Our latest thinking on the issues that matter most in business and management.
International trade plays a significant role in the success of Canadian businesses and the Canadian economy as a whole. Canada generated a whopping $521 billion in global revenue, accounting for over 30% of the country's GDP. As a business owner, taking advantage of the various funding options available to help your business enter or expand…
We talk a lot about entrepreneurs and what they do, but have you actually thought much about what an entrepreneur actually is? If not, read on because the subject is more interesting than you might think. An entrepreneur is an individual who starts their own business or organization with an aim to either make a…
The definition of an SME can differ based on individual countries for tax and accounting purposes. Below, you will find a guide on SME definitions by different countries around the world. Often considered the heart of the economy, SMEs refer to small or medium-sized enterprises. Businesses that fit under these categories are defined based on…
Is your business looking to expand into international markets? The cost to export your products into other regions or countries can be substantial, but the CanExport small-medium sized enterprise (SME) grant can cover 75% of your eligible expenses up to $100,000 per project. There are four CanExport funding programs available for Canadian businesses: CanExport SMEs:…
Writing a business plan is not a make-work project for your business. It’s an essential tool you need to seek investors and gain financial support to help you grow your business faster. When done right, your business plan will guide you on your path to growing a scalable and profitable business. Every successful business plan…
A key component in any business plan, your market analysis demonstrates that you know your market is ideal for building a sustainable business. When you understand your potential customers and market conditions, you'll reduce your risk because you'll have a better chance of developing a viable product or service. Having a thorough market analysis will…
What have the past 12 months taught you? It seems like nearly everyone has experienced a moment of clarity about something in their lives. Some were reminded of the importance of family and friends. Others discovered the effect their mental wellness has on everything. Many others realized they hated their job and needed a change…
An acronym standing for Strengths, Weaknesses, Opportunities, and Threats, a SWOT Analysis is designed to help you analyze your company's capabilities against the realities of your business environment. Doing so allows you to direct your business toward areas where your abilities are the strongest and your opportunities are abundant. It also allows you to develop…
Often referred to as the most crucial part of a business plan, this essential element summarizes your plan's key points and entices the reader to read the document in its entirety. Because the executive summary is an overview of the entire plan, we always recommend writing it first. This way, it will act as a…
Have you ever had a bright idea in the middle of dinner so you wrote it down on a napkin so you don’t forget it? What happens when the waiter accidentally takes that napkin, it blows away, or you forget it in your pocket and you do the laundry? Transfer your ideas from the restaurant…
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