When faced with a sudden need for capital, some business owners end up borrowing money between themselves, other investors, and their own company coffers – without analyzing the true costs and benefits.
As we get closer to the April 30th deadline, personal taxes are on everyone’s mind. Whether or not it’s also year-end for your corporation, you can save significant sums of money by knowing the rules and avoiding the common pitfalls of filing taxes as a family-run company.
Market research is especially integral for the successful expansion of a business into new international markets. A thorough market research process will help you screen potential markets and identify which are the best fit for your business, allowing you to focus on a success strategy to enter those particular markets.
An export plan is essential for any business that is planning to enter international markets. It’s a business plan tailored specifically for international markets that will help you identify your target market, understand what resources you require, outline your next steps and define your export goals. In addition to being the roadmap that will help your business succeed, export plans are often a requirement to obtain institutional financing. To help get you started, here are some guidelines o
Global value chains are a popular way for businesses to increase efficiency and productivity, decrease overhead and deliver quality products at the lowest price possible. Rather than being the sole producer of their Canadian exports or relying entirely on the foreign market, more and more businesses are beginning to outsource certain components of their products or services. These components include everything from concept to R&D, production, marketing, distribution and even consumer support.