Merchant Advance Blog

Blog Roll

The Federal Budget: Small Business Perspective

Published on March 27, 2017

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 […]

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The Impact of Unpaid Invoices

Published on March 20, 2017

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 […]

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Bankruptcy: The Myths and the Facts

Published on March 15, 2017

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, […]

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Canadian Business Growth Fund Announced

Published on March 13, 2017

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 […]

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Measuring Success in a Small Business

Published on March 8, 2017

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 […]

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Defining The Customer Persona: An Essential Small Business Skill

Published on March 1, 2017

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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Tips to Keep Your Small Business Digitally Secure

Published on February 20, 2017

Cyberattacks: Not Just A Big Business Problem The rise of e-commerce has allowed small business owners to open the scope of their markets wider than ever before, but there are many potential downsides to shifting to online-centric models. One of these is the increased vulnerability to security compromises and hacking: as we have seen in […]

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TFSAs Hold Unrealized Potential for Small Businesses

Published on February 15, 2017

The Tax-Free Savings Account (TFSA) has become a valuable tool for personal financial planning, but a new report suggests that they are underused and poorly optimized relative to their potential for use as tools for small business investment. Youri Chassin, a researcher with the Montreal Economic Institute,  suggests: Modifying the rules that govern TFSAs by allowing […]

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Better Together: A Pride Tilt-Shift Story

Published on February 7, 2017

We were thrilled to get involved in one of our coolest projects to date, a short film created to bring awareness to members of the LGBTQ community who face isolation and/or misunderstanding from within their community. The video follows the narrative of 7 people, each representing different associations with the LGBTQ community. It starts with […]

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Burnaby Beer Fest

Published on February 7, 2017

Burnaby Community Services decided to ditch its annual black tie affair in lieu for a new fresh and FUNdraising event – the inaugural Burnaby Beer Festival. The event, which was a huge success, featured beer tastings from select Lower Mainland and Fraser Valley micro-breweries, food tastings and live music. Hosted at SpaceKraft, a local shared space for […]

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