Different Words can Describe the Same Thing When it Comes to Offices

When you look up the term executive suites on Wikipedia, you are told that "An executive suite in its most general definition is a collection of offices or rooms—or suite—used by top managers of a business—or executives.

Once Again Telsec has Disaster Recovery for Small Businesses

Last summer when in the wake of the torrential downpour and subsequent flooding of various neighborhoods around Toronto, Telsec Business Centres received a great deal of calls from small businesses looking for temporary office space.

Technology and Innovation can Level the Playing Field for Small Business

As we have mentioned in previous blogs, for many small businesses who are trying compete against big competitors every day, technology can be a vital tool that can help them level the playing field while competing for customers dollars. With just a few pieces of technology, some apps, some accounts with social media, credit card processing and some cloud storage, a small business can be ready to take on the big boys for less than what it cost the big guys to compete. Here are just some examples of some of the solutions that are available to small business. If your business is one that works in the field or on the road, consider taking credit card or debit transactions on your smartphone or Internet-enabled device by using mobile POS (Point of Sale) solutions that will save you money on ful...

Technology and Innovation are Good for Small Businesses: HD Action Cams

When most people think of HD Action Cams, they think of those high-adrenaline videos they find on social media and video sites, but they do not consider the small business benefits or uses for this technology. We thought we would share some of the uses that we have heard about – ones not involving jumping out of a perfectly good airplane, diving off a cliff, riding down a hill at breakneck speeds or having to wear Scuba gear. Consider that your small business creates custom orders for clients and they want to see the progress of the job. You can easily use one of these cameras to shoot production floor activities and quickly upload it and send it to your customer using your smart phone. This is something you cannot do with most traditional camcorders, as you must have access to a PC to sha...

Technology and Innovation are Good for Small Business: Video Conferencing

While small businesses that are innovative are providers of technology are always good, this article is about how small businesses can benefit from the technology and innovations that are currently in the marketplace.

Why pay $395 for a Co-Working Office When you can Have a Semi-Private for the Same Price or Less?

Co-working has become a big trending word and new businesses are flocking to these locations because they believe this is the new way to do business. Unfortunately, they are not doing themselves a favour and they are looking bad doing it. Here are some reasons why the co-working trend is not good for a small business or start-up company. Having a business address is important; but having a business address with a P.O. box number or at a retail location makes customers question you legitimacy. Remember, in this day and age customers will Google your location – and if they see it is a storefront that looks like a over-priced coffee shop, will they take you seriously? When your customers look up 1 Yonge Street, they see a professional business building that tells them you indeed professional....

Ignore the Trending Business Ideas When Starting up

If you have ever done a Google search for what is "trending in small business ideas" or top work from home businesses", chances are there are thousands of others looking for those same trends

Incorporating Your Small Business

There are many pros and cons of incorporating a small business, depending a lot on individual situations. For some small businesses, the question may not be if, but when they should incorporate

Vertical Integration and Horizontal Integration as Ways to Expand Your Business

There are two way for companies to grow. They can grow horizontally by purchasing another company in their industry or the can grow vertically and buy companies that are up or down their supply chain. Vertical Integration Vertical integration can bring you closer to the customer if you also have a hand in the distribution of your product. In the vertical integration business expansion model, companies expand by gaining control of their entire supply chain. The benefit of this type of expansion is to gain more control over cost, quality and delivery times. Apple for years has championed a vertical model, including opening their own retail outlets. Other businesses that have proved that vertical Integration works are Google, who acquired mobile-device maker Motorola Mobility so that they hav...

Buying an Existing Small Business

There are basically two ways of buying an existing business – buying an existing business or buying a franchise (new or existing). With a non-franchise business there is less support than with a franchise business, but there are also no franchise fees and/or royalties to be paid. For the purposes of this blog, we will not be looking at manufacturing or inventory-based businesses, but more service-bases small businesses. One of the first steps that someone taking over an existing small business should consider is to do a review of its history and the way it operates. This means having a thorough look through its’ financial statements (this is best done by an accountant who knows what to look for). The buyer should also review the operating documents and practices. Some of the it...