Let’s get straight to the point. A major reason small businesses fail is simple: They are not paying attention to cash flow issues. We know. Running a small business requires you to be a jack-of-all-trades. …
Reducing your Business Costs in a few Simple Steps
As a business owner, you know that there are two key levers you can pull in order to increase profitability: driving more sales and reducing your expenses. Here are some easy ways you can reduce …
How to Manage Overdraft and Non-Sufficient Funds (NSF)
What are Non-Sufficient Funds (NSF)? The term non-sufficient funds (NSF), also known as insufficient funds, refers to a situation in which you do not have enough money to cover an expense. You may receive a …
How to Get a Refund for Overdraft and Other Bank Fees
An overdraft occurs when money is withdrawn in excess of what is available in your account. It is an extension of credit provided by a lending institution when an account balance reaches zero. Overdraft allows …
Inflation Poses New Challenges for Pandemic-Weary Businesses
Recently, Canada has seen a sustained increase in the cost of goods and services, and according to the Canadian Federation of Independent Business (CFIB), we can expect a worsening inflation picture in the near future. …
Understanding the Relationship Between Inventory & Cash Flow
If the incoming cash is less than the cash going out of your business, it impedes the growth of your venture. A healthy cash flow is imperative for your ability to pay employees and suppliers. …
5 Tips for Better Small Business Cash Flow Management
If you’re a small business owner, effectively managing cash flow is an essential component to your survival. The first year is critical for any startup and if you don’t keep a track of your cash …
What is a good rate on a business loan?
Whether you’re an entrepreneur just getting your business off the ground or the owner of a small business that’s a few years in, there are many ways a business loan can help you manage your …
How to grow your business in 2021
If you’re planning on improving or growing your business, there are a number of important factors that you need to consider in order to succeed. By evaluating the core areas of your business, you can …
Thinking Capital featured in The Globe and Mail’s small business borrowing guide
To grow your business successfully, you need to have proper cash flow in place. Most small business owners need business financing, such as a small business loan or a business line of credit, to help …