Understanding the break-even concept is critical for entrepreneurs

Credit to Author: Shalini Dharna| Date: Wed, 21 Aug 2024 13:10:04 +0000

Starting a business can be an exhilarating adventure, filled with hope, creativity, and the promise of success. However, it also comes with its own set of challenges and uncertainties and for most entrepreneurs a common area of anxiety is finances.

The post Understanding the break-even concept is critical for entrepreneurs first appeared on Canadian Immigrant.

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The importance of a mid-year review for entrepreneurs

Credit to Author: Shalini Dharna| Date: Tue, 02 Jul 2024 14:52:29 +0000

A mid-year check-in serves as the perfect opportunity for entrepreneurs to reflect on your achievements, realign your priorities, and make adjustments for the remainder of the year. This practice not only helps you stay on course but also allows for course correction and improved focus.

The post The importance of a mid-year review for entrepreneurs first appeared on Canadian Immigrant.

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Small Business Month: startup tips for newcomers

October is known as Small Business Month throughout the country — a time to recognize the significance that the small and medium-sized business sector has in the Canadian economy. The majority of  Canadian firms are, in fact, small businesses; 1,143,630 out of 1,167,978 are small businesses across the country and 70 per cent (or 8.2 million) […]

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Business plan basics for immigrant entrepreneurs

The challenges immigrants to Canada face when trying to set up a small business are many and varied. There are, of course, cultural differences, lack of support networks, inability to get bank loans and the challenge of choosing a business that’s both a good fit in Canada, but also plays off your international experience or […]

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