articles and tools.
Everything You Need to Know About Startup Costs
For many entrepreneurs and aspiring business owners, launching a startup is a dream come true. Each year, an average of 96,580 new businesses are created in Canada, with a total of 68.8 percent of those businesses considered small businesses. Most new...
Do You Need Good Credit to Get a Small Business Loan in Canada?
When you’re applying for small business funding, commercial lenders measure your business’s risk and creditworthiness primarily based on your personal and—if you have one—business credit scores. This might lead you to assume that you need good credit in order to get a...
What is an Ontario Business Number and How Do I Get One?
As a new entrepreneur, we know you have a long to-do list and are excited to start building your business. However, it’s important you take care of the legal stuff too. For Ontario business owners, one of these steps is getting your business number (BN). We’ll go...
6 Ways Your Business Can Gain Competitive Advantage
There’s a reason that starting a business isn’t for everyone: entrepreneurship can be rewarding in more ways than one, but it’s also challenging. More often than not, you will face plenty of competition from other businesses offering similar products or...
What is Entrepreneurship? How to Become an Entrepreneur
With the rise of technology and increased access to capital for entrepreneurs of all types, entrepreneurship is becoming the career path of choice for many. The role of an entrepreneur continues to evolve and, as of 2020, there were 582 million...
What is a Serial Entrepreneur?
Did you know Canada is a nation of entrepreneurs? Every year, more and more people open small businesses. Many for the very first time. It can seem like an intimidating step to take, considering approximately half of new Canadian companies remain in...
The Best Business Books Every Entrepreneur Should Read
If you’re an entrepreneur who’s looking for advice on how to start or grow your business—you’ve already taken a step in the right direction. There are lots of resources that can help you improve your chances of success, and business books are the perfect place to...
3 Things Every Small Business Should Automate
As your small business grows, you may find it more and more difficult to stay on top of everything it takes to make it successful. When you introduce automation tools into your business, you’ll be able to improve customer relationship management, stay on top of your...
Should You Charge Late Payment Fees On Invoices?
Is it okay to charge late fees for my Small business invoices? After you enter your personal information, the scope of work, the total cost, and any additional taxes, you'll likely see the option to invoice for late payment. Charging for late payments is often part of...
Dividend vs. Salary: Which is Better for Your Business?
Small business owners in Canada can choose to pay themselves a salary or earn a personal income through dividends. While there’s no wrong answer, the option you choose will play a role when the time comes to file your income taxes and, ultimately, is dependent on what...