According to an Industry Canada study, the main reason small businesses fail is inexperienced management. About half of all businesses fail within their first five years. Fortunately, many of these failures are preventable. Here are some things that Calgary small business owners can do to turn a business around and save it from closure.
Finding the Problem
Find out […]
Finding financing for your small business can be a horrific challenge. Without significant cash flow or assets, banks and investors are usually not interested in giving you money. Credit cards can provide a quick and easy way to purchase the things you need to grow your business in Calgary.
There are several advantages to using credit […]
One of the best ways to improve your small business’s profitability is to decrease expenses. It is important that you keep your expenses at a minimum to maximize efficiency. Thankfully, this is an aspect of your business where you have control. Here are four simple ways to cut back on your business expenditure.
Office supplies
Businesses spend […]
Did you know that the majority of new Calgary small businesses will never turn a profit? Rather than being discouraged by this fact, you should take the opportunity to learn from the mistakes of others. By avoiding mistakes that are commonly made by new business owners, you can ensure that your business will be one […]
The CRA interest rates for the 3rd quarter are unchanged from the 2nd quarter 2014.
The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates will be in effect from July 1, 2014 […]
The most challenging part of starting a business is figuring out how to find the funding required to get started. Yet, despite the challenges thousands of people jump into their own enterprise ventures every year.
Many small business owners choose to start small, paying only for what they can afford in an effort to get started. […]
The Canada Revenue Agency (CRA) is aware that electronic sales suppression (ESS) software is being marketed and sold to Canadian businesses. As part of its efforts to combat the underground economy, it has introduced new measures to address this problem.
ESS software (commonly known as zapper software) is illegal. Designed to work with point‑of‑sale systems and […]
When starting out in business, it is very easy to spend money on items you do not really need, from stationery supplies to major expenses such as office rental. Even more established business owners can be guilty of overspending on non-essentials.
Why spend money unnecessarily, however, when you could use it more productively in your business […]
In case you have employees in other provinces, these changes may affect your business. It is also interesting to see that Alberta continues to have one of the lowest minimum wages in the country.
