There are several reasons why Canada is a great place to start a business. Canada boasts a well-educated population that… View Article
Surrey, a suburban, the second largest city of the province, British Columbia, is an industrial and educational hub. Besides, the… View Article
Toronto is a great place to start a business. Not only is it one of the biggest cities in North… View Article
The Canadian biotechnology and life sciences sector is a significant contributor to Canada’s innovation economy, and one of the country’s… View Article
In December 2015, Bret “The Hitman” Hart and SharpShooter Funding formed the ultimate tag team to pursue a common goal…. View Article
GTA or Greater Toronto Area, the metropolitan and the most populated area of Toronto, is a unique combination of classic… View Article
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The garden city, Victoria, is the capital city of British Columbia and is a famous tourist destination throughout the year… View Article
Canada is proving itself more and more as a country that has something to offer the fashion industry. While Canadian… View Article
The second economy hub of the city, Toronto- North York, has its incredible charm of multiculturalism that attract a high… View Article
Canada is second only to the U.S. in levels of entrepreneurial activity, beating most G7 countries and much of the… View Article
Toronto is the provincial capital and the most populated city of Ontario. It has a long waterfall shortline, a valley… View Article
Data (facts and statistics collected for analysis) is increasingly important to business growth. In fact, 90 per cent of all… View Article
With upwards of 700k active podcasts out there, it’s not always easy to choose what to listen to. So we… View Article
Home to international flights and a headquarter of Canadian and multinational companies, Mississauga is the central business district of Ontario… View Article
Among other good news to come out of Canada’s financial capital, the city has cemented its reputation as a global… View Article
At SharpShooter Funding, we’re the financing experts for small and medium-sized businesses. We provide excellent service and varied solutions that… View Article
The territory like a right triangle whose northern coast opens at the Beaufort Sea is none other than Yukon, a… View Article
Canada is the part of G7, which means it is amongst the top 7 countries that are economically developed. It… View Article
The rise of superfoods and holistic health trends suggests Canadians are taking a new approach toward health. Grocers and other… View Article
Toronto is a commercial, distribution, financial and industrial centre. It is the banking and stock exchange centre of Canada, and is… View Article
The most important title that a small business owner’s embrace is they are “Job Creator.” Small business owners play a… View Article
A credit report is a document that contains information about your financial performance and current credit condition, such as the… View Article
When you own a business, you may find yourself spending money on various necessities. Once you get the basics covered… View Article
Are you looking to get your small business financed? Or are you having difficulties in securing the optimum financing for… View Article
We can’t deny this fact that alternative funding organizations are innovation in the world of finance as it has been… View Article
The alternative funding organizations have been the ultimate driving force for the establishment of local businesses, along with their recognition… View Article
Cash flow is the life force of the business, but having a massive deposit in business account is challenging for… View Article
The Canadian Lenders Association’s largest annual event brought together hundreds of executives from the fintech and lending industries. It was… View Article
The financial support is vital for organizing set-up and to finance daily business operations, but sometimes it is challenging to… View Article
If you’ve come up with an exceptional business idea, but don’t have the money to start one, you may get discouraged and believe it isn’t possible.
As an entrepreneur, you will seek the type of loan that has easy documentation, repayment policies along with quick deposition… View Article
The rise of entrepreneurship has evolved alternative funding organizations that are considered as innovation in the world of economy. Before… View Article
How does it feel to be a part of the world’s G7 economy with a robust medical system, an abundance… View Article
Many people dream of starting their own bed and breakfast. Just imagine owning a beautiful cottage in Muskoka in the snowy winter, and creating an idyllic destination for visitors.
Canadian Lenders Association (CLA), the voice of the innovative business and consumer lending industry, announces the Top 25 Lenders of… View Article
If all small business owners can gather together to highlight the one thing that they despise doing, we would get a lot of votes in favor of managing business finance. In fact, there has been research conducted in this regard and small business owners have blatantly agreed that managing business finance is the one thing that they despise doing. While managing finance is despised by small owners, it is also one of the most significant reasons leading to the failure of a given business. It is when the founding members are unable to manage finance that the business fails to move on and is stranded towards failure. Hence, if you want your business to succeed, it is necessary that you manage your small business finance in the best manner possible, without any flaws whatsoever.
If you’re starting a small business, there is no doubt that you are going to need extra money at the beginning of your operation.
If you are a small business owner, you probably understand how important having stable access to funding is.
The spookiest time of the year is just around the corner and customers will soon be thronging stores and other outlets looking to buy related items. Halloween is the time of the year that customers around the world look for spooky items to buy. This is the time of the year when the air is rich with scary vibes, and everyone is looking to scare each other away.
Toronto has long been a good place to do business, but in the past few years it has exploded onto the international stage, becoming one of the most diverse, dynamic and exciting places to start a company in the world.
