Growing your small business is not as easy as you think – and it is not as easy as just throwing money back into it. Most often the way your business needs to grow is by adding team members to manage the operations and service your customers. Housing all your employees in one place is no longer necessary in business. These days the jobs done by your staff can be done remotely.

A great deal of small business owners avoid the thought of managing a virtualized workforce out of fear of losing the ability to track employee workflow and progress. But with the right guidelines and tools, that doesn’t have to be a concern. As a small business owner, you just need to establish your company’s core values and have clear and frequent communications with staffers. It’s easy to streamline workflow between onsite and remote employees.

So how does it work? You, as the small business owner, just need to put the plan in place and set up the guidelines. Sounds like a big job, but it does not have to be if you make it a process that is followed with every new remote hire.

The first step in making a remote worker fit is to get him or her comfortable with your company and your company goals and mission. Because of not needing extra office space or office furniture, a remote team can be set up quickly and easily at little to no cost. But having remote workers visit head office on a regular basis can keep them up with changes, and also give you a chance to watch them at work in person.

If you business is a retail outlet or you have a lot of personal contact with customers, you could consider opening another location to grow your business. It is not always easy to open a second location, but it can be if you have the business plan and management team to take care of the first location, while you are getting the second location up and running. This is especially true if your goal is franchise future locations. When you sell a franchise, you are selling your processes and procedures, so your second location has to be working first using those same procedures.

Before considering franchising your business, you might want to think about licensing your product or brand to other businesses. This can be an effective, low-cost growth strategy, particularly if you have a process service product or branded product. Before you reach out to potential licensees, be sure to have all your documents and agreements drawn up by a lawyer who specializes in intellectual property matters. A good legal document can save you a lot of hassles down the road and it will also minimize the risk of losing control over your product or branded service.

If franchising or licensing your product or service in a second location is not an option, consider product diversification. This means selling other products that are complimentary to yours. They could be your own new products or ones that you can buy wholesale and sell it alongside yours. For example, if you make and sell custom bicycles online, you might also want to sell bicycle helmets, locks, lights and other accessories that people need when they buy a bicycle. That example was a little simplistic, but check out how online retailers will suggest other complimentary products and add-ons when you are looking at a particular item.

There are other ways you can diversify your brand and your customer base – you just have to think of novel and efficient ways to do it. Back to the bicycle example. You could hold clinics and classes on bicycle maintenance and repair. You could offer a free clinic about basic repair to attract customers into paying for more extensive repair classes. Now you are seen as not only a maker, but as an expert. When diversifying, choose the right product or strategy that will not take your focus off of your core business. The only reason to take your focus off of you primary core, is if the diversification becomes more profitable and helps you grow even faster.

Another way to grow your business fast is to acquire or merge with a competitor or a company in your supply chain. If one of your competitors or supply chain partners is thinking of retiring or is in financial trouble, you might consider buying his or her assets and customer list. Piggybacking on an existing customer base can be a lot easier than trying to build a new one. This can be especially beneficial if the company you acquire or merge with has a completely different customer base than you currently have.

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18 King Street East Suite 1400
Toronto, Ontario
M5C 1C4 Canada
416-574-1112

18 King Street East Suite 1400
Toronto, Ontario
Canada M5C 1C4
416-574-1112

Site Designed By Giant Shoe Creative.

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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

Please check out our 70 second video on our home page or click here:

Take a look at our facilities www.telsec.net

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.

Ways to grow your small business quickly

Looking to Learn More?

How to find the perfect office space

Suggestions on managing the virtual office revolution

Ways to grow your small business quickly

Looking to Learn More?

How to find the perfect office space

Suggestions on managing the virtual office revolution

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