If you're running a business, then you know that cash flow is one of the biggest challenges you'll face. The good news is that there are ways to get capital for your business if you need it! In this article, we will discuss different types of financing options and how they can help your company grow.
Read MoreYour business is only as good as your capital strategy. If you don't have a plan for the financial growth and development of your business, then you're likely to find yourself floundering at some point in the future. If you want to get ahead of the game, it's time to develop an effective cash flow plan that will help you maximize profitability while minimizing risk.
Read MoreHow long does it take to get money out of an ATM? Some have been in countries where their access to their cash has been locked due to local strikes and economic crises. In those situations, the only thing worse than not having your money is having no idea how much time you have before you can use your cards again.
Read MoreWhen the economy takes a turn, people start to panic, thinking that a recession will be the end of their business. But what if you knew about the steps you can take to keep your business thriving, even in these tough times?
Read MoreCEO, CFO, COO, CMO... The list goes on and on and there are some titles that are made up on the spot. To some people, it’s all about the title. They want the prestige. They want to impress when they walk in a room and hand over their business card (if business cards are even a thing still). To others, it’s a calling. It sounds funny, but its true. When you meet a real C-suite executive, who knows their stuff and is serious about their duties, it’s a game changer. You can tell immediately that they are answering a call to fulfill that role, they aren’t “playing for the camera”.
Read MoreWhy do some people think selling is easy? Why do some companies continue to hire the wrong salespeople? I have to think this is due to not understanding sales itself, or just needing a warm body to fill a chair. Either way, this approach of hiring a “non-salesperson” to fill a sales role is detrimental to a business that relies heavily on salespeople.
Read MoreIt’s always funny when people say they want to be their own boss. What they really mean is that they want to not have to punch the clock and answer to anyone else. In my humble opinion, there is a huge misconception when it comes to being a business owner. What does it mean, truly?
Read MoreThe world is full of dreamers and doers. The dreamers play a key role, but without the doers, the idea never sees the light of day. Execution is vital, and having the will and the determination to execute, even when the chips are stacked against you, is the real definition of an inspirational person (in my opinion).
Read MoreThere have been some recent events which have sent a shockwave throughout the finance industry. Executive teams using funds from their lending pool for personal gain, deleting tens of thousands of emails intentionally…the list goes on and on. They don’t care about you; hell, they don’t even care about their shareholders or investors. They care about their own “success” and that illusion is getting bigger and bigger.
Read MorePeople and ideas come in many forms. Sometimes they require real creativity and bravery. We have heard many people say over the years “It’s how we’ve always done it”. This is the most overused, chicken shit phrase we’ve ever heard, and we laugh when we hear it now, because that’s not how you advance in today’s world. The status quo is a curse word in business. Adaptability is becoming more and more important in an ever-changing corporate landscape.
Read MoreTo borrow or not to borrow? To find equity partners or bootstrap it? These questions are the hot topic of any company who is looking to expand their market, their product offering or their services. Like most things, it takes conscious capital – financial and human capital.
Read MoreCall it what you want, it’s not an easy road when you’re doing it all alone. There are positives and negatives to being a solo flyer. There is a lot of loneliness and uncertainty that comes with being a business owner or founder, and many need to have someone to constantly support them in their journey, but being solo suits some people just fine as well. There is a segment of entrepreneurs though, who thrive when they have support of a partner or key advisor on their team.
Read MoreThe question we raise is towards certain bank representatives. We see the side of banking that the public doesn’t see. We talk to them and negotiate with them daily…the side that we are exposed to though, is actually the authority, not the banking representative. When you sit with a bank representative, they will attempt to collect your information, do their own preliminary review, then provide positive feedback, saying something can be done (usually prematurely).
Read MoreSimply put, if you are a Canadian business, you could be talking to far more lending institutions than you thought possible. Most entrepreneurs don’t know that many of our US lenders will lend to Canadian companies. If you are an American business, there are so many lenders you have available to you, but you likely do not have the relationships required in order to connect with them directly. If business owners on both sides of the border saw the list of banks and lenders available to work with, it would overwhelm them.
Read MoreIt’s a loaded question. Many would assert that success means a lot of people are buying your product or service. Others believe success is the ability to create something that grows and carries on long after you’re gone. Some think success is starting a company and then selling it for a high multiple. Then there is another school of thought that links success with work/life balance, remote working, or the ability to create employment for hundreds or thousands of people.
Read MorePeople joke about the “crystal ball” and “looking into the future” all the time, but you would be surprised how many business owners don’t have a plan, leave their success in the hands of chance and are simply “winging it”.
Read MorePicture it. You’ve started a company, maybe even with a partner. You’ve been doing well, and your company is making a name for itself. Expansion is on the horizon, but with the capital you currently have, you’ve hit a plateau. It’s inevitable, and you know you need more capital, but both yourself and your partner are exhausted after reaching out to several bankers you know.
Read MoreThis is the place where you can find Nicole Gomes's Apple Crisp Recipe for you to download.
Read MoreWhat’s your plan moving forward? How can you best prepare for when you are generating revenue? How can you comeback with a stronger company than before? Ask for help.
Read MoreBuilding a solid relationship with friends, family and spouses is key. It's just as important with your money. Make sure you take care of your money, like you would the people around you.
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