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Why Move from the Burbs to Downtown Toronto Office Space?

By |2023-12-14T11:00:14-05:00May 30th, 2017|Growth & Innovation, Office Space, 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 millennial’s 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 […]

Does your start-up really need a private office space? Here are some questions to ask yourself.

By |2024-01-18T11:50:07-05:00May 18th, 2017|Growth & Innovation, Virtual Office|

The first few months (or even years) of a start-up are often executed from the owner’s garage, basement or kitchen table. But as the business grows, it’s time to move. However, where you go is just as important. Your location can affect your company’s productivity, creativity and community – not to mention budget. Insiders agree that choosing the right environment depends on the work that’s being done and the people who are doing it. Some entrepreneurs are taking the plunge, either buying or leasing commercial office space to give their start-ups credibility and authenticity. Is opening up in your own office space a smart move early on for a new business? If you’re considering leasing traditional private office space, you should curb your enthusiasm long enough to ask yourself these questions. What will it cost to lease office space other than the monthly rental payments?  When you’re considering leasing office […]

Seven tips for starting a successful small business or start-up

By |2023-12-14T11:29:31-05:00May 16th, 2017|Growth & Innovation, Virtual Office|

The biggest fear of starting a small business is failure, but there are things you can do to limit your chances of failure and increase your potential for success. While most of the advice here is not new, we are going to remind you of them and try to put a new angle on them so they make more sense. Have passion for your work. Having passion for your work does not mean that it is your only calling, but you need to be excited about it to the point where others see your passion. Starting a small business is not easy, and if it seems too easy, you might be doing something wrong. It is important that you enjoy what you are doing, because it will take a lot of work and personal energy to ensure that your small business venture has a chance of being successful. There are […]

Small business and start-up time management tips

By |2021-11-05T16:41:02-04:00April 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 […]

When does a home-based business need a location?

By |2021-11-05T16:38:34-04:00March 24th, 2017|Growth & Innovation, Shared Office Space, Virtual Office|

If you have to work for 80 hours a week just to keep your business afloat, then you are not profitable. Some entrepreneurs blow through the earliest stages of their company’s growth by putting all their energy and time into their businesses at the expense of their own health and personal relationships. Part of the reason for this is that they are working from home – and the line between home time and work time often becomes blurred. The fact remains that two out of three companies begin in a spare bedroom, garage, basement or sometimes even a bathroom (we did not ask about this one when we were told about it). Sometimes the choice of operating your business from home is taken away from you by zoning bylaws. Many cities and many counties have zoning ordinances that limit, to one degree or another, whether you can operate a business […]

Business tips inspired by Barbara Corcoran

By |2023-12-12T14:59:17-05:00March 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 […]

The differences between a mail-forwarding service and a P.O. Box

By |2023-12-21T16:02:27-05:00March 7th, 2017|Growth & Innovation, Mail Forwarding Service, Virtual Office|

P.O. Boxes are usually offered by either the Post Office or a “CMRA” which stands for Commercial Mail Receiving Agency. It all depends on the services offered by the Post Office or CMRA that you are working with. A mail-forwarding service is typically offered by an office business centre that rents office space to small businesses and also offers virtual office solutions. The difference between a mail-forwarding service and a P.O. Box The first real differences between a mail forwarding service and a P.O. box is that a mail forwarding service provider offers you a real street address. This is ideal, especially if you are a running a small business that needs a more professional image than a conventional P.O. Box number. Another factor is that a P.O. Box cannot accept packages for you, especially when they are being delivered by a third-party courier company that requires a signature. A […]

Time-management tips for inbound business phone calls

By |2021-12-28T15:32:23-05:00February 15th, 2017|Virtual Office|

Do you know how to handle incoming telephone calls so that they do no waste your valuable time? It is a fact that Inbound telephone calls can consume a great deal of time and eat into your productivity level by taking you away from tasks that are more profitable. There are ways of cutting down the time you lose speaking on the phone, without being curt or rude to the person calling you. 1. Have your calls answered and possibly screened by a live professional receptionist. Let her or him route the calls to the right person, department or extension. For some calls, such as those from salespeople looking to sell your business a product or service, those calls can be sent to a voice-mail extension to be reviewed later. You can even have an extension with outgoing messages for general questions such as hours of operations and locations. Even […]

Can’t find a networking event that suits you? Create your own networking event business!

By |2023-12-12T15:11:05-05:00February 8th, 2017|Boardrooms & Meeting Rooms, Growth & Innovation, Virtual Office|

So you have gone to a few business networking events and they did not turn out to be what you expected. Maybe you ran into the challenge of being taken seriously by more seasoned business people. Here is an idea: host your own networking event and build up your credibility. By planning and sponsoring a networking event, you’re suddenly transformed into a business leader in the community. You are bringing entrepreneurs and small business owners together to talk shop – and many believe that only a leader does that. The added bonus is that you also bring extra exposure to your business and brand. Here are some tips on how to pull off successful networking events: 1. Choose your event venue wisely. You do not want to choose a venue that is not easy to get to and not centralized. Many people will suggest you host your networking event at […]

How to discover your profitable small business idea

By |2021-06-29T16:40:54-04:00January 11th, 2017|Growth & Innovation, Virtual Office|

As an office business centre, Telsec not only rents office space, but we also have virtual office solutions for people who work from home or on the road. Most of our virtual office clients have their mail forwarded to where they are working, but some still prefer to come into the office to pick up their mail. This blog writer has had a chance to meet some of these virtual office clients and learn how they chose the business they went into, then turned those methods into this blog. Before we get into some of the ways that these clients came up with the ideas for their business, let me tell you why I chose to ask this group of customers. The people who use Telsec’s virtual office solutions are more often entrepreneurs who are sole proprietors who work from home – and are often the sole employee of their […]

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