3 ways to measure the impact of your salary on your new business.
The survival of any business depends on cash. Even if your business makes a healthy profit at the end of the year, you still need to manage the inflow and outflow of cash to survive on a day-to-day basis.
Some call it emergency funds, while others call it savings. Whatever the label, setting aside enough money to fund your business and personal expenses for a few months is a good idea to help survive some rainy economic days.
Get to know this essential tool to manage your cash flow.
Be prepared for the expense and know exactly what everything will cost.
No matter where you may be on your journey to build your business – just starting out, expanding or preparing to pass on the responsibility to someone else – a financial plan that includes business loan protection insurance may help safeguard your business if life takes an unexpected turn.
Turn the equity in your property into an asset. Here are some tips on how a secured line of credit could work for your business.
Factoring, also known as receivables financing, is one way business owners can quickly access cash.
The money you need to fund expansion may be right under your nose. With a little curiosity, creativity, and tenacity, you just might find the money you need, both inside and outside of your business.
Canada is a nation that supports its small businesses, offering numerous government programs, incentives, subsidies, and grants worth billions of dollars.
As one of your trusted advisors, your accountant can be a tremendous asset to the process of applying for bank financing.
The end of the year is a great time to take stock of your accomplishments and set targets for the future. Including an annual business check-up as part of this evaluation can help you find efficiencies that may provide you with extra time and improved cash flow.