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|

What It Takes to Get Approved for Your Equipment Lease

What It Takes to Get Approved for Your Equipment Lease

The Basics Your Lender Will Want to See and How You Can Optimize for the Best Rates

Equipment leasing is a powerful business growth tool and is a lot more flexible than a traditional bank loan. Leases are easier to qualify for, offer more stress-free terms and can usually be obtained without a down payment.

Though the up-front costs to you may be minimal, they do represent a major investment for the lender. Your lender will be playing it safe, especially in this day and age, and looking for indicators that your business is a good credit risk.

Lease brokers have specific measures they look for in a lease application. Some of these are things you can optimize, like a strong business plan and a solid credit score. Some are factors out of your control, like the number of years you’ve been in business and your credit history.

Knowing beforehand what the lender wants to see is key to a successful application.

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By |2020-09-29T11:27:41-07:00September 29, 2020|Business Advice, Equipment Leasing|

Don’t be a Target: How to Recognize Common Business Scam Tactics

Don't Be a Target: How to Recognize Common Business Scam Tactics

Simple Steps Your Business Can Take to Outsmart Scammers and Avoid Being a Target for Fraud

An email from “the Financial Minister of Nigeria” may be easy to write off as a fraud, but not all scams are so obvious. Today’s scammers are clever and the money they steal is no joke. In 2019 alone, Canadians lost nearly $100 million to fraud.

The Canadian Anti-Fraud Centre lists over 16 types of scams that target businesses specifically. Your business may present a tempting target to scammers, but there are ways to minimize the risk.

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By |2020-06-19T12:04:36-07:00June 19, 2020|Business Advice|

COVID-19 Financial Lifelines for Your Canadian Small Business

COVID-19 Financial Lifelines for Your Canadian Small Business

Subsidy and Benefit Information and Links for Canadian Small Businesses

Yes, these are interesting times. Trying to wade through the new (and ever changing) COVID-19 advice and information can feel like a fulltime job. When you’re running a small business at the same time it can quickly become overwhelming.

To help you out, we’ve pulled together a list of Federal, Provincial and private company resources currently available to Canadian small businesses. These programs, subsidies and benefits are designed to create a way forward so that your business will be ready to thrive when COVID-19 is a thing for the history books.

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By |2020-04-17T15:25:49-07:00April 17, 2020|Business Advice|

The Hidden Costs of Cheap Equipment

Buy Smarter by Calculating Equipment Operating Costs

We all like a good deal and, as business owners, we all need to watch the bottom line. It’s tempting to look at the equipment’s price first and its specs/maintenance records/user rating second – if at all. But this can be a costly mistake.

The real cost of a piece of equipment can only be calculated once you include the actual operating costs. The dent in your cashflow when you purchase is only the first of many costs associated with owning heavy equipment. Labour, maintenance, efficiency and downtime are all business costs too. If you get a “deal” on a cheap machine, but it is less efficient to run, breaks down more often and requires more expensive parts, is it really saving your business money?

Low prices do not always mean a better deal.

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By |2020-03-23T12:12:36-07:00March 23, 2020|Business Advice, Equipment Leasing|

Canadian Equipment Lease Tax Benefits

Two Leasing-specific Deductions That Deliver Valuable Tax Savings for Your Business

Leasing your business equipment in Canada safeguards your capital, cuts red tape, allows for quick and easy upgrades — and offers significant savings at tax time.

Leases and loans are treated very differently by the CRA (Canada Revenue Agency). Two of the most significant differences are found in monthly payment deductions and how you claim Input Tax Credits. Some businesses will benefit from larger, short term tax rebates and some will benefit more from smaller rebates over a longer period of time. Either way, leasing can help bring down your tax bill.

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By |2020-02-20T10:55:44-08:00February 20, 2020|Business Advice, Equipment Leasing|
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