The Costs of Moving Your Business as it Grows

moving-your-businessAs you get your business up and going, you may find that working from your home office might not be the best solution. Besides not wanting to communicate your home address for security purposes, you also want to look professional by having a real business address. So what are your options and what will it cost you to move when you outgrow your first office?

Many home-based businesses opt for a PO Box which can provide security. However, a simple search on the internet of the main address will result in the person finding out that suite 101 is actually a postal box! This method of disguising a PO Box is well known – and anyone who does not want to deal with businesses using them will check. In the post A Virtual Office is Better than a PO Box you see that there are many advantages to a virtual office or mail-forwarding service over a PO Box.

Besides the cost of physically moving your office and your office furniture, you have to consider the costs of changing services and changing your business address on all your printed materials when you move. You also do not want to miss any mail while you give all your clients and potential clients your new address. So, you have to pay a mail-forwarding fee to the Post Office to change your address, but that is only temporary. Remember in this Internet age that old links to your business address usually need to be updated.

When it comes to your business NAP (Name Address and Phone number), keeping it up to date and consistent across the Internet is very important to your branding and the way that local searches help potential clients find you. If your NAP is not consistent, your search rankings could be effected. When you move and change your office address, not all old links will be updated, so you have to reach out to all the sites and review boards that have you business listed – and have them change your published business address ASAP. Sometimes sites who have listed you are not reachable, so the address they say you are located at cannot be changed.

So what are the answers to moving your your business without changing your business address?

In the early start-up phase of a small business, some business owners will choose to establish an almost permanent virtual office business address at an office business centre. This means that, regardless of where your business is physically located, your professional business address does not change. This method is very affordable and can even act as a central reception for your business phone calls and courier packages.

Telsec Business Centres has clients that have started off using virtual office services, such as their mail service and telephone/mail services, who eventually became office-for-rent clients. These clients were able to move out of their home office and into a physical office space without having to change their address or business phone number. In an office business centre, clients know they can grow and take more office space without any changes to their NAP.

One of Telsec’s office clients wanted to move his physical office space closer to home in the suburbs, but did not want to lose the prestige of having his office located at 1 Yonge Street in Toronto. He downgraded from being an office tenant to being a virtual office client without needing to change his address or phone number. All his calls still come through the central reception and are directed to the extensions of the right people, without the client having to hire a receptionist at his new physical office location.

Even foreign companies needing a central business address in Toronto will use an office business centre for a Canadian business address, but have their phone calls directed to their business in another country using a VoIP (Voice over Internet Protocol) service. This gives them a Canadian identity and a local phone number without actually having employees in Canada. The company could also use our VoIP service and save long-distance and other phone expenses as well as establishing the company phone number moving forward.

Conclusion?

One of the biggest problems for a business is getting just the right amount of office space to accommodate growth or alternatively, downsizing. A business centre enables you to establish a permanent address and phone number. Also, it is important to note that most business centres can easily accommodate your growth without searching for a new location – not to mention the moving expenses and lost business due to people losing track of your location.

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Hotels

1. Jennifer Smith
General Manager
The Omni King Edward Hotel
37 King Street East
Toronto, ON
M5C 1E9
Tel: 416-863-9700
Website: www.omnihotels.com/hotels/toronto-king-edward

2. Mark Perry
General Manager
Executive Hotels and Resorts (Boutique)
8 Colborne Street
Toronto, ON
M5E 1E1
Tel: 416-350-2419
Website: www.spazen.ca or www.cosmotoronto.com

3. Emeline Boul
General Manager
Hotel Victoria (Boutique)
56 Yonge Street
Toronto, ON
M5E 1G5
Tel: 416-363-1666
Mobile: 647-574-5832
Website: www.hotelvictoriatoronto.com

4. Omkar Sawant
Reservations Manager
One King West Hotel
1 King Street West
Toronto, ON
M5H 1A1
Main: 416-548-8100
Reservations: 1-866-470-5464
Website: www.onekingwest.com

5. Van Nguyen
General Manager
Cambridge Suites Toronto
15 Richmond Street East
Toronto, ON
M5C 1N2
Direct: 416-601-3757
Hotel: 416-368-1990
Website: www.cambridgesuitestoronto.com

Restaurants

1. Michael Pagliaro
Carisma (Italian)
15 Toronto Street
Toronto, ON
M5C 2E3
Tel: 416-864-7373
Website: www.carismarestaurant.com

