Starting a business for the first time can feel both exciting and overwhelming. You likely have a hundred questions on your mind – about funding, paperwork, marketing and more – and lots of content (and noise) to sort through. It’s natural to feel unsure: nearly 40% of small businesses in Canada close in their first […]
Cash flow management is about controlling the money that flows into and out of a business, and the goal is simple: make sure there’s always enough cash on hand to keep things running. For business owners, cash flow management often means the difference between thriving and barely surviving. Effective cash flow management means monitoring all […]
Running a restaurant is exciting but also unpredictable. Even with full tables and happy diners, you can quickly run short on cash if you’re not careful. Cash flow – the money moving into and out of your business – is what really keeps a restaurant alive. It’s not the same as profit: you could show […]
Cash flow – the money coming in and out of a business – is often called the lifeblood of any company. If you can’t cover day-to-day expenses, suppliers and employees aren’t paid on time, and a promising business can quickly stall. In fact, research shows that poor cash flow management is a leading cause of […]
Canadian businesses of all types increasingly use digital accounting tools to manage invoices, taxes and cash flow. In fact, about 85% of Canadian firms have at least some online presence, and nearly 94% of SMBs report that digital tech is integral to their strategy. For example, QuickBooks Online is “one of the most recognized names […]
Canadian entrepreneurs can access many government grant programs in 2025 at both federal and provincial levels. These grants from digital-adoption funds to innovation subsidies – can cover a large share of project costs without repayment. For example, the federal Canada Digital Adoption Program (CDAP) was launched with a $4 billion budget, aiming to help tens of […]
Canadian small businesses face unique financial challenges, from multi-rate GST/HST taxation to bilingual requirements and bank integration. Modern accounting software can simplify these tasks by automating invoicing, tracking expenses, and ensuring compliance. For example, Canada now mandates electronic filing of GST/HST returns (the previous $1.5M threshold was removed in 2024), and any GST/HST payments over […]
Small and medium-sized businesses (SMBs) in Canada are facing a perfect storm: higher costs, tighter consumer spending, and regulatory changes that put cash flow under pressure. Inflation and interest rates remain top concerns – in fact, 55–56% of small businesses cite rising inflation as a major obstacle, and about 42% expect higher interest and debt […]
Financial statements are the backbone of any business. Whether you’re applying for a loan, pitching to investors, or making daily financial decisions, knowing how to read your numbers gives you power. If you’re an entrepreneur, freelancer, or small business owner who’s avoided financial reports because they seem too complex—this guide is for you. We’ll walk […]
If you’re running a business in 2025, you already know that timing is everything. Whether it’s purchasing inventory, hiring staff, covering rent, or jumping on a new growth opportunity, having access to capital quickly can mean the difference between success and a missed opportunity. And while there are more funding options available than ever before […]
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