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Tips for finding office space that works for your business

If you are reading this blog and think “oh, another self-promotion blog” you would be wrong! Yes, Telsec rents office space to entrepreneurs and small business, but our office solutions are not perfect for every business. Every small business has its own unique needs and requirements. They are not the same for one business as they are for another. The first step in finding office space that works for your business is to establish what your needs are, especially in terms of how you need to work to get your jobs done efficiently. Yes, you are reading this and perhaps saying “oh, that’s easy – I just need a place to put a desk and my computer on top of it.” Maybe you are thinking that any place will do. Well, you would be wrong! There are many factors you need to...

What are Your Business New Year’s Resolutions?

Happy New Year and welcome to 2016! Now what? Have you prepared a plan for the direction you want to take your small business this year? If not, why not? You make New Year’s Resolutions for yourself, so it’s time to make some for your business. Around our office, many of our office-space and virtual-office clients are making changes. We have some virtual office tenants that have been with us for years, who now want to rent office space with us primarily because it is the right time for their business. You say that you want to join a gym and get in shape as a New Year’s resolution, but is your business in good shape? Maybe it is time to bring in a personal trainer for your small business. We call them ‘consultants.’ The first step is to identify what part of yo...

Use Holiday Slow Time to get Some end-of-the-Year Work Done

During the holidays, many businesses experience a slow time between Christmas and the first few days of January. Some companies close during that time and others let some of their staff take vacation time. This helps to reduce payroll expenses during a slow period when not much work gets done. But there is work that should be done in preparation for the new year. Here are some things to consider getting done before the new year. Consider cleaning up your computer files before the new year. This will not only alleviate clutter on your computer, but it can also improve the performance of it as well. Look at the files that are on your computer and archive older files that are not in use. Portable USB hard drives can not only hold a great deal of files, but they can also keep files easy to acc...

Preparing your Virtual Office for the Holidays

More and more small businesses are running out of a virtual office, rather than physical office space. Companies large and small use virtual office situations so that employees can telecommute to work from where they live or even from a coffee shop. All mail and calls are routed through a central virtual office provider and forwarded to the appropriate person in the organization. But when it comes to the holidays, there may be something missing when it comes to only communicating online with management and coworkers. Christmas provides a great opportunity to build team morale and help alleviate one of the biggest issues for those of us working from home or a virtual workplace. People who go from a traditional workplace to a home based or virtual setting miss the feeling of being connected ...

Tips for Safe Office Holiday Parties and Hangover Cures

Tis the season to get into the holiday festivities. It is also a time when people gather for office parties. We wanted to share some tips of how to have a more safe office holiday party – but we also wanted to share some tips on hangover cures. One of the big reasons for office holiday parties is to bring everyone together at one central location at one time, because there is something special about celebrating with the whole team (especially if your team works in different offices or has different shifts). Everyone wants to enjoy a nice drink, good food and some camaraderie with their fellow employees. The key to a successful holiday office party is to have a safe party. It is not only for the safety of your employees, but for your business as well. You have to remember as the host of a p...

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...