Category: Funding

Grants can help you save thousands of dollars for your business. I know securing funding can be a complicated and overwhelming process for female entrepreneurs and small business owners. But there are ways to simplify the process for yourself. As someone who’s been deeply immersed in the world of grants for over a decade with […]

Women entrepreneurs are resilient and innovative. While the current pandemic has wreaked havoc on businesses worldwide, we have also seen women entrepreneurs overcoming major challenges. Many women business owners have been forced to assume most of the responsibility for childcare and home schooling while keeping their businesses afloat. They may be working in a rural […]

Whether you’re just starting out, purchasing a business or growing your business, understanding the details of what lenders are looking for can sometimes be difficult. EQUITY Equity is a funny word because it means different things to different people.  Lenders want to see that business owners are contributing and investing in their own company, therefore, […]

If you operate a daycare in BC, you’re likely aware that the BC provincial government is offering Temporary Emergency Funding (TEF) to licensed childcare providers impacted by the Covid-19 outbreak. Below is an overview of what’s available and how to apply for the TEF. Providers who remain open can receive funding to cover roughly 75% […]

Cash Flow

Whether you’ve done your business planning in a formal written document, on scraps of paper, or if you have your ideas in your head, it’s important to tell the story and then translate it into numbers on your cash flow statement. There are many factors that impact your cash flow. But, to get started, here […]

What is a Development Lender?

Women’s Enterprise Centre (WEC) is a “Development Lender” – but what does that mean? If you’re looking for small business financing, there are lots of options available to you. So, it can be difficult to understand the differences between one lender and another. Development lenders are mandated by the government to help small businesses, and […]

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 […]

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. […]

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