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Shared Office Space Toronto

Shared office space in Toronto can come in several forms with a variety of payment terms, overhead and types of office space being shared. The list includes: Coworking office space Traditional office space where 2 or more businesses share the office expense Semi-private Office in a Business Centre where 2 businesses share an office Team office space is a larger office shared by several employees of a single business Flexible workspaces The Pros and Cons of Coworking Shared office Space Coworking office space is like a business centre that charges a monthly membership fee rather than a monthly rental fee. More networking opportunities are perceived to be one of the advantage, however, at telsec we have seen that there is also a sense of community and collaboration in our business centre. Th...

News Roundup for SME Businesses & Startups

How Entrepreneurs Can Translate STEM Training Into Entrepreneurial Success Using the example of Jeffrey Immelt, who has achieved much as an entrepreneur and has credited his problem-solving skills to his applied mathematics B.A. background (rather than to his M.B.A.), the author discusses three ways you can translate STEM training into entrepreneurial success: putting math skills to practical use by applying a data-driven approach to operations and financial planning; applying science for innovation; and using computer skills to automate your business. How to Create a Great Investor Pitch for Startups Seeking Financing This guide for startups offers explicit advice and links to resources for those seeking funds for their new business. The author, a managing director and global head of M&am...

News Roundup for SME Businesses & Startups

What Google Teaches Its Leaders “Much attention has been paid to Google’s idiosyncratic (and now widely copied) hiring practices,” the author says, continuing, “But it was the company’s success at reliably turning the supremely talented people it found into elite managers that enabled it to maintain and extend its dominance over two decades — an eon in internet time.” In this article, the author relates what he learned about why Google proved to be “such a fertile training for leaders, particularly in its early years” by speaking to several of “the Google diaspora about what they learned under Larry Page, Sergey Brin, and Eric Schmidt, and how the company’s unique culture and practices helped make them who they are.” This is why you can’t get anything done at the end of the wor...

News Roundup for SME Businesses & Startups

How to Simplify The Project Planning Process While project planning can be an extremely complex process, there are ways to simplify it and make it to a streamlined function of your business. Here are five suggested ways: use project management software that “balances the user-friendliness of the whiteboard approach with the details and collaborative approach of cloud software”; select a “taskmaster” who keeps track of the master plan across team functions; “assign names, dates, and consequences” for tasks, and showing the different teams the entire project beyond their immediate parts; prioritize projects and focus on which ones should be handled first, taking care not to give your team more than they can handle; and “have a post-mortem” after every project. The 1 Strategy That Separates F...

News Roundup for SME Businesses & Startups

How to solve complex problems (by not focusing on them) While simple decisions are best made with straightforward logic, complex decisions require “more creativity in meshing together a web of interconnected ideas,” the author states. He continues, “These decisions can be impossible to work through with logic and reason alone. That’s why you need to tap into the proven power of our subconscious mind.” So how do you tap into that power? The author argues that by intentionally letting the mind wander and scattering our attention, you may experience “the Zeigarnik effect”: those eureka moments when your brain suddenly finds the solution to the problem you’ve been stuck on. He goes on to elaborate on how you can purposefully invoke the Zeigarnik effect to discover insights and find solutions t...

News Roundup for SME Businesses & Startups

No Apple Presenter Speaks for Longer Than 10 Minutes, and the Reason Is Backed by Neuroscience If you do any public speaking or group presentations as part of your business, then you’ll likely appreciate this post. According to neuroscientists, the brain is easily bored – in fact, “our brains have a built-in stopwatch that ends around 10 minutes.” Most people tune out of a presentation in the first 10 minutes, unless a change is introduced to re-engage them. Such a change can be a video, for instance, or in the case of Apple’s annual events to showcase its newest products, new voices. The author describes how Apple has mastered this in its presentations, citing its most recent (September 12th) event, where the audience watched three videos and heard four distinct voices within the first 30...

News Roundup for SME Businesses & Startups

4 Benefits That Explain Why Large Companies Are Increasingly Turning to Coworking The concept of coworking space as a sparse, open space design workplace for tech-startup millennials is no longer viable. The co-authors of this article point out how professional coworking space has evolved to provide “chic environments with amenities” such as private offices, high-tech security and furnishings, honor bars and cafes, social and networking events, and more. Coworking space has also evolved in providing significant advantages to larger companies, specifically these four: they can recruit from diverse geographic locations; they can leverage the option of open space to fuel collaboration and boost creativity among different teams; they can easily expand into a new market with temporary headquart...

News Roundup for SME Businesses & Startups

Clever Capital: 5 Ways Small Business Owners Can Save Money Periods of financial instability are often unavoidable for small business owners, especially those who are just launching their business. Here are five tips to help you save money, a few of which are directed specifically to startups: Be Smart with Workspaces: Renting a serviced or virtual office rather than leasing an expensive commercial office can significantly reduce your overhead costs. Check Out Government Initiatives: There are many government initiatives available that are worth your while to explore before launching your business. Utilize Virtual Staff: Rather than hiring an in-house administrative assistant or other support staff, look into virtual staffing options that can save you considerable operational and HR costs....

How & Why Big Business Will Drive Coworking Office Space Growth

Coworking & Flexible Workspace: Will It Be the Death of Traditional Offices? Since coworking and flexible workspace became a trend a few years ago, office space design has been the subject of much speculation and discussion. Business sites like Inc., Entrepreneur, Harvard Business Review and Forbes have featured numerous articles about the latest and greatest coworking/flexible office space designs, and of course, we at Telsec Business Centres have discussed alternative office space options for several years now, as providing office space in its many variations is both our specialty and service. Here we continue the conversation about coworking and flexible workspace from the perspective that not only does it make good business sense for entrepreneurs, startups and SME businesses, but ...

News Roundup for SME Businesses & Startups

Mark Cuban Says This Is the 1 Mistake New Entrepreneurs Always Make Mark Cuban of Shark Tank fame says that the “biggest mistake entrepreneurs make when they’re first starting out is they think they have to raise money, and that raising money is an accomplishment.” He continues, “Raising money isn’t an accomplishment, it’s an obligation.” He contends that “the best equity is sweat equity,” and “the more you can do without raising money, the further you’ll go and the more of your company you’ll own.” His advice is to focus on sales: “Sales cures all. There’s never been a company that succeeded without sales. It’s not about raising money, it’s not about the idea. It’s about finding customers that you can really create value for and making them happy.” The author of the article states that ve...