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Financial Goals for Small Businesses and How to Achieve Them
October 3rd at 5:09pm
Many small business owners start their organizations with numerous aims and objectives in mind. Not only do they want to help their startup idea towards growth, but they also try their best towards ensuring that the business is kept financial stable. Financial stability is one of the most underrated concepts of running a business. We talk a lot about operational efficiency and other metrics of running a business, but we fail to pinpoint financial stability as one of the major reasons that should be kept into perspective. If you’re running your business to make money, you would want your goals…
How to Get Financial Support When Starting a Business in Toronto
September 30th at 5:40pm
So far, 2019 has been a fantastic year for Toronto. Not only did the Toronto Raptors make history by winning their very first NBA Championship this summer, but the city also recently made headlines for becoming the fastest growing city in North America. Not only is Toronto famous for its dynamic multiculturalism, world-class arts scene, and incredible food, Toronto has also become a destination for business across Canada and around the world, eclipsing the San Francisco Bay Area as the fastest growing market for tech jobs in North America. All of this means that if you want to start a…
SharpShooter Funding: A Different Kind of Funding Partner
September 27th at 5:42pm
If you have any experience with the world of business financing in Canada, you know that access to funding is one of the biggest problems entrepreneurs and small businesses face. Large banks are often not willing to provide substantial funding at all, and the options for alternative funding are still pretty slim. Sometimes, it’s so difficult for small players to get hold of capital that they are forced to rely on personal credit cards. SharpShooter Funding was started in 2015 to provide an alternative to big banks and high-interest funding. At SharpShooter Funding, we provide a wide range of funding…
Steps You Can Follow to Create a Detailed Marketing Plan
September 23rd at 6:50pm
Creating an idea for your startup is just the start of a lot more that is to come. When it comes to starting a business, you need to do a lot more than think of basic ideas that you can follow for the startup. You have to make sure that your business has the right finances and that you have all details related to supply chain and marketing covered. You cannot seriously expect your plan to succeed if you aren’t working on the right business model. For your business plan to work, you should make sure that you have everything…
A Complete Guide to Setting Up Your Online Store
September 20th at 10:33am
All entrepreneurs looking to start their own online business would want to start an online store to make progress with the idea they have in their mind. Similarly, small business owners wanting to take their business online would also want to start a similar venture. The online selling and e-commerce platform of today is supposed to play an integral part in ensuring the success of businesses in the time to come. Not only does selling your goods on the online market allow you to reach a broader audience, but it also helps in cutting down the costs of operation. Thus,…
4 Ways Commercial Funding Can Transform Your Business
September 16th at 5:22pm
A growing business has many needs. You need staff to make sure your operations are running smoothly, customers and clients to maintain a steady income stream and a leadership team who can make plans for the future. But above all, it needs enough capital to make all of this happen. There are lots of ways that new businesses raise money to get started, from the bank of mom and dad to an actual bank. But even if you are able to secure the initial cash to get started, getting reliable commercial funding to help you grow your business or meet…
All You Need to Know About Internal and External Sources of Finance
September 13th at 10:07am
Regardless of your industry and the scope of your operations, finance is believed to be the backbone of your business. Every business follows a model that is based on marketing and selling products and services. The model does include strategies on managing day-to-day operations, but it might not guide on how to obtain finance. After all, every business needs funds to manage their processes, avoid liquidity crunch, and maintain a positive net cash flow balance. As a proprietor, you bring in a limited amount of capital into the business during the incorporation stage. The startup capital might be sufficient for…
Common Mistakes You Should Avoid with Business Funding
September 11th at 10:28am
When your cash reserves are almost nil and you have a ton of expenses to pay, business financing is the only option you can go to for some relief. However, even with the momentary relief, you must not execute the process in the wrong manner and follow all the checks that are required for correct business financing. The thought of money coming into the business is never a bad idea, but there are some situations when taking funding from a specific funder could prove to be bad for your business. Even when you’re financing your business from an external source,…