Blog

Archives

News Roundup for SME Businesses & Startups

If You Know When You’re Going to Lose, You’re Closer to Winning Than Everybody Else The author of this article, CEO of Steiner Sports, draws on his 30+ years in business to share the lessons he’s learned along the way – especially, these two: first, in order to succeed you have to build meaningful relationships with partners and potential partners and learn ways to bring value to them; and secondly, be prepared for the inevitable losses that come on the road to winning in your business. Winning, he states, really is all about growth, meaning long-term growth. He writes, “It’s true in sports, but also in business, that understanding what losing feels like can be somewhat therapeutic. Motivation is never lacking when you have a goal, fail to reach that goal and then have the opportunity to r...

News Roundup for SME Businesses & Startups

5 Benefits of a Serviced Office for Your Startup Among the challenges startups face is finding an affordable, flexible office space in a prime location. With a traditional commercial office rental, this translates into high overhead, infrastructure and operational costs. An alternative is a serviced office, which offers five explicit cost-saving benefits: Location: A well-located serviced office in a business center offers an office address in the local central business district and nearby amenities, as well as convenient access for both employees and clients. Flexibility: With no long-term fixed rental contracts, serviced offices allow for flexibility with pay-as-you-go usage and short-term leases, as well as options to up- or downsize your office space according to your business needs. N...

Alternative Office Space: A Better Way to Conduct Your Business

Why Home Offices Should Move to an Alternative Office Space It’s true: working from the comfort of your home may be an idyllic scenario for those who are self-employed, or for online entrepreneurs running a small business with only a handful of remote employees. Depending on where you live, a home office can also spare you the time, expense and hassle of a commute. However, it’s also true that working from home has its drawbacks — and many more than you might expect, if not already experienced. Here, we explore why you should move your office from your home to an alternative office space, such as a shared, traditional (private or semi-private), or coworking space — or at the very least, consider renting a virtual office. De-Romanticizing the Home Office: A Reality Check When di...

News Roundup for SME Businesses & Startups

ICOs: An Exciting New Way to Finance Your Business Idea Traditional means of financing business ideas now have a new competitor: Initial Coin Offerings (ICOs), based on cryptocurrency blockchain technology, have emerged as an innovative form of investment for startups. With banks cautious about extending credit to entrepreneurs due to the high percentage of startup failures (or the individual’s less than stellar personal credit history), and the potential for business ideas and plans to be stolen via crowdfunding publicity, the better options are to either bootstrap your startup (if at all possible) or obtain investment capital through ICOs. The author explains how ICOs work: “Young companies, presenting their white papers, raise capital. They do this by selling tokens, which investors can...

A Guide to the Venue Vetting Process for Booking Your Event

Booking a Venue: Event Planner, Venue Procurement Agency or DIY? Planning a seminar for your SME organization, or perhaps a business to business networking event? One of the first items on your checklist that you’ll need to consider is the venue. There are several ways you can go when choosing a venue: consult with a professional event planner, hire a venue procurement agency, or do it yourself (DIY). Here, we cover all three options so you can make an informed decision. DIY If you’re a hands-on person who likes to be in control of every detail, or you simply don’t have the budget for contracting an event planner or agency, then you’ll want to opt for making the venue arrangements yourself. The caveat with going the DIY route is that there’s more to booking a venue than you might think. It...

News Roundup for SME Businesses & Startups

A Guide to the Venue Vetting Process for Booking Your Event Planning a seminar for your SME organization, or a business to business networking event? One of the first things you’ll want to nail down is the venue. So how do you go about choosing the best venue for your event? There are several options: hiring a professional event planner, contracting a venue procurement agency, or doing it yourself. This guide to vetting the venue that is right for your event or seminar goes over all three options so you can make an informed decision. The Productivity Booster You Have in Your Pocket, But Probably Don’t Use As entrepreneurs and SME business owners, especially those of us who dwell mostly in the digital world, we’re a frazzled lot with all the emails, messages, notifications, alerts, feeds an...

News Roundup for SME Businesses & Startups

9 Science-backed Ways to Boost Your Productivity Here’s an incredible stat for you: studies show that on average, self-employed people only work 2 hours and 53 minutes out of an eight-hour workday. That translates into 37.5% of a 40-hour workweek and 1,300 work hours lost per year. Capturing some of that time by optimizing productivity, even if only by 10 – 20 percent, could in turn translate into a whole lot more accomplished. Here, the author describes nine science-backed hacks to boost your productivity, from working with “ultradian rhythms” to adhering to a stable schedule. Learn to Never Handle a Paper or Email Twice Do you suffer from inbox overload? It’s a natural tendency to filter through a stack or inbox, scan the important messages, and then return to them later to process them....

News Roundup for SME Businesses & Startups

How US Ecommerce Startups Can Easily Expand International Markets Having achieved success at scale, e-commerce startups can largely attribute their growth to their ability to find and target new international markets for their products or services once they reached the nether limits of their domestic audience. For many based in the U.S., it’d make smart business sense for them to look to Canada. Surprisingly, however, Canada often takes a backseat to Chinese and Asian markets despite its clear competitive advantages of proximity, culture, language, and low barriers to entry. Too often, Canada is overlooked due to poor border experiences by U.S. merchants and their lack of understanding about customs and GST/HST costs. The good news for U.S. startups is that these obstacles are not at all d...

News Roundup for SME Businesses & Startups

Changing Needs of Coworking Space in 2018 Coworking office space has evolved from simply shared space at a cost-savings for entrepreneurs and business owners. Now, adapting to the changing needs of individuals and SME businesses, coworking space not only provides a sense of community, but flexible workspaces. Flexible workspace is a hybrid of coworking space that offers practical amenities, such as serviced office space with administrative support. The design of coworking space has evolved as well, with options beyond the open concept office space that include more coworking areas for those needing some degree of privacy to conduct their own business without distraction, while still feeling part of a community. Your Industry Is Probably Ripe for Disruption. Here’s How to Take Advantage The...

Changing Needs of Coworking Space in 2018

Coworking space has evolved to mean much more than simply shared office space. While coworking office space is an accessible and affordable alternative to renting a traditional commercial office space, lower operational cost is no longer its strongest selling point. As noted in our previous article about the changing needs of coworking space in 2017, small business owners and entrepreneurs are now seeking a sense of community with other like-minded professionals. So what makes for a sense of “community”? For some small business owners, it may mean an environment that fosters professional networking, or alleviates the isolation of an individual or home office. For others, it may mean working alongside those sharing an industry or vocation, such as tech development or remote freelancing. For...