Ontario
British Columbia
Manitoba
Saskatchewan
Nova Scotia
New Brunswick
Newfoundland and Labrador
Alberta
Prince Edward Island
Quebec
Northwest Territories
Nunavut
Yukon
Canada
How to Open Your Business and Grow Your Business During COVID-19
May 28th at 10:07pm
You have two options during this COVID-19 – cower in fear, lament all day and accept defeat, or you roll up your sleeves, take a firm stand and fight it out head long. If you choose the latter, then this piece on how to open your business and grow your business during COVID-19 is for you. As far as anyone knows, coronavirus may miraculously disappear overnight or become a part of us, like HIV/AIDS. But rather than fold your hands to wait it out, you are here, looking for a way to earn money and stay in business, pandemic or…
SMALL BUSINESS COVID-19 SUPPORT FOR CANADA
March 26th at 9:02pm
The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. Extending the Work-Sharing program Canada is extending the maximum duration of the Work-Sharing program from 38 weeks to 76 weeks. The Work-Sharing program is offered to workers who agree to reduce their normal working hours because of developments beyond the control of their employers. Apply at https://www.canada.ca/en/employment-social-development/services/work-sharing/apply.html Providing small business with wage subsidies Eligible small employers a temporary wage subsidy for a period of three months. The subsidy will be equal to 10% of remuneration paid during that…
LOW INTEREST BDC FUNDING FOR SMALL BUSINESSES
March 12th at 10:47pm
The Business Development Bank of Canada (BDC) is a financial institution founded in 1944 that is wholly owned by the government of Canada, providing financial and consulting services to small and medium-sized Canadian businesses. It describes itself as the only Canadian bank devoted entirely to the needs of entrepreneurs, supporting small and medium-sized businesses (SMEs) in all industries and at every stage of growth with money and advice. Although the BDC provides its services to all small business, it focuses on the technology and exporting industries in particular. The BDC’s vision as stated on their website is “to make a unique…
TORONTO SMALL BUSINESS & TECH ENVIRONMENT GUIDE
March 4th at 7:53pm
The economy of Toronto is the largest contributor to the Canadian economy, at 20% of national GDP, and an important economic hub of the world. Toronto is a commercial, distribution, financial and industrial centre. Toronto is one of the most multicultural urban areas in the world. Each year tens of thousands of newcomers from around the globe choose our city as their new home. Their diverse cultures and communities have helped create Toronto’s identity as a vibrant global city. The Toronto Region is the economic engine of both Ontario and Canada and a critical driver of the North American economy. Home…
CANADA ALTERNATIVE FUNDING
February 29th at 5:39pm
What is alternative funding? The Alternative Funding market segment relates to digital financial services for business customers as well as private borrowers. The market includes bank-independent funding allocation for SMEs (Crowdfunding) and for personal funding (Marketplace Funding or so-called Peer-to-Peer funding) through private or institutional investors via online platforms. In view of processing complexity, this market is focused on small and medium-sized enterprises (SMEs), freelancers and private persons. Bank financing is not considered, neither are any financial aspects that reach beyond the scope of small and medium-sized enterprises or donation-based Crowdfunding models. The appeal of alternative funding to the general public and SMEs…
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…
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,…