The Basics of Buying a Franchise Business
In 2018, there were nearly 760 thousand franchise establishments in the United States, and that goes to show how successful this business model is. If franchising weren’t so lucrative, then franchises wouldn’t be nearly as popular as they currently are. Buying a franchise is a great way to start a successful business while avoiding the […]
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Average Cost of Flood Insurance for Your Business
Would you be surprised to learn that the number one natural disaster in the United States is flooding? Every state in the union has had some type of flooding in the past 5 years. Do you know your business’s risk of flooding based on its location? If not, it’s a good idea to find out and […]
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4 Ways to Cut Operational Costs
Good money management is crucial if you have your own business – especially if it’s a quite new one. Studies have shown that many small businesses have failed soon after launching due to bad money management – for example buying more inventory than they need or choosing the wrong suppliers. The truth is that if […]
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Credit Scores 101, The Must-Know Basics of Your Credit Score
As you probably already know, if you have credit in Canada, you also have a credit score. You’re also likely aware that your credit score helps to decide if you’re eligible for other credit accounts like mortgages, car loans or lines of credit (and how much interest you’ll pay on them). What you may not […]
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Types of Business Laws
Every aspect of American society is governed by laws. From our personal interactions to our behaviour on the road, there are always rules and regulations that we need to follow according to the law. Businesses are no different because there are laws that they need to follow as well. It does not matter what that […]
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Staying safe at work
When you’re doing your job, you expect to avoid injury and accidents, but sometimes it requires some conscious effort to stay safe at work. Occasionally something might happen, through someone else’s negligence, that means someone else gets hurt while doing their daily tasks. If you find yourself injured as part of an accident at work, […]
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In the Age of Remote Work, Should You Keep a Physical Office?
The year 2020 has brought many unexpected changes, to say the least. The COVID-19 pandemic has changed the way we’re living, interacting, and doing business. Many businesses in the US, like many other companies across the world, have shut down their physical offices and begun working from home for the foreseeable future. And those who […]
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Staffing under Difficult Economic Conditions
When a company’s performance declines or when a widespread economic recession takes hold, employees and companies alike can face an uncertain future. Employers will not be able to give as many perks as they did in the past. They may need to perform layoffs. The relationship between the company and its employees may become strained. […]
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When Might Your Business Require a Professional Accountancy Firm?
“If it doesn’t make dollars, it doesn’t make sense”. This decidedly American phrase can just as easily be translated to businesses throughout the world. After all, the main intention of any company is to turn a profit in order to enjoy long-term success. Many startups will be able to enjoy healthy margins over time if […]
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Reasons to Get Commercial Insurance for Your Small Business
As a business owner, you need commercial insurance to protect against financial loss resulting from a variety of risks that may leave your business unable to recover after a disaster. Your insurance agent or broker may suggest purchasing a Business Owner Policy (BOP) to get basic coverage. What Is a Business Owner Policy? A BOP […]
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