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Are Business Centres the Office Workplaces of the Future?

By |2021-11-05T14:36:24-04:00June 9th, 2016|Boardrooms & Meeting Rooms, Growth & Innovation, Shared Office Space|

The future of the workplace is more work and less place, especially given the impact of new technologies and the changing demands of a new generation of workers. Even with some employees working full-time or part-time at home or in other remote locations, there still needs to be an office for the business. One trend in corporate offices today is to have fewer and smaller individual workspaces and a greater portion of the workspace dedicated to interactive and collaborative uses. Companies are changing the functions of the workplace more toward intense interaction spaces. Office space is being optimized for all types of collaboration, including space to bring remote workers into the office on a schedule. Even having remote workers come into the office a few times a month for meetings and team-building exercises requires a flexible workspace that can be changed or reconfigured when needed. Traditional office space with cubicles […]

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Reasons why your business growth has plateaued – and how to fix that

By |2024-01-04T15:30:57-05:00May 24th, 2016|Growth & Innovation, Shared Office Space|

Do you remember the story about the little train that could: “I know I Can, I know I Can.” Well, many entrepreneurs think that positive attitude is what will fuel the growth of their small business. Unfortunately, it is not not a lack of positive thinking that stalls business growth; it is not having the right business mindset to look within to change things for the better. The first step to continuing growth is to see and admit that your small business has reached a growth plateau – and the earlier the better. The second step is not to make uninformed decisions – such as throwing more money behind advertising, aggressive marketing and promotions. Also, avoid trying to pour more cash or investments into your business until you know what is really causing your plateau. You might not need to make a big spend or to invest more money. You […]

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Business Centres: Watch out for Hidden Costs!

By |2024-01-18T11:14:16-05:00May 12th, 2016|Growth & Innovation, Shared Office Space|

The concept of service offices and business centres is great for small business owners who do not want the capital expense costs of opening an office in traditional raw office space. However, some serviced offices come with hidden costs that business owners do not expect. When renting an all-inclusive office space, make sure that you know in advance what is and what is not included before you sign the rental agreement. Unless you know all the facts, you may sign up for a serviced office space, believing it to be at a fixed price, only to find that there are hidden costs added. What are the hidden charges in a serviced office? Here are some essential questions to ask the business centre provider before signing up for a serviced office package. Are there set-up costs or charges? You need to ask about any set-up costs that might be incurred when […]

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Serviced offices might just be your best flexwork solution

By |2021-06-30T17:57:10-04:00April 26th, 2016|Shared Office Space|

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 […]

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Canadian businesses are having a 30% off sale – well, almost!

By |2023-12-14T14:57:29-05:00February 19th, 2016|Shared Office Space|

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 […]

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Why Your SMB Should Consider an Alternative Office Space Before Getting Locked Into a Lease

By |2024-01-18T11:30:27-05:00December 8th, 2015|Office Space, Shared Office Space|

It is no big secret that money is a major concern for many start-ups and small businesses. Office space can be a drain on resources for any business, large or small. Office space can put a lot of strain on the principals, since most landlords of commercial real estate will demand 3-year to 5-year lease terms and personal guarantees when trying to rent or lease an office to a small business or company with a short history and a short track record. This is not a decision new companies who are looking to grow can afford to make without looking at all the office-space solutions available. Generally speaking, any business that has office space will find that its office space is one of the highest fixed costs that they have each month. As a small business trying to get started, they need to be thinking creatively about what their office […]

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Virtual Office or Brick-and-Mortar Office: Which is Better for Your Small Business?

By |2021-11-05T16:39:42-04:00December 3rd, 2015|Shared Office Space, Virtual Office|

There comes a time when every small business needs to move out of a home office, or at least have a professional business address. When that time comes for your small business, you need to decide if you want a virtual office or a brick-and-mortar office. In order to make this decision, you need to understand the value of both options and see what works best for your business. One of the first steps in deciding between a virtual office or brick-and-mortar office is to establish your needs and your budget. Do you want to spend $30/month for just a business address, $75/month for an address and phone service, $225/month for a shared office, $350/month semi-private office, $495/month for a private office or $900/month for an upscale window office? The next step is considering options if you need to meet clients in person. If you expect potential customers will be […]

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The Professional Image Of Your Small Business Begins With You

By |2021-11-04T14:58:03-04:00November 4th, 2015|Boardrooms & Meeting Rooms, Shared Office Space, Virtual Office|

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?

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Sometimes Choosing an Office Space Location is not Just About Geography

By |2023-12-12T13:48:38-05:00October 28th, 2015|Downtown Toronto Office Space, Shared Office Space|

Yes, the tried-and-true statement in business is often “Location, Location, Location” in terms of the address where you locate. But that is not the only factor that you need to consider when choosing an office space location. Sometimes choosing an office space location is not just about geography and the physical location of your office. There are a number of other factors you need to consider. Your office location is not only important to your customers and visitors, but it is also important to your staff. Hiring and retaining good employees can partly be due to the office location and preferred working environment of your staff. Look at Google Canada in Toronto. A few years back, Google moved from its suburban Mississauga location to office space in downtown Toronto. Why? Because they found that the young talent they wanted to attract preferred to live in downtown and not have to […]

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