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Whether you bought a franchise, have one or more partners or are self-employed, if you’re going into business with little money and few personal assets, you’ll need to decide upon a legal structure for your business: a sole proprietorship, a partnership, a corporation or a cooperative.
Price influences how customers perceive your products and services and their quality. It also helps determine your company's market share and profits. That's why your pricing strategy is a key part of your marketing plan.
A cooperative is a group of people who come together to meet a mutual need. Creating a cooperative is a long-term project that must be well planned. Here are 10 steps for creating a cooperative.
Do you plan on leasing, buying or building your place of business? Each option has its pros and cons. If you've decided to lease, here's what you should know before you sign your commercial lease.
Intellectual property refers to the legal rights that result from intellectual activity in the industrial, scientific, literary and artistic fields. The Canadian Intellectual Property Office can help you establish and protect your intellectual property rights and boost your market competitiveness.
Make sure to invoice your customers, collect payment and deposit payments immediately to maximize your cash inflows. Here are 6 tips for efficient invoicing.
Both new and expanding businesses need money to fund their projects. Your business must get funding for each item it requires to operate: working capital, ongoing expenses, tools, equipment, buildings, patents, etc. Once you’ve established your needs, you must determine what sources of funding are available to meet them.
A business transfer is a painstaking process that can last 2 to 5 years or sometimes more. Entrepreneurs who are planning to hand over control of their businesses in the coming years have a number of options. Have you thought of the cooperative model as a way to ensure your business continues?
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