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Buying an Existing Small Business

By |2021-11-05T14:39:58-04:00February 24th, 2014|Commercial Office Space, Growth & Innovation, Office Space|

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 […]

Tips for Renting Office Space or an Apartment

By |2021-11-05T09:45:57-04:00October 18th, 2013|Commercial Office Space, Office Space|

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 […]

Serviced Office Space can save you Money

By |2023-12-14T15:08:43-05:00July 9th, 2013|Commercial Office Space, Office Space, Shared Office Space|

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 […]

The only Wrong Office Space for Rent Toronto Question, is the Question not asked!

By |2023-12-12T14:26:19-05:00June 28th, 2013|Commercial Office Space, Growth & Innovation, Office Space, Virtual Office|

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.

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