Business Advice

Improving Your Credit Score in Canada

Navigating Approvals for Your Next Equipment Lease

In the dynamic world of business, staying ahead often requires acquiring the right equipment for the job. Many small businesses in Canada rely on equipment leasing to obtain the necessary assets without burning a hole in the budget.

Nothing is more frustrating than getting close to a lease approval, only to be turned down because of a credit score. Especially if you didn’t realize your credit score was low or damaged. Let’s take a look at a crucial aspect of equipment leasing approvals – your credit score.

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By |2024-01-17T12:13:55-08:00January 17, 2024|Business Advice, Equipment Leasing|

Canadian Equipment Leasing and… Your Taxes

Canadian Equipment Leasing and... Your Taxes

Maximizing Tax Benefits for Canadian Small Businesses

When it comes to equipping your small business, the financial considerations can be a major concern. Acquiring essential equipment without putting a significant dent in your budget is a priority for most business owners. This is where equipment leasing steps in as a prudent financial solution, offering not only flexibility and convenience but also significant tax benefits that can positively impact your bottom line.

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By |2023-10-17T12:22:54-07:00October 17, 2023|Business Advice, Equipment Leasing|

5 Small Business Success Tips

5 Small Business Success Tips

Developing Your Strategy for Small Business Success

Whether in a mining, construction, or agricultural industry, small business owners can face some unique challenges when it comes to running a successful business. Utilizing effective strategic planning, on-going business management and a focus on growth is essential to business success.

Here are some tips to achieve success in your industry and grow your small business:

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By |2023-06-15T12:12:11-07:00June 15, 2023|Business Advice|

Cash Flow Management Strategies for Small Business

Cash Flow Management for Small Businesses

What’s better than Cash? Cash-Flow! Especially for Small Businesses

Cash flow management is a critical component of running a successful small business especially during economic turbulences and rising interest rates. According to Statistics Canada and a study by Canadian Survey on Business Conditions in 2022, small businesses continue to face significant cash flow issues and have lower liquidity and working capital than their bigger counterparts.

Following the pandemic, now more than ever, it is important to manage your cash flow for the sustained profitability and growth of your business. Here are a few strategies that you can position yourself for optimal cash positive gain and ensure your long-term success:

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By |2023-04-24T13:54:37-07:00April 24, 2023|Business Advice|

How a Small Construction Company Can Compete with the Big Dogs

A kitten frightens a big dog.

Focus on Service, Flexibility, and Dedication

Construction is a competitive industry, so you need to find what sets you apart and make the most of it. Build strong customer relationships, be flexible enough to make the most of your opportunities, and be dedicated enough to do the tough stuff.

Personal Service Builds Strong Relationships

Offering good customer service is crucial. Without it, you won’t be able to get repeat customers. That means you’ll lose out on the regular income they could bring.

And there’s another good reason you need satisfied customers: their word-of-mouth advertising can win you new customers without you spending a cent.

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By |2022-01-20T12:34:46-08:00January 20, 2022|Business Advice|

Buying and Selling Equipment Safely Online

Buying and Selling Equipment Safely Online

Save Money, Time, and Heartache by Detecting Scams & Fraud

Online scams can be costly and damaging to your business, so it pays to take some steps to protect yourself.

Make Sure Everything Passes the Smell Test

Avoid shopping on websites that just don’t seem right. Maybe the content isn’t well written, or the design is shoddy, or the links and buttons don’t work. Whatever it is, a bad website is a clue that the company doesn’t value it’s customers and might not be entirely above board.

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By |2021-11-26T08:34:42-08:00November 26, 2021|Business Advice|

How a Small Construction Company Can Compete by Participating in the Community

Growing Your Construction Company by Participating in the Community

How to Grow Your Construction Business and Beat the Big Guys

While big construction businesses seem to dominate the market, small businesses can carve out a niche in their communities. In fact, if a small construction business can integrate with the local community, they will have no trouble getting contracts and growing their business.

Of course, it takes some skill and dedication – and a mindset to contribute to your community. If you follow these tips, your business might become a formidable competitor in your region.

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By |2021-10-22T10:46:01-07:00October 22, 2021|Business Advice|

5 Tips and Tricks for a Successful Online Equipment Search

5 Tips and Tricks for a Successful Online Equipment Search

How to Minimize Hassle and Find the Best Equipment for Your Business

More than ever before, businesses are moving online to buy and sell equipment.

Equipment sale aggregator websites offer a truly staggering inventory of new and pre-owned equipment—and that is great news for small business. But buying online is not always smooth sailing. Anyone who has tried it knows finding what you need can be a real challenge. Too often searches deliver a stack of irrelevant listings, poor condition equipment, overpriced assets—or no matches at all.

The good news is that searching for quality used equipment does not have to be a frustrating experience. In this article, we offer five tips designed to help you search smarter, cut the clutter and achieve a successful online equipment purchase.

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By |2021-04-20T11:22:58-07:00April 20, 2021|Business Advice, Equipment Leasing|

10 Key Habits of Successful Entrepreneurs

10 Key Habits of Successful Entrepreneurs

Personal Practices that will Put You on Top of Your Game

Success comes from within. Studies on entrepreneurship have found remarkable similarities among those that thrive. So, what makes the difference between a mediocre entrepreneur and successful one?

Relentless Learning

“Change is the end result of all true learning.” – Leo Buscaglia, author and teacher

Forbes magazine lists avid reading as a leading characteristic of successful entrepreneurs. Why? Because they are aware of their own limitations. Like the old saying goes, “You don’t know what you don’t know”. Entrepreneurs that succeed do so because they put effort into personal growth and education. Greater understanding gives you a competitive advantage. Read journals, read books, listen to podcasts. Attend seminars and stay up to date with the latest industry trends. Consistent learning puts you in the right place at the right time—with the right idea.

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By |2021-03-23T11:56:50-07:00March 23, 2021|Business Advice|
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