Toronto Business Centre News, Resources & Blog2019-08-29T07:48:46-04:00

Articles

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|

News Roundup for SME Businesses & Startups

2018 was a great year for retail, 2019 is another story According to Deloitte’s 2019 Retail Outlook, after 2018’s retail performance that negated the prevailing notion of a “retail apocalypse”, 2019 looks to be a year of transition in a time of economic and geopolitical uncertainty. Among the key takeaways from Deloitte’s study cited by the author is that “legacy retailers must ensure that their brand position is clear, their data yields value and their loyalty programs are effective”. She then shares in-depth insights from Deloitte’s report, noting that e-commerce received little attention (specifically, Amazon), and including this direct quote: “Opportunity abounds for retailers and entrants to capture share in the upcoming year. 2019 will likely require retailers to differentiate themselves in their investment strategy; the upcoming one to two years are unlikely to be a tide that lifts all boats.” We’re terrible at predicting time, so do these things […]

By |March 1st, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

Here’s Why You Should Stick To Your Prices – Even If Your Customers Hate Them The author of this article makes the point that while it can be tough to know what to charge, “with the right research and break even analysis you can find a price that will help your business grow and your customers want to pay.” She then discusses three reasons “why you shouldn’t take all customer feedback into account when you’re setting your pricing”: you’ll sacrifice quality; breaking even will be a challenge; and lastly,  you won’t be able to grow the business. How Small Businesses Can Address Debt “No matter the size and stage of a company, the recipe for scaling stays similar: take on debt and balance it effectively,” the author says, continuing, “Of course, that last part is often easier said than done.” He then discusses fives ways small businesses can manage debt “to […]

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

News Roundup for SME Businesses & Startups

9 Tips for Starting a Business in a Crowded Digital Marketplace So how do you break into a crowded digital marketplace? The author of this article asked nine successful entrepreneurs that did just that. Their responses range from offering the highest quality product and being fully transparent with your customers to improving the customer experience and being local, wherever you are. 8 predictions for the state of women entrepreneurship this year Citing the statistic that over the past two decades, the number of women-owned businesses has grown 114% compared to the 44% national growth rate for all new companies, the author shares eight predictions from women leaders for 2019 entrepreneurism trends: More women will develop side hustles Startups focused on improving the lives of women will continue to grow Successful female entrepreneurs will work to close the VC gap More millennial women will want to be part of female-led organizations […]

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

News Roundup for SME Businesses & Startups

There are now 5 generations in the workforce – can they work together? For the first time ever, five generations coexist in the workplace, spanning from Gen-Zers to Boomers. While this presents an unprecedented opportunity to drive innovation, it also presents leaders with the challenge of uniting these disparate groups into cohesive, productive teams. Noting that each generation wants to be heard, the author (president of HP’s Americas region), contends “technology can help build a future of work that is beneficial for everyone, and by applying the right types of innovation, organizations can hear all employees and solve many of the issues that arise within a multigenerational workforce.” He then goes into detail on four ways this can be accomplished: building a capacity for collaboration and communication; creating workspaces that match the mission; easing fears with professional development; and lastly, leveraging automation to create time for collaboration. 8 Keys to […]

By |February 8th, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

6 No-Fail Office Design Ideas for a Comfortable and Productive Staff “If you were to take a look around your workspace, would you say that you’ve provided your staff with a comfortable environment that allows them to perform their best?” the author asks. If not, she continues, there are changes large and small you can make, from losing the cubicles in favor of an open design office space to installing ergonomic workstations. 10 Worthwhile Books Written by Self-Made Billionaires While it would be nice to pick the brains of self-made billionaires like Warren Buffet or Bill Gates, it is unlikely that any of us will have such an opportunity. Thankfully, ten of the most noteworthy entrepreneurs have written books that describe their lives and the lessons they have learned in building their fortunes. The books range from Richard Branson’s “Losing My Virginity” to  Michael Dell’s  Direct from Dell”. Why Remote […]

By |February 1st, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

How to Spend Way Less Time on Email Every Day According to a McKinsey analysis, the average professional spends 28% of the work day reading and answering emails. While most have adopted two extreme coping mechanisms to deal with the onslaught – namely, striving for “inbox zero” or completely giving up as their inbox continues to rack up messages unchecked – there is a common-sense middle ground of simply checking email less often. In this article, the author shares time management practices based on his company’s data-supported study, with five detailed takeaways on how we lose valuable time to email (and corresponding tips on how to recover it): over-checking email wastes 21 minutes per day; full inboxes waste 27 minutes per day; using folders to organize and find emails wastes 14 minutes per day; archiving emails into many folders using a mouse wastes 11 minutes per day; and lastly, reading […]

