Articles / Small Business

Volume 16, Issue 2

Reorganize. Or die.

How do you run a successful Canadian small business? Buy a large one and wait.

It is a classic joke that is not too far from reality looking at the current horizon of business health in Canada. Looking closely at the Globe and Mail’s “Top 1,000” Businesses in Canada shows that only 407 of them were profitable last year!

As our local and global economies shift, creating a tremendous array of opportunity, a lot of business leaders are still waiting for things to come back or turn again... Keep Reading

Volume 16, Issue 2

On your mark, get set, grow

In these volatile economic times, small and medium sized enterprises (SMEs) are confronted with difficult decisions. First and foremost is the challenge of balancing operating costs while intelligently growing their business. This becomes even more pronounced when examining innovative, fast-growth companies with evolving business

needs. Beyond payroll, the most significant recurring expenses for SMEs is typically rent, equipment and inventory, so making affordable real estate decisions can... Keep Reading

Volume 16, Issue 2

When a business ceases to be small- it loses something

Don’t get me wrong – it’s a normal aspiration to want to grow larger. It’s instilled in us from the day we start to crawl, but mass (not size) isn’t everything. Rather, it’s the quality of the product, service and delivery that counts.

I have been fortunate enough to have created numerous startups. Not all have been successful, and the failures take a toll. I’ve also run an incubator business, working to mentor and steward entrepreneurs.

Trust me, the problems are the same in... Keep Reading

By now, most of us have heard of factoring, also known as accounts-receivable financing.

It has become a highly effective way for business owners and executives to inject cash and emerge from cash-flow crises without negatively affecting the core business.

Alberta-based capitalNOW has become a leader in helping Western Canadian companies through factoring. In so doing, they have also created an exceptional investment opportunity.

Art Smith of capitalNOW explains the business model:... Keep Reading

Lyons now pride of Guardian Risk Managers

Jamie Lyons has been hired as president of Guardian Risk Managers Ltd. After spending the last 13 years with Guy Carpenter & Company in Toronto, Lyons was most recently managing director and part of the Canadian senior management team. GRM is a leading MGA provider of commercial lines and niche personal line products to more than 500 brokerages across Canada. Lyons will oversee all aspects of the organization and will be in charge of development and... Keep Reading

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