Over the past number of years a new office trend emerged. Well, not exactly a new office trend, just the renaming and modifying the concept of the shared office or hot desking. This new trend is called CoWorking office space
What is a Hybrid Work Model? A hybrid workplace model is a style of work that combines working remotely and working on-site. Managers decide how many days per week staff members need to be on-site and how many days they can work remotely. Sometimes, staff members are allowed to decide for themselves when they want to come into the office, and in other scenarios, managers may implement a policy where staff must come to the office 3 days a week and can work remotely 2 days a week. Policies may change depending on the needs of the company. For example, if there is a group project with a fast-approaching deadline, managers may ask certain employees to come into the office more days a week than usual. On the other hand, during a slower period, staff may be allowed to work remotely for the entire week. When people are forced into [...]
The flexible workspace sector is home to different types of workspace accommodations. Within the flexible workspace sector, you will see coworking spaces and business centres. Although there are a few similarities between coworking spaces and business centres, the main differences can be seen in how they operate and the perks they can offer small businesses. The types of Office Space Business centre office solutions offer a wide range of office spaces for businesses to choose from. The types of office spaces can range from: Coworking spaces Private office rentals Daily office space rentals Meeting room and boardroom rentals Executive office suits Commercial office rentals Team spaces As you have probably noticed from the list above, business centres also offer coworking accommodations. Whereas a stand-alone coworking office will only be able to offer coworking space, and will not include as much variety for different types of office space. Cost and Hourly […]
Routines can be comforting, if you are used to working from home the idea of going elsewhere can seem overwhelming. However, sometimes we need a break from our regular routines to stay motivated and productive at work. Here are some useful tips on the different places you can work remotely, and how to ensure you stay on task when you’re out of the house. Places to Work Remote : 1. Workspace rental If you want access to a professional private office, but don’t want to commit to a traditional lease agreement, then a workspace rental is your best option. With a workspace rental you have the flexibility of choosing how long you want the office for, and only pay for however long you use it. For example, if you need a private office from Jan-Feb, then want a 2-month break, and need an office again in May and June, with [...]
The term hot desking originated in Chicago in the 1990s. The idea came from the phrase hot racking when sailors would share bunk beds on a ship. The sailors would work in shifts, and once their shift was over they would take the first available bunk bed they found. Hot desking works in a similar way. With hot desking people can reserve a seat at a desk whenever they need one, for however long they need it. Once they are done using it, that space will become available for the next person to reserve. Desk space can be shared among people from different professional backgrounds and industries which opens the floor to new collaborations. Alternatively, you could choose to rent a room for a group of people. Hot desking offers a flexible solution to ever-changing work dynamics. Pros Save on unnecessary costs One of the biggest advantages of hot desking [...]
Before explaining how to become a distributor from home, it is important to explain what a distributor is. Basically, a distributor is a middle person that serves to move products from the manufacturer to the market. While some distributors are retail and sell directly to end users, others are merchant-oriented and sell and move products from the manufacturer to wholesalers, that in turn sell to retailers. Understanding what is a wholesale business The practice of wholesale distribution is a true buying and selling game and can involve risk. It is a game that requires good negotiation skills, a nose for sniffing out the next “hot” item in the particular category you are known for, and good salesmanship to find the right buyers. The basic premise is to buy the product at a low price, then make a profit by tacking on a low enough dollar amount that it still makes […]
Coworking has been all the rage for the past decade, but there’s a lot that small business owners don’t know about the differences between coworking and shared office space facilities (also called office business centres or executive suites). The main reason for this confusion is that some large corporate chains of business centres and executive suites have started to claim that what they’re offering are coworking spaces – without really knowing what the original coworking philosophy was all about. When you look coworking up on Wikipedia, you’ll find this explanation: “Coworking is a social gathering of a group of people who are still working independently, but who share values and who are interested in the synergy that can happen from working with people who value working in the same place alongside each other.” Notice that the key words are “social gathering” and “share values” – meaning that true coworking is [...]
In our introductory post to Flex space solutions post “Flexible Workspace what is it and who benefits?” we explained flex space refers to office space provided outside the “conventional lease” markets. In Toronto, this includes coworking space, most business centres and shared office space providers. As corporate businesses learn more about how the flex space networking culture and entrepreneurial environment affects their employees and see the results, flexible workspace has the makings of becoming a long-term trend in this segment of the office space market. When you dig, you see there is far more driving the move to a flexible workspace by corporations than to a cheap office space. Why Flexible Workspace is Tailor Made for Satellite and Branch Offices To move employees from corporate headquarters to a satellite or branch office requires a lot of time and energy from managers and support workers to procure, furnish, decorate, and outfit an office space with […]
Shared office space in Toronto can come in several forms with a variety of payment terms, overhead and types of office space being shared. The list includes: Coworking office space Traditional office space where 2 or more businesses share the office expense Semi-private Office in a Business Centre where 2 businesses share an office Team office space is a larger office shared by several employees of a single business Flexible workspaces The Pros and Cons of Coworking Shared office Space Coworking office space is like a business centre that charges a monthly membership fee rather than a monthly rental fee. More networking opportunities are perceived to be one of the advantage, however, at telsec we have seen that there is also a sense of community and collaboration in our business centre. The biggest advantage that coworking provides is in the low costs and use of shared business equipment and support […]
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 […]
