How Do I Anticipate and Plan For Down Times In My Business? APRIL 2018 NEWSLETTER
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text] How Do I Anticipate and Plan For Down Times In My Business? APRIL 2018 NEWSLETTER Some periods of a business year presents slower business times. For example, for most business entities there is a seasonality to revenue and, in most cases, it would be similar most years. As an example, in many […]
What financial numbers are important?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] What financial information on my business should I be looking at, when, and how often? Answers from some of our board members…. GEORGE: In my business, being retail Canadian Tire stores, I would look at sales numbers every day, as well as the bank accounts. Each month I would have […]
Do I really need a lawyer for a shareholder Agreement?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Shareholder Agreement My business partner and I have a shareholders’ agreement, found on the net. We are ready to sign… Should we get a lawyer? Answers from some of our board members…. ERIC: As a litigation lawyer, my take is: The rights and obligations spelled out in shareholder agreements, particularly […]
Basics of a simple “Business plan”
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Business plan A most important and underestimated aspect of a business plan is the authenticity and credibility of the principal. Before anyone ‘buys’ your business plan they have to ‘buy and believe’ in you. Business plans and details vary depending on your targeted reader. Adjust the plan based on who […]
In Search Of the Right Bank for Your Business
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Banking Choosing a good banking institution and developing a good working relationship with a banking advisor is critical for any size, new and growing business. Your bank is your business’s most important supplier. Shop around for a compatible bank. Find a banking advisor who is genuinely interested in your business, […]
Financial terms every business owner should know:
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Key financial terms The following is a condensed version of a recent Globe and Mail article by Brenda Bouw on business terms owners should know. Gross margin This is the difference between revenue [sales] and costs to sell. The difference is the company’s profit. Revenues alone do not tell the […]
Business clients aften question – Should I take a Salary or declare Dividends?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Salary or Dividends? Read this interesting article in the Globe [/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
What is the break-even point of my business?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Why is this important & how do I determine it? Knowing the break-even point of your business will tell you the amount of sales required to become profitable. This article will help you determine your break-even point in 3 easy steps. Determine the Margin per Unit sold. Determine your Total […]