In today’s business climate, organizations are expected to extend credit to their customers, as it enhances purchasing power and creates opportunities that may not have been available otherwise. However, offering credit is a balancing act for most businesses, as just one late payment or customer insolvency can put stress on
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How do you implement your company’s strategic plan? When was the last time you did a pulse check to see where strategic deliverables stand? How closely aligned are employees with the broader mandate of your company? Business leaders should ask themselves these questions regularly, but many are so caught up
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Projects fail. They fail all the time. We accept their failures and we accept the failure rate as part of business. Per the Standish Group’s CHAOS report, only about 30% of projects 2011-2015 were completed on time and on budget, over 50% were outright cancelled. What does this mean? An
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![[WEBINAR] May 16: Diversifying into New Sectors & Markets](https://pzllgg26ri3c19clxj8ntmy0-wpengine.netdna-ssl.com/wp-content/uploads/2019/05/bigstock-Global-Partners-Graphic-Use-Fo-76425008.jpg)
Canadian businesses are fortunate when it comes to exporting and trade diversification, since the federal and provincial governments support a wide range of strategic projects focused on building export capacity and reaching/expanding international markets. Over the next five years, the Government of Canada has committed $1.1 billion to help Canadian
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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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In a previous article we explored the risks and rewards of getting into export markets. Now that you’ve decided that the rewards outweigh the risks and that there’s a positive return-on-investment (ROI) in your export market plan, you need to start planning export market entry strategies.
In this article we’ll review
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Canada’s recently-released Fall Economic Update offers many provisions that directly support business competitiveness and make it easier to invest. Most beneficial to manufacturers is the announcement that the full cost of machinery and equipment can be written off immediately. Businesses outside of the manufacturing industry will also benefit from a
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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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