You have enough on your plate when starting a business, add in the complexity of understanding compliance and licensing and it can be downright overwhelming. Just ask Saylish Haas, co-owner of The Next Act Pub, a restaurant in the culturally rich, southside neighbourhood around Whyte Avenue in Edmonton, and Meat
With the recent developments in the economic landscape, Albertans have experienced significant change. Companies have seen a decrease in sales and are right sizing their operations to be affordable, but yet meet the current demand. More than 70,000 Albertans have been affected by company restructuring and they are looking for their next opportunity.
In many cases, the next opportunity may lie in starting up their own business. But is it the right time? Everyone is cutting back.
If the thought of doing taxes makes you cringe, you're not alone! Here are some simple tips to help you de-stress when filing your business taxes.
1. Know what you can claim if running a home-based business
Canada Revenue Agency (CRA) recognizes that many small businesses operate out of their homes, and because of this, a deduction is allowable in proportion to the amount of space that is used for the business. Some expenses eligible for claim are:
Amy’s bakery, Sugared & Spiced, started taking form 4 years ago. Her creative cookies first premiered at the Highlands Farmers’ Market, and with an overwhelmingly positive response, she furthered her passion by taking a 1 year baking certificate course at NAIT. After taking some time to get industry experience working in cafes and figuring out what direction she wanted to go in, she quit working unfulfilling part time jobs, and ventured out on her own.
Patrons who walk through the door of Edmonton's Corso 32 are almost inevitably assured of impeccable home-style Italian fare created by owner/chef Daniel Costa and his team.
But it's what's not on the menu that plays an equal role in the accolades heaped on the Jasper Avenue restaurant, which has won multiple awards since opening nearly six years ago.
With the recession predicted to last through late 2016, Alberta businesses continue to face tough decisions when it comes to marketing.
Meagan’s fitness studio, BeFIT, began taking shape two years ago. Like most entrepreneurs, a few things inspired her to take the leap into starting her own business. She really wanted to create a place that customized training to every individual's needs. Before turning her passion into a flourishing business, she found it hard to get time off from work for important personal endeavors. Now that she owns her fitness studio, she can balance clients’ needs, her needs, and also her dog's needs!
The problem is not that the times have changed, or the marketplace, or the economy. The problem is that business has not changed to keep up.
Here are the top four reasons I see entrepreneurs struggling over what they can do to revitalize their business.
No brand differentiation
3 ways to know it’s time to outsource your content
Pop quiz in my best Dr. Phil voice: how’s that website workin’ for ya?
If your first inclination right now is to cringe, you’re in the right place. So many small business owners don’t feel accurately represented by what’s written on their website, and no wonder—the content is often thrown together in between meetings and core work, and it’s an afterthought in the grand scheme of a working day.
Crowdfunding is a rapidly growing movement that uses an online portal for entrepreneurs to attract money, insights, and marketing for their business from a local or global crowd. According to Forbes, the crowdfunding industry is on track to account for more funding than venture capital this year. Check out these tips on how crowdfunding can work for you: