October is Small Business Month

MP900227574

By Diana Gray As the summer slips into the fall season and the children are getting settled into their back-to- school routines, it is now time to turn your full focus back to business.  It is perfect timing as October is considered to be Small Business Month across Canada. You will find several events, workshops [...]

Time for a Break!

Beach Parasols

Now that summer has officially arrived, the focus for entrepreneurs often shifts from business to personal and family life. And, when some business owners are working 60- to 80-hour workweeks, a restful vacation is much needed! But how do you find the balance to take a break while keeping the business going? It can be [...]

TAX TIPS FOR THE HOME-BASED BUSINESS

About one out of four Canadian households operates a business from home. If you are currently one of them, you should know about the tax advantages. Many home business owners pay too much tax, because they don’t know the tax deductions available to them. Others overpay because they are conservative by nature. And some either [...]

How to pick the right location for your business

The Importance of Location The location of your business is as important to your success as having a good product to offer to your customers. For retail businesses in particular, the location can make – or break – the business. It is important that the demographic profiles of people who work or live in the [...]

A list of sources of help and information for businesses in Canada

Associations Business and trade associations provide an excellent means of staying current on legislation, market factors, and trends affecting your industry. Other benefits of belonging to an association include access to free or nominal cost publications, regular meetings, conferences, seminars, trade fairs, newsletters, contacts and assistance to new business owners. There are usually national, provincial [...]

Alternatives to selling a business

Before you make a final decision to sell your business, you should consider some of the alternatives. If you are selling the business because of certain problems, you may be able to solve the problem rather than resort to selling the business. For example, if you are contemplating selling because of stress or burn out, [...]

What to expect when using a business broker to sell your business

Most business owners use the services of a business broker because they do not have the time or knowledge to market the business properly. The key is to search out the successful business brokers and ignore the rest. Seek out a broker who is familiar with your area of business. Investigate the brokers reputation in [...]

An easy checklist to follow when negotiating a lease for your business location

The following are steps you should take when negotiating a lease for your company’s business location.  This is advice from well seasoned entrepreneurs willing to share their secrets.  Be sure to get to a fair deal, and one that will benefit your company in the long run: Thoroughly understand leasing terms and concepts. Speak to [...]

3 basics ways to market a business for sale

If you elect to market your business for sale without the use of any intermediaries, the following are 3 key ways to list your company and get it sold: 1. Generating leads There are a number of ways to generate leads. The more leads you generate, the higher the chances of closing a sale quickly [...]

Types of leases every business owner should know about before locating a company Part 2

Last week we covered five common lease arrangements for a typical company location that a business owner should know about.  Today we will discover three more of the common types of leases in Canada: Variable Lease A variable lease is one in which the annual rent is agreed upon in terms of how it is [...]

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