Serviced offices can offer small businesses more flexibility than normal longer-lease (traditional office space) properties and enable you to expand or contract as your business needs change. Most businesses that rent serviced offices are looking for short-term lease agreements. Serviced office providers rent out serviced offices on a rolling basis, meaning that you will only have to pay at the end of each month for the facilities that you’ve used, that are outside of the agreed terms. Because serviced offices are furnished, you do not have to purchase desks, chairs and other office furniture. You also do not have to set up the communications systems or Internet. One of the biggest challenges for a small business just starting up, is the capital equipment cost of office necessities. Many serviced office business centres like Telsec, will even offer various furniture choices and options to customize the space to the very particular […]
It is no secret that American businesses start to look north when the Canadian dollar is lower and the American economy is picking up. This is because they see Canada as a place they can save and grow at the same time. Basically a lower dollar is both good and bad, depending on your place in the economy. The hospitality and tourist sectors, exporters and particularly Canadian manufacturers (which have been steadily losing market share in the world marketplace), are among the major winners. So too are the people employed in these industries. Experts argue that a 70¢ or 80¢ dollar is probably closer to fair value, and therefore a good thing for Corporate Canada and the broader economy. Canada’s tourism industry traditionally gets a big boost when the dollar is appealing to those south of the border. This is further enhanced when American media like The New York Times […]
A small business can only look as professional as the people who are running them, your job as a small business owner is to project your own professionalism. If your potential or existing clients do not see you (the owner) as being professional, how do you expect them to see your company as being professional?
Many expanding businesses, start-ups, international businesses and even established larger forms are looking to downsize their real estate and office-space. They are turning to all-in-one serviced office business centres and executive offices for their businesses office needs. Business owners are realizing that, with an all-in-one business centre to fill their office needs, their company can see a significant amount of savings in all aspects of their total office expenses every month over traditional raw-office-space leases. Read on to discover the top 10 advantages of all-in-one office space for lease in Toronto. Professional Receptionist at Your Disposal If you’re a business start-up or are significantly downsizing your company, you’re probably operating with minimal office support staff. So why spend your money on hiring a receptionist when most all-in-one office business centres provide a live receptionist? You can have a professional receptionist answer all of your calls as you direct, without paying […]
A question that we often hear is “why use a serviced office?” So, let us look as some of the advantages to using an alternative office space like a serviced office over traditional office space – as well as some of the perceived disadvantages. It is important to note that business centres serviced offices offer more than office services. The advantages of serviced offices over traditional offices are: Many business centres’ office-space solutions provide a sense of community for a small business to network and exchange knowledge. Serviced offices have no building “fixed expenses” like taxes, repairs etc. Low or no capital expenditure to open and maintain your office or workspace. Flexible rental terms that facilitate full utilization of space needed for business growth. Serviced offices can often provide or facilitate retaining professional services like accounting, lawyers and marketing services. Serviced offices provide a sense of community A serviced office […]
We have been told that while we promote the advantages for businesses to have an office space in a serviced office facility like our office business centre, we have not discussed the perceived disadvantages or the types of business that would not benefit from having a serviced office. First we will restate the advantages and then address the disadvantages that some critics have about them.
Small businesses are always trying to cut operating costs and find inexpensive marketing solutions. So here are a few suggestions on how to save money operating your small business, as well as ways of reducing costs of marketing camaigns. Before we tell you about the 15 items on the list we compiled, we want you to consider where you are doing your business. One of the best ways of saving money is by locating your office space Toronto within a business centre (also known as an executive suites centre), where you can rent everything from serviced private office space, semi-private office space and shared office space, to co-working office space and virtual office space. Check out a VoIP telephone service. VoIP (Voice over Internet Protocols) is basically a telephone service that uses the Internet rather than traditional telephone lines. Many businesses are opting for this cheaper alternative not only for the cost savings […]
We live in a time where technology is changing often on a daily basis. Sometimes these changes and updates are moving faster than some businesses can keep up with. Many businesses are starting to examine some of the technologies they have been using in their traditional Toronto office space – and realizing that they are either out of date or rarely used due to newer ways of things being done. These constant changes in technology are making serviced office space Toronto more popular. Many companies with office space Toronto still have fax machines, but are stumped when asked when they last used them. More and more documents are now sent over e-mail as word processing documents or as PDF’s, and it is only legal documents that require signatures (like contracts) that are send via fax. Then it is only the signed copies that need to be transmitted by facsimile, as […]
A few years ago, I read that Toronto’s office space market was in a stable, tenant-favouring situation (according to one office realtor’s GTA office-space report). They claimed that the average vacancy rate had continued to hover at approximately 6.5 per cent while average asking net rent was declining. They even went on to say that the Toronto office space market absorbs the new supply of office towers, and with no major new supply anticipated in the near future, the company forecasted a reverse trend towards a landlords’ market by 2011 or 2012. It was interesting that they did not mention anything about office business centres in Toronto; they only talked about office space for lease in Toronto. With the last downturn in the economy, it seems that smaller businesses were starting up and growing faster than bigger businesses. Many smaller businesses that are looking at Toronto office space are beginning to shy […]
It is a dilemma you will face at some point during the life of your small business. The company is growing nicely but there is only so much you can do. Adding administrative support staff is an option to help you with the administrative work while you concentrate on your core business. What if you could have a serviced office Toronto that has administrative support staff that works for you on an a-la-carte basis? Would that not be a big help to growing your business? A key function of support staff is answering calls and greeting clients or guests who visit your business. With a serviced office at Telsec Toronto office space, you already get a professional receptionist who performs these functions at no extra cost. Then maybe you need someone to do some filing or sort your mail for cheques and invoices, these tasks can be handled for a […]