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-based 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 items to be reviewed include: Accounts Receivable Reviewing the accounts receivable and accounts history will help to determine […]
When people think about renting office space, the forget that finding a quality office space is similar to finding an apartment rental. But sometimes finding a good office space is a lot easier and comes with a lot less hassles. So here are some tips that can be applied to both office space rentals and apartment rentals. Tip #1: Location, Location, Location Ideally, you want to find an office space location that is both prestigious and convenient. A prestigious office location will tell your customers and potential clients that you mean business and that you have standards. But be careful not to choose a location that will intimidate your clients into believing your prices will be too high in order to afford this address. The location of your office space also needs to be convenient for you and your staff and clients to get to. A good office location will […]
It is cold and flu season once again and people around our office space for rent Toronto are scrambling to find the cure all ... but the best cure for colds and flu's is prevention. While getting the flu shot will help, there are plenty of ways to help prevent the spread of the flu.
When choosing your office space did you consider the age and work style of your staff and what environment would make them the most productive to your business?
This week we are addressing some questions that our Toronto office rental coordinators have been asked. While these are not all of our frequently asked questions, these are just some that our staff answer a great deal when potential tenants visit our Toronto office space.
The idea of scrapping long term deals is not a new thing in the office space landscape. For years office business centres have offered office space for lease Toronto on short term contracts.
When you hear serviced office providers like Telsec Business Centres talk about saving clients time and money by offering Toronto office space in a business centre environment, the question that almost immediately follows is just how does the business centre actually work and what are the benefits for tenants? The best way to start off is by talking about the savings through shared office services. Using this model, one company does not have to pay for all of the office services on its own. Many of the overhead costs are shared with a number of other businesses at the centre. In traditional Toronto office space for lease arrangements where you rent out raw space in a large office building, your company is responsible for every cost associated with the office space you lease. This means that your purchase of utilities, maintenance, cleaning, garbage removal, telephone system, high-speed internet and other […]
People, by nature are often afraid to ask a question because they think their question is a bad question or a wrong question to ask. But if you listen to any public speaker or expert on any topic (such as office for rent Toronto) they will always say that the only bad question anyone will ask is the question that is not asked.
Saying "I found it on the Internet" is not a defense against copyright infringement because works on the Internet are as copyright-able as those found in a book or on any other media.