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Is a Virtual Company the Best Option for Your Business?

There are very few people who will tell you that they enjoy the morning commute to their office and the late afternoon or evening commute home, but what is the alternative? What about an office commute that’s as short as the walk from your bedroom to your home office? The idea of having a virtual office for a “solopreneur” is not a new one. For years entrepreneurs who wanted to work from home or on the road have used virtual office solutions to maintain a professional business address. Virtual office providers are not just a prestigious address and mail-drop location; they are, in fact, a professional image provider! When the professional live receptionist at your virtual office provider answers your phone number (as your company name), the person who is calling knows the...

Business Centres: Watch out for Hidden Costs!

The concept of service offices and business centres is great for small business owners who do not want the capital expense costs of opening an office in traditional raw office space. However, some serviced offices come with hidden costs that business owners do not expect. When renting an all-inclusive office space, make sure that you know in advance what is and what is not included before you sign the rental agreement. Unless you know all the facts, you may sign up for a serviced office space, believing it to be at a fixed price, only to find that there are hidden costs added. What are the hidden charges in a serviced office? Here are some essential questions to ask the business centre provider before signing up for a serviced office package. Are there set-up costs or charges? You need to ...

Seminar or Training Rooms Should Have a Venue Checklist

So you are conducting a seminar or training session. But from where are you doing it – and what will you need to make it a success? Before we go over the checklist that you need, let’s talk about the location. Yes, even for training sessions and seminars, the “location, location, location” rule applies! The location of your training session and the training room that you eventually use could influence the success of your event. Besides the prestige of the location of your training session, another important consideration is access to public transit nearby and the availability of parking for your intended audience. Those who do not drive want easy access to public transit; and those who will be driving want close and convenient parking. Any good training session requires r...

Why Open a Branch Office in Toronto, Canada?

In the digital age, the number of opportunities available to businesses is greater than ever because ubiquitous connectivity means the world is at your fingertips. So your customers can be almost anywhere! The only barrier to opportunities becoming realities is your ability to communicate and compete in new markets. Whether it be a large or small business or technology start-up, there comes a time when every business must expand its market in order to maintain growth and continue to gain market share. If you’re a local business delivering local services, you’re looking to grow into other cities or nationwide. But if your business is already reaching its full potential nationally, then businesses will generally look to expand internationally. Why international expansion should s...

How to gain new customers using seminars and training

Many small business owners attended seminars and training room sessions when they were first starting out, just to get some knowledge and a feel for what it was like to be their own boss. Even as their business continues to grow, smart business owners seek out training and business seminars for growth – especially free events. Attending these seminars builds trust between them and the trainer/seminar holder, so much so that they may consider doing business with them. Regardless of what type of product or service your business provides, you too can offer seminars and training sessions that can increase awareness of your potential customers. Doing your first seminar or training session will not be easy, unless you have experience with public speaking and are passionate about what you do. The...

Serviced offices might just be your best flexwork solution

Serviced offices can offer small businesses more flexibility than normal longer-lease (traditional office space) properties and enable you to expand or contract as your business needs change. Most businesses that rent serviced offices are looking for short-term lease agreements. Serviced office providers rent out serviced offices on a rolling basis, meaning that you will only have to pay at the end of each month for the facilities that you’ve used, that are outside of the agreed terms. Because serviced offices are furnished, you do not have to purchase desks, chairs and other office furniture. You also do not have to set up the communications systems or Internet. One of the biggest challenges for a small business just starting up, is the capital equipment cost of office necessities. Many s...

Suggestions on managing the virtual office revolution

In a previous blog Ways grow your Small Business quickly, we mentioned that one of the fastest ways to grow your business is by hiring virtual office staffers that you do not need to create office space for. To some companies this might be easy; but others have the fear of losing the ability to track employee progress. The trick to making it work is by having the right tools and constant communications with the remote team. Implementing a remote-workforce team allows you to source talent from any location, meaning you have access to the smartest, most capable workforce in your industry. This means that not everyone on your team needs to live within driving distance of your main office. In most cases, you will want a new hire to spend their first weeks at your office for training and meet t...

Ways to grow your small business quickly

Growing your small business is not as easy as you think – and it is not as easy as just throwing money back into it. Most often the way your business needs to grow is by adding team members to manage the operations and service your customers. Housing all your employees in one place is no longer necessary in business. These days the jobs done by your staff can be done remotely. A great deal of small business owners avoid the thought of managing a virtualized workforce out of fear of losing the ability to track employee workflow and progress. But with the right guidelines and tools, that doesn’t have to be a concern. As a small business owner, you just need to establish your company’s core values and have clear and frequent communications with staffers. It’s easy to streamline wo...

How to find the perfect office space

In some of our previous blogs like “Your Office Space Toronto Location is Key to Your Success” we talked about the importance of where you locate your office and the much-touted “location, location, location.” But there is much more to finding the perfect office space for your business – you have to find somewhere that is ideal for you and your employees too. You have to consider that your office space not only affects your day-to-day operations and your staff morale, but also your brand image. So besides location, what are the other things that you need to consider? Price is a very important factor to most businesses when choosing a new office, especially their first office. If they spend too little, they either end up with an office they are not happy with, or the...

How to do business in Canada: Choosing a business structure

In the post expanding your service based business into Canada, we discussed some considerations you should examine before you begin to move a service-based business into Canada. In this post, I will explain the different types of legal entities that can be used to do business “with Canada” and “in Canada.” The legal structures open to your business are many, so taking the time to choose the best one for your needs is an important part of the process for a successful expansion. One of the best references for information about doing business in or with Canada is found on the Canada Trade Commission site. You’ll find information on everything from Visa and immigration to investing in Canada. A U.S. or other foreign-based company has many options to choose from wh...

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