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 [...]
Why is a Mail Forwarding Service Better Than Post Office Change of Address Mail Forwarding?
When you are just starting out your small business, or when your business begins to grow, you will probably need to change your business address. You might need to change it once, twice or even more times – depending on the type of business, the type of location, or what your future office space needs and requirements are. With that in mind, it’s essential to understand how to protect your business from losing mail after conducting a post office change of address service. Sometimes, clients will use your old address without realizing you have moved, and your mail will get lost in the process. But using a mail forwarding service can stop this from happening. Learn how to forward mail in Canada, how to complete a post office change of address in Ontario, and why third-party mail forwarding services are better than Canada post mail forwarding services. What is a […]
What is Telecommuting in a Virtual Office Space?
Many experts say that excessive traffic congestion on roads and surging infrastructure costs in almost all the major business cities of the world are forcing companies to adopt “virtual office” models in order to telecommute [...]
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 [...]
Best Dining Spots for Client Meetings in Toronto
Lunch meetings help in building a positive relationship with your business clients. It is a semi-professional setting where you can discuss new business avenues with the client while building camaraderie. You may have seen Don [...]
Benefits of Virtual Office Space during the Pandemic
The pandemic has forced organizations and start-ups to move operations to the virtual world. This has increased the demand for virtual office spaces, especially in the start-up and small business community. Virtual office spaces have [...]
Advantages and Disadvantages of Virtual Offices
Being that we write about the advantages of virtual offices all the time,it is quite easy for us to point out the various and many advantages of a virtual office. When it came to finding disadvantages to virtual offices, so we had to scour the internet looking for disadvantages. The disadvantages we found were mostly in respect to employees that telecommuted through a virtual office.
How To Effectively Structure & Run A Client Meeting
Getting off to the right start with a client can make or break a business deal. Whether you are self-employed or a small business owner, client-relations are an essential part of your job responsibilities. Therefore, [...]
How To Handle Returning To Work
How do employees feel about coming back to the office? Nervous, excited, worried? What’s your plan for keeping people safe and keeping your business profitable? There is a divide between returning to the office and [...]
Helpful Office Cleaning & Safety Tips
Having a clean and neat office space is an essential part of helping to keep yourself organized, a relaxing space to work in, and lastly a clean office is a more sanitary office. A clean [...]
Transitioning To A Virtual Office
Preparing to transfer your business to a virtual office So you have decided to make the switch from your traditional office space to a virtual office. This is a great way to save some money, [...]
Things are changing around Yonge and Queen’s Quay – but Telsec is here to stay
If you haven't been down to the Harbourfront area of Toronto in a while, you'll be quite surprised at all of the changes that are happening from Yonge Street to Parliament Street along Queen's Quay. [...]
Coworking versus Shared Office Space: Which is better for your small business?
Coworking has been all the rage for the past decade, but there’s a lot that small business owners don’t know about the differences between coworking and shared office space facilities (also called office business centres [...]
News Roundup for SME Businesses & Startups
Facts About Trademarks You Might Not Have Known You’ve likely heard of trademarks, “words that distinguish one organization from the rest in its niche,” the author says, but you may not have known seven facts about them. Besides the fun fact that trademarks have their roots in the Roman empire, the other six have some bearing for entrepreneurs and businesses looking into establishing their own: you can trademark more than words, such as designs; you cannot trademark descriptive phrases; forming a business entity is not the same as acquiring a trademark; trademarks are distinct from copyrights and patents; your trademark application could be rejected; and finally, trademarks are national rights, which is important if you intend to take your business international. Netflix Avoids Rules Like the Plague. Here’s What It Does Instead In his new book “Great Leaders Have No Rules”, the author (Kevin Kruse) cites Netflix for its success […]
Overcoming the Pitfalls of a Virtual Office
The virtual office has come a long ways since Telsec Business Centres’ was established in 1980. A business using a P.O. Box for its address was not really looked upon as a negative and several Fortune 500 companies used a P.O. Box for customer enquiries and transactions. The remote office and workforce has become widely accepted as major corporations begin to adopt coworking office space as their primary means of providing employees’ a workspace and support staff. Coworking leverages the flex time (employees choose their working hours) component and ability to do some work at home that millennials are favoring. This has saved these companies a lot of money in real estate and support staff costs. Why a Virtual Office? A virtual office takes coworking to a whole new level with the ability to have all work done by a remote workforce. Many digital marketing companies use a virtual office […]
Will Flexible Workspaces Disrupt the Traditional Satellite and Branch Office Markets?
In our introductory post to Flex space solutions post “Flexible Workspace what is it and who benefits?” we explained flex space refers to office space provided outside the “conventional lease” markets. In Toronto, this includes coworking space, most business centres and shared office space providers. As corporate businesses learn more about how the flex space networking culture and entrepreneurial environment affects their employees and see the results, flexible workspace has the makings of becoming a long-term trend in this segment of the office space market. When you dig, you see there is far more driving the move to a flexible workspace by corporations than to a cheap office space. Why Flexible Workspace is Tailor Made for Satellite and Branch Offices To move employees from corporate headquarters to a satellite or branch office requires a lot of time and energy from managers and support workers to procure, furnish, decorate, and outfit an office space with […]
Shared Office Space Toronto
Shared office space in Toronto can come in several forms with a variety of payment terms, overhead and types of office space being shared. The list includes: Coworking office space Traditional office space where 2 or more businesses share the office expense Semi-private Office in a Business Centre where 2 businesses share an office Team office space is a larger office shared by several employees of a single business Flexible workspaces The Pros and Cons of Coworking Shared office Space Coworking office space is like a business centre that charges a monthly membership fee rather than a monthly rental fee. More networking opportunities are perceived to be one of the advantage, however, at telsec we have seen that there is also a sense of community and collaboration in our business centre. The biggest advantage that coworking provides is in the low costs and use of shared business equipment and support […]
How & Why Big Business Will Drive Coworking Office Space Growth
Coworking & Flexible Workspace: Will It Be the Death of Traditional Offices? Since coworking and flexible workspace became a trend a few years ago, office space design has been the subject of much speculation and discussion. Business sites like Inc., Entrepreneur, Harvard Business Review and Forbes have featured numerous articles about the latest and greatest coworking/flexible office space designs, and of course, we at Telsec Business Centres have discussed alternative office space options for several years now, as providing office space in its many variations is both our specialty and service. Here we continue the conversation about coworking and flexible workspace from the perspective that not only does it make good business sense for entrepreneurs, startups and SME businesses, but it also represents a cost-effective solution for corporations and larger businesses. In fact, corporate and larger businesses will be the driving force behind the growth of coworking/flexible workspace, as […]
Alternative Office Space: A Better Way to Conduct Your Business
Why Home Offices Should Move to an Alternative Office Space It’s true: working from the comfort of your home may be an idyllic scenario for those who are self-employed, or for online entrepreneurs running a small business with only a handful of remote employees. Depending on where you live, a home office can also spare you the time, expense and hassle of a commute. However, it’s also true that working from home has its drawbacks — and many more than you might expect, if not already experienced. Here, we explore why you should move your office from your home to an alternative office space, such as a shared, traditional (private or semi-private), or coworking space — or at the very least, consider renting a virtual office. De-Romanticizing the Home Office: A Reality Check When discussing their decision to move their business from a home office to a private or […]