As your business grows, you might consider new funding sources. These can be used to help you grow or to act as a sort of security blanket for the business. Either way, it's important to go have everything you need in place before opening new lines of credit.
The Harper Government recently announced that it would be implementing an Economic Action Plan (EAP) that would be beneficial for Canadians due to its focus on judicious fiscal management and low-tax plan for jobs, growth and security. But how will this directly affect you? How will this impact your small business and how can you take advantage to ensure that your small business reaps the benefits?
For the last few years numerous Canadian businesses have been struggling. What with the recent recession plus currency volatility, it has been hard for some companies to stay afloat. Yet certain industries appear to be flourishing. Any entrepreneur, whether they have as their goal to start a new business aligned with market trends or whether it is to expand an existing company in the right direction, should be aware of which industries are growing the fastest.