Canadian Small Business Tax Tips
Navigating small business taxes can be a daunting task for many entrepreneurs and small businesses in Canada. Having a plan and being informed can help alleviate some of the pressures of doing your business taxes. There are a few things business owners can do to optimize their tax strategies to minimize liabilities and maximize returns. Here are some of our tax tip suggestions below: Keep Accurate Records Maintaining detailed and organized records is crucial for small businesses to track income, expenses, and deductions accurately. Use accounting software or hire a professional accountant to keep your financial records up-to-date throughout the year. This will not only streamline the tax filing process but also ensure compliance with Canada Revenue Agency (CRA) requirements. Claim Small Business Deduction The Small Business Deduction (SBD) allows eligible Canadian-controlled private corporations (CCPCs) to benefit from a reduced federal corporate tax rate on their active business income. To […]
Incorporating Your Small Business
There are many pros and cons of incorporating a small business, depending a lot on individual situations. For some small businesses, the question may not be if, but when they should incorporate
What is flexible working?
A flexible workspace is like a chameleon of the office world – it adapts to fit the needs of your business and your employees. Picture an office that isn’t tied down by any traditional office cubicles or fixed desks. Instead, it’s a dynamic work environment where people can choose where and how they work best. A lot of coworking spaces have open floor plans, cozy nooks, and many different types of conference and meeting rooms. Not only does workplace flexibility give employees and staff more freedom, but it gives business owners and freelancers the chance to use these spaces too. Not every business needs a brick and mortar storefront to get started which makes flexible work offices convenient and easy. What Is Flexible Work? Flexible working arrangements can come in different shapes and sizes. It allows business owners and employees to have more control over when, where, and how they […]
How to Start an Online Business
Starting your own service-based business from home comes with plenty of benefits and perks. When you’re a business owner, you can avoid the 9-5 work-life and be your own boss, while working on something you’re passionate about or skilled at. Service-based businesses make up the majority of profitable businesses: they require low investment and can allow for high profits and ROI. The trick is to find the knowledge and skill set that you have that others will pay for. The Benefits of Starting a Business Online In a lot of ways, the internet has leveled out the playing field for small businesses around the world. Generally speaking, creating an online business is straightforward and easy, and can have many benefits. We break them down below: Lower Overhead Costs Cost reduction is one of the top benefits of starting an online business, however, this can also depend on your business model, […]
How to Build and Host Your Own Webinar
Since the rise of remote work, webinars have become more and more popular. Because companies are leaning towards virtual events, learning to host an effective presentation is essential. If you’re new to webinars or want to brush up on your skills, check out our guide below and check out our top tips. What is a Webinar Host? A webinar host is the main person in charge of running a webinar. As a host, you will have all the permissions to manage the webinar on the back end, the panellists and the attendees. In general, there can only be one main host that does most of the presenting and questions. You can also stop a panellist’s video, remove attendees from the webinar and much more. Here is a brief break down of their main roles: Welcome the webinar guests Troubleshoot any setbacks Introduce the keynote speakers Represent the brand Lead the […]
How to promote a networking event
Understanding how to promote your network is key for your event’s success. Whether you’re planning a charity event, business networking cocktail hour, reception or educational conference, getting the word out about your meeting can be a challenge. To properly promote an event, planners need to target potential attendees by using a variety of media. What is a networking event? A networking event is a gathering or occasion where employees or individuals from different professional backgrounds and industries come together to learn, develop or maintain relationships. These types of events offer opportunities for people to connect and seek potential collaborations down the road. How to encourage attendees to go to your event Events are no longer just about listening to keynote speakers and watching a Q&A. They’re about making connections and networking with others in the crowd, while making a lasting impression on your attendees. When attendees leave your events, you […]
The 4 benefits of hiring a freelance writer
Companies and marketing departments of all shapes and sizes hire freelance writers to help with their brand voice, blog and website management and upkeep. If you’re trying to scale your content marketing strategy without hiring an in-house writer to keep costs low, then taking on a freelance writer could be the option for you. What is a freelance writer? Freelance writing encompasses various specialties that cater to different needs. Freelance writers often market their skills in specific areas that play to their strengths. So, if you need writing for a particular project, then hiring a freelancer is a great solution. Here are some types of freelance writing: Content writing: Create engaging and informative content for websites, blogs and social media. This can include articles, blog posts, listicles, how-to guides and much more. Copywriting: Crafting persuasive and compelling copy for marketing materials, advertisements, sales and landing pages, product descriptions, and email […]
An entrepreneur’s glossary to some common business terms
We’ve compiled a glossary of common business terms and acronyms related to entrepreneurship and small businesses. Some of this business terminology may be familiar to you while some you may have only heard in passing without knowing what it meant. Whatever your experience level or familiarity with these business terms, our business terms glossary covers the most commonly used business terms and their definitions. So without further ado, here are some business terms every professional should know. Advertising Advertising is a type of marketing for businesses that helps increase sales and raise awareness to your target audience. Marketing includes paid announcements, radio, television, PPC (pay per click), billboard ads, newspapers, posters and magazines. Current and future customers can form their own opinions on your brand from your marketing strategies, so it’s important to make a positive impact. Angel Investors An angel investor is a wealthy person (they often work in […]
How To Create & Take Meeting Notes
Taking better notes is a key business skill that will improve your communication with coworkers and clients while also creating a meaningful record of knowledge for yourself and others. Whether you are taking notes for [...]
