Deciding to purchase a piece of equipment or a software system to help your business is a big decision. It can be difficult to part with hard-earned money, especially in the early days. To understand the right time to invest by purchasing something for your business, you must calculate whether the Return on Investment (ROI) […]
At some point, most small business owners inquire about the appropriate amount to allocate for marketing expenses. It can be a challenging task for many of them to determine the exact amount to spend on marketing. There are five methods for determining an annual marketing budget. It is important to note that these budgets encompass […]
When you invest your money, it’s a given that you’re willing to take on some amount of risk. There are strategies you can employ to ensure the risk you’re taking is minimal, but it still exists. If you’re comfortable with a lot of risks to enjoy a greater reward, it’s important to understand that you […]
Debt can be a significant burden on one’s financial life. It can cause stress, anxiety, and make it difficult to achieve financial goals. However, with a little planning and dedication, anyone can create a debt repayment system and get on the path to financial freedom. Here are some tips for managing debt and creating a […]
Starting a business is not for the faint of heart. A certain level of stress comes with carrying the responsibility of ensuring your company’s success. If things go wrong, it all falls back on you. That said, the freedom and sense of accomplishment of running your own business make the challenges well worth it. With […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian support for royals may have slumped, but the scenes in London tell a different story Support for the monarchy in Canada is at its lowest point in years, but there were still a […]
Starting a small business is both exciting and daunting. While the entrepreneurial spirit may drive you to take the leap of faith, the reality is that you may be entering a market that has already attracted some large competitors. It can be intimidating to think about competing against larger, more established competitors, but it’s not […]
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Tentative agreement reached in public sector strike The government and the public sector union have come to a tentative agreement that would see around 120,000 public servants return to work after a strike that […]
As businesses grow, managing inventory effectively becomes crucial to staying competitive and maintaining profitability. One key aspect of inventory management is reducing waste and spoilage, which can have significant financial and environmental implications. In this blog post, we will explore best practices for inventory management that can help your business reduce waste and spoilage, creating […]
When it comes to running a small business, maintaining a healthy cash flow is essential for sustainability and growth. Your business can be incredibly profitable but still ultimately fail because of improper cash flow management. To prevent that from happening, here are some best practices that can help you better manage your cash flow and […]