Whether you're thinking about incorporating your business, putting down capital for an acquisition, or solving some of the challenges of your day-to-day operations, this compilation will give you the practical advice you need to start your 2022 strong.
Top 5 Business Articles of 2021
1. SWOT Analysis: Do you know the strengths and weaknesses of your organization?
The acronym SWOT stands for “strengths, weaknesses, opportunities, and threats .” You’ve probably heard of it before, but now is a good time to review this key strategic planning tool. Look at external and internal factors, analyze your company’s current situation, and position yourself for the new year.
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2. Cash Flow: Quiz for Business Owners
Cash flow is the fuel of a business, but many business lawyer database owners don’t know what cash flows are currently flowing through their company. The quiz is only seven questions long, but it will help you determine if you need to brush up on your financial management skills.
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3. Choose the right structure for your business
What is the difference between a sole proprietorship, a partnership and a corporation? One major difference is the tax advantages they provide. Incorporating a business in Canada is easier than you might think. It may be worth exploring, even for independent contractors and freelancers.
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4. What is the minimum down payment for purchasing a business?
When making an acquisition, the amount of your down payment is important because it will impact your finances for years to come. If your down payment is too small, you risk showing a lack of commitment to your lenders and investors. If it is too large, you could put your business at risk and fall prey to declining sales. This guide will help you prepare for the purchase of a business.
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5. A structured seven-step resolution process to address issues in your business
What should you do when major problems keep recurring? The issues you face can range from high staff turnover to misuse of resources, but do you feel like you’re constantly wasting your time putting out fires? Our expert offers a structured problem-solving process to eliminate the pitfalls once and for all.
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Guide No. 1 of 2021
Attract customers and sell online
With online sales on the rise, you might consider focusing on e-commerce as a New Year's resolution. Our free digital marketing guide will help you increase traffic to your website and convert visitors into customers.
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Most used tool in 2021
Financial Statements Template
This downloadable Excel spreadsheet includes income statement, balance sheet, and cash flow statement templates. If you don't use accounting software, you could create your financial statements manually with this template.
