By David Sinkinson It’s no secret that starting a business is fraught with risk. Depending on how you count it, 70% of startups will fail between years two to five. Even online businesses, such as ecommerce and tech startups, fail a staggering 80% of the time.[1] Entrepreneurs, particularly my Canadian peers, need to make timely […]
A variety of events have threatened the Canadian economy lately, from the pandemic to trade agreements. The resulting economic spiral has left Canadians scrambling to secure an income, and businesses desperately trying to remain profitable.
The internet has made it much less expensive to reach and engage consumers and increase sales overall, but most Canadian small businesses aren’t using it to its full potential. Economic challenges motivate people to find ways to trim their budget, however, and smart entrepreneurs are doing just that.
One of the biggest challenges for Canadian small businesses is the high cost of shipping. It’s expensive to ship within Canada and it’s even more expensive to ship outside of this country. That makes it very tough to compete in the online world.
Web-based startups are some of the least expensive businesses to start in Canada. Online business expenses can often be limited to domain registration and website hosting, at least in the beginning.
The online user experience (UX) can increase or decrease sales, which is why we focus heavily on functionality and optimum performance. To maximize profitability, we shift our focus to revenue objectives and the most efficient path to them.
What would we do if we lost our internet connection for a long period of time? It’s practically unfathomable in today’s connected world. However, events over the past few years have taught us the unthinkable DOES happen and the devastation it can cause for unprepared Canadian small businesses. The most critical lesson we learned is […]
There are many legitimate ways to make money online in Canada. Sadly, you’ll also find many shady online business opportunities that can land you in legal trouble. Under the category of ‘if it sounds too good to be true…,” you may be approached by someone promoting MLM schemes to avoid paying taxes. These schemes violate […]
One of the most intimidating parts of online business and ecommerce is understanding how to accept payments, and finding the best online payment processors in Canada. As soon as you begin to research, you’ll be hit with unfamiliar terms and frightening legalities that can leave you feeling unqualified to navigate the process. Luckily, with a […]
TORONTO, Sept. 13, 2023 /CNW/ – This quarter’s BMO Real Financial Progress Index reveals young Canadians are increasingly seeking guidance on side hustles, how to grow their money and achieve financial security amid concerns about rising interest rates, inflation, and economic uncertainty.
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