By |January 25th, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

Business Location Strategies for Startups and New SMEs “In a business environment where search engine visibility is often a key to success, having a business location strategy that maximizes local market exposure and search visibility should be a priority,” the author states. He then provides a few startup scenarios with tips on how to choose the right location and workspace depending on what stage your business may be, as well as local search optimization tips. Regardless of whether your startup is at the basement/garage stage or ready for a traditional or flexible workspace, your location plays a key role in the ranking of your website. The Startup’s Guide to Completely Dismissing Work-Related Stress In this article, the author begins with “To develop a business from the ground up is a lot of leg work and long hours — but it doesn’t have to be a stress-inducing process. If you get […]

By |January 18th, 2019|Categories: Weekly Business News Roundup|

News Roundup for SME Businesses & Startups

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 […]

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

March 2019

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, […]

News Roundup for SME Businesses & Startups

March 7th, 2019|

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 […]

News Roundup for SME Businesses & Startups

March 1st, 2019|

2018 was a great year for retail, 2019 is another story According to Deloitte’s 2019 Retail Outlook, after 2018’s retail performance that negated the prevailing notion of a “retail apocalypse”, 2019 looks to be a year of transition in a time of economic and geopolitical uncertainty. Among the key takeaways from Deloitte’s study cited by the author is that “legacy retailers must ensure that their brand position is clear, their data yields value and their loyalty programs are effective”. She then shares in-depth insights from Deloitte’s report, noting that e-commerce received little attention (specifically, Amazon), and including this direct quote: “Opportunity abounds for retailers and entrants to capture share in the upcoming year. 2019 will likely require retailers to differentiate themselves in their investment strategy; the upcoming one to two years are unlikely to be a tide that lifts all boats.” We’re terrible at predicting time, so do these things […]

February 2019

News Roundup for SME Businesses & Startups

February 22nd, 2019|

Here’s Why You Should Stick To Your Prices – Even If Your Customers Hate Them The author of this article makes the point that while it can be tough to know what to charge, “with the right research and break even analysis you can find a price that will help your business grow and your customers want to pay.” She then discusses three reasons “why you shouldn’t take all customer feedback into account when you’re setting your pricing”: you’ll sacrifice quality; breaking even will be a challenge; and lastly,  you won’t be able to grow the business. How Small Businesses Can Address Debt “No matter the size and stage of a company, the recipe for scaling stays similar: take on debt and balance it effectively,” the author says, continuing, “Of course, that last part is often easier said than done.” He then discusses fives ways small businesses can manage debt “to […]

News Roundup for SME Businesses & Startups

February 15th, 2019|

9 Tips for Starting a Business in a Crowded Digital Marketplace So how do you break into a crowded digital marketplace? The author of this article asked nine successful entrepreneurs that did just that. Their responses range from offering the highest quality product and being fully transparent with your customers to improving the customer experience and being local, wherever you are. 8 predictions for the state of women entrepreneurship this year Citing the statistic that over the past two decades, the number of women-owned businesses has grown 114% compared to the 44% national growth rate for all new companies, the author shares eight predictions from women leaders for 2019 entrepreneurism trends: More women will develop side hustles Startups focused on improving the lives of women will continue to grow Successful female entrepreneurs will work to close the VC gap More millennial women will want to be part of female-led organizations […]

News Roundup for SME Businesses & Startups

February 8th, 2019|

There are now 5 generations in the workforce – can they work together? For the first time ever, five generations coexist in the workplace, spanning from Gen-Zers to Boomers. While this presents an unprecedented opportunity to drive innovation, it also presents leaders with the challenge of uniting these disparate groups into cohesive, productive teams. Noting that each generation wants to be heard, the author (president of HP’s Americas region), contends “technology can help build a future of work that is beneficial for everyone, and by applying the right types of innovation, organizations can hear all employees and solve many of the issues that arise within a multigenerational workforce.” He then goes into detail on four ways this can be accomplished: building a capacity for collaboration and communication; creating workspaces that match the mission; easing fears with professional development; and lastly, leveraging automation to create time for collaboration. 8 Keys to […]

News Roundup for SME Businesses & Startups

February 1st, 2019|

6 No-Fail Office Design Ideas for a Comfortable and Productive Staff “If you were to take a look around your workspace, would you say that you’ve provided your staff with a comfortable environment that allows them to perform their best?” the author asks. If not, she continues, there are changes large and small you can make, from losing the cubicles in favor of an open design office space to installing ergonomic workstations. 10 Worthwhile Books Written by Self-Made Billionaires While it would be nice to pick the brains of self-made billionaires like Warren Buffet or Bill Gates, it is unlikely that any of us will have such an opportunity. Thankfully, ten of the most noteworthy entrepreneurs have written books that describe their lives and the lessons they have learned in building their fortunes. The books range from Richard Branson’s “Losing My Virginity” to  Michael Dell’s  Direct from Dell”. Why Remote […]

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