When does a home-based business need a location?

If you have to work for 80 hours a week just to keep your business afloat, then you are not profitable. Some entrepreneurs blow through the earliest stages of their company’s growth by putting all their energy and time into their businesses at the expense of their own health and personal relationships. Part of the reason for this is that they are working from home – and the line between home time and work time often becomes blurred.

The fact remains that two out of three companies begin in a spare bedroom, garage, basement or sometimes even a bathroom (we did not ask about this one when we were told about it). Sometimes the choice of operating your business from home is taken away from you by zoning bylaws. Many cities and many counties have zoning ordinances that limit, to one degree or another, whether you can operate a business from home. This is why you need to do your ‘homework’ so to speak, before you start your business from home.

So when does a home-based business need a location? From the very beginning of the business! Regardless of what type of business you start, you need to register it. Having a business address will give you some flexibility if the address is not your home address. This is especially true if you plan to move a few months, or perhaps even years, after starting out. A virtual-office mail service can give you a professional business address that remains constant, even when you want to stop working from your home. Having your business registered at an address that is professional, will not only help your image, it can also help you with establishing and maintaining an address on your Google My Business account.

Office business centres that offer virtual office solutions can be a great place to give you an address to register your business. But these centres can also be a great place to grow your business. When it comes time for your business to take actual physical office space, you can move into an office at the same business centre you currently use as your business address – without having to change that address.

As your business grows and you need more office space, a business centre can help to accommodate your growing needs by offering more space within the same facility. Even if your organization outgrows what the business centre can offer, you can still have the continuity of the same business address without needing physical office space at that location. Telsec Business Centres has several clients that started off as home-based businesses utilizing the virtual-office package, and grew into office space at Telsec, only to find they needed their own office space. Instead of changing their address or phone numbers, they kept their address at 1 Yonge Street (again utilizing virtual office services) and moved their physical offices and staff to a non-downtown facility. All their mail and telephone reception is still handled at Telsec and forwarded to their new location.

Let us show you an example of a home-based business that needed a location:

Dave (not his real name) had a somewhat successful home-based business in the import industry that did not require him to handle physical products, as they were drop-shipped to his customers. One day while trying to acquire the exclusive Canadian rights to distribute a certain product, the product manufacturer would not acknowledge him because he was not a federally registered business entity. In order to get a federal business license, Dave would need a business address.

While visiting a friend at their business (located within Telsec), Dave found out that he could register his business at 1 Yonge street by signing up for virtual-office mail service. He signed up for a virtual-office solution and then registered his business at his new business address.

Fast forward a few years. Today, Dave not only acquired the Canadian rights to many products, but his staff increased and he needed office space that was not in his home and took additional office space at Telsec. As his sales and distribution staff grew, he realized that he needed a site that would accommodate an office and a small warehouse. Not wanting to change his address or phone numbers, Dave went back to being a virtual-office client at Telsec and kept his head office address at 1 Yonge Street.

Dave is only one example of how a home-based business that needed a location worked. There are other similar situations. Take Rita (again not her real name) for example. She was running a small business tax consulting service from her home. For self security and meeting clients in a professional environment, she came to Telsec for shared offices that also gave her access to meeting rooms in a downtown location. This allowed her to do most of her work out of her home office, but also gave her a location to expand her client base.

If you are running a home-based business, consider growing your business at a professional office business centre like Telsec. Even if you are not located in Toronto, our staff are more than willing to help you find a business centre close to where you are.

Looking to Learn More?

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

         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.