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Pros and Cons of Buying vs. Leasing Space for Commercial Tenants

Category: Business planning Entrepreneurship Operations

Choosing your business idea and identifying your target customers may have been easy; however, finding a place to hang your shingle can be much more difficult. As a new entrepreneur, one of the critical issues you will be faced with is site selection for your business. You will learn that there are two options when looking for a home for your new business; you may lease or purchase commercial property. Which choice is better? Much of this depends on your own situation, comfort level, and future plans.

If you have a business idea or an idea that you want to turn into a business, using the Business Model Canvas as a tool to assess the viability of that business idea is critical. Every successful entrepreneur has gone through a similar exercise, so if you're not convinced yet, let me show you how the Business Model Canvas can help you assess the key areas in your business and their potential for success. 

Setting New Year’s Resolutions for Your Small Business

Category: Business planning Entrepreneurship Startup

Now that the holidays are over, it is time to launch right back into our routines and begin planning for the rest of the year. For a lot of people, that means making New Year’s resolutions. Whether you plan to exercise more, spend more time with loved ones, or take that big trip you’ve been planning, a new year always brings the feeling of an opportunity to make a fresh start. While you’re making resolutions for your personal life, it’s a good time to consider what you want to achieve in your business as well. 

Deborah Green is a Cree woman from Piapot First Nation in Saskatchewan, and has lived in Blackfoot Territory for the past 20 plus years. Deborah has spent her career working in recruitment and human resources, specializing in diversity and Indigenous recruitment. She has held positions as a recruiter at an Indigenous-owned staffing agency and within the oil and gas sector.