Knowing where to focus is one of the biggest challenges for a startup business. As an entrepreneur, you have to target the right customer, hone your business model, pitch investors, and raise critical funding. The margin for error is very narrow and your team is very lean. Yes, some things you can screw up, but one thing you really can’t …Read Full Article
The intention of a press kit is to help any media outlet, such as journalists, who would like to feature your business without having to gather any additional details other than what was provided to them and your online presence. Also known as a media kit, a well-built press kit can be one of the most useful assets that you …Read Full Article
Starting a new small business is an exciting time for every entrepreneur. It’s very understandable that you would want to get your new business to the world and think that everyone needs what you are trying to sell.
Early-stage business owners will often build a very broad audience base to target because they are scared of missing out on potential …Read Full Article
Deciding what to charge your clients for your time can be like looking for a needle in a haystack especially if you are a service-based small business owner. Many owners will undervalue their services when they first get started, because it is often so arbitrary, and don’t charge the rates that they know they deserve.
It isn’t always a bad …Read Full Article
Staying on top of the financial health of your small business is very important. A key component to that financial health is your business credit score. Your business’s credit score will show how well you are able to meet the financial obligations that your business will have, such as paying invoices and bills on time.
Securing better financing and trade …Read Full Article
It can often feel too strong to ignore when you’re thinking about starting your own business and follow your passion. However, being an entrepreneur isn’t easy despite the pictures of world domination that we all paint in our heads.
There is a common fear that aspiring entrepreneurs of what would happen if they fail, because of this most of these …Read Full Article
In Canada, the average small business owner pays more than 42% of their income taxes. First of all, that is a lot of money. Secondly, nobody ever wants to give more of their income to the Canada Revenue Agency (CRA) than they legally have to.
Surprisingly, small business owners, those who are entrepreneurs, self-employed, and independent contractors are failing to …Read Full Article
There are a lot of skills that new entrepreneurs should have to be successful in their chosen business. Entrepreneurs will have to wear multiple hats in the startup phase. When you’re first starting out, you will need to know a little about a lot. You will either be overseeing the work that is being done by other people for you, …Read Full Article
It is important to keep business records such as pay stubs, tax records, and other supporting documents. The Canada Revenue Agency (CRA) standards state that business owners should keep most documents for a six to seven-year period. Complying with these standards can seem a little daunting, especially with rising document storage costs. In Canada, the amount of time to keep …Read Full Article
At one point or another, we’ve all felt burned out. Working ourselves too hard results in the feeling of total fatigue, both physical and mental. Founders of small businesses dedicate their lives to creating a lifestyle of independence and be their own boss, that does not come easy.
When small business owners love what they do, they consider their businesses …Read Full Article