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Whether you are a new business owner or an established one you most probably have employees or are going to need some unless you are simply running a self employed business. How you hire, and handle your employees can make a big difference to the success of your business. Having employees comes with a lot…
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Thinking about going into business is enough to get the excitement going, but making the decision as to whether you are going to start a new business or buy an existing business may be a decision that you are being faced with. If you are an entrepreneur by heart and have some sound business concepts…
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Everyone has to think about their financial future, and the younger age this is started at the better. Unfortunately a lot of people put this off thinking there is plenty of time to do this. Then when those golden years hit and funds are tight, the thought that comes to mind is…
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The CRA has really been trying to put a lot of effort into sprucing up their relationships with small to medium sized businesses. By doing so no doubt they expected a better grade than a “C” which was given them by a collection of small businesses and those that prepare taxes. So what…
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Depending on your year end, chances are your business taxes are over for another year and you just want to forget about them. The first thing to learn about tax and business is that it is something that affects you all year round, and not just at the year end. Tax is a big cost…
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Small businesses often have more advantages in a tough economy compared to the bigger ones. Whether that advantage helps them to survive or not is debatable. In some cases yes, and other cases no. A big corporation has to rely on a lot of people to let them know how they are faring in…
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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.…
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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…
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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…
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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…
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