Buying vs leasing vs renting office space – different perspectives!

By |2021-11-05T12:17:35-04:00December 15th, 2016|Commercial Office Space, Office Space|

When a growing small business reaches that point where operating from a home office is no longer an option, the owner is faced with the choice of buying, leasing or renting office space. There are plenty of other articles on the Internet to help you through the legal and financial options of leasing over buying, but most do not address the potential of renting office space without a lease at an office business centre. For the purposes of this blog, we will define the three options more practically. Buying office space: This would be space within an office condo complex or a business complex, but it could also be a stand-alone building that is not in a business area. Leasing office space: This refers to traditional raw office space that is in an office building or tower, meaning that the space is yours to set up as you like. Renting office […]

Can corporate use coworking space to accelerate growth, innovation and collaboration?

By |2021-11-05T12:10:28-04:00December 8th, 2016|Coworking Office Space, Growth & Innovation, Office Space|

When most people think of coworking office space, they usually think of a large open space filled with millennials, freelancers, one-person or two-person small businesses and start-ups looking to get off the ground. Some small business owners and corporate business executives might be a little concerned by the fact that their employees are hanging out with other businesses’ employees and holding sensitive telephone conversations just a few feet away from a potential competitor or someone looking for a new idea. Along with worrying about how employees are using their time, corporate privacy, intellectual property loss and potential security issues are some of the reasons why many corporations have been reluctant to place their team or a sub-team from utilizing coworking space. The problem is that forward-thinking team managers see the benefits of using a coworking space for creative teams to thrive, despite the perceived risks that may or may not […]

How to start a retail business from home

By |2021-06-29T18:27:17-04:00December 7th, 2016|Boardrooms & Meeting Rooms, Growth & Innovation, Office Space|

This blog is the third in a series about home-based profitable businesses that you can start without having to carry large inventories or to have a full-time presence in a physical office or storefront. It is often mentioned that small businesses employ more people than all large businesses combined. Small and medium-sized enterprises (SMEs) play a major role in the Canadian economy. Industry Canada says that 99% of businesses in Canada have fewer than 500 employees and they employ 64% of workers in the private sector. A great deal of those businesses are retail based. In the USA, the retail industry provides a way of life for the more than 24 million people who earn their livelihood from it. Regardless of the type of retail business you want to start, you cannot ignore the power and reach of the Internet. Each type of retailing has strengths and weaknesses, so you […]

Starting A Serviced-Based Business From Home

By |2021-11-05T15:58:35-04:00November 23rd, 2016|Growth & Innovation, Office Space|

In our previous blog Starting Your Home-Based Business, we pointed out that service-based businesses make up the majority of the most profitable small businesses you can start. We all have our own skill set and areas of expertise. The trick is to find the knowledge and skill set that you have that others are willing to pay for. Sometimes it is not your skill set, knowledge, experience or expertise that you could be selling. It could be that of others or products and services of others! You may not be an accountant, bookkeeper, tax specialist or be able to provide payroll services, but that does not mean that you cannot be the person who introduces those who need these services to those who can provide them. Just like a real estate agent does not own the property he or she is selling, you can bring a buyer together with a […]

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

By |2021-06-29T19:03:38-04:00November 16th, 2016|Growth & Innovation, Office Space, Shared Office Space|

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 […]

Toronto Office Space for American Businesses

By |2021-06-29T19:07:19-04:00November 14th, 2016|Office Space|

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 Registering Your Business In Canada, US Startups should begin international expansion in Canada , Canadian businesses are having a 30% off sale – well, almost!  and Canada: A […]

Tips For Small Businesses To Appear Much Larger Than They Are!

By |2021-06-29T22:27:16-04:00September 22nd, 2016|Office Space, Virtual Office|

Having one address at a prestigious location can be good, but what about having multiple location addresses with a 800 number to 1 location? Your small business can saves money and appears like have multiple locations for less than the cost of 1 office space with the 1 800 number meaning you only need 1 phone + address account. So how is this done? You can have virtual office locations with several Alliance business centers that are located around the world in over 80 countries. With several virtual office locations and a 800 number, your client or prospect will call you and ask to speak to the location nearest them, but the call will be forwarded to where you are working or to your Toronto head office location. When your small business has a live receptionist answering your calls with your business name, your customers believe that you are bigger […]

How to Negotiate For Lower Business Expenses

By |2021-11-05T12:47:29-04:00September 15th, 2016|Growth & Innovation, Office Space, Virtual Office|

Every expense that your small business has, ends up adding to your overall cost of doing business and can eat away at your bottom line. What is the answer? Lower your re-occurring costs by negotiating discounts and lower rates with your vendors. While small businesses have been cutting back on their spending over the past number of years, according to one report, costs for goods and services togrther can be has high as 28 percent of your small business’ budget, making those costs the second largest expense after payroll. It is true that some fixed expenses such as rent, office equipment and utilities can be more difficult to negotiate, but with the right amount of knowledge, you might find some alternatives or ways to get these expenses fixed. Knowing what your big expenses will be each month will make it easier to budget and allow you to focus on negotiating […]

Getting Virtual Teams Right

By |2021-11-05T12:07:59-04:00September 8th, 2016|Boardrooms & Meeting Rooms, Growth & Innovation, Office Space|

First let’s talk about “Virtual Teams” as some people do not know what the term means. Basically, Virtual Teams are people that work together on various projects, but are located in different physical locations. This concept of people collaborating from various locations is one that is on the rise and has become easier as internet and telecommunication technology advances. These dispersed teams rely on shared work spaces, public WiFi, libraries and other places that they can connect to the Internet and communicate with their coworkers. Basically, they can work from almost anywhere and still be able to interact with other team members. We don’t need discuss the appeal of this type of work environment for employees, or their satisfaction in working in a flexible environment that speaks for itself. Most remote workers will tell you that they are happy to work alone, but they are most happy when they are […]

Where to locate your business

By |2021-11-05T16:48:52-04:00September 6th, 2016|Boardrooms & Meeting Rooms, Growth & Innovation, Office Space|

It is often said that the three most important factors in making sure a business is successful are ‘location, location, location.’ Even if your business is not retail and does not rely on walk-in traffic, your location is important to your customers and prospective clients. Yes, you prospective clients will often research your small business to find out if you are local and if you at a real business address. You may not need to maintain a physical presence near your customers, but your business address should be where your customers are – or where they expect you to be. You could have a head office location at a prestigious business address and have a majority of your production or staff working from another location that better suits the work that is being done – or where you are paying less rent. You want your customers to see your primary […]

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