When an idea sparked in Ismail’s mind a couple of years ago, he knew it was the right time to pursue it. As he came into his 30s and wasn’t getting much fulfillment from working as a General Sales Manager for a large corporation, he moved his life from Montreal to Edmonton and began his entrepreneurial path. His biggest motivator was never wanting to regret anything, to not look back when he gets older and think “I wish I had done that”.
Every bank and credit union has turned you down, you’ve gone through Canada Business Networks grant lists and there’s nothing you can use. You’ve worked your way through all the financing sources that we've sent and have still come up empty. Perhaps the only money that anyone is giving you is the change your grandma lets you keep when you buy her milk. It’s time to face facts, you’ve just discovered that no one is going to give you any money to start your business. Is that it?
To become an entrepreneur, you needn’t choose between people and profits. As tech entrepreneur Guy Kawasaki once said, “Great companies start because the founders want to change the world…not make a fast buck.” Caring people all over the world create businesses that are not only profitable, but also create lasting positive change for those in need.
Money makes the world go round. Okay, maybe that isn’t entirely true. However, as someone who is trying to get their business off the ground or trying to take their business to the next level, money is your lifeblood. It’s likely that every company is going to need financial assistance when starting up but before you rush to just any bank, organization, or family member to hand over money, it’s important you think through some critical things first.
Since she was 3 years old, Jacquelyn Cardinal has been calling herself a computer nerd and an entrepreneur. For as long as she can remember, she’s been building websites, and breaking and fixing computers. In junior high and high school, she always found a way to make money. She remembers handing her father $1,500 to deposit into the bank for her when she was just 13 years old.
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.
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.
So you’re ready to start your business but you’ve received mixed messages about tax implications for Aboriginal entrepreneurs. Does it depend on whether you are status First Nations? Is it about the business structure you choose or whether you operate on- or off-reserve? Or all of the above? Have no fear, you’re not alone! There is no right or wrong choice but it is important to understand the impact of each option and which will work best for you before setting up shop.
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.
Tax season is among us and this can be a bittersweet time for many small businesses like your own. Before we get to reap the benefits of our tax returns, there is lots of paperwork to be done which can sometimes be a little confusing. Below are some questions and simple, quick tips to help you along the way.