Why you should create different versions of your business plan

Why you should create different versions of your business plan

  Creating a clear and well-researched business plan is the starting point in launching any successful business. But did you know that you might need different variations of your business plan, depending on your audience? Most business owners don’t think about their target audience when writing their plan, but it’s actually the first thing you […]

A how-to guide to incorporating your business in Canada

A how-to guide to incorporating your business in Canada

If you’re running a small business and have watched your success steadily grow over the years, it might be time to consider incorporating the business.  As with any business decision, there are both pros and cons to incorporating. One of the biggest benefits is that your business becomes a separate legal entity, meaning that any […]

Is your business plan simply a wish plan?

Is your business plan simply a wish plan?

A business plan is the blueprint for your business. It gives your company a cohesive focus, provides direction for your everyday activities and acts as a roadmap for your overall growth. And while every successful business needs a business plan, including a business development plan as part of it is so often overlooked. Without one, […]

Year-end checklist: Set strategic goals instead of financial ones

Year-end checklist: Set strategic goals instead of financial ones

The end of the calendar year is the perfect time to take a step back from day-to-day operations and reflect on the overall bigger picture of your business.  Start by reviewing the objectives you set for your business at the beginning of the year. Did you meet these business goals? If you didn’t, now is […]

It’s never too early to start succession planning

It’s never too early to start succession planning

Small business owners in the day-to-day thick of things frequently don’t put much thought into what they’ll do when they’re ready to get out of business. In fact, the Canadian Supplement to the 2014 PwC Global Family Business Survey found that more than half of family businesses are expected to change hands by 2019 but […]

Business Plan Basics 1

Business Plan Basics 1

It always frustrates me to look over someone’s business plan, and find it missing key components to make it useful. And by useful, I mean both actionable – detailing the steps you should take through the year – and evolving to show progress over time. I’ll explain why it should fulfil both of these functions. […]

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How to plan for seasonal variances in your cash flow

Have you noticed unexpected seasonal variances in your company’s cash flow? If your business is seasonally-based (a lawn care or snow removal company, for example), it’s normal for your cash flow to vary depending on the time of year. Unfortunately, many companies who shouldn’t be affected by the seasons still experience peaks and valleys in […]

Organizational growth and restructuring: Is your business ready to take the next steps?

Are you planning to take your business to the next level? Before you start growing your company, you need to ensure that your organizational structure is prepped for this major shift. Don’t just jump in head first – make sure you follow our key prep tips to keep your growth sustainable and successful.   3 […]

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