Choosing an Effective Company Name

Choosing an Effective Company Name

Choosing the right name for your business can be a daunting task that can leave quite a few “what ifs.” Do you want it to be personal? Should it be catchy and punchy or should it be straight to the point? A good name is memorable, stands out from the crowd, speaks to...
Tips for maximizing cost reduction and cost control

Tips for maximizing cost reduction and cost control

Many business owners will find sales slumping now and again as trends, seasons, and buying habits change, and no matter what, slow sales mean a threat to your profits. Or do they? Objectively, if you’re not bringing in as much money, yes, your profits will suffer, but...
Things to consider before going into business with family

Things to consider before going into business with family

Starting a business with a family member or multiple family members might seem enticing at first. You’re comfortable with each other, you may already have shared finances, and you likely have a good read on their capabilities. Just like mixing “business with pleasure”...
Covering your assets: The importance of due diligence

Covering your assets: The importance of due diligence

Anyone who has ever bought or sold a business — or has even thought about it — has likely heard the term “due diligence.” Most people, however, don’t fully understand it or tend to underestimate its value. Due diligence is defined as “reasonable...
Getting Creative When Financing Your Acquisition

Getting Creative When Financing Your Acquisition

Mergers and acquisitions are a thriving part of the Canadian business landscape. In the first half of 2018, M&A activity was worth $93 billion CAD, and it has been growing quite steadily since 1985. Clearly, small- and medium-sized businesses in Canada are alive...