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HOW TO FINANCE THE PURCHASE OF A BUSINESS
February 27th at 10:09pm
Buying a business?… Many entrepreneurs choose to buy an existing business rather than start one from scratch. There are many benefits to buying an existing business. You’ll already have an established customer base, knowledgeable employees and reliable cash flow. Financing the purchase of an existing business is different from financing a new business. Because an existing business already has a track record of success, it’s often easier to get funding for this type of investment than for a brand-new startup. To determine which financing method is right for you, you’ll want to consider how much you’re willing to both invest and…
BEST BANKS FOR SMALL BUSINESSES IN CANADA
February 21st at 10:41pm
It is critical when running a business that you avail of the services of a bank. Many businesses have a bank but do not have a banker. Nurturing a good bank relationship can lead to various benefits for your business that can help it grow. Many institutions claim they have the best banks for Canadian small businesses and entrepreneurs. However, there are so many different options that choosing the best banks with great options for small businesses is a difficult task. Along with the well-known, established ‘Big Five’ Canadian banks—Scotiabank, TD, BMO, RBC and CIBC—there are also newer, online-only banks that offer…
BEST BUSINESS IDEAS IN TORONTO
February 15th at 5:11pm
Toronto is one of the greatest cities in the world to do business,consistently ranked at the top when it comes to global competitiveness, innovation and quality of life. Very few cities in the world can offer such multi-sector strength, depth of talent and a driving economic and financial engine. HERE ARE SOME GOOD REASONS TO START A BUSINESS IN TORONTO Population With 2.8 million residents, Toronto is the 4th largest city in North America. One-quarter of Canada’s population is located within 160 km (100 mi.) of the city and more than 60% of the population of the USA is within…
RUN A SUCCESSFUL BUSINESS: WHAT EVERY BUSINESS OWNER SHOULD KNOW
February 13th at 10:59pm
Most successful entrepreneurs have worked in the industry they start their business in, in a related industry, or are very familiar with the products, services, and problems through personal experience. Success requires courage. It takes courage to start and persevere in your own business. In some ways, starting is often the most difficult part of the whole journey. Remember that courage is really 50 percent fear. Being courageous means having a goal that you believe in. The more deeply you believe in that goal, the more fear you are willing to overcome. Know your business Financial Metrics. Understanding your business’ financial metrics,…
FINANCING OPTIONS FOR YOUR STARTUP IN CANADA
February 6th at 11:44pm
If you need some funding for your small business then you may be wondering where to start, as well as how to find, the best options and most competitive rates (especially when you’re browsing through small business funding options). Indeed, getting funding for your startup can seem like a daunting task. At the same time, there are a variety of financing options available if you know where to look. Luckily, we’ve done the research for you. Apply Now with SharpShooter Funding Where to Find Startup Funding in 2020 Startup financing funding. Canadian startups can apply for startup financing funding through the Business Development Bank of Canada (BDC). This funding…
ROADMAP FOR SMALL BUSINESS SUCCESS
January 28th at 9:42pm
Many people see the beginning of a business as just having one good idea, but to actually reach success and draw investors, a lot more hard work is needed. Writing and setting up a business plan is crucial to start your business. Think of your business plan as a roadmap to success. It’s a living document that should guide you through the startup stage and prime your business for successful growth. It can also help you obtain funding by highlighting why your business is a valuable investment. Show potential partners that you’ve thought through your business concept and you’re confident…
HOW TO START YOUR OWN BUSINESS IN CANADA
January 21st at 10:15pm
Thinking about starting a new business? Running a company can be an amazing adventure, and it can even give you more security than a regular day job. Being your own boss may sound like heaven on earth, but what you have to remember is that it’s still a lot of hard work. A great business exists where what you love meets what other people will pay for. Before you leave your day job to start a new company, be sure that your product or service has a market. Entrepreneurs know that establishing your identity as a business involves more than…
TOP TORONTO STARTUPS
January 18th at 4:44pm
Toronto is known throughout Canada as a business powerhouse. It provides a whopping 10% of Canada’s entire GDP and has one of the world’s most reliable banking systems. Toronto is one of the most business-friendly places in the world. Statistics shows the number of active startups in select Canadian cities as of 2017. In 2017, the Toronto-Waterloo startup ecosystem had an estimated 2,100 to 2,700 startups operating. Toronto has become a major centre for artistic and creative industries such as film, design, music, movies and video games. It consistently vies with the much smaller city of Vancouver on the west coast for the title of Hollywood North and Silicon Valley North. Here are some of the…