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…

Self-discovery, one shovelful of snow at a time

Snow throws a lot at us. Our response to it can be seen in how we navigate the challenges of building a business, writing a book or tackling a project

Self-discovery, one shovelful of snow at a timeThe sun is shining, even if the air is still frigid, so I’ll take it. After several days of digging out my huge driveway – 100 metres, to be exact – and coping with drifting snow, even my most optimistic “Shovelling is a great full-body workout strategy” is feeling less than enthusiastic. I love the…

To grow or not to grow your business: either way takes work

Tips to implementing a growth structure that is consistent with your personality and values of the company you have built

To grow or not to grow your business: either way takes workEvery new business grows from the seeds of an idea. Some wither at the seedling stage, others remain as saplings, while others strive for the sky. But all growth requires the same up-front fertilization. “For any business, you have to begin with the end in mind,” says Gary Prenevost, who calls himself Canada’s leading franchise matchmaker.…

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…

Federal government tax cuts miss the mark

We need smart tax cuts that improve incentives for workers, entrepreneurs and investors, along with a balanced budget

Federal government tax cuts miss the markBy Jason Clemens, Jake Fuss and Tegan Hill The Fraser Institute Finance Minister Bill Morneau recently confirmed the federal government’s intention to reduce personal income taxes for everyone except “higher-income earners.” With total taxes (federal, provincial and local) consuming 44.7 per cent of the average family’s income in 2019, it’s easy to see why Canadians…

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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