You Can be a Coworking Nomad
Imagine a utopia where working professionals are no longer tethered to one main location and office space and aren’t limited by distance. For many entrepreneurs, this type of working life is a reality. So, how can more workers make this their everyday life? Working remotely has become more and more popular and has opened up doors for many different types of professionals. Whether you’re trying to start your own business or simply make money while exploring the world, choosing the digital nomad route might be for you. In this guide, we break down how you can become a remote worker in a way that fits your lifestyle. What is a digital nomad? Sometimes, the word nomad can have a certain connotation. However, in terms of being a digital nomad, this means professionals go from location to location and stay connected digitally. Digital nomads use modern technology and communication to perform […]
The Many Benefits of Virtual Offices
Virtual offices provide flexibility to remote workers and employers by performing various business tasks and functions. They’re a cost-effective and flexible way for professionals to work from wherever they want while having a business address at a central location. In this guide, we outline the top benefits of virtual offices. Cost effective A traditional office space can quickly put a dent in your wallet. Whether you lease or purchase an office, the expenses will still generally be higher than a virtual office. One of the many benefits of virtual offices is there’s zero investment or risk involved. Skip the rental or lease agreements and office setup and enjoy the extra money on a monthly basis. Professionalism Depending on the type of business you run, listing your home address on your website, brochures or stationery can appear unprofessional to your clients. One of the many perks of a virtual office is […]
Everything you need to know about flexible office spaces
Flexible office spaces are taking the world by storm, and it comes with no surprise since it has countless benefits to offer. In this article, we will explore Telsec’s flexible and collaborative workspace options to [...]
Working From Home can get Very Lonely, so how can you Fight it?
Since the outbreak of COVID-19, the number of people working from home has skyrocketed. While the number of individuals working from home was on the rise even before the pandemic, these numbers have only continued to grow since. One of the biggest complaints from people who work from home or from home-based small businesses is loneliness. Studies cite loneliness as one of the key psychological issues people face when working from home. This is often due to the fact that many people who work from home and those who start small businesses from home are unprepared for an isolated working environment. In this article, you will learn more about the effects of working in isolation and how to combat loneliness when working from home. What is Working From Home Loneliness? Working from home loneliness refers to a gradual onset of feelings of loneliness that people experience when they’ve worked in […]
Building More Influence on Social Media
Building greater influence on social media is more about giving back to your customers than promoting your product or service. It’s about building relationships and showing potential customers that you are providing them with more than just a product or service. You need to show them that you want to help. Helping your potential clients does not always mean finding ways that your product or service can assist them. It can be as simple as sharing business, marketing, or online expertise that has nothing to do with what you sell or promote. It’s about building brand loyalty and trust between your customers and yourself. Doing this can put your brand at the top of their mind when they are looking for the types of products you sell or the services you provide. Telsec Business Centres rarely creates posts about its office space options or its virtual office products. Nevertheless, it […]
The Advantages and Disadvantages of Co-working Offices
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
How to Onboard New Staff Remotely
When new hires receive proper employee training from the beginning, they have more chances of becoming successful in their position. However, as most managers know, training employees online can be stressful to say the least. [...]
Differences Between Coworking and Business Centre Office Solutions
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 […]
How to start a home-based wholesale or manufacturer distribution business
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 […]
Virtual Assistant Services: Should Business Professionals Use Them?
Currently, many businesses use modern technology like virtual offices and telecommuting to get more done without physically being somewhere or meeting someone face to face. Small business owners and entrepreneurs can also take advantage of [...]
Virtual Telephone Services
If you find yourself dreaming of a virtual receptionist because you're staying glued to one location in order to avoid missing important calls – you may want to look into virtual phone services. They would [...]