When a business is not paid for weeks after a sale, it is effectively providing short-term financing to their customers, something called “trade credit.” This type of credit can be valuable for small businesses, but the maintenance of timely payment relationships between businesses and their suppliers takes time to achieve and must be managed carefully. […]
Credit card processing is a major component of the payments infrastructure for almost any small business. At least 89 percent of Canadian consumers carry credit cards, and spending on credit has increased by single-digit percent values since 2010. However, one of the biggest recurring financial obstacles that small businesses face is the continued obligation to […]
In a small business landscape where cash flow is king, seeking out alternative sources from which to supplement your business’ access to this resource is generally worth the time and effort. Tax credits with cash refunds are some of the incentives which small business owners would be wise to investigate. They vary from province to province, but […]
For many small businesses, it’s an unwelcome fact: it can be hard to find a source of funding and working capital. This is especially true for newer businesses looking for the financial foothold needed to get going, but also for established businesses that need to adjust to changes in their market niche or operational plans. […]
“Cash is king” goes the saying when it comes to business practices. While it still holds true that maintaining a steady cash flow is extremely important for the health of your small business, the value of that expression may be changing for your customers. The King Dethroned In a study for the Bank of Canada, Ben […]
Some readers of the blog may recall our post detailing changes to the fee structure for credit cards in Canada, designed to make processing of payments more affordable and give incentives to consumers. As of yesterday, Finance Minister Joe Oliver announced a new set of credit card regulations that address merchant- and consumer-side concerns about […]
Approaches to Improving Your Credit Score Lines of credit are a significant resource for both individuals and businesses. They demand a high degree of financial responsibility: overuse of too many sources of credit can have a dramatic negative effect on your credit score. For those individuals who have reported credit scores on the lower side of […]
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