What is one of the most important factors contributing towards business success? This often hinges on effective site selection. When searching for commercial space to lease, entrepreneurs need to carefully consider site location, location within the location, visibility, access, parking, signage, further expansion plans, neighbouring tenants, anchor tenants, and so on. In addition, entrepreneurs must also evaluate the unit’s size and understand that the total amount of square footage will determine the monthly rent. With a larger area, tenants will pay an increased rent.
Being an entrepreneur sometimes means wearing several hats, often including those of billing and accounts receivable (A/R). The occupational hazard of being pulled in several directions can make controlling your outstanding invoices a challenge. Not only that, but companies can become so focused on getting new business that collecting overdue receivables is easy to put off.
The subject of entrepreneurship now occupies a prominent place in our world's economy and is associated with the concept of innovation. The world is eager for innovative and bold people who are capable of taking entrepreneurial initiatives.
The Hispanic nature is predisposed to innovation because it is a fresh, happy, informal culture. People who identify with this culture tend to fit within the six keys of entrepreneurship: focus, energy, commitment, mental elasticity, teamwork, and results.
With both a CPA and MBA, Lorna Mutegyeki has a background in finance and has always worked for large organizations and been responsible for huge budgets. Starting her own business, Msichana, had its challenges, but this business was always her big plan for life. She dreamed of equipping and empowering women through the work she did, and wasn’t getting that satisfaction from the corporate world.
At Business Link, we get a lot of questions about money. Quite often those questions are about how to get money to buy essential equipment needed to start a business. There are currently no grants for this type of activity, but there might be some paths you can take.
A few months ago, we brought you the scoop about what market research is, and how you can use secondary data in your business. Now that you’ve mined the internet for everything it's worth, it is time to consider engaging in some primary market research as well.
A lot has changed since we last spoke with Aretha Greatrix a year ago. We recently had the opportunity to catch up and chat about what she’s been up to. Her previous project, a documentary titled Journey Towards Reconciliation, is now released online and available for viewing. Aretha has also transitioned from working for someone to being self-employed full time, which allows her to focus on her business: Miyo Pimatisiwin Productions.
Do you have a great business idea? Maybe you’re a baker, jam maker, gardener or crochet artist. Farmers’ markets are a great place to start selling your product.
A research report released in 2017 by Alberta Agriculture and Forestry indicated that Albertans continue to flock to farmers’ markets with 78 per cent of households in Alberta making at least one purchase from a farmers’ market in 2016.
Ken Bergquist has always had an interest in how we work. He started as a chiropractor in 1988 and became a certified ergonomist in 1991. In the late 90s, he branched out on his own and started what would become Oobliq. The company provides a simple solution that keeps employees from getting hurt by offering preventative measures such as onsite healthcare, ergonomic consulting, and safe work training.
I’ll admit it – social media has me torn. As a father of teenage children, I resent the time suck and distraction of Instagram, Snapchat, Facebook, Twitter and so on. On the other hand, as a brand strategist, community builder and most importantly, as a tamer of wild elephants, I recognize and appreciate the value of these tools as essential equipment when gearing up for your next great safari expedition, product launch or recruitment drive. It's simple math, where teens + smart phones = reduced family time, while business + online communities = + / - the bottom line.