The future of small business financing

The growth of small businesses is fundamental to prosperity but we can’t provide the sector the financing it needs by maintaining the status quo

The future of small business financingThe notions of commerce, currency, and credit are nothing new. For centuries, we've found ways to barter, borrow, and repay one another through the exchange of goods, services, or credit. Exchange aside, every form of currency has an assigned value agreed upon by the individuals or organizations participating in the transaction. Need a house or…

How your team can tell how you really feel

Your nonverbal communication is more powerful at conveying emotions than the content of your message itself

How your team can tell how you really feelDo you know that your team is constantly evaluating your emotions through cues in your body language – and that they can do so in a fraction of a second? At the Center for Cognitive Neuroimaging at the University of Glasgow, researchers found that it takes only 200 miliseconds to read someone’s emotional state from…

Putting fun back into business brings big payoffs

Creating a fun culture in a business environment starts with the leader. When employees enjoy their work, they’ll be more productive and satisfied

Putting fun back into business brings big payoffsWe were down by 14 points at halftime and the team seemed defeated. Our star player was frustrated. Her shots weren’t going in and neither were her teammates’ shots. As a coach, I was unfazed. Having been irritated with the refereeing in the first couple of games, I had decided that my fuming wasn’t going…

How to decide on a corporate structure for your new business

Some tips to help you choose which will work best for you

How to decide on a corporate structure for your new businessWhen you’re starting a new venture, there are a number of things to think through (and often stress about too), from the idea itself and how you’ll execute it, to the staff you might need to hire, money you might need to raise, marketing of the product and service, and so much more. However, one…

Low commodity prices weight on Prairie entrepreneurs

Limited cash flow also a concern for business owners when it comes to investing in their companies these days, according to BDC survey

Low commodity prices weight on Prairie entrepreneursMany Canadian entrepreneurs will continue investing in their companies in 2020 despite growing uncertainty about world economies. But business owners in the Prairies are the most pessimistic, mostly because of low commodity prices and limited cash flow, says the latest annual survey by BDC. The study on investment intentions found that entrepreneurs in the manufacturing…

Red tape reduction leaders to be honoured by CFIB

Albertans agree there is room to reduce red tape headaches considering the government has received over 4,000 suggestions to the cut red tape website

Red tape reduction leaders to be honoured by CFIBIf you’re a small business owner one of the biggest challenges you face is dealing with red tape. It’s a frustration that entrepreneurs across the country have lamented about for years. And each year the Canadian Federation of Independent Business rolls out its Golden Scissors Awards to honour the governments and public servants who have…

Why you need to be aggressively positive in business

Move forward with intent and work in a manner that enables you to succeed through your direct actions and those of your team

Why you need to be aggressively positive in businessI was 21 the summer of the accident. I was working on a farm and my boss and his family had gone to the lake. I was left with a list of chores that included clearing out a culvert on a dam that was being plugged by beavers. I thought this would be the perfect…

How to reduce the odds of ending up with bad clients

Clear away the clutter and negative energy that lies in the path of your success

How to reduce the odds of ending up with bad clientsHave you ever had that feeling, when talking with a potential client, that they're going to be trouble? And then you do business anyway? There are many stages for the business owner between the crazy, adrenaline- and hope-fuelled startup and business maturity. But none is as powerful as the shift between accepting any and all business and…

Write down and share your recipe for success

One of the keys to business success is consistency. So set up a step-by-step processes to get the best results every time you do things

Write down and share your recipe for successWe couldn’t have had a better boarder. Billy Burchell would come every week from McLeod Lake to live with our family while he went to school. He would arrive on Monday for school and take the bus back on Friday after school. Billy was in shock for the first few months he lived with us…

Five reasons businesses fail

And how to overcome these obstacles on the way to building a successful venture

Five reasons businesses failBusinesses come and go – we see them opening up, struggling for a few years and closing their doors. We might even hear that they offered something we were searching for – after they’ve closed. But why do they fail? According to the National Federation of Independent Business (NFIB) in the U.S., over the lifetime…
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