Toronto Business Centre News, Resources & Blog2019-05-30T06:25:34-04:00

Toronto is becoming more and more expensive – and that’s why you need to use a shared office space

As the population of Toronto grows and the demand for housing grows, so does the demand for office space by expanding businesses. Economic growth is a great thing for the city and the small businesses that operate out of it. But with the increased demand for office space the leasing rates also go up. In fact, Toronto is becoming almost as expensive to do business in as Manhattan! Acording to RENX.ca (Rental Estate News Exchange): “In the absence of new supply, and with relocation options in existing buildings severely restricted for tenants of all sizes, rental rates continue to climb. Competition is also heated in the sublet market, where rental rates rival or even surpass what’s being offered directly by landlords.” Also in that same April, 2019 RENX.ca article Toronto office market: Landlords can ‘name their price’, “Downtown Toronto had a 1.9% vacancy rate, which was down 60 basis points [...]

By |June 3rd, 2019|Categories: Uncategorized|

Coworking versus Shared Office Space: Which is better for your small business?

Coworking has been all the rage for the past decade, but there’s a lot that small business owners don’t know about the differences between coworking and shared office space facilities (also called office business centres or executive suites). The main reason for this confusion is that some large corporate chains of business centres and executive suites have started to claim that what they’re offering are coworking spaces – without really knowing what the original coworking philosophy was all about. When you look coworking up on Wikipedia, you’ll find this explanation: “Coworking is a social gathering of a group of people who are still working independently, but who share values and who are interested in the synergy that can happen from working with people who value working in the same place alongside each other.” Notice that the key words are “social gathering” and “share values” – meaning that true coworking is [...]

By |May 27th, 2019|Categories: coworking office space, Shared Offices|

News Roundup for SME Businesses & Startups

Hiring Remotely? Here’s How to Change Your Hiring Strategy to Get the Best Candidates Drawing on a decade of experience of hiring remote employees, the author shares the process she and her team have refined to hire “best of the best”. She breaks down the process she uses into four strategies, discussing each in detail: post on job boards that attract remote job-seekers; set up prescreening questions that specifically assess the candidate’s ability to work remotely; interview candidates with a video meeting tool multiple times to really get to know them; and finally, if needed, take additional steps to ensure you truly get to know the candidate before offering them a full-time role. 5 Mistakes That Sabotage Your Company’s Bank Credit Score In this article, the author begins with defining what bank vs. business credit is, how they’re intertwined, and how bank credit works. She then discusses five common mistakes […]

By |April 12th, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

Facts About Trademarks You Might Not Have Known You’ve likely heard of trademarks, “words that distinguish one organization from the rest in its niche,” the author says, but you may not have known seven facts about them. Besides the fun fact that trademarks have their roots in the Roman empire, the other six have some bearing for entrepreneurs and businesses looking into establishing their own: you can trademark more than words, such as designs; you cannot trademark descriptive phrases; forming a business entity is not the same as acquiring a trademark; trademarks are distinct from copyrights and patents; your trademark application could be rejected; and finally, trademarks are national rights, which is important if you intend to take your business international. Netflix Avoids Rules Like the Plague. Here’s What It Does Instead In his new book “Great Leaders Have No Rules”, the author (Kevin Kruse) cites Netflix for its success […]

By |April 5th, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

What is Your SEO Location Strategy? A location strategy is usually associated with brick and mortar businesses. However, the author explains that depending on the business, the SEO location strategy could be far more important – especially if its lead generation or sales is dependent on the web. The most important part of a local SEO campaign is the NAP (Name, Address and Phone) that is listed on GoogleMyBusiness (GMB) and local directories. Here, he discusses why a consistent business centre virtual address and a VoIP account is the best SEO location strategy for search engine rankings, and for your professional image. 8 TED Talks That Will Change Your Life Changing your life is a tall order, but sometimes “all you need is a flash of insight that shifts your perspective or rewires your thinking,” the author notes. She then shares eight TED talks that Reddit users say changed their […]

By |March 29th, 2019|Categories: Weekly Business News Roundup|

What is Your SEO Location Strategy?

