This tool helps you understand the five forces that impact your business environment: competitive rivalry, supplier power, buyer power, threat of substitution, and threat of new entry.

Date: 2018/01/01

Why do some business owner/managers hit the profit target more often than others? They do it because they keep their operation pointed in that direction. This aid gives suggestions that should help an owner/manager to zero in on profit. It points out that you must keep informed, make timely decisions, and take effective action. In […]

Date: 2011/11/16

Profit is residual. It is the consequence of what happens in and to your business.  Some of these things are within your control and some of them are outside your control. If you’re going to have any effect on your profit, you have to focus on those things over which you have control… so, what […]

Date: 2011/11/16

If time is money, how much is yours truly worth? If you charge less than your competition, potential customers might question the quality of your services. On the other hand, if you charge more, they might be frightened away. Somehow, you need to find a safe middle ground — a reasonable price that attracts customers, […]

Date: 2018/05/07

A significant percentage of Canadian women entrepreneurs express growth intention for their businesses. The top personal barriers to growth include business skills and management experience, family responsibilities, financial strength and literacy, and confidence levels. Firm-related barriers include financing and profitability issues, HR issues, and skills and training issues, top external barriers identified were regulatory and […]

Date: 2014/10/29

Taken from our September 2009 eNewsletter, this article written by Ken MacLeod examines: Should couples work together in business?  Working and living together could create conflicts which impact the relationship and potentially the company’s profits, not to mention the added stress it could bring to any staff involved in the crossfire.  Staff needs have to […]

Date: 2013/10/07

The primary concern of inventory management in manufacturing is to maintain raw material and finished goods inventories at levels that are not too low as to result in lost sales or costly production delays or too high as to tie up capital and space. The marketing success of your business depends upon your ability to […]

Date: 2013/10/07

In many retail and wholesale operations, the single largest asset is inventory. Control of this investment is vital. It will eliminate a number of the problems associated with capital shortages and will also provide capital to permit expansion of operations for increased sales and profit. The marketing success of your business depends upon your ability […]

Date: 2013/10/07

The BC Chamber of Commerce is a not-for-profit organization representing the interests and concerns of local Chambers of Commerce and corporate members from across the province. The BC Chamber of Commerce – the Voice of Business in BC – gives the business community a presence on the provincial level.

Date: 2013/10/03

From the Department of Agricultural Economics (Cole Ehmke, Joan Fulton and Jayson Lusk) comes this document and worksheets that will help you understand the 4 P’s of Marketing.  The four P’s—product, price, place, and promotion—should work together in your marketing mix. Often, decisions on one element will influence the choices available in others.   Selecting an […]

Date: 2011/12/07