs who want an off...

Small Business Budget Tips

So, you own a small business. That means it’s likely that you’re operating on a relatively limited budget. When you do make money, more likely than not you are paying back loans or interest on loans that you needed to get you business started in the first place. Is that a solid budget plan for your business? If you really want your small business to succeed and grow, you need to have a practical, workable budget plan. You need to realize that without a thorough budget plan, it can be difficult to track and manage your finances. This is especially true for any unexpected business expenses that may occur. These are the biggest worries when they happen and are not planned. Many entrepreneurs leave a secure job to run their own business. When entrepreneurs do this, they move from e...

Are you paying too much for your unused boardroom?

From time to time we have small business people come to us to rent a boardroom even though they have their own office space. This is often the result of the owner having to make a decision about his or her space because of growth in the business. A small business that has thought ahead and devoted space for a meeting room or boardroom may see two or more new work spaces in that space, rather than a boardroom that gets used only a few times a month. They come to Telsec Business Centres looking to rent a boardroom that is often better equipped and more comfortable than the space that is now the workspace for their two new employees. It is not always necessary for a company to have a boardroom or meeting space. The cost of paying rent on a room that sits empty all the time or becomes an unuse...

Doing Your Small Business Homework

You have got your small business going, but are you still doing your homework to keep up on what you need to do to keep your business afloat and thriving? Yes, things may be good today, but what is coming up in your industry tomorrow? In a blog some time ago, we told our followers to watch other small-business blogs, but today we are telling you to also follow websites that are small-business-friendly to know what is trending and what you should do to prepare. Whether it’s about how to use social media, getting through the early days of a start-up, or about marketing your business, getting advice can help your small business succeed. For example, Smallbiztrends.com is a site that you need to monitor. The articles and research that come out of this site may not talk directly into your indus...

Creative ideas for Home Offices

Telecommuting and operating out of a virtual office has become more and more popular with businesses today – especially for small businesses who cannot afford the monthly cost of a long-term lease in a traditional office environment. Finding creative ideas for home offices is important not only for function, but for style. For those who work for a business or even own a small business, finding that space or extra room for a home office is not always easy. Having to find or take up space that is already designated for another function requires getting creative on how the home office blends with the rest of the room or space. It might seem easy to find a nook to put a desk, but upon second consideration it might not fill your home office needs. You have to think of the other things you need ...

Cost Comparison of Different Office Solutions

Which office-space option is best for you and your small business? When setting up a new office space, one has several options to choose from – ranging from moving into a rented office, taking space in a Business Centre, sharing space with another company, or taking up a virtual office space option. Yes, the are quite a few office space options for any given business, and each one comes with several choices, their own unique costs, advantages and disadvantages. So how does one decide what is best suited for the needs of his or her small business? It is important to factor in the total cost as well as look at the total lifetime cost of the office space option that you are selecting. But it is more important to select an office-space option without hidden costs. Far too often, a businesses w...

How to Create a Productive Office Space

There is always room in every office to boost productivity – but finding the right balance and setting is not always that easy. You want your staff to focus on their tasks, but they also need to collaborate to bring better ideas and results to the projects at hand. This is the challenge of trying to create a productive office space. It is often thought that to have focus in an office means having a quiet space, but quiet offices are not always the best environments for collaboration. Collaboration requires a very different environment than one meant for solitude. Collaborative office space is where employees can brainstorm, bounce ideas off one another, and make phone calls without worrying about disturbing those around them. In trying to create a productive office space, a balance must be...