According to the Canadian Federation of Independent Business, around 34% of businesses in the country fail within the first five years of operation. This is in part because of bad choices, like poor supplier relationships, and...
On the surface, some grants and loans may seem like the same funding solution, but they are not. Usually, a grant is a non-repayable funding solution for a specific outcome or project that the government or...
Seasonal business cash flow can be tricky, with about 70% of businesses struggling with inventory management during seasonal transitions. Although specific figures aren’t available on how many Canadian businesses operate seasonally, the number is likely significant,...
Few can deny that understanding the differences between GST and HST for a small business in Canada can be difficult. This is because both are sales taxes, but they are applied differently in different provinces. The...
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...