Toronto Business Centre News, Resources & Blog2020-11-18T12:49:17-05:00

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News Roundup for SME Businesses & Startups

By |January 11th, 2019|Categories: Weekly Business News Roundup|

20 Business Ideas You Can Start With Less Than $10,000 If you’re looking start your own business (or your next one), lack of funding can impede your progress. In this deck of 20 slides, the Entrepreneur staff discusses proven low-cost business ideas that have been launched successfully by entrepreneurs, either as a side or full-time hustle. New Research Reveals 6 Ways Leaders May Be Out of Touch With Their Employees New research from Gallup shows alarming statistics about employee satisfaction. Here the author discusses in six ways leaders may be out of touch with their employees: 78% of employees don’t believe their leaders have a clear direction for the organization; 74% don’t believe their organization delivers on promises to customers; 88% think their company mishandled their onboarding; 86% don’t think their performance review inspired them to improve; over two-thirds of employees are experiencing burnout; and lastly, half of all employees […]

News Roundup for SME Businesses & Startups

By |January 4th, 2019|Categories: Weekly Business News Roundup|

How Virtual Coworking Can Help You Strengthen Your Flexible Workspace Community You may be new to the term “virtual coworking”, but the concept behind it should be familiar: a workspace community that is geared toward enhancing collaboration and networking among its members. As the author explains, unlike physical coworking space, virtual coworking is not confined by limitations to the size of the community (or event) or to time, as it gives members 24/7 access to resources and the activities taking place in a private, online community. He points out that some (if not most) flexible workspace providers already offer an online coworking community, and discusses the many benefits of virtual coworking, from enabling better management of “bad members” to offering a more diverse membership with a lower cost barrier for entry. The 7 best tools for making 2019 your most productive year yet As the year comes to a close, […]

News Roundup for SME Businesses & Startups

By |December 14th, 2018|Categories: Weekly Business News Roundup|

50 World-Changing Startups to Watch Inc. has published a list of the 50 top emerging companies worldwide that “are tackling the world’s most pressing problems” as determined by Kairos, an early-stage investment fund based in New York that finances the most promising problem-solving startups. Its 2018 list of 50 winners were culled from some 2,500 early-stage startups from more than 65 countries worldwide. The 50 startups that made the cut are listed in alphabetical order, and range from a “stealth Los Angeles-based company focused on solving A.I. cybersecurity issues” to a Mexico-City-based venture that “wants to make early breast cancer detection as easy as putting on a bra”. 8 Surefire Ways to Grow Your Business in 2019 An elite group of 2,000 top U.S. entrepreneurs, executives, and investors converged at the exclusive 2018 EY (Ernst and Young) Strategic Growth Forum this year to share what it takes to launch, grow, […]

News Roundup for SME Businesses & Startups

By |December 6th, 2018|Categories: Weekly Business News Roundup|

7 Ways Startup Businesses Can Protect Their Data Even With a Budget The author prefaces this article with the disturbing statistic that “45% of small businesses were victimized by cyber attacks such as data breaches, hacks, and malware infections.” But for startups trying to grow on a tight budget, hiring a professional IT and employing data security solutions can be cost-prohibitive. Here the author discusses seven ways small businesses can protect their data, beginning with recognizing the very real risk of cyber attacks and their consequences, including legal problems, financial loss, and reputation damage. From preventing BYOD (bring your own device) explosion to encrypting sensitive data, these are measures budget-strapped startups can take to avoid being the victim of a cyber attack. Want to get more done? Add these 8 apps to your phone In its annual collection of productivity tips from some of the most productive people in business, […]

News Roundup for SME Businesses & Startups

By |November 29th, 2018|Categories: Weekly Business News Roundup|

Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets? No longer will flexible workspace be the exclusive domain of entrepreneurs and small business owners, as corporate businesses are seeing the benefits of flex space for their satellite and branch offices. As an alternative to traditional satellite and branch offices, flexible workspace is a tailor-made solution that may prove to be a disruptive, long-term trend in this segment of the office space market. Here the author discusses why there is far more driving the move to a flexible workspace by corporations than merely low-cost office space. Why small biz owners should hope for 4-star reviews over 5 on Yelp and Google As a small business owner, you would think a perfect five-star review rating from Google, Yelp, and other sites would convey its trustworthiness to potential customers. However, according to a study by SmallBusinessPrices.co.uk., people will trust a business […]

News Roundup for SME Businesses & Startups

By |November 23rd, 2018|Categories: Weekly Business News Roundup|

Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets? No longer will flexible workspace be the exclusive domain of entrepreneurs and small business owners, as corporate businesses are seeing the benefits of flex space for their satellite and branch offices. As an alternative to traditional satellite and branch offices, flexible workspace is a tailor-made solution that may prove to be a disruptive, long-term trend in this segment of the office space market. In this article, Telsec’s marketing and community manager discusses why there is far more driving the move to a flexible workspace by corporations than merely low-cost office space. Reduce Turnover of Hourly Workers With These 7 Tips As a business owner, you’re likely familiar with the cost of turnover for hourly employees, factoring in the investment in interviewing, screening, onboarding, and training. Add to that the lost productivity and engagement of dissatisfied employees: in a survey […]

Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets?

