Office Space Archives

How & Why Big Business Will Drive Coworking Office Space Growth

By Ian Payton|2018-08-30T05:20:34-04:00August 30th, 2018|coworking office space, Flexible Office, Flexible Workspace, office rental, Office Space|

Coworking & Flexible Workspace: Will It Be the Death of Traditional Offices? Since coworking and flexible workspace became a trend a few years ago, office space design has been the subject of much speculation and discussion. Business sites like Inc., Entrepreneur, Harvard Business Review and Forbes have featured numerous articles about the latest and greatest coworking/flexible office space designs, and of course, we at Telsec Business Centres have discussed alternative office space options for several years now, as providing office space in its many variations is both our specialty and service. Here we continue the conversation about coworking and flexible workspace from the perspective that not only does it make good business sense for entrepreneurs, startups and SME businesses, but it also represents a cost-effective solution for corporations and larger businesses. In fact, corporate and larger businesses will be the driving force behind the growth of coworking/flexible workspace, as they […]

Why Move from the Burbs to Downtown Toronto Office Space?

By Ian Payton|2017-05-30T09:14:25-04:00May 30th, 2017|business address, Office Space, small business advice, Virtual Office|

Many companies are choosing to move their offices downtown and away from the suburbs. Lets discuss why this is happening and what are the advantages of the downtown location for customers, colleagues and employees. In the past several years, a handful of North America’s largest corporations like Microsoft, Google, Yahoo and even McDonalds have joined the exodus from their suburban headquarters and campuses to new office space that is located downtown, and millennials seem to be the driving force. Yes, many companies chose to accept the usually higher cost of downtown space opposed to what they are paying in the suburbs, because they help attract younger workers. These workers want the chance to walk to nearby amenities and areas with a sense of place, rather than a generic business park campus or driving to a nearby shopping mall. This is also because these same workers want to be close to the […]

Seven tips for successful small-business and start-up owners

By Ian Payton|2017-05-04T23:37:31-04:00May 4th, 2017|Business Centre, Office Space, Serviced Office|

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 multiple and small achievable portions. Build a support network. Being […]

Clues that you need a new office space

By Ian Payton|2017-04-27T20:17:36-04:00April 27th, 2017|Office Space, Uncategorized|

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 strip mall (between a dentist’s […]

Building the ideal community for your business

By Ian Payton|2017-04-12T06:19:31-04:00April 12th, 2017|Business Centre, Business Community, Office Space, small business advice|

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 interests in online communities. Online user communities can be a powerful force for businesses . Businesses with active communities focused on their products or […]

Small business and start-up budgeting tips

By Ian Payton|2017-03-29T21:38:21-04:00March 29th, 2017|Business Centre, Office Space|

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 smaller, more manageable categories, the job will not look as challenging […]

Canadian small business tax tips

By Ian Payton|2017-03-16T19:59:32-04:00March 16th, 2017|Office Space, small business advice|

Tax season is upon us and we all know that tax time can be stressful for most – but especially for small business owners who have limited time to spend on preparing their tax returns. Having a plan and being informed can help to alleviate some of the pressures of doing your business taxes. So what can you do throughout the year that will help make tax season easier? Here are some suggestions: Keep up with your record keeping. Not to sound like “Captain Obvious,” but keeping records of all your expenditures throughout the year will add up. It can be as simple as putting all your loose receipts in a shoe box. But it will much easier at the end of the tax year if you had a system to sort and organize your receipts sorted by month or type of expense and placed in an accordion-type folder. If […]

How to find and rent downtown Toronto office space within your budget

By Ian Payton|2017-03-01T02:57:09-04:00March 1st, 2017|Business Centre, Office Space, office space for lease|

Finding and renting a downtown Toronto office space that is within your budget is not as difficult as you think. Just follow some simple steps. Step 1: Estimate your budget This step may sound like a no-brainer, but some people skip this step and end up with office space that they eventually find out that it is beyond their budget. By establishing your budget, you will save yourself a great deal of time during your search. Part of establishing your budget is deciding if you are looking for raw office space that will require you to purchase office furniture and equipment, or if you want to rent a serviced office space that comes with office furniture. Step 2: Figure out how much space you need Do you need a small 500-square-foot office or do you need 5,000 square feet of space? Calculating how much office space your business needs is […]

What is your time worth to your small business?

By Ian Payton|2017-02-14T13:01:21-04:00February 14th, 2017|Office Space|

There are plenty of ways that an employees can calculate what their time is worth based on mathematical formulas. But as a business owner, the formula becomes a little more complicated. Once you have determined the value of your time, you can make choices about the things you are doing in your business, and if certain tasks are worth doing yourself or having someone else do them. Using the Realized Income Methods to calculate the value of your time, you need two numbers: 1. The amount of time you spend to earn money. 2. The amount of money you earn during that time. Once you have calculated the value of your time, you can then be better informed on making decisions like: Should you take the non-stop flight and save two or three hours, or do you take the flight with a stopover (wasting an hour between flights) and save […]

What Colour Should You Paint Your Office Space?

By Ian Payton|2017-02-09T12:24:33-04:00February 9th, 2017|Office Space, Team space|

When you are choosing to decorate your office space, you should consider the colour you paint the walls. The colour and shade you select for your office walls can affect how much work will get done between those walls. Paint industry experts say that for work spaces, neutrals and softer, more grayed hues are better for concentration and preventing eye fatigue. The also recommend that you do not leave the walls just bright white. Bright colours might not be the solution either, colours that are very saturated and not very bright (like emerald green and sapphire blue) generally promote an energy levels. Red might be your favorite colour, but it can have a negative influence in the workplace. So what colour should you paint your office walls to get more done, or at least to prevent the shade from impeding your work? This is different depending on they type of […]

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