First-time small business owners typically pay a great deal of attention to developing their own business plans, marketing and managing their own companies; however, they often overlook the importance of their own commercial lease. The commercial lease, provided by the landlord, often plays a crucial role in business operations (an entrepreneur typically leases commercial space to conduct business from). The lease states the specifics of the agreed-upon lease (e.g.
Blog Category: Startup
In an earlier post, we explained what domain names are and why they matter for small businesses. But what if you’re aware of the importance of domain names, and ready to move forward with bringing your business online? In this post we’ll provide advice, tips and tricks for choosing the right domain name for your small business. While it’s a relatively inexpensive investment, it’s one that will pay great dividends over time.
Every owner of a new company is motivated to make their dream come true. The excitement of developing and launching a new venture can sometimes distract one from the basics of business. I would like to share some ideas that new business owners should keep in mind.
Getting online is an important step for any new business. In this post we’ll explore the topic of domain names – what are they, and why are they important for small businesses?
What is a domain name?
Often referred to as a “web address” or a “URL”, a domain name is the digital place where your website lives. Domain names make it easy for your audience to find you online. Think of them as the street addresses of the Internet - a domain name is more descriptive and easy to read and remember than an IP address.
Designing a business without a plan is a bit like navigating a new place without a map. It’s hard to know which road to follow and you’ll likely take a wrong turn or two. Luckily, there are tools to help you plot the pathway to business success. Introducing the Business Model Canvas – a creative compass that allows you to design, visualize, analyze, and describe your business.
It seems intuitive: work with other small businesses to help grow yours.
When you first take the plunge into starting your own business, you are going to be on the lookout for others in a similar situation. The urge may be to reach out to other small business owners with ideas on how to collaborate. You then follow larger businesses on social media for inspiration. At first you will find comfort in it. You will meet other entrepreneurs and work together to grow your reach on social media and your visibility in the community.
Whether you’re getting ready to launch your own business or just wanting to better your financial situation, seeking credit counselling is always a good idea. However, we know that when it comes to talking about your money, it can be a bit of a sensitive topic.
Finding and securing financing is an important part of starting any small business. You need money to be able to start, operate, and eventually grow your operations. But when it comes to small business grants, there are a lot of misconceptions and even inaccurate information out there. There really isn’t any free money, but there are specific programs or incentives that may be able to assist very select types of businesses. Get your notebooks out, we’re giving you some handy grant tips!
The ‘one-stop-shop’ saying is sometimes an overused cliché, but for the instance of the Alberta Government’s Self Employment “SE” program, it is an accurate descriptor. With funding support from both provincial and federal governments, these 26 week training programs are amazing incubators and catalysts for aspiring entrepreneurs across Alberta. With the objective of training and mentoring unemployed and marginally employed Albertans who have a viable business idea, the SE program has seen great success rates over the
So you’ve developed this mind blowing business idea but could use a little extra boost to take it to the next level. You’ve exhausted the traditional lending route: seeking assistance from family and friends, using your credit card, and of course taking out a personal loan from your bank. However, the traditional route was not as successful as you had initially hoped. But before you go wishing for a fairy god parent or a humble (but generous) money tree, this may be a good time to explore what crowdfunding could do for your business.