Finance

The Future is Local: “BUYING CANADIAN” Keeps Canadian Businesses Strong

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Rasmussen MA CEC PCC
March 4, 2025
Finance, Freedom, Prosperity
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The Future is Local: “BUYING CANADIAN” Keeps Canadian Businesses Strong

In a “Buy Canada Only” environment, businesses that emphasize local production, Canadian-made goods, and domestic supply chains will have the greatest opportunity to thrive. Think about how your business can capitalize on the buy Canadian fever that is happening now? Whether you offer products, services, or have a business idea you’ve been waiting to launch—this shift

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What to do about Trump tariff threat on Canadian imports to the U.S.A.

Rasmussen MA CEC PCC
January 14, 2025
Finance, Prosperity
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What to do about Trump tariff threat on Canadian imports to the U.S.A.

The proposed 25% tariffs on Canadian imports to the U.S. have raised significant concerns about their potential impact on the Canadian economy. These tariffs could lead to increased costs for Canadian exporters, disruptions in key industries, and broader economic challenges. Here’s a deep dive into the economic repercussions and proactive measures small business owners can

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Celebrating Women Entrepreneurs Week: Breaking Barriers and Building Futures

Rasmussen MA CEC PCC
November 17, 2024
Finance, Freedom
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Celebrating Women Entrepreneurs Week: Breaking Barriers and Building Futures

This week, we celebrate Women Entrepreneurs Week—a time to recognize the incredible contributions women make to our economy and society as business owners. But it’s also an opportunity to shine a light on the systemic challenges that hold women back in entrepreneurship. The road to business ownership for women is paved with more than the

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What is a Healthy Profit Margin and How Can My Business Have One?

Rasmussen MA CEC PCC
November 28, 2023
Finance
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What is a Healthy Profit Margin and How Can My Business Have One?

Everyone wants a profitable business, because if not… well what’s the point? You have a hobby, not a business. A profitable small business has a healthy net profit margin of 10% or higher. How do you calculate your net profit margin? A profit is earning more money or assets than you spent. The inflow must

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How to Read a Balance Sheet: Small Business Owner Edition

Rasmussen MA CEC PCC
August 22, 2023
Finance
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How to Read a Balance Sheet: Small Business Owner Edition

Looking at your balance sheet can be comforting or terrifying. The balance sheet shows the financial position of your business. It tracks your assets, liabilities, and equity. In plain language, it shows what you own, what you owe, and how much money you’ve invested into the company. It’s the first report your banker looks at

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3 Factors to Consider When Determining Wages for Your Small Business

Rasmussen MA CEC PCC
May 16, 2023
Finance
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3 Factors to Consider When Determining Wages for Your Small Business

Entrepreneurs are notorious for “winging it” when it comes to wages in their small business. This includes deciding the hourly wage or annual salary they pay workers, the number of hours worked, optional benefits and raises. Each organization has a limit on what it can pay to stay in business. Know your limit! Create a system to

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Paying Taxes or Taking Cash: Which is More Viable for Your Business?

Rasmussen MA CEC PCC
November 8, 2022
Finance
No Comments

Paying Taxes or Taking Cash: Which is More Viable for Your Business?

Owning a small business means collecting, managing and paying taxes. These include but are not limited to payroll tax, sales tax and corporate tax (or more depending if your business is operating outside of Canada). Sometimes business owners try to “save” on taxes by getting paid in cash. But are you actually helping your business

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9 Systems That Help You Make Money in Your Small Business

Rasmussen MA CEC PCC
October 11, 2022
Finance
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9 Systems That Help You Make Money in Your Small Business

Business owners have so much to do on any given day that sometimes they don’t realize which systems are adding to their financial health and which systems could be hindering them. By reviewing and updating how you do things in your business, you create the potential to make more money with less stress. Have you

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Why Cash Flow Reports Are Important To Your Small Business Success

Rasmussen MA CEC PCC
October 4, 2022
Finance
No Comments

Why Cash Flow Reports Are Important To Your Small Business Success

Understanding how cash moves in and out of your business strengthen your ability to make good business decisions. How you spend or save your cash affects your company’s financial health as well as your ability to market, develop your products and team, and take time away from work. Unfortunately, it’s not unusual for small business

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