Starting a small business often requires taking on debt. Whether it’s borrowing money to purchase inventory, equipment, or real estate, or using credit cards to cover operating expenses, debt can be a valuable tool for growing and improving a business. However, not all debt is created equal, and it’s important for small business owners to understand the differences between good debt and bad debt. In this blog post, we’ll explore the key distinctions between the two, as well as provide practical advice on how to make sure you’re making good debt choices and minimizing your company’s bad debt. B ..read more

Running a successful business requires a deep understanding of financial management, and business cash flow is one of its most crucial aspects. Cash flow is the amount of money that flows in and out of a business over a specific period. This metric is essential for understanding a company’s financial health, and it plays a critical role in the day-to-day operations and long-term success of a business. In this blog post, we’ll explore what cash flow is, why cash flow is important, how to increase the cash flow of your business, and more. What is Cash Flow? As mentioned above, cash flow refers t ..read more

Tabit launches partnership with Lenovo to offer Buy Now, Pay Later to B2B customers in Canada VANCOUVER, BC, March 14, 2023 /CNW/ – Tabit — Canada’s first B2B Buy-Now-Pay-Later (BNPL) solution offered at point-of-sale, announced today the launch of a new partnership with Lenovo. Lenovo will now offer their business customers Tabit’s BNPL payment method through their Tabit integration. In partnership with Tabit, Lenovo will now offer terms of up to 12 months to their business buyers, including a 30-day option at 0% interest. A first of its kind in the B2B space in Canada, Tabit and Lenovo are h ..read more

As a small business owner, there are a couple of things that are always good to keep in mind when starting a new year. A new year brings many challenges and being organized is key to keeping track of all the changes and solutions that need to be established. Making a checklist is an excellent opportunity to review what you already have and what you might need to update. Here are some things to consider: Review Your Website Having an updated website is a must nowadays since almost everyone expects you to have an online presence where they can easily learn more about you. Creating a website brin ..read more

Starting and running a successful business requires more than just an innovative idea – it requires sustained effort, hard work, and, perhaps most important of all, adequate funding. Without sufficient capital, the growth and sustainability of a startup could be compromised, potentially preventing it from ever reaching its full potential. Whether it comes from personal funds, venture capitalists, angel investors, government grants, business credit cards, online lenders, a bank loan or any other source, proper startup funding can be the difference between success and failure. In this blog, we w ..read more

Contrary to popular belief, the most challenging time for entrepreneurs is not during the initial stages of starting a business, but rather during the process of scaling for growth. A startup can often recover from initial mistakes, and the hard work of a dedicated few can make up for certain deficiencies; that said, once growth begins to accelerate, entrepreneurs are pressured to secure funding which can prove to be incredibly difficult without proper financial planning. This problem is especially true for startups and smaller companies who might have not done their due diligence when it come ..read more

Running a small business is not for the faint of heart. Not only do you have to keep track of money coming in and out, but small business owners also need to be aware of how their personal habits and decisions can affect the success of their venture. When you’re an employee, you are paid regularly and you can use that income however you want. You don’t have to worry about how the credit card debt you may have racked up in your personal life will affect your work life; it’s completely separate. But if small business owners don’t make sound personal financial decisions, they can easily put thems ..read more

When a small business is in need of financial assistance to cover its costs or grow in its market, choosing between a business line of credit (LOC) and a business credit card is an important decision. A line of credit, also known as a revolving credit facility, is a borrowing arrangement in which a bank, credit union or other lender, agrees to extend a maximum amount of credit to a borrower, who can then draw on that credit as needed. On the other hand, a business credit card is specifically designed for business owners to use for business expenses. Like a personal credit card, a business cred ..read more

As the world continues to become more digital and connected, eCommerce, which exploded during the pandemic, will only continue to grow. But before taking the plunge and entering this exciting and, at times, challenging field, you have to be prepared. Luckily, we can help! Here are 8 things you have to consider before launching an eCommerce business: 1. What Are You Selling? What Separates You From Other E-commerce Businesses? When you choose to start your own e-commerce business, you have to understand that there is a ton of competition. So when it comes to deciding what to sell, you have to m ..read more

Business development strategies are vital contributors to a company’s growth and success. By identifying and pursuing new opportunities, a company can increase its market share, generate new sources of revenue, and position itself for long-term growth. Business development refers to the process of identifying and pursuing new business opportunities for growth and expansion. This can involve a variety of activities, ranging from entering new markets or launching new products or services to building business alliances, or simply improving internal processes and systems. Crafting a business devel ..read more