Generally when you think of a location strategy it is for a bricks and mortar business. The bricks and mortar location strategy is a plan to determine the best location for a business based on its needs and objectives. Depending on the business their SEO location strategy could be far more important than the physical location especially if lead generation or sales is dependent on the web. Local SEO and Location The most important component of any local SEO campaign is the NAP (Name, Address and Phone) that is listed on GoogleMyBusiness (GMB), local directories and elsewhere. Google search uses these citations to associate an entity with a website and business. There are many scenarios where a business might change its address to accommodate growth or a more professional appearance. Managing NAP’s with Citation Services Managing the elements of the NAP is not always easy. Consider that with every change […]

By |March 28th, 2019|Categories: Virtual Office|

News Roundup for SME Businesses & Startups

Overcoming the Pitfalls of a Virtual Office For entrepreneurs just starting their business, a virtual office may seem an expense they can forego until they move to an office space. However, as Telsec’s Terry Van Horne explains, “a virtual office takes coworking to a whole new level with the ability to have all work done by a remote workforce” that prefer their freelancing status and shun traditional offices. He also notes that a virtual office (and remote workforce) has its problems — availability of employees with no set hours of work, customer perception, lack of communication and collaboration, and security – but goes on to detail how to overcome each of them. Summarizing his discussion, he says that overcoming the disadvantages of a virtual office and/or remote workforce comes down to providing employees with the necessary software tools, office procedures, and management oversight. How to Increase Your Productivity With This […]

By |March 22nd, 2019|Categories: Weekly Business News Roundup|

Overcoming the Pitfalls of a Virtual Office

The virtual office has come a long ways since Telsec Business Centres’ was established in 1980. A business using a P.O. Box for its address was not really looked upon as a negative and several Fortune 500 companies used a P.O. Box for customer enquiries and transactions. The remote office and workforce has become widely accepted as major corporations begin to adopt coworking office space as their primary means of providing employees’ a workspace and support staff. Coworking leverages the flex time (employees choose their working hours) component and ability to do some work at home that millennials are favoring. This has saved these companies a lot of money in real estate and support staff costs. Why a Virtual Office? A virtual office takes coworking to a whole new level with the ability to have all work done by a remote workforce. Many digital marketing companies use a virtual office […]

By |March 18th, 2019|Categories: Virtual Office|

News Roundup for SME Businesses & Startups

How using slang improved my team’s productivity and creativity The CEO and co-founder of Lending Express discusses his belief that company culture “boils down to words”, as “the words and expressions that dominate an office impact not only company culture but also influences how creative (and productive) its employees can be.” He then shares his company’s defining words – slang – that “capture the essence of the entire startup nation’s ethos”: b’zitkur for getting to the point and chutzpah for some nerve. He then discusses integrating slang in a business, and advises leaders to think about which terms or slang they use “and share the lingo with your employees.” This CEO Has a Near 100 Percent Employee Retention Rate. Here’s the Fascinating Reason Why The world’s leading college admissions agency, CollegeWise, has succeeded in achieving an employee turnover rate of nearly 0 percent for the past four years. Citing research, […]

By |March 15th, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

How US Retailers Can Make The Most Of Doing Business In Canada Canada offers a fertile, lucrative market for U.S. companies. Unfortunately, there have been issues for U.S. retailers when shipping to Canada. Foremost among them are tax issues and resulting border holdups, which are often exacerbated by additional fees for their customers – or their business. In this article, author Terry Van Horne (of Toronto-based Telsec Business Centres) discusses how online retailers can easily circumvent these costly hassles through Canada’s Non-Resident Importer program. He further details why U.S. companies should look to Canada instead of larger markets, including the relative ease of entry and ranking their e-commerce website in Canadian search engines. The Types of Small Business Retirement Plans Whether you’re a solopreneur or have a good number of employees, there are a variety of small business retirement plans to suit your needs. Here, the author discusses the four […]

By |March 7th, 2019|Categories: Weekly Business News Roundup|

May 2019

April 2019

News Roundup for SME Businesses & Startups

April 12th, 2019|

Hiring Remotely? Here’s How to Change Your Hiring Strategy to Get the Best Candidates Drawing on a decade of experience of hiring remote employees, the author shares the process she and her team have refined to hire “best of the best”. She breaks down the process she uses into four strategies, discussing each in detail: post on job boards that attract remote job-seekers; set up prescreening questions that specifically assess the candidate’s ability to work remotely; interview candidates with a video meeting tool multiple times to really get to know them; and finally, if needed, take additional steps to ensure you truly get to know the candidate before offering them a full-time role. 5 Mistakes That Sabotage Your Company’s Bank Credit Score In this article, the author begins with defining what bank vs. business credit is, how they’re intertwined, and how bank credit works. She then discusses five common mistakes […]

