Whether you’re a long-time business owner or just getting started, incorporating can be confusing. So, for our Ontario entrepreneurs, we’re going to break down the process.
The first step is to decide if you want to incorporate federally or provincially. One factor to consider is whether or not you’ll be doing business in multiple provinces.
With either choice you can still operate in other provinces, but a Federal registration will ensure that your business name available for use without having to do an additional name search.
You’ll also have to file Articles of Incorporation, which will need to indicate whether you are registering a Named or Numbered Corporation, provide Corporate Schedules and the Director(s) & Incorporator(s) information.
Upon approval, you’ll receive a Certificate of Incorporation and your completed Articles of Incorporation. Now, you’re on your way to the advantageous world of being a corporation!
What advantages, you may ask? Let us count the ways. Here are 14 benefits to incorporating in Ontario.
The scenario might be all too real.
You’ve created a product or service that you know customers will love. You’ve put the time and effort into preparing a business plan and you’re ready to get started.
There’s just one problem. You have no clue what to name your business.
Maybe the perfect name is already taken. Maybe what you provide is so unique that there’s simply not a word that fits it. Maybe your brain is just fried and you’re out of ideas.
Regardless, it’s important to stay the course and keep researching. Creative company names could make all the difference in how successful your new business becomes.
Need proof? Science actually proves that we subconsciously form initial judgments on others based on their names, and those same thought patterns also affect how we view brands that compete for our attention.
Go retrieve that rolled up piece of notebook paper from the waste bin, unroll it, and grab a pencil. Today, we’re breaking down the relationship between your company name and your bottom line, and how to pick a company moniker that sets you apart for all the right reasons.
Ready to learn more? Let’s go!
You’ve got this excellent business idea you want to carry out, but lack the funding to see it through. This is a problem many entrepreneurs have when trying to start or grow their business.
But that shouldn’t stop you from achieving your business goals. If you’re serious about starting or expanding a business, there are options to look into.
One, in particular, is opening up a small business line of credit. This is much like applying for a credit card or personal loan.
If this sounds like something you need to boost your capital, then continue reading.
Let’s review what you’ll need to qualify for a small business line of credit.
Have you lost your creative motivation, your drive, or perhaps you’re just new to marketing? Are you unsure of how to get a leg up on the competition without breaking the bank?
No matter your circumstances, a solid marketing strategy is essential to any business. Especially small businesses that may not have a large budget.
A rock-solid marketing game plan will help your business capture more leads, conversions, and ultimately, more sales in your business.
Thankfully, old-school marketing tactics have found their way into the rearview mirror, for the most part. While new, more potent marketing tactics come to the forefront and have leveled the playing field for small businesses.
Even if you’re working with a low budget, there are still plenty of effective ways to market your business. Today we’re revealing 11 of the best low cost marketing ideas.
Starting a new business can be an equally exciting and stressful process.
As much as you want to get your idea up and running, you need to plan carefully. Everything from your first group of employees to deciding on the brand and logo matters.
However, it can be confusing to know where to get started.
When it comes to funding, there are a number of ways to gather the money you need to get your startup running.
Here is an in-depth look at the most common startup funding options available to you.
New businesses face a number of challenges.
If you’re a small business owner or looking to start a business, overcoming these challenges could make the difference between success and failure.
Growth is a good thing, according to McKinsey data, high-growth companies offer a return that’s five times greater than those that grow at a medium pace.
However, it’s a fact that as your business starts to get bigger, you run into growth challenges.
Knowing and planning for these potential pitfalls can help you prepare for and overcome any growth issue you will face.
This article will explain how to overcome the most common growth challenges for a new business.
Creating a successful startup isn’t easy. There’s a lot to learn in a short amount of time if you want to launch within a year.
Businesses are continually changing. Competitors seem to be one step ahead. But how can you catch up quickly?
By having a strong startup marketing strategy.
You may have a great product, but if no one knows about it, how will you gain customers?
90% of startups fail. Don’t be a part of that huge number. Instead, be the 10% that makes it and thrives.
Ready to up your startup marketing strategy? Read on to find out all the mistakes you need to avoid.
Now more than ever, people are choosing to open their own businesses in Canada.
No matter what industry you’re in, it’s crucial that you prepare a business plan. Doing so will help you clearly define your objectives, set reasonable goals, manage cash flow, and decide on your priorities.
