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Using Business Centres as Contact Points for National & International Market Expansion

There are a lot of ways to break into new markets and attract new customers – from selling through a third party to setting up an office on the ground in that market. The main goal of expanding into a new market is to increase your sales and market share, but you will get less resistance from the market if you are seen as being local. You can get distributors to buy your product and then sell it to their own customers, therefore customers see themselves as dealing with a local company. This also means not having direct control over the selling, branding or marketing strategies that the distributor uses, essentially meaning that you do not have direct input on how your product will be represented in that particular marketplace. You could buy or merge with a local company in that market, eve...

Things you could have done in 2016 (and still can) to grow your business

With only a month and a half left in 2016, there is still things you can do before years end that will help to grow your business in 2017. Most small business owners feel that they can not afford to lose a customer, but what if that customer is taking up most of your time or that of your staff (without paying more than other clients)? It might be time to fire those clients or customers whose business only causes daily stress to you and your team, this could free up more time for new customers who are less demanding and easier to deal with. While you are firing bad customers who are time wasters, you want to take that time and concentrate on reaching out to new prospects. You will be surprised how many customers you can get by cultivating your list of prospects on a regular basis, because t...

Toronto Office Space for American Businesses

Toronto Office Space for American Businesses For those thinking of relocating their business to Canada A sense of shock still hangs in the air. People are contemplating their futures in the midst of extraordinary change. Several times on election night, the server hosting the Immigration Canada website crashed under the load of Americans considering leaving the United States temporarily or permanently. Even before the election, the Telsec Business Centre in Toronto has fielded calls from American businesses looking to expand into the Canadian market. In the last week, Telsec has taken calls from businesses concerned about their foreign business relationships. Telsec has a short primer on Doing Business in Canada and a number of blog posts over the previous months. Entries such as like Regi...

Lest We Forget on this Remembrance Day 2016

Today is Remembrance Day. At the 11th hour of the 11th day of the 11th month, we take time to remember those who gave their lives in various wars in the defense of our freedoms as Canadians. This blog entry is dedicated to the soldiers who died in battle and those veterans who have served their country, as well as those who are currently serving. Remembrance Day was first observed in 1919 throughout the British Commonwealth. It was originally called “Armistice Day” to commemorate armistice agreement that ended the First World War on Monday, November 11, 1918, at 11 a.m. – on the eleventh hour of the eleventh day of the eleventh month. Many people wear artificial poppies on their clothes in the weeks before Remembrance Day. Red poppies symbolize the memory of those who died. On November 11,...

How not to kill your small business

We have all heard about business best practices. But what about things that you should not do if you want your business to thrive? Remember that having good business practices and not bad ones, will help prevent you from losing customers and from getting bad online reviews and negative comments. As we mentioned in another blog posting called “The Professional Image Of Your Small Business Begins With You”, we mentioned that a small business can only look as professional as the people who are running it. You can be perfectly dressed for the job at hand, but if you have a “pottie” mouth, or make racist or sexist remarks, you’re going to lose a lot of business trust and respect. Not answering your phone or allowing your business phone to be answered by a child, ca...

Small business survival: The numbers don’t lie!

If you speak to people who know business statistics, you will hear them say that many small businesses will fail within the first five years. These facts are a contributing factor to people buying long-established businesses in order to gain a higher chance of success compared to a start-up. So what are the odds of surviving more than five years? There are government organizations who keep statistics on this. According to the U.S. Bureau of Labor Statistics, “About half of all new establishments survive five years or more and about one-third survive 10 years or more. As one would expect, the probability of survival increases with a firm’s age. Survival rates have changed little over time.” These statistics are backed up by the Small Business Administration (SBA), who state that nearly 66% ...

Small business owner productivity tips

There are plenty of terms that are touted around the business world like efficiency, but finding their meanings is not as easy as using them. So what do words like efficiency mean? If you Google efficiency, this is what you will get: “the state or quality of being efficient” and “greater energy efficiency.” Synonyms: organization, order, orderliness, regulation, coherence; More an action designed to achieve this. Plural noun: efficiencies “to increase efficiencies and improve earnings.” Technical – the ratio of the useful work performed by a machine or in a process to the total energy expended or heat taken in. It is also short for efficiency apartments.* In your Google search you will also see what Wikipedia says: “Efficiency is the (often measurable) ability to avoid wasting materials, e...

How to create a series of seminars for small business owners and consumers

In our previous article “How to Create a Series of Seminars” we primarily focused on creating seminars and training sessions for larger businesses, but what about seminars and training sessions for small business owners and consumers? As a small business owner, what skills or wisdom do you have to share with other small business owners or consumers? Hundreds of thousands of people pay to attend meetings, seminars, workshops and training programs every year. By creating and conducting seminars or training sessions, you could bring additional income to your business – you just need to find the topic that your audience will pay you to learn about. The most popular training topics include customer service and creative problem-solving. But they can also include team building, leadership and sal...

How to create a series of seminars

Over the past few decades, the seminar business has become quite big because the demand is high. The demand for seminars is not only important with some consumers, it has also become in demand by small businesses and giant corporations alike. As a small business owner, you might be able to get in the game to show off your skills and the skills of those around you. Conducting seminars could result in additional income for your business – because there are hundreds of thousands of people paying to attend meetings, seminars, workshops and training programs every year. Some of these people are sent to these types of events by their employer, while others attend them for personal growth and knowledge. There are thousands of topics being taught each year – from sales and management techniques to...

Virtual Office or Virtual Assistant?

Many people ask what the difference is between a virtual office and a virtual assistant, because some websites and articles use them interchangeably or in similar context. This makes it difficult for an entrepreneur or a small business owner to determine what it is that they really need to help them with their business. In order to help you better understand the differences and similarities, we will first tell you what each is, and then explain how you can get the best of both services from one provider. The term virtual assistant, sometimes called a virtual office assistant (or VA for short), refers to a person who is generally self-employed and provides professional administrative, technical or creative assistance to clients remotely from their home office. Typically, virtual assistants ...