News Roundup for SME Businesses & Startups

April 5th, 2019|

Facts About Trademarks You Might Not Have Known You’ve likely heard of trademarks, “words that distinguish one organization from the rest in its niche,” the author says, but you may not have known seven facts about them. Besides the fun fact that trademarks have their roots in the Roman empire, the other six have some bearing for entrepreneurs and businesses looking into establishing their own: you can trademark more than words, such as designs; you cannot trademark descriptive phrases; forming a business entity is not the same as acquiring a trademark; trademarks are distinct from copyrights and patents; your trademark application could be rejected; and finally, trademarks are national rights, which is important if you intend to take your business international. Netflix Avoids Rules Like the Plague. Here’s What It Does Instead In his new book “Great Leaders Have No Rules”, the author (Kevin Kruse) cites Netflix for its success […]

March 2019

News Roundup for SME Businesses & Startups

March 29th, 2019|

What is Your SEO Location Strategy? A location strategy is usually associated with brick and mortar businesses. However, the author explains that depending on the business, the SEO location strategy could be far more important – especially if its lead generation or sales is dependent on the web. The most important part of a local SEO campaign is the NAP (Name, Address and Phone) that is listed on GoogleMyBusiness (GMB) and local directories. Here, he discusses why a consistent business centre virtual address and a VoIP account is the best SEO location strategy for search engine rankings, and for your professional image. 8 TED Talks That Will Change Your Life Changing your life is a tall order, but sometimes “all you need is a flash of insight that shifts your perspective or rewires your thinking,” the author notes. She then shares eight TED talks that Reddit users say changed their […]

What is Your SEO Location Strategy?

March 28th, 2019|

Generally when you think of a location strategy it is for a bricks and mortar business. The bricks and mortar location strategy is a plan to determine the best location for a business based on its needs and objectives. Depending on the business their SEO location strategy could be far more important than the physical location especially if lead generation or sales is dependent on the web. Local SEO and Location The most important component of any local SEO campaign is the NAP (Name, Address and Phone) that is listed on GoogleMyBusiness (GMB), local directories and elsewhere. Google search uses these citations to associate an entity with a website and business. There are many scenarios where a business might change its address to accommodate growth or a more professional appearance. Managing NAP’s with Citation Services Managing the elements of the NAP is not always easy. Consider that with every change […]

News Roundup for SME Businesses & Startups

March 22nd, 2019|

Overcoming the Pitfalls of a Virtual Office For entrepreneurs just starting their business, a virtual office may seem an expense they can forego until they move to an office space. However, as Telsec’s Terry Van Horne explains, “a virtual office takes coworking to a whole new level with the ability to have all work done by a remote workforce” that prefer their freelancing status and shun traditional offices. He also notes that a virtual office (and remote workforce) has its problems — availability of employees with no set hours of work, customer perception, lack of communication and collaboration, and security – but goes on to detail how to overcome each of them. Summarizing his discussion, he says that overcoming the disadvantages of a virtual office and/or remote workforce comes down to providing employees with the necessary software tools, office procedures, and management oversight. How to Increase Your Productivity With This […]

Overcoming the Pitfalls of a Virtual Office

March 18th, 2019|

The virtual office has come a long ways since Telsec Business Centres’ was established in 1980. A business using a P.O. Box for its address was not really looked upon as a negative and several Fortune 500 companies used a P.O. Box for customer enquiries and transactions. The remote office and workforce has become widely accepted as major corporations begin to adopt coworking office space as their primary means of providing employees’ a workspace and support staff. Coworking leverages the flex time (employees choose their working hours) component and ability to do some work at home that millennials are favoring. This has saved these companies a lot of money in real estate and support staff costs. Why a Virtual Office? A virtual office takes coworking to a whole new level with the ability to have all work done by a remote workforce. Many digital marketing companies use a virtual office […]

News Roundup for SME Businesses & Startups

March 15th, 2019|

How using slang improved my team’s productivity and creativity The CEO and co-founder of Lending Express discusses his belief that company culture “boils down to words”, as “the words and expressions that dominate an office impact not only company culture but also influences how creative (and productive) its employees can be.” He then shares his company’s defining words – slang – that “capture the essence of the entire startup nation’s ethos”: b’zitkur for getting to the point and chutzpah for some nerve. He then discusses integrating slang in a business, and advises leaders to think about which terms or slang they use “and share the lingo with your employees.” This CEO Has a Near 100 Percent Employee Retention Rate. Here’s the Fascinating Reason Why The world’s leading college admissions agency, CollegeWise, has succeeded in achieving an employee turnover rate of nearly 0 percent for the past four years. Citing research, […]

Load More Posts
Contact Us
Send Email
close-link
You've been invited to our next networking event!

Join us on Thursday, June 27th from 4:30pm-6:30pm for catered food and beverages.

Location: 1 Yonge Street, Suite 1801

 
close-link

Take a complimentary tour.

Come visit us at 1 Yonge Street, Suite 1801!
Book A Tour
close-link