There are some young people who really want no part of the family business, then there are those that are just itching to take over the reins. It can be really difficult on the younger generation to take a back seat and watch how their parents run the family operation. The older generation has their…
We have talked before about the classification of small businesses which usually refers to any business with less than five employees but still brings in a substantial amount of money. In this particular post when we say small business but in the context of including the at home business that hasn’t even started to…
When you first start out in business no matter whether it is going to be a small or medium sized entity, you are carefully monitoring the money situation. There are always start up costs, and then there are ongoing costs throughout the life of the business. Your most interest will always lie with the…
Most business owners really like to keep a hands on approach in their business especially when the business is a new start up. This is very important to do so, but when does the time come to shift some of the burden onto others? A business owner should never allow themselves to get into a…
Most people look at franchises as a business in a box, which basically it is. That doesn’t mean that you just sign your name on the dotted line and the money is going to start to roll in. Like any business you are going to have to be dedicated to it. As the franchise owner…
Entrepreneurs have no shortage of enthusiasm and a zest for making their business a success. What they may be lacking in is time to do some networking. They may even be lacking in the realization of why this is so important. They often perceive networking as socializing and cannot comprehend how this fits into the…
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…
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…
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…
