Budgeting is a crucial aspect of business planning, whether the business is a start-up or an established operation. It is a process of making a plan of future income and expenses, capital expenditures, and cash requirements over a period of time, generally within a 12-month period.
The most common budget consists of income and expenses, where projected revenues and costs are determined based on reliable information to achieve the desired profit.
Budgeting is an effective monitoring tool in measuring the financial performance of the business by comparing the actual results of operations versus budget.
Many people believe that a mortgage is exclusively used for buying a home. However, you need to remember that there are four typical purposes that mortgages are used for. This includes purchase, refinance, equity takeout and bridge financing.
By Baqar Bhatti LLB, CPA, CMA, CGMA | CEO & Owner of Panacea at Zenith | Mortgage agent with Search Mortgage Corporation | 289-952-3494 | pazca2017@gmail.com | www.pazca.com
This podcast briefly explains the steps that may be taken by a tax filer and his or her authorized representative to reply to a CRA inquiry letter to make sure that the reply looks professional, and it is supported by the relevant evidence.
There are two savings schemes available for Canadian residents and citizens. These schemes are TFSA and RRSP. Based on the respective merits and demerits of both saving schemes, it appears that TFSA is more advantageous and one may opt for RRSP only once the TFSA room has exhausted.
This podcast provides an overview of the importance of strategic planning for small businesses in a post-pandemic business environment to ensure survival and growth.
Can Technology Be a Delay in the Growth of a Small Business?
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It is definitely a must to stay abreast with what is happening in the techie world, however, if operating the business does not require this new app or that new tool then it is definitely not a wise business decision to get it…
By Grace Nasralla, Business Blogger | e-presence Consultants Inc. (founders of BizReflections, The small business blog) | info@e-presence.ca | www.e-presence.ca.
Restructuring the Business Model to Meet Customer Needs in a Pandemic Era
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What truly have differentiated businesses that are meeting their monthly revenue from businesses that are struggling to survive is innovation in remodelling the business to meet customer needs in a pandemic that really hit the business community hard. Here are 4 tips to guide a business to innovatively remodel its offerings.
By Grace Nasralla, Business Blogger | e-presence Consultants Inc. (founders of BizReflections, The small business blog) | info@e-presence.ca | www.e-presence.ca.
This podcast provides an overview of possible implications for CERB recipients who wrongly claimed the CERB relief or those whose cases fall in grey areas suggesting actions that they may take to avoid penalties.
This Podcast provides an overview of the importance of co-working space in today’s market. With soaring commercial lease prices now more than ever, entrepreneurs and small to medium size businesses are depending on co-working space to help their operations thrive.
This podcast provides an overview of the rationale behind adopting a progressive direct tax system to increase government tax revenues based on the principles of equity and equality.
This podcast provides an overview of the importance of financial analysis for the growth and profitability of a small business by engaging a financial analyst who can suggest measures to improve growth in business profits.
How To Make Time Spent At Business Networking Events Worthwhile
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Understanding the influence of people’s behaviour in the dynamics of networking will guide the approach used with different personalities, and in return it becomes easier to meet objectives behind time spent at business networking.
Grace Kusta Nasralla, BA, Dip(hons), MOS, MCT | Grace is business blogger, founder of Ontario Small Business Network (OSBN®) and co-owner of HUDDLESPACE™ | grace@nasralla.net | www.bizreflections.ca
This podcast provides an overview of Hexagon Business Growth Model (HBGM) that sheds light on six key factors within the control of a business owner to stimulate business growth.
As an OSBN® initiative to highlight entrepreneurship, we decided to start interviewing entrepreneurs from different industries. This is our first episode and we are starting with Dale Stoneman of LegalShield.
