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Author: Women's Enterprise Centre

Women’s Enterprise Centre (WEC) is proud to announce that our CEO, Laurel Douglas, has been named a Finalist for the 2019 RBC Canadian Women Entrepreneur Awards for the Social Change Award. The RBC Canadian Women Entrepreneur Awards are the pre-eminent national business awards recognizing the country’s leading female entrepreneurs. Now in its 27th year, the […]

How to Increase Sales

If you want to grow your business, you have three options: increase your profits, increase your sales, or both. We discussed 5 common strategies to increase profits in a previous blog, so in this post we focus on increasing sales. It’s not rocket science: you either need to sell to more people (a.k.a. increase your […]

Increase Profits - 5 Strategies

So, you’ve decided that you want to grow your business. Will you do it by increasing sales; increasing profits; or both? Only you can thoroughly assess your situation and decide which strategies are best for you or create unique ones based on you and your business, but here are some ideas. If you want to […]

Read this article for top tips before you sign a commercial lease

A commercial lease is a critical agreement for your business. If you think you’ve found the perfect location for your business, your first instinct may be to sign on the dotted line. But, before you rush into it, consider these six factors to make sure you’re setting your business up for success. 1. Take time […]

The Honourable Mary Ng celebrates with the WEC team after announcing a $2.7 million investment in BC women entrepreneurs

June 5, 2019 – On June 4, The Honourable Mary Ng, Minister of Small Business and Export Promotion, announced that Women’s Enterprise Centre (WEC) will receive $2.7 million in funding from Western Economic Diversification Canada as part of the Women Entrepreneurship Strategy Ecosystem Fund. Women’s Enterprise Centre is a non-profit organization that provides business loans, […]

Women's Enterprise Organizations of Canada has received funding to establish a national office

National office established to serve women’s business support organizations Winnipeg, June 3, 2019 – Terry Duguid, Parliamentary Secretary to the Minister for Women and Gender Equality and Member of Parliament for Winnipeg South, was at the Women’s Enterprise Centre of Manitoba (WECM) on May 31, 2019 to announce funding for a centralized national office that […]

Many small businesses make the mistake of putting off developing credit and collections policies until they have a problem with an overdue account or available cash. The first step in developing a credit policy is deciding whether you should extend credit at all. Before developing a policy, examine your business goals then ask yourself these […]

3 Ways to Improve Your Cash Flow

In part 1 of this post, we looked at the 5 Factors that Impact Your Cash flow. Now, let’s review some strategies for improving your company’s cash flow: 1. Look at your assets Review your inventory management system. Is there room to tighten up, so you’re not sitting on large amounts of inventory or carrying […]

Cash flow is all about timing

Every business will experience the need for more cash from time to time. The key to improving your cash flow is to accelerate your inflows and delay or reduce your cash outflows. In other words: make sure more money is coming in than going out. It sounds easy, but there are several factors at play. […]

A new tool has been created to help individuals and companies talk about gender equality and take action to create an equal future for women in BC. The 2019 WE FOR SHE Action Plan is uniquely created by the BC business community for the BC business community, based on over five years of discussions and […]

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