TorontoJobs.ca Earns a Spot on the 10th Annual PROFIT HOT 50 Companies for 2009: How We Overcame the Turbulent Times

TorontoJobs.ca Earns a Spot on the 10th Annual PROFIT HOT 50 Companies for 2009: How We Overcame the Turbulent Times

Toronto, Ont. - September 8th, 2009 - TorontoJobs.ca, the leading locally focused online job board in the Greater Toronto Area, is excited to announce that we have emerged as one of Canada's fastest growing companies according to the 10th annual PROFIT HOT 50 ranking.

TorontoJobs.ca has been the definitive source for connecting Employers with Job Seekers throughout the Greater Toronto Area since 2005. Our local focus, advanced features, outstanding customer service and our strategic lines of business including: Online Job Board, Employment Newspaper, Recruitment Division and Outplacement Services have attributed to our success over the past five years.

"It is an enormous honor to be recognized as one of the PROFIT HOT 50", says Marc Belaiche, President of TorontoJobs.ca. "TorontoJobs.ca continues to strategically build our business based on the needs of companies to find the best local staff in the Greater Toronto Area. We service that need for small, medium and large companies through our multiple divisions and our one-stop shop setup."


The PROFIT HOT 50 is the definitive ranking of Canada’s Emerging Growth Companies. Published in the October issue of PROFIT magazine and online at PROFITguide.com, the PROFIT HOT 50 ranks young firms by two-year revenue growth.

"The PROFIT HOT 50 have achieved phenomenal growth rates despite a battered economy. Their success is a testament to their innovative approaches to satisfying the demands of the marketplace and managing their own companies," says editor Ian Portsmouth.

We at TorontoJobs.ca have put together a list of the top five things that have attributed to our success and growth over the economic downturn which we feel are a vital success to any small business. The top 5 include:

1. Staying in tune with changing trends, technology and the economy. With the continuing changes on the internet, it has become vital to stay on top of changes in the industry, keep a close eye on economic factors that affect business and ensure to have an aggressive edge by researching the competition, new technology and trends of demographics. Taking risks and keeping up with industry demands is important with today’s fast paced, unpredictable economy.

2. Always overestimate expenses and underestimate revenues. No matter how much a company budgets and plans there are always going to be situations where a company has additional costs that were not planned for and revenue goals that were overestimated. Always plan on spending more than expected and be conservative when budgeting for revenues.

3. Take advantage of free advertising available. There are a wealth of ways that a new business can advertise without spending a penny. Starting a business related Facebook Group, creating a group on LinkedIn, uploading videos on YouTube, Twittering about upcoming events, creating partnerships with other industry-related small businesses and creating monthly newsletters to communicate with clients are all incredible ways to grow your business at no cost.

4. Participate in networking opportunities. Join industry-related associations, Board of Trade organizations, local small business networking groups, etc. Introduce your business to as many contacts as you possibly can. Ensure to have your company information and business cards ready at any networking event. Present to industry association events. Creating relationships can be extremely beneficial to the future success of your organization.

5. Provide outstanding customer service. These days excellent customer service is hard to come by. Developing and training staff is one of the most important strategies that should be implemented into a business plan. Having passionate employees that understand the business and how they can meet the needs of clients will be a large factor to increasing revenues.

About PROFIT Magazine:

PROFIT: Your Guide to Business Success, is Canada’s preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a vast array of economic sectors have remained loyal to PROFIT because it’s a timely and reliable source of actionable information that helps them increase their revenues, boost their profitability and get the recognition they deserve for generating positive economic and social change. Published six times a year by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the chief executives of companies with 5 – 250 employees and annual revenue of $1 million to $25 million, reaching more than 300,000 readers across Canada. Visit PROFIT online at http://www.canadianbusiness.com/profit_magazine/index.jsp.