Traditional approaches to business budgeting often rely on adding or subtracting from previous budgets according to anticipated changes over the coming period. While this approach can provide reasonable budgets, it can also instill the wrong mentality in employees.
With the traditional approach to budgeting, people try to make sure they’ve spent
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Businesses rarely remain competitive with the same product offering they’ve always offered. In these rare cases, companies operate in a unique niche that presents high barriers to entry (capital, expertise, IP, etc.), and benefit from a low-to-no competition environment. No considerations need to be provided for the product life cycle
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Consider this scenario: A customer asks your company to manufacture a part according to certain specifications, which were outlined in a contract. He needs to add the part to his product and ship it to his customers by a set deadline.
Your company creates the part, but due to an error
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To overcome growth challenges, businesses should use a combination of equity, bank financing, and government funding. Each source of investment capital supports aggressive but sustainable growth plans and enables companies to act on emerging market opportunities.
Fortunately, businesses can learn more about Canadian and Ontario government funding to support business growth
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While there is greater gender equality in the workforce than ever before, there is still a gender divide amongst top leaders and entrepreneurs. Less than 16% of Canadian small and medium-sized businesses are women-owned, yet the full and equal involvement of women in the economy is essential to Canada’s competitiveness.
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To overcome growth challenges, businesses should consider using a combination of equity, bank financing, and government funding. Each source of investment capital supports aggressive but sustainable growth plans and enables companies to act on emerging market opportunities.
Fortunately, GTA-based businesses can learn more about Canadian and Ontario government funding by attending
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Small business owners frequently face challenges when scaling their operations. With limited cash flow, most seek financial support for growth projects through banks. However, business owners are often rejected for loans and other financial products because they’re deemed a high-risk borrower. As a result, their business stays small and unable
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Accessing government funding for the first time might seem daunting without knowing how the process works. If your business is new to the funding landscape, it’s important to understand the different types of funding programs and how to navigate the application process.
Fortunately, Hamilton and GTA-based technology firms can learn more about government
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High-performing organizations have leaders whose character shines. Courage, drive, accountability, integrity, and good judgement are the mainstays of what leaders bring to the table; however, great leaders also embrace humility, justice, humanity, patience, collaboration, and transcendence. These are the 11 dimensions of Leader Character.
Southwestern Ontario businesses can learn about Leader
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Most companies that use Canadian government funding approach the process by matching their project to one funding program. While this is a step in the right direction for many businesses (since only half of companies use grants and loans), it’s also a missed opportunity to leverage even more funding for
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