Where to locate your business

September 6th, 2016|Comments Off on Where to locate your business

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 […]

Five Tips Every Small Business Owner Needs To Know

August 30th, 2016|Comments Off on Five Tips Every Small Business Owner Needs To Know

While there are plenty of tips all over the internet for small businesses, few are aimed at the business owner. As a business owner, sometimes you have take a step back and look at yourself in the mirror – and decide if you are making decisions for yourself or for your small business. Here are five proven strategies: Be unique. Have a unique product or service offering, or a point of view that your competition does not. Your offering must stand out and have its own point of view that is uniquely yours. If your potential customers cannot distinguish between your product or service and that of your competitor’s, as the new person in the marketplace you will probably not get the sale. Remember that consumer expectations today are heavily influenced by the larger players who have established a track record for what they are offering and how they deliver […]

Tips On Hiring And Managing Employees

August 25th, 2016|Comments Off on Tips On Hiring And Managing Employees

As you get your small business off the ground, you will at some point need to hire employees to take care of the day-to-day functioning of your business. Before you start to look for employees, you need to define their job descriptions and what qualifications they should have to fill that position. You want to recruit the best and brightest, and create a workplace environment that they want to be a part of – and one that will retain them, so they do not get lost to your competitors. You also want a workplace environment that stimulates creativity and productivity at the same time. Just look at what Google, Bing, Apple and Yahoo have done. Yes, those are extreme examples, but there are many things they do that you can scale down to fit your own workplace. Happy and healthy employees are productive and will keep your business going strong. […]

Planning Your Business Is Like Going Back To School

August 16th, 2016|Comments Off on Planning Your Business Is Like Going Back To School

When you decide to start a business for the first time, it is important to know that creating a solid business plan is vital to your success. A good business plan will help you know where you are headed long before you get there. Writing your business plan requires doing your homework and making some decisions. The research and choices will have a great deal of influence on how your business is structured and in what direction your business should go. The first thing you need to do is to decide what type of business structure will work for you . You have to decide if you are opening your business as a sole proprietorship or other structure, such as a partnership or corporation. Your choice of business structure will have liability and tax implications, so you really need to do your research and find out what works best for […]

Characteristics To Look For In A Remote Worker

August 4th, 2016|Comments Off on Characteristics To Look For In A Remote Worker

When you are looking for remote workers, you want people who have experience with little supervision (well, little in-person supervision) that are able to show results from the work that they are being asked to do. Your business has to be able to count on them, without you standing over their shoulder and making sure that they are getting the job done correctly and efficiently. Even though they are working remotely, they have to be team players. If an applicant does not demonstrate the ability to work with other team members or understand the concept of constant communication with head office and other team members, they might not be suited for your team. Because wherever your team members are located, holding daily meetings can keep them united and working towards one goal. You need a remote worker who can also check in with other team members a few times each […]

Office space versus a virtual office: Which is best for you?

July 12th, 2016|Comments Off on Office space versus a virtual office: Which is best for you?

There is no reason not to have an upscale professional business address. But you do not necessarily need to have a physical office at that particular location. Sometimes a physical office space is important to your business, but what if it is not? Let’s talk about the best options for your small business. There are a range of business address options to choose from, including traditional raw office space, serviced office space and virtual offices. But which one is the most flexible and cost-efficient fit for your small business? Many small businesses owners and entrepreneurs may not have the financial capacity to lease traditional physical office space and pay for the infrastructure that type of space requires. The cost of office furniture, telephone systems and other office equipment such as photocopiers adds up. This has caused serviced offices and virtual offices to increased in popularity, because small business owners want […]

U.S. start-ups should begin international expansion in Canada

June 23rd, 2016|Comments Off on U.S. start-ups should begin international expansion in Canada

Often when we think about start-ups, we think of technology start-ups. But in reality, every business that is starting out is a “start-up” – so it is not just technology companies we are referring to.  It is any company in the early stages of growth. Every successful start-up reaches a point where all the advantages of being first to market with little competition are gone. Many start-ups will look to international expansion to maintain a rate of growth that maximizes resources that become redundant, without new accounts to service or more products to make for new customers. Many start-ups are overlooking Canada, preferring larger emerging markets. But start-ups in particular should be looking at Canada for the following reasons: Logistics enables the leveraging of U.S. assets Skilled workforce Increase online visibility Better understanding of the laws, language, culture, people and markets Canada and the USA have a long trade history […]

Why a Business Centre is the Best Solution for Opening a Canadian Branch Office

June 21st, 2016|Comments Off on Why a Business Centre is the Best Solution for Opening a Canadian Branch Office

