Seems like 2021 flew by fairly quickly and if you missed your opportunity to apply to any government grants, not to worry, accessing government grants in 2022 will be a lot simpler!
With various funding agencies across Canada closing off for the end of 2021, they are actually making budget space for 2022 – these options include various government grants …Read Full Article
Knowing where to focus is one of the biggest challenges for a startup business. As an entrepreneur, you have to target the right customer, hone your business model, pitch investors, and raise critical funding. The margin for error is very narrow and your team is very lean. Yes, some things you can screw up, but one thing you really can’t …Read Full Article
Starting a new small business is an exciting time for every entrepreneur. It’s very understandable that you would want to get your new business to the world and think that everyone needs what you are trying to sell.
Early-stage business owners will often build a very broad audience base to target because they are scared of missing out on potential …Read Full Article
Staying on top of the financial health of your small business is very important. A key component to that financial health is your business credit score. Your business’s credit score will show how well you are able to meet the financial obligations that your business will have, such as paying invoices and bills on time.
Securing better financing and trade …Read Full Article
In Canada, the average small business owner pays more than 42% of their income taxes. First of all, that is a lot of money. Secondly, nobody ever wants to give more of their income to the Canada Revenue Agency (CRA) than they legally have to.
Surprisingly, small business owners, those who are entrepreneurs, self-employed, and independent contractors are failing to …Read Full Article
There are a lot of skills that new entrepreneurs should have to be successful in their chosen business. Entrepreneurs will have to wear multiple hats in the startup phase. When you’re first starting out, you will need to know a little about a lot. You will either be overseeing the work that is being done by other people for you, …Read Full Article
It is important to keep business records such as pay stubs, tax records, and other supporting documents. The Canada Revenue Agency (CRA) standards state that business owners should keep most documents for a six to seven-year period. Complying with these standards can seem a little daunting, especially with rising document storage costs. In Canada, the amount of time to keep …Read Full Article
At one point or another, we’ve all felt burned out. Working ourselves too hard results in the feeling of total fatigue, both physical and mental. Founders of small businesses dedicate their lives to creating a lifestyle of independence and be their own boss, that does not come easy.
When small business owners love what they do, they consider their businesses …Read Full Article
An exciting, yet stressful, time in your business is when you are ready to bring a new product or service to the market.
You can have a huge payoff when everything goes to plan after you have raised awareness, created hype and pushed for sales.
However, the proper planning that is required to take that new product from idea to …Read Full Article
There’s probably one big issue that’s on your mind if you are in the middle of building a new start-up, money. There is nothing more exciting than the idea of free money that can be awarded to you and your business in the form of small business grants, even though there are still plenty of other options for raising money …Read Full Article