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Why Move from the Burbs to Downtown Toronto Office Space?

Many companies are choosing to move their offices downtown and away from the suburbs. Lets discuss why this is happening and what are the advantages of the downtown location for customers, colleagues and employees. In the past several years, a handful of North America’s largest corporations like Microsoft, Google, Yahoo and even McDonalds have joined the exodus from their suburban headquarters and campuses to new office space that is located downtown, and millennials seem to be the driving force. Yes, many companies chose to accept the usually higher cost of downtown space opposed to what they are paying in the suburbs, because they help attract younger workers. These workers want the chance to walk to nearby amenities and areas with a sense of place, rather than a generic business p...

Team space: The flexible hours office-space solution

The office space buzz these days is for entrepreneurs and small business owners to look at coworking. But this is not the best solution for companies with more than 5 or 10 employees. The solution for some small businesses is to create their own private coworking office – called team space or open-office environments. This concept is not unique to small businesses. Even large companies like Google, Microsoft and Yahoo have embraced the concept of open-office team spaces. Business owners and senior managers want to feel connected to their companies’ day-to-day operations – and they find open layouts and team space helpful to that end. It doesn’t hurt that open layouts also maximize square footage efficiency. But the criticisms of open-concept team space claim a lack of efficiency when it co...

Changing needs of coworking space in 2017

Do you know coworking? Coworking as you may know it is changing. The fact is, it might have already changed! The reason is that more an more people are looking at shared office space as an alternative to other commercial office options. This means that coworking spaces are getting bigger with more people using them. The other reason that coworking is growing is that more small business owners are seeing the cost savings of shared office space. They are seeing the benefits of the community involvement opportunities that come with the entire concept of coworking. The concept of coworking is entering a highly competitive phase, as more and more new spaces are opening up. But the fact that shared office space is being offered at lower rates than other office options is no longer enough to lure...

Does your start-up really need a private office space? Here are some questions to ask yourself.

The first few months (or even years) of a start-up are often executed from the owner’s garage, basement or kitchen table. But as the business grows, it’s time to move. However, where you go is just as important. Your location can affect your company’s productivity, creativity and community – not to mention budget. Insiders agree that choosing the right environment depends on the work that’s being done and the people who are doing it. Some entrepreneurs are taking the plunge, either buying or leasing commercial office space to give their start-ups credibility and authenticity. Is opening up in your own office space a smart move early on for a new business? If you’re considering leasing traditional private office space, you should curb your enthusiasm long enough to ask yourself these ...

Seven tips for starting a successful small business or start-up

The biggest fear of starting a small business is failure, but there are things you can do to limit your chances of failure and increase your potential for success. While most of the advice here is not new, we are going to remind you of them and try to put a new angle on them so they make more sense. Have passion for your work. Having passion for your work does not mean that it is your only calling, but you need to be excited about it to the point where others see your passion. Starting a small business is not easy, and if it seems too easy, you might be doing something wrong. It is important that you enjoy what you are doing, because it will take a lot of work and personal energy to ensure that your small business venture has a chance of being successful. There are questions that you need ...

The best group training and meeting layouts

When you are planning a training session or meeting, the layout of the training/seminar room can be just as important as its location. The layout of the room can set the tone and change the desired outcome of your meeting or training session. You just need to choose what that direction and outcome is going to be. Have you ever been in a meeting in a room that was in a different configuration from one you are accustomed to? Was that meeting or training session more or less effective than what you expected? That format was most likely planned to achieve the best results of what the meeting organizers were trying to accomplish. Let us help you to understand the reasons for different training or meeting room layouts – so when you rent one from a business centre like Telsec, you will get what y...

Adjusting to a business centre from a home office

That time has come that your business has outgrown your home office and you need real office space (even if it is shared or only part-time) that has a professional business address. Your best choice is a downtown office business centre that has several options. When we talk about office space options at a business centre, three primary ones come to mind: Private offices, semi-private offices and shared office space/coworking offices. For the purposes of this article, we will be talking about adjusting to shared office space/coworking offices – since that will probably be your best option when you first move out of your home office. Shared office space is also your best option in terms of flexibility regarding when you can utilize the space. Why? You pay only a small monthly fee for unlimit...

Seven tips for successful small-business and start-up owners

What you know today about your business may not be what you will know tomorrow. So, learning from experienced business owners will help you to learn from their experiences. After years of running a small business, owners inevitably gather many lessons about how to grow and run a business more effectively. Here are some tips that will save you taking years of learning and help you today. Be specific with your goals. Most entrepreneurs and small business owners have goals, but usually they are generic and not very specific. If you want to increase sales, set a number that you want to reach. If you want to increase employee productivity, tell them how many units you expect them to sell in a specific amount of time. The key to setting and achieving specific goals is to break your goals into mu...

Five common mistakes business beginners make

So you decided to take the plunge and start your own business. I bet you are really excited and cannot wait to get it off the ground. You will need all the excitement and enthusiasm you can gather, because you are going to encounter a lot of challenges. Some of the challenges will not be that hard to work your way around. But you want to make sure that the challenges you encounter are not made more difficult because of your your own actions. The mistakes you make could cost you a lot of money and even cause your business to fail. Here are some mistakes that are common for a new business owner: 1. Do not open a new business expecting it to be profitable overnight. Outside of a few fluke businesses that hit the business lottery and become a media darling on day one, do not expect to see prof...

Clues that you need a new office space

As a small business owner, it can sometimes be difficult to recognize the signs that your business is in need of a new office space. Not being able to recognize the signs can often be attributed to fear. Yes, the fear of change! It can be that you fear how the change will effect your workers and even possibly your customers. Regardless of the reason, not moving into newer or better office space could have negative consequences for your business. So what are the clues that you might need new office space? Here are a few that you should think about when it comes to your small business. Your current office space does not reflect or complement the brand you are building. It can be difficult to project a modern or progressive brand when your offices are located on the second floor of a suburban...