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Canada
The Different Ways to Fund a Business in Canada
September 9th at 1:02pm
Raising capital is perhaps one of the most complex tasks expected from an entrepreneur before they start their business. Not all entrepreneurs have the resources required to run their business before they break-even. The initial costs of procuring raw materials, buying machinery, and paying employees are to be met through the capital invested into the business. If the initial capital invested in the business isn’t able to fund the operations, the business will sooner or later enter the dreaded abyss of bankruptcy. This is why many businesses close down within two years of their incorporation. The Canadian market is host…
How to Get Smart About Your Credit Profile
September 6th at 9:00am
Small business owners should always try to maintain a good credit score, irrespective of the circumstances. When you first start your business, you have to be careful about the decisions you make and the strategies you choose. Being irresponsible with your cash reserves and your credit during the initial phase of your business can derail your progress for the time to come. Your business credit profile is one part of your business that you cannot afford to be careless with. Even the slightest neglect can come harm you down the line. Some of the things most entrepreneurs are guilty of…
How to Acquire Business Funding in Ontario
September 5th at 7:33pm
The province of Ontario in Canada is perhaps the best when it comes to opportunities for entrepreneurs and business owners. Besides your own dedication towards the job, we believe that the environment in the host city can also play a significant part in ensuring the success of your business. Silicon Valley startups, for instance, have access to tech incubators, which is why they go on to become successful ventures. However, startups in Ontario have a significant chance of success as well. The success of Ontario as a business-friendly province can be gauged by the fact that it is host to…
Top Small Business Risks to Avoid
September 5th at 1:54pm
Starting a new business on your own can be an exhilarating, yet exciting experience. Not only do you get to turn your vision into a reality, but you also get to be your own boss and make your own rules. Business experts believe that starting a business in your field of interest can have a greater chance of success and is an exciting prospect in itself. Just imagine how you can monetize your abilities and hand them over to the general public in the form of an amazing service or product. While you probably have your eyes set on the end…
Why Getting Your Business Funded isn’t as Hard as You Think
August 31st at 3:37pm
Let’s face it: if you own a small business and you’re trying to scale up to the next level, then trying to figure out how to secure the long term funding you need to grow can seem like an almost insurmountable challenge. The traditional funding routes — bank funding or lines of credit, for example — often come with a number of drawbacks that can cause problems for your business in both the near and long term. And while some companies offering particular kinds of consumer products might decide to turn to a crowdfunding campaign to help generate the expansion…
What it Takes To Get Your Business Off The Ground in Toronto
August 25th at 3:36pm
For ambitious Canadian businesspeople, few cities offer the same kinds of opportunities that Toronto does. Not only is Toronto Canada’s largest city, but it is also the country’s capital of finance and the second-largest financial services centre in North America. Every day, millions of dollars worth of local, domestic, and international business are conducted, and the networks, supply chains, and marketing opportunities available in this lakeside powerhouse place it alongside world cities like New York, Los Angeles, and London. But while the rewards for making it in Toronto are great, the challenges can be even greater, and if you…
The 3 Key Benefits of a Merchant Capital Advance
August 19th at 3:27pm
If you follow the financial news in Canada, then you’ve probably heard the buzz about one of the most exciting funding opportunities available to small businesses: merchant capital advances. While business funding in Canada has traditionally been dominated by a handful of major players, this is starting to change as small businesses owners grow hungry for funding alternatives that are less restrictive, complicated, and time-consuming. Merchant capital advances offer a fantastic alternative to the cumbersome bank funding that many smaller companies struggle to get approved for, in part because it helps small business owners unlock their full potential by securing…
How to Get Your Small Business Funded in 2019
August 12th at 3:26pm
One of the first questions any entrepreneur needs to ask when they start building their first small business is, “how am I going to get the money I need to become profitable?” As the old saying goes, it takes money to make money, and even if your company is already bringing revenue in, getting to the next level usually requires a quick infusion of capital. Outside funding is absolutely essential to unlocking the full potential of your business, but for many entrepreneurs, navigating the funding process is anything but easy. In this article, we’re going to explain some of the…