According to recent data, about 80% of Canadian small businesses experience cash flow problems at some point in their lifecycle. In many cases, late payments can cause more than just inconvenience. Unfortunately, when money stops moving,...
According to recent data, many Canadian businesses are facing considerable challenges with cash flow management. A recent survey shows that about 87% of Canadian SMBs are confident in their performance, but about two-thirds are struggling with...
Canada’s economy relies on the little guy: 98.6% of all businesses in Canada are considered ‘small’, having fewer than 100 employees, and these employ 62.3% of the entire workforce. These businesses also account for just under...
At times, if you own a small business, it can feel like you’re racing against time, which is why time management for a small business owner is so important. Without efficient time management, you’ll struggle to...
Businesses fail. It's a reality many of us don’t want to face because we don’t want to think about worst-case scenarios. This is because unexpected occurrences happen more often than you think. For example, there could...
Unfortunately, businesses lose about 11% of their annual revenue due to poor inventory management, leading to stockouts and overstocking. Not to mention, around 43% of small businesses still use manual or no tracking systems, which, in...