New entrepreneurs frequently underestimate the real costs of operating their businesses, and projecting expenses for a new business is somewhat of a guessing game.
“Funding” for Small Business
Small Business Financing: Three Alternatives to Traditional Bank Loans
Growing a business costs money, and for most small business owners getting a loan will be a necessity. Luckily, you have many trustworthy sources of financing at your fingertips today that don’t involve traditional bank loans.
Why Your Personal “Beacon Score” Matters When Financing Your Business
Do you know what your beacon score is? If not, you should. It’s one of the key measures financial institutions use to determine the “credit worthiness” of a entrepreneur applying for a business loan.
The Top 5 Challenges New Small Businesses Face
According to Stats Canada, only 51% of businesses survive beyond their first five years. And all too often, the ones that don’t make it end up shutting their doors for very similar reasons. So how do you keep your small business from becoming the one out of every two that doesn’t succeed?
Funding Opportunities for Small Business Owners in BC
Do you know what programs and funding opportunities are available for Canadian small businesses? Your business may be eligible thousands of dollars in government funding, but you have to know what opportunities are out there first.
Kickstarter Launches in Canada and What It Means for Small Businesses
With the announcement that US-based company Kickstarter will open up to Canada-based projects later this summer, find out more about what crowdfunding is and how you can use it to fund your small business projects.
Seeking Equity Investment? Know the Rules
There are a number of options for your company to raise money from investors without going public. But, before going down this road, it is important to know the BC laws that apply to any company or other entity that raises money from investors.
Investment or a Loan? How to Fund Your Small Business
In my last post, I offered tips on how to estimate the amount of capital you’ll need to open your small business. Once you know that number, it’s time to decide whether equity investment or a loan makes the most sense for your type of business.
Economic Action Plan 2012
If you are a small business focussed on innovation, there are a number of tax incentives and support programs that have been committed in the 2012 budget, dubbed the Economic Action Plan. Here is an overview summary of what the budget has in store.
10 Mistakes to Avoid When Seeking Investment
The art to the perfect pitch is to know what you are selling and to sell it well. Looking for investment can be stressful and time consuming; but the more prepared you are, the quicker and more easily a deal can be done.