With less than two months until voters in Merchant Advance’s home province of British Columbia head to the polls for a provincial election, small business owners are a major audience for the platforms of parties across the political spectrum. And yet, in a new survey of members of the Canadian Federation of Independent Businesses (CFIB), […]
Credit card purchases are major drivers of small business revenue. In a 2014 study, results showed that Canadians used cash for less than 10 percent of their purchases. They also offer a significant number of protective benefits for consumers. Even though accepting credit can be a significant boon for a small business, it comes with […]
A thriving small business is most often a buzzing hive of things and people. It can take a lot of focus and careful management of your time and tasks just to stay on top of the obligations you need to meet – and that’s before you take some of the most common distractions that pull […]
Though millennials are often touted as the newest and most popular demographic making strides in the worlds of small business and entrepreneurship. much remains to be said about the population of baby boomers in Canada. Boomers, otherwise defined as individuals born between 1946 and 1964, make up a significant portion of the Canadian population – 27% […]
The announcement of a new federal budget is always a moment for small businesses to pay attention. The support of the government is instrumental in creating favourable conditions for local and small businesses to thrive, and 2017 is no different. Innovation to the Fore This year, the budget contains provisions that will likely benefit the […]
We’ve all had a certain kind of phone call: a firm, hopefully polite request to remit payment for some or other expense. It’s never fun to receive a request for payment, and for many small business owners, the discomfort around collections extends to situations where businesses need to collect unpaid invoices that may be piling […]
Filing for bankruptcy is the absolute last resort for a business that cannot find other avenues to clear up its debts and keep itself running. It can be a difficult, highly charged and emotional decision – especially for sole proprietorships or partnerships. While we would prefer never to see businesses have to file for bankruptcy, […]
Business growth and innovation would not succeed without entrepreneurial risk and commitment. At Merchant Advance, we’ve come to know hundreds of businesses who are ready to make that commitment to growth, and to build a foundation from which they can move forward more confidently. In their recent announcement of the Canadian Business Growth Fund, the federal […]
Every small business is unique, and no two businesses have the same definition of success. Especially for a newer business, measuring success meaningfully is critical. Measuring success in the small business world can be a challenge when one is often faced with having to compare themselves to larger or more established competitors, big winners on […]
As a small business, there’s a good chance that you may get to know your customers well. As in, really well – how did his or her kid’s hockey tournament go this past weekend? Can you get them the usual? The recognition and personal touch you offer may make repeat customers out of new ones, […]
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