Opening a branch office or other corporate or legal Canadian business type in Canada is much like starting your business all over again! You have an expansion plan; researched the best business “entity” for your business and decided upon whether to have a virtual office from your home or rent office space, warehouse or storefront. Then you have to set up a legal entity to do business under and to carry out setting up the business. All of these activities will require a Canadian address. Without a Canadian address, you are in bureaucratic ‘quicksand.’ The Virtual Office Options There is not much to consider when deciding whether a P.O. Box is appropriate over a virtual address because a P.O. Box is not a legal address for the purposes of incorporation or almost any legal business entity that a U.S.-based or foreign company can use. A Business Centre’s virtual office and office space services provide your business […]

Virtual Office Services Provide the Perfect Corporate Image

June 14th, 2016|Comments Off on Virtual Office Services Provide the Perfect Corporate Image

When you are starting a new business, you want to establish yourself with as much credibility and present the most professional image for your new business. Have a professional business address is one of the first steps in building your brand. Even if you cannot afford to rent office space when you first start out, a virtual office service can be a great place to start. Simply put, using a home address or a P.O. Box as your business address does not help in establishing your professionalism. These days, people are very weary of doing business out of a P.O. Box, because they worry that the business might disappear overnight. When you are trying to obtain business credit for your new venture, banks and other lenders will be more likely to take your application more seriously if they see that your business has a professional address. If you work from […]

Three questions all business leaders must ask about their office space

May 27th, 2016|Comments Off on Three questions all business leaders must ask about their office space

How important is good company culture to your business? Just ask the people at Deloitte University Press, who conducted a 2013 study on business culture and employee engagement. They found that 87% of organizations cited culture and engagement as one of their top challenges, while 50% called them a problem. This is a major factor that companies face in terms of the “Brain Drain” from their workforce. Top performing workers are the backbone of any company, especially in the tech sector where finding and retaining talent is challenging. One of the best ways that a company can satisfy employee engagement and satisfaction is having the right work space environment. A great work space is one that makes sure that the office space encourages collaboration, but also fuels play and creativity. In order to have a great work environment for your employees, you have to ask yourself the following three questions. Does […]

Why Open a Branch Office in Toronto, Canada?

May 5th, 2016|Comments Off on Why Open a Branch Office in Toronto, Canada?

In the digital age, the number of opportunities available to businesses is greater than ever because ubiquitous connectivity means the world is at your fingertips. So your customers can be almost anywhere! The only barrier to opportunities becoming realities is your ability to communicate and compete in new markets. Whether it be a large or small business or technology start-up, there comes a time when every business must expand its market in order to maintain growth and continue to gain market share. If you’re a local business delivering local services, you’re looking to grow into other cities or nationwide. But if your business is already reaching its full potential nationally, then businesses will generally look to expand internationally. Why international expansion should start in Canada For U.S.-based companies, countries like India, China and Asia with large populations and huge perceived markets are often the first choices for international expansion. The more logical country […]

Suggestions on managing the virtual office revolution

April 26th, 2016|Comments Off on Suggestions on managing the virtual office revolution

In a previous blog Ways grow your Small Business quickly, we mentioned that one of the fastest ways to grow your business is by hiring virtual office staffers that you do not need to create office space for. To some companies this might be easy; but others have the fear of losing the ability to track employee progress. The trick to making it work is by having the right tools and constant communications with the remote team. Implementing a remote-workforce team allows you to source talent from any location, meaning you have access to the smartest, most capable workforce in your industry. This means that not everyone on your team needs to live within driving distance of your main office. In most cases, you will want a new hire to spend their first weeks at your office for training and meet the rest of your team in person. This not […]

How to find the perfect office space

April 12th, 2016|Comments Off on How to find the perfect office space

In some of our previous blogs like “Your Office Space Toronto Location is Key to Your Success” we talked about the importance of where you locate your office and the much-touted “location, location, location.” But there is much more to finding the perfect office space for your business – you have to find somewhere that is ideal for you and your employees too. You have to consider that your office space not only affects your day-to-day operations and your staff morale, but also your brand image. So besides location, what are the other things that you need to consider? Price is a very important factor to most businesses when choosing a new office, especially their first office. If they spend too little, they either end up with an office they are not happy with, or they may find themselves moving out after a few months. A business that spends too […]

How to do business in Canada: Choosing a business structure

April 7th, 2016|Comments Off on How to do business in Canada: Choosing a business structure

In the post expanding your service based business into Canada, we discussed some considerations you should examine before you begin to move a service-based business into Canada. In this post, I will explain the different types of legal entities that can be used to do business “with Canada” and “in Canada.” The legal structures open to your business are many, so taking the time to choose the best one for your needs is an important part of the process for a successful expansion. One of the best references for information about doing business in or with Canada is found on the Canada Trade Commission site. You’ll find information on everything from Visa and immigration to investing in Canada. A U.S. or other foreign-based company has many options to choose from when selecting a business structure in which to carry on business in Canada. The entities available to do business include: […]

