Scale A Small Business Quickly
How to Scale Your Small Business in Toronto? This is the last blog in our series called “Setting Benchmarks for Small Businesses”. This series focused on explaining all aspects of small business expansion, in an yearly stage. In this last piece, we focused on post-success strategies for a small business to maintain itself as a […]
Predicting the Effect of Canadian Budget 2024 on Small Businesses
Ottawa proposed the Canadian Budget for year 2024-25 on 16 April 2024, in the House of Commons. We have already rolled out an article focusing on the positive effects of Canadian Budget 2024 on Small Businesses. Now comes the not-so-positive part. Negative Effects of Canadian Budget 2024 on Small Businesses Inclusion Rate on Capital Gains […]
Small Business Management in Year 4
Beyond Survival: Strategies for Your Business Growth Welcome back to part four of our five-part blog series, “Setting Benchmarks for Small Businesses!”. By year four, you’ve likely established a solid foundation for your small business. You’re comfortable with the day-to-day operations. This blog focuses on strategies that go beyond simply maintaining your cash flows and […]
Five ways that Budget 2024 impacts Small Businesses across Canada
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. The impact of Canada’s 2024-25 budget on small businesses comes in the form of both challenges and opportunities. It is too early to predict the long-term effects of this […]
Business Development Strategies for Ontario-based Startups – Year 3
The areas where you are outperforming your competitors are known as your competitive advantages. Your business development strategies are designed to help you attract and retain more customers to ensure your ongoing success streak.
Conversely speaking, the areas where you are being outperformed by your competitors are known as your business vulnerabilities. If you continue to be outperformed, your business can fail to attract and retain enough customers.
Small Business Challenges and How to Overcome them
The second year for small businesses in Ontario marks a critical juncture for entrepreneurs. The initial thrill wears off and the realities of business operations become apparent. Regrettably, approximately 20% of small businesses fail to surpass this crucial phase. However, by taking the time to comprehend common challenges faced by small businesses, and by implementing strategies to address them, you can markedly improve your odds of success.
Building a Successful Small Business in Ontario – Year 1
Owning a business is great. Keeping it running every day is greater and building one from scratch to the time that you have developed a team, and a loyal customer base, is the greatest. It is also a bit difficult to be honest. But persevering through tough times can lead to both financial gain and […]
CEBA Repayments Post-March 2024 in Ontario
CEBA applications opened in April 2020 and closed in June 2021. The loan offered initially was only for $40,0003. It was targeted to be used by small businesses and non-profits to pay for non-deferrable business expenses (lease, payroll etc).
How to set up a small business in Canada – Extended Version
The Framework of Canadian Small Business Set Up Here’s how you can set up your Canadian small business for success, from the get-go. Actionable Checklist to Start Small Business in Canada If you’re an entrepreneur based in Canada, all set to launch your own small business, one of the crucial aspects you will need to […]
The Ultimate Guide: How to Calculate Taxes for Your Small Business
Understanding Small Business Tax Planning in Canada The Significance of Tax Planning Let’s start with the basics. Taxes can be one of the most substantial expenses your business faces, and effective tax planning can significantly impact your bottom line. By minimizing your tax liability, you can increase your profitability and reinvest in your business. More […]