And, since 9 out of 10 new businesses and startups fail, taking the time to prepare a business plan helps you land in that coveted 10%.
But what does it take to create a solid business plan?
Read on to find out.
Do you want your business to stand out and be successful in your industry?
Then you will need a strong brand that attracts and retains customers.
Did you know that only about 70 percent of small businesses remain operational after two years? Stretch that to five years and business survival falls to 50 percent!
If you want to succeed and remain profitable for decades to come, you will need to develop a great branding process. Keep reading to learn about our top 10 ten tips for improving the branding process in your small business.
Are you looking to start your own business in Ontario? First of all, great choice!
Canada is one of the top ten countries to start a business in.
Now that you’ve picked a great country, do you know all the company registration information needed to start your business?
If you’re shaking your head “no”, it’s okay — you’ve come to the right place to learn all about it. We’ll take you through what you need to know to get started.
Ready? Let’s get into it!
If you are thinking of starting a business, Canada is a great place to be.
For the past two years, Canada has been ranked in the top 1.8% (out of nearly 200 countries) as a place conducive to starting a business, according to data collected by The World Bank.
Doing business in Canada can be rewarding in many ways. And the process to get started is fairly simple, compared to that of other countries.
But there are some things that you’ll want to know before you start to ensure your success from the beginning.
Here is our list of things that you should know before doing business in Canada!
Congratulations on deciding to take the leap into the world of business! Whether you're opening your own business, growing your family business, or taking over a struggling business, there are ways to ensure that you successfully handle the stages of business growth...
Hiring the right person for an open position starts with a good job listing. If you’re posting a job without considering some key concepts, you’ll end up wasting time with the wrong candidates.
A quality job listing should be used to filter potential candidates.
The majority of job searches are now done online. This has changed the way job posts are created and delivered.
Unlike the traditional newspaper or magazine job ads, online job postings are much more involved and can reach people through a number of different outlets.
In addition, the way people search for jobs has changed drastically. People’s search behavior and the way they view information online has changed the way we draft content. This also applies to posting a job.
The great thing is that we can observe the way people interact with content online which gives us insight on how to improve our results when it comes to finding the perfect employee for a job.
Do you have the ability to predict the future? Sadly, no one does. If you own anything of value, then you must protect it in case the future is not what you expect.
That’s when insurance services come in. They might not have the full ability to predict the future, but they protect you when the unpredictable happens.
You have the right vehicle insurance, or home owners insurance, but what about business insurance?
Here are the reasons you need to be informed about the right insurance services for your business.
Small businesses often start with an idea and a big vision.
In 2015, Canada registered 1.14 million small businesses, and 21,415 medium-sized businesses.
But starting a small business is no small task. For the first time business owner, all the steps to get started can be daunting. That’s why we’ve put together this guide for starting your small business, and given some key steps and tips for a successful startup.
Let’s get into it!
A stunning 96 percent of businesses fail within the first ten years.
For a new business owner or someone who has been dreaming of starting their own business, this statistic can be terrifying.
But these businesses aren’t failing because there isn’t a market for what they are selling. Instead, most businesses that fail do so because of poor business practices.
If you’re a business owner or are thinking about starting your own business, there are plenty of entrepreneurial resources available that can help you avoid some of the pitfalls that unsuccessful businesses succumb to.
Use these resources to build your business skills and continue your education, keep your finances organized, plan for the future, and communicate with clients.
No matter what type of business you have these entrepreneurial resources can help you. Keep reading to check out a few of the best resources available to small business owners!
Do you hear the term SEO and feel your heart sink?
Do you pretend to know what SEO means while secretly feeling baffled?
Are you embarrassed by your pitiful SEO knowledge?
Don’t worry – we’re here to help.
We’ll be sharing the answers to some of the most common SEO questions, using simple language and zero complicated jargon.
By the end of this post, you’ll be armed with all the information you need to start developing an SEO strategy for your own site. With 93% of all online experiences starting with a search engine, you simply can’t afford to ignore SEO.
Ready to shed some light on the confusing world of search engine optimization?
Let’s do this.
When you’re just starting your business, you want to fill your staff with people you can count on. You want the best employees who are dependable, great at what they do, and eager to learn.
So just how do you find these candidates? It starts with knowing which traits to look for, and which aren’t a great fit for your company.
In this article, we will walk you through the traits of a good employee, making the hiring process as efficient and rewarding as possible.
Ready to learn? Let’s go!