Decide how to form your business by reviewing the advantages and disadvantages of a corporation. Corporations are legal entities governed by federal and provincial law. In a corporation, stockholders maintain shares as proof of ownership. Usually, company executives...
Boost productivity by creating a social committee at your company. Workplace social committees foster healthy interactions, improved teamwork, and better relationships with the surrounding community. Discover how to form a social committee at your workplace and the...
The last couple of years have presented small business owners with a host of new challenges that few had prepared for. Small businesses have had to adapt to these challenges, and some have even completely revised their entire business model to survive. While...
Most people start a small business because they’re passionate about what they’re selling. Some love the appeal of being their own boss, while others want to share their vision and make a huge change in their target market. What few new owners realize is the importance...
Mental health has a direct impact on employee productivity, workplace atmosphere, and corporate success. Mental health issues like stress, burnout, anxiety, and depression all take their annual toll in employee disengagement and reduced performance. Therefore, it’s no...
Large-scale businesses use various tools and marketing methods to reach new clients, investors, suppliers, and more. Small business owners may feel that the same resources are not available to them, but that is inaccurate. CRM (or customer relationship...
Much of the Canadian workforce comes from smaller enterprises, making Canada one of the top places in the world to start a business. However, the definition of a “small business” varies in this country and depends on several surprising factors. It’s not enough...
A small business owner should not overlook the importance of acquiring new customers, earning a profit, and exceeding their sales goals or quotas. Cash flow is another vital aspect of a business’s success, but, unfortunately, some business owners don’t understand its...
If you recently started a small business or are looking to improve your business’s financial management, the next step is developing a comprehensive bookkeeping system. That can seem like a daunting prospect, especially if you don’t have the knowledge or experience to...
Paying yourself is one of the most rewarding and most challenging aspects of being a business owner. If you've set up a small corporation, you can choose between dividends or wages as your main form of income or have a mix of both. The type of remuneration you choose...