By |November 21st, 2018|Categories: coworking office space, Flexible Workspace, Shared Offices|

In our introductory post to Flex space solutions post “Flexible Workspace what is it and who benefits?” we explained flex space refers to office space provided outside the “conventional lease” markets. In Toronto, this includes coworking space, most business centres and shared office space providers. As corporate businesses learn more about how the flex space networking culture and entrepreneurial environment affects their employees and see the results, flexible workspace has the makings of becoming a long-term trend in this segment of the office space market. When you dig, you see there is far more driving the move to a flexible workspace by corporations than to a cheap office space. Why Flexible Workspace is Tailor Made for Satellite and Branch Offices To move employees from corporate headquarters to a satellite or branch office requires a lot of time and energy from managers and support workers to procure, furnish, decorate, and outfit an office space with […]

News Roundup for SME Businesses & Startups

By |November 16th, 2018|Categories: Weekly Business News Roundup|

These 4 myths about the skills gap will hold your company back According to PwC’s 21st CEO Survey, an astonishing 80% of executives are concerned about the availability of key skills, leading them to invest more in training and recruiting. In this article, the author cites the coauthor of The Expertise Economy: How The Smartest Companies Use Learning To Engage, Compete, and Succeed, David Blake, in discussing why the skills gap won’t be resolved by outdated training methods and hiring expectations. To source or create employees with the needed skills, Blake contends, leaders need to get past four common myths about learning: colleges will solve the skills gap; traditional school methods are best for company training; quick learners are smarter; and lastly, external factors motivate learning. How The Best Merchant Services Can Help You Avoid Chargebacks Chargebacks are among the most costly business expenses. And while there is no way […]

News Roundup for SME Businesses & Startups

By |November 9th, 2018|Categories: Weekly Business News Roundup|

5 Essential Steps to Prepare Your Company’s Finances for the Holidays With the holidays just around the corner, it’s time to square your business finances so you’re set up for success. Here the author discusses five tips to help you prepare your business finances for the holidays, from running key accounting reports and analyzing your sales to ensuring you have a strong cash flow and streamlining your invoicing process. 3 things modern managers can learn from decades’ old studies of human behavior And what is old is new again: studies from more than a half-century ago hold classic management lessons for business leaders. The author provides an in-depth discussion of three evergreen studies of human behavior, and what managers can learn from them: “conformity is powerful”; “diffusion of responsibility”; and “you don’t change people’s minds.” How to Keep a Good BBB Rating (and Why It Matters) As the Better Business […]

News Roundup for SME Businesses & Startups

By |November 2nd, 2018|Categories: Weekly Business News Roundup|

Startups: From the Basement to a Shared Office Space A hallmark of startup growth is when it moves from the business owner’s basement to an office. It was fledgling companies such as these, now called startups, that were among the first to explore shared office space as an alternative to relatively expensive traditional office space. Since, many others – freelancers, professionals, and even Fortune 500 companies — have also opted for shared office space and flexible workspace in its many forms. Here the author details the options for shared office space and flex space, including coworking and semi-private office space, as well as the option of business centers. He also discusses the pros and cons of each alternative office space. The Toronto Entrepreneurs Conference & Tradeshow Happens on December 5th Toronto Entrepreneurs will host its eighth conference and tradeshow on December 5th at the Metro Toronto Convention Centre. It will […]

News Roundup for SME Businesses & Startups

By |October 26th, 2018|Categories: Weekly Business News Roundup|

8 Money Intelligence Habits Used by the Most Successful CEOs “Having good control of your finances as a startup, and even as a seasoned businessperson, is what really translates into success,” the author begins. Going beyond acquiring the needed capital to finance your startup, here are eight keys to making smart money decisions from the most successful CEOs, ranging from limiting your budget for advertising to avoiding higher valuation. 7 Steps to Successful Financial Planning Without an Adviser Consulting with a financial adviser can carry a big price tag for small business owners. Financial planners often require a minimum amount of investable assets, and for many that requirement amounts to $250,000 or more. However, the author notes that there are less expensive (even free) resources that make financial planning accessible. With time being a powerful ally in building your financial portfolio, she says, it’s also imperative that you start as […]

News Roundup for SME Businesses & Startups

By |October 19th, 2018|Categories: Weekly Business News Roundup|

Shared Office Space Toronto If you do business in Toronto or oversee a remote team in the area, you may have considered renting shared office space to lower your operational costs. Here the several forms of shared office space are discussed, from coworking and semi-private office space to team and flexible workspace, including the pros and cons of each option. How To Prepare For a Future of Mobile Transactions Mobile payment tech for expedient transactions was slow to take off, but Near-Field Communication (NFC) like Apple Pay is well on its way for both online and brick-and-mortar businesses. Here the author details how to prepare for “a contactless future” of mobile payments, with the assurance that “setting your business up for smartphone transactions is easier than you might think.” How to Stop Delegating and Start Teaching Drawing on his experience guiding Ph.D. students through the arduous process of earning their […]

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