Your Business StageYour Business Stage
Unique supplier deals
Your business is built on vendor relationships. While some vendors are mission-critical suppliers of products and services essential to your output, other vendors may play more of a supportive, quieter role by providing things that make your business hum behind the scenes.
Where start-ups spend their money
Like renovating a house, it’s easy for new business owners to get caught up in the excitement of the project and exceed their start-up budget.
Why you should embrace your competitors
Every entrepreneur occasionally dreams about what it would be like to run a business without competition.
Tips: Affordable business space
Whether you are starting or growing your business, you’ll need some space to operate. And, naturally, you’ll want to save money on whatever space you inhabit.
Registering a business name in Canada
By Roger Pierce,
Like naming a new baby, it’s fun to think up names for your new business.
Is your business on the right path?
Keeping your business running on a daily basis requires you to pay close attention to a lot of details. However, for long-term success you also need to look at the big picture and make adjustments to your plan as necessary. A good idea is to regularly revisit your business plan to help ensure that you are on the right path.
Small Businesses, Big Exporters
According to the latest survey from Industry Canada, only 9% of small and medium businesses are involved in exporting goods or services. However, that 9% has a big impact.
Is your business a marketable asset?
Your business is valuable to you, but is it a marketable asset? Not necessarily. According to John Warrillow, author of Built to Sell: Turn your business into one you can sell, only 1% of businesses in Canada are sellable.
Finding and Training Your Successor
If you are considering retiring from your business, the choices you make now will affect the financial security for yourself, your family and your employees. In addition to growing the transferable value of your business, setting a timeline for retiring, and ensuring your post-retirement income, a key step in successor planning is finding the right successor for your business. Here are some guidelines.
Starting a home-based business? Here's what you need to know
Starting a home-based business is a dream shared by many. The rewards include the flexibility to set your own schedule, a chance to watch your children grow up, and the opportunity to follow your dreams. But it can also bring new risks, such as the possibility of social isolation and the loss of a regular paycheque and benefits.
Strategies for small business success: A case study
Entrepreneurs start businesses for many reasons, and the freedom, flexibility, and chance to realize a passion rank high on the list. But along with the rewards come challenges. Preparing to meet those challenges will put you in a better position to follow your dreams. Here’s how to get started.
