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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...

The Many Benefits of Virtual Offices

At Telsec, we not only offer office space, we also have a variety of virtual office solutions that can help to efficiently manage your business regardless of your physical location. But what are the actual benefits of virtual offices? Technology now allows people to work from anywhere, so much so that many companies realize that they do not need to be paying rent on office space that they do not utilize. When a small business needs a professional business address without needing physical office space, virtual offices are the best solution for that particular business. If you have a home-based business and want to engage a virtual office solution, a virtual office provider can give you a physical address without having to rent a physical office. And your home address will remain private. Bu...

How small business owners can benefit from dog parks!

  The idea for this blog came from one of our office-space tenants who has networked at dog parks for the past few years and has established some great business contact that way. This past week, he invited a number of those dog park contacts (most of which work downtown) into one of our large meeting rooms and treated them to lunch to talk about setting up a formal networking group. If you take some time out of your office space and spend a few hours observing “the off-leash,” you will learn a great deal about how dogs play and behave in a pack. But more importantly, you will learn about how their owners behave when they let their pets off the leash. You will notice that most owners come to the dog park, unleash their pet and immediately turn to their mobile phones or chat...

How a small business finds its training seminar opportunity

When you are launching a new product or a new business process or procedure, the most important thing is to train your staff and your distributors about the new product and how they can help the end-customer better understand it. You could go around and train one or two people at a time. But you could also arrange a large group training seminar. If you do not have the space, consider renting a training seminar room in offering professional atmosphere at an upscale office business centre. With in-house classroom training and development, a group of employees gathers in a room (on-site or off-site) and is led through the training program by an instructor. These sessions can be facilitated by trainers who are either employees themselves or outside specialists that are familiar with the new pr...

Small business and start-up time management tips

Everyone always say that “Time is Money” when it comes to your small business. But you need to know how to manage it so that your time is used wisely and productively. You cannot get time back that has been lost, so we compiled some tips that will help you to identify and rectify the way you spend your time. Audit your day by creating a time log. We are not suggesting that you log every minute and hour of every day. You just need to create a log that sets a benchmark for a how your time is used on a typical day. This may require you to log your time for a few days if your schedule is different over those particular days (eg. Monday is spend in the office, Tuesday is spent on the road, Wednesday is spent in the factory or warehouse, etc). Once you have established what your typi...

Building the ideal community for your business

It’s not that SEO is dead or that links are obsolete, but building an online community around your business is a great way to increase your online visibility to search engines. If you build a community around your business, you’re putting the focus where it belongs – on your business. If your business’ online plan is continually chasing the Google algorithm, you’re putting all of your power in what Google’s going to do next. Building an online community for your business is one of the best ways to weather Google’s algorithms. Besides, building a strong company and brand through building a community isn’t something that Google can take away or change. One of the Internet’s greatest strengths is its ability to bring together people with similar inter...

Small business and start-up growth tips

Start-ups and small and medium-sized business owners are always looking for new ways to make sure they stay ahead of their competitors – and growth is the way that most experts see as the best answer. They want to stay competitive with other small business, but they also want to stay competitive with larger global brands. Growth can come in many forms, but the top ones currently are: Expansion into new markets Building your online presence Automating the processes within your company Do not just attend networking events or training seminars – create your own Expansion into new markets. Canadian companies should look outside their borders for new markets, but not before tapping into good growth markets at home. Once those Canadian growth markets are exhausted, then they need to explore U.S....

Small business and start-up budgeting tips

When you have a great business idea and you are ready to create your business plan, the most important part of your plan is your financial strategy. That being said, most entrepreneurs do not know a lot about finances and budgets. One of the top reasons some small businesses fail is because their funds were not managed properly because of poor planning. Let us share some tips that can help you better plan and manage your business finances. One of the first mistakes made by many entrepreneurs is procrastinating when it comes to daily bookkeeping and putting them off for another day. The trick to ensuring that you do your bookkeeping is to make it simple for yourself – because trying get your mind around it will just make you procrastinate more. If you break down your bookkeeping into smalle...