Our building is now Silver-Certified as Green Friendly

March 23rd, 2016|Comments Off on Our building is now Silver-Certified as Green Friendly

We have blogged about our office space and the building that houses it being green friendly – but now we have actual proof from an independent outside organization. The Toronto Star Building at 1 Yonge Street in downtown Toronto has been awarded Silver Certification from the Building Owners and Managers Association (BOMA) of Canada. BOMA BEST is the Canadian industry standard for commercial building sustainability certification, and the only assessment and certification program of its kind for commercial buildings in Canada. The BOMA BEST Program provides a consistent framework for owners and managers to critically assess six key areas of environmental performance and management. These include: Energy Water Waste Reduction and Site Emissions and Effluents Indoor Environment Environmental Management System Over the past number of years, the management of 1 Yonge Street has performed a lot of retrofits to the building to ensure they were heading in the right direction […]

Is the cubicle dead or just dying?

March 15th, 2016|Comments Off on Is the cubicle dead or just dying?

As Millennials are becoming the largest group in the North American workforce, companies are changing their office strategy to attract and retain them. This is because, unlike previous generations, they are less loyal and more demanding. Millennials are not interested in being stuffed in cubicles and being told to just get the work done; they work differently than those who preceded them. Businesses are not just giving into the wishes and wants of Millennials, they are putting money into research to see how to best accommodate a group of people that are predicted to make up to 30% of North American retail spending by 2020. Happy and productive employees also make for good customers. Companies responding to their growing relevance are increasingly turning to human-centered designs to attract them. Researchers are observing human behaviour and envisioning a way to do things more efficiently, enjoyably, productively and intuitively. In doing this, […]

Office Space Trends for 2016

March 8th, 2016|Comments Off on Office Space Trends for 2016

In today’s post, I’m going to discuss office-space trends for 2016 with a bit of a twist. Usually we would just discuss the office design changes and what’s driving them. In our last post “Canadian businesses are having a 30% off sale” we discussed what should happen when the Canadian dollar falls to the levels it currently sits at. Where are the U.S. businesses we expected? Canadian economists and business people have been waiting for this phenomenon to kick in and everyone is a little perplexed that it’s either slow in coming or that things have changed considerably since the “great recession.” IMO, an opinion which is not widely held, I believe there are new factors at play that will see old trends in the way U.S. business people and consumers react to “Putting Canada on Sale.” We at Telsec Business Centres are mixed in our opinions as to whether U.S. business people […]

Coworking Office Space Versus Business Centre Office Space

February 9th, 2016|Comments Off on Coworking Office Space Versus Business Centre Office Space

When searching for a place to do business, the buzz term of coworking is sometimes confused with shared office space and office business centres, but they are not the same thing. The flexible workspace sector is home to all manners of different types of workspace. It is important that you find the best option for your small business. It is important to know and understand the subtle differences between a coworking space and a shared office, or a serviced office. Let’s first start with explaining what coworking is. Coworking spaces market themselves as proving grounds for the future of work. They are often where software developers and start-up founders can network over coffee and fresh-baked cookies. Essentially, they are destinations for freelancers and entrepreneurs who want an office that doesn’t double as a kitchen table or their kid’s playroom. There are those who say the coworking movement grew out of […]

Cost Comparison of Different Office Solutions

January 21st, 2016|Comments Off on Cost Comparison of Different Office Solutions

Which office-space option is best for you and your small business? When setting up a new office space, one has several options to choose from – ranging from moving into a rented office, taking space in a Business Centre, sharing space with another company, or taking up a virtual office space option. Yes, the are quite a few office space options for any given business, and each one comes with several choices, their own unique costs, advantages and disadvantages. So how does one decide what is best suited for the needs of his or her small business? It is important to factor in the total cost as well as look at the total lifetime cost of the office space option that you are selecting. But it is more important to select an office-space option without hidden costs. Far too often, a businesses will sign up for an office that carries […]

How to Create a Productive Office Space

January 19th, 2016|Comments Off on How to Create a Productive Office Space

There is always room in every office to boost productivity – but finding the right balance and setting is not always that easy. You want your staff to focus on their tasks, but they also need to collaborate to bring better ideas and results to the projects at hand. This is the challenge of trying to create a productive office space. It is often thought that to have focus in an office means having a quiet space, but quiet offices are not always the best environments for collaboration. Collaboration requires a very different environment than one meant for solitude. Collaborative office space is where employees can brainstorm, bounce ideas off one another, and make phone calls without worrying about disturbing those around them. In trying to create a productive office space, a balance must be struck between the need for a team to be collaborative and for some individuals to […]