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What is the break-even point?

Saturday, May 4th, 2019

The break-even point is a critical number for every small business. Yet, many Canadian entrepreneurs don’t know the point at which sales will translate into profit. Let’s break down the break-even analysis and help you easily understand how it’s calculated. Why is break-even important? The break-even point is critical for entrepreneurs, because any money coming […]

How much does it cost to start a small business in Canada?

Saturday, January 12th, 2019

You’ve done all the necessary market research, you’ve upleveled some of your important entrepreneurship skills, and you’re ready to start the small business of your dreams. So – how much money will you need? It’s important that you know your start-up costs ahead of time. We know entrepreneurship is exciting, but you don’t want to […]

What is social entrepreneurship?

Saturday, November 10th, 2018

According to David Bornstein and Susan Davis in their book Social Entrepreneurship: What Everyone Needs to Know, social entrepreneurship can be defined as: “A process by which citizens build or transform institutions to advance solutions to social problems, such as poverty, illness, illiteracy, environmental destruction, human rights abuses and corruption, in order to make life […]

Small business blog posts we liked this week

Saturday, November 3rd, 2018

Whether fall is taking a chilly turn where you are, or you’re still enjoying outdoor time, take a few minutes to cozy up with these small business blog posts we liked this week: In the News, a Survey Says 73% of Your Customers are Influenced by Content Marketing at Small Business Trends Toronto’s tech scene […]

What is the Value Proposition Canvas?

Saturday, October 27th, 2018

The Value Proposition Canvas helps us to systematically understand what customers want and to create products and services that perfectly match their needs. It collects customer information about their needs and requirements which allows a more effective design of your products and services, and ultimately your business model. Eventually, this should lead to sales and profitability and much less time wasted on developing ideas that customers may not be interested in.

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