2. Patti Shaw
Terroni (Italian)
57 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-203-3093
Website: www.terroni.com

3. Declan
Restaurant 20 Victoria – Michelin guide approved
20 Victoria Street
Toronto, ON
M5C 2A1
Tel: 416-804-6066
Instagram for reservations: https://www.instagram.com/twentyvictoria/

4. Mana
Nami (Japanese)
55 Adelaide Street East
Toronto, ON
M5C 1K6
Tel: 416-362-7373
Website: www.namirestaurant.ca

5. Restaurant Lucie
100 Yonge Street
Toronto, ON
M5C 2W1
Tel: 416-788-9054
Website: www.restaurantlucie.com

6. Niam H
Cantina Mercatto
20 Wellington Street East
Toronto, ON
M5E 1C5
Tel: 416-304-0781
Website: www.cantinamercatto.ca

7. Siva Sathasivam
Uncle Tony’s
38 Wellington St E
Toronto, ON
M5E 1C7
Tel: 416-455-6650
Website: https://uncletonys.ca/

8. Pizzaiolo
104 Yonge Street
Toronto, ON
M5C 2Y6
Tel: 416-860-0700
Website: www.pizzaiolo.ca

9. Robin Singh
Woods Restaurant and Bar
45 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-214-9918
Website: www.woodsrestaurant.ca

Health and Wellness

1. Thom Tullo
Morpheus8 by Inmode
47 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-863-6564
Website: www.amanspa.ca

2. Altitude Athletic Training
56 Colborne Street
Toronto, ON
M5E 1E3
Tel: 416-366-3838
Website: www.altitudeathletictraining.com

3. Physioheath Studios
33 Victoria Street, #130
Toronto, ON
M5C 2A1
Tel: 416-368-2525
Website: www.physiohealth.com

Our Amenities

We are by far the most experienced and best coworking team in the market – established in 1980

  • We are the highest Tech centre in the market
  • We have a very modern, high quality, brand new facility located at:

   18 King Street East, Suite 1400

      Toronto, Ontario   M5C 1C4 Canada

    • 18 King Street East is a boutique Class A building – East of Yonge: easy street parking, less traffic, excellent restaurants and lovely parks – St. James Park @ Church & King and Berczy Park @ Wellington East, Scott and Front Streets – Very high energy and engaging area
    • A few steps (a few seconds) to the Yonge Street subway/underground PATH network and streetcar available outside building
    • Building is located in Toronto's vibrant financial district
    • Plenty of parking available in the area including street parking and reserved parking in the 18 King building 
    • Adjacent to the building huge outdoor food courtyard - Beer Bistro www.beerbistro.com and Craft Beer Market www.craftbeermamrket.ca restaurants and bars with onsite catering services
    • Onsite amenities:  Tim Horton's, Beer Bistro, Convenience store and Starbucks across the street 
    • Nearby amenities:  underground PATH network, numerous restaurants, banking, Starbucks plus a wide array of nearby shops and services 
    • New modernized office layout fully furnished with meeting spaces and training rooms plus café lounge area
    • We are leaders in the service of training/meeting rooms with full conference facilities, high quality hot and cold catering
    • Largest training room and conference facilities accommodate up to 60 people classroom style
    • Ultra-high-speed - 1 GIG pipe = 1,000 x 1000 fiber-optic network, which will deliver internet connection speeds faster than most North American services
    • Private shower room
    • Indoor Reserved Parking at the current building rental rate
    • Bicycle parking
    • Rent a space to accommodate your team for meetings, training sessions, corporate events or coworking space or flexible office space for one day, one week, one month or one year, or whatever term suits your business
    • Telsec has over 650 locations in 40 different countries worldwide available for their clients.  Office clients receive up to 8 hours of meeting space per month at no charge at any ABCN member location.  Plus, Office and Virtual Office clients may rent a space from any member location at special member rates which varies depending on the location 
    • King Edward Hotel is located across the street - recently completed a $40 million renovation and boutique hotels close by within walking distance
  • Dining and entertainment at high quality restaurants only minutes away – Carisma, Terroni, Woods Restaurant & Bar and Michelin Rated - Restaurant 20 Victoria. Plus numerous lunch and takeout eateries nearby

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Telsec will Customize Your Client’s Office(s) Layout to Meet Their Requirements

You are welcome to drop-in any-time, a quick call would be appreciated to ensure our availability Vanessa 416-574-1112 or Josie 416-606-4349 or e-mail josie@telsec.net.