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Almost every business utilizes some type of lending institution which is usually one of the major banks for their business. It can be on different levels. Some companies use their local bank just for the receivables and payables, while others use them from this and payroll and whatever other business services they have to offer.…
All too often good businesses run into a financial snag where they need more money in order to be able to carry on with their business. It doesn’t mean that their business is failing, it may mean that they need to expand or upgrade in order to meet the demands or stay on par…
Many times two friends will get together and come up with a great idea and decide to start a business. The intention is to be a fifty-fifty partnership. Then as time progresses this may not work out and one ends up buying the other out. The decision then has to be…
Most new businesses have a lot of expenses and low on their “to do” list is their actual marketing. First they want to get their business up and running which of course is the right thing to do. However, during the planning stages when setting the budget it should include funds for marketing. Fortunately…
Many businesses are becoming much more involved at trying to cut their business costs. Often the tendency is to reduce the number of workers so the payroll costs can be reduced. This doesn’t always work out too well because there is now a shortage of workers and productivity is reduced. Then what may…
There has been a little flurry of activity in the past week regarding the latest cut to auto insurance benefits. Whenever there is a substantial change for the worse especially there is perhaps some type of protest, but our Ontario Government usually just weathers it out and lets the dust settle. As Ontarians we have…
As an individual under the age of 30 you may have a golden opportunity waiting for you in the world of business. The Ontario government sees this age group as a viable one for investing in when it comes to their starting their own businesses. There are several different funding programs available for Ontario…
You are tired of working for someone else? You and a few friends are well experienced in the construction industry and you see that this industry is booming in Ontario. You don’t want to get caught up in the tax implications when it comes to being a sub contractor so you want to do…
