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

By |2021-06-29T09:58:10-04:00May 4th, 2017|Growth & Innovation, Office Space, Shared Office Space|

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 […]

Five common mistakes business beginners make

By |2021-06-29T10:00:22-04:00May 3rd, 2017|Growth & Innovation, Office Space|

So you decided to take the plunge and start your own business. I bet you are really excited and cannot wait to get it off the ground. You will need all the excitement and enthusiasm you can gather, because you are going to encounter a lot of challenges. Some of the challenges will not be that hard to work your way around. But you want to make sure that the challenges you encounter are not made more difficult because of your your own actions. The mistakes you make could cost you a lot of money and even cause your business to fail. Here are some mistakes that are common for a new business owner: 1. Do not open a new business expecting it to be profitable overnight. Outside of a few fluke businesses that hit the business lottery and become a media darling on day one, do not expect to […]

Clues that you need a new office space

By |2021-06-29T10:05:57-04:00April 27th, 2017|Office Space|

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 […]

Small business and start-up time management tips

By |2021-06-29T12:10:53-04:00April 14th, 2017|Growth & Innovation, Office Space, Virtual Office|

Everyone always say that “Time is Money” when it comes to your small business. But you need to know how to manage it so that your time is used wisely and productively. You cannot get time back that has been lost, so we compiled some tips that will help you to identify and rectify the way you spend your time. Audit your day by creating a time log. We are not suggesting that you log every minute and hour of every day. You just need to create a log that sets a benchmark for a how your time is used on a typical day. This may require you to log your time for a few days if your schedule is different over those particular days (eg. Monday is spend in the office, Tuesday is spent on the road, Wednesday is spent in the factory or warehouse, etc). Once you have […]

Building the ideal community for your business

By |2021-06-29T22:13:26-04:00April 12th, 2017|Growth & Innovation, Office Space|

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 |2021-06-29T14:49:07-04:00March 29th, 2017|Growth & Innovation, 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 |2021-04-05T19:16:30-04:00March 16th, 2017|Growth & Innovation, Office Space|

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 […]

Business tips inspired by Barbara Corcoran

By |2021-04-05T19:16:30-04:00March 14th, 2017|Boardrooms & Meeting Rooms, Growth & Innovation, Office Space, Virtual Office|

Barbara Corcoran is the real estate contributor for NBC’s TODAY Show where she regularly comments on trends in the real estate market. But most people know her as one of the sharks on ABC’s reality hit show Shark Tank. If you really want to question her business knowledge, consider that she turned a $1,000 loan and parlayed that loan into a $5 billion real estate business. Then in 2001, she sold that business for $66 million. This shows that she knows a little about building a business. Here are some of her best tips for small-business owners from an article on the Forbes website (followed by our comments): “Don’t be afraid to make big mistakes. All the best things that happened in my business happened on the heels of failure. Don’t be afraid to fail; it’s proof that you are meant to be a successful entrepreneur. The only difference between people who […]

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

By |2021-06-29T15:08:49-04:00March 1st, 2017|Commercial Office Space, Growth & Innovation, Office Space|

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 |2021-06-29T15:35:42-04:00February 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 […]

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