Things are looking up for Canadian businesses. Though it has a population of only 37 million people, Canada boasts one of the most exciting and dynamic economies in the G7, and with a strong healthcare system, a wealth of natural resources, a key geopolitical position, and one of the highest standards of living in the world, it is one of the best places for young entrepreneurs to start new businesses.
The cash you have in your business plays an important role in defining the success you experience as a brand. If you truly want to be successful in running your business, then you should make sure that you manage cash in the best manner possible.
The first thing small business owners think about when deciding to take on funding to grow their business is the ten-year, 3% bank loan that was the standard ten to twenty years ago.
The grind of a 9 to 5 routine isn’t meant for everyone. When you start working a day job, you soon realize that it’s better to be your own boss, and this lifestyle isn’t meant for you. Once you realize this, there is nothing that will make a day job attractive to you.
As everyone who has ever tried it knows, starting a business is a lot of work. But the payoff of all the labour is a thriving company that posts steady growth numbers year in and year out by meeting a concrete need in today’s economy.
If you’re running a small business of your own, we hope that you know one thing for sure by now; there is no way around understanding financial statements. If you want your business to succeed, you should make sure that you maintain a stringent check on your financial statements and the information within it. Keeping an eye on your financial affairs can save you a lot, while also allowing you to be proactive in dealing with any upcoming problems.
The food industry is one of the most benevolent options for entrepreneurs to jump into. While the industry is inundated with multiple options, you can easily jump in and take away the audience if you have something unique to offer. People are quite generous when it comes to spending on the food they eat, which is why you have the opportunity to be part of a massive industry.
Funding day-to-day operations is always a challenge for startups. The lack of funding options is one of the main reasons business owners end up filing for bankruptcy and liquidating their setup.
As a small business owner, you need to keep an eye on all facets of the business to ensure its survival and growth. You cannot slack on any aspect of running a business as it will eventually come and haunt you in the long run.
Many small business owners start their organizations with numerous aims and objectives in mind. Not only do they want to help their startup idea towards growth, but they also try their best towards ensuring that the business is kept financial stable. Financial stability is one of the most underrated concepts of running a business. We talk a lot about operational efficiency and other metrics of running a business, but we fail to pinpoint financial stability as one of the major reasons that should be kept into perspective.
Once you initiate your dream of a startup, you will realize that there are numerous concepts that you had no prior idea of. All of these concepts dictate the way business is run and ensure your success as a new small business. While all other concepts have their importance as well, the financial concepts required for running a business are important for your success. We realize how a poor grasp on financial concepts governing business can impact your profitability and growth. Within financial concepts as well, some are extremely important while others that don’t hold much value. One such concept that is extremely important to the success of your business is liquidity, and here we will be discussing everything you need to know about liquidity inside your business.
So far, 2019 has been a fantastic year for Toronto. Not only did the Toronto Raptors make history by winning their very first NBA Championship this summer, but the city also recently made headlines for becoming the fastest growing city in North America.
If you have any experience with the world of business financing in Canada, you know that access to funding is one of the biggest problems entrepreneurs and small businesses face.
Change is the only thing constant in this universe. As humans, our ability to change what we do defines us and separates us from going towards failure. The formula to success is different for every change, and what worked for you or your ancestors in the past wouldn’t work for you in the present. Running a business is all about embracing change in its purest form and making sure that you can implement these changes for the cumulative growth of your brand and your business.
You cannot seriously expect your plan to succeed if you aren’t working on the right business model. For your business plan to work, you should make sure that you have everything covered. Now, while covering all other details can be relatively easy, the term ‘marketing plan’ can send shivers down the body of every entrepreneur. A marketing plan isn’t just a roadmap that business follows in the initial days, but it is also something that will define the success of the company in the long run.
If you own a small business, it is highly likely that you are going to need access to some form of short term funding at some point in your career.
All entrepreneurs looking to start their own online business would want to start an online store to make progress with the idea they have in their mind. Similarly, small business owners wanting to take their business online would also want to start a similar venture.
A growing business has many needs. You need staff to make sure your operations are running smoothly, customers and clients to maintain a steady income stream and a leadership team who can make plans for the future. But above all, it needs enough capital to make all of this happen.
Regardless of your industry and the scope of your operations, finance is believed to be the backbone of your business. Every business follows a model that is based on marketing and selling products and services. The model does include strategies on managing day-to-day operations, but it might not guide on how to obtain finance.
When your cash reserves are almost nil and you have a ton of expenses to pay, business financing is the only option you can go to for some relief. However, even with the momentary relief, you must not execute the process in the wrong manner and follow all the checks that are required for correct business financing
The retail industry in Canada is booming. Thanks to modern innovations and an influx of skilled workers from different countries, it’s easy to see why the retail sector in Canada is growing at an accelerated pace.
Raising capital is perhaps one of the most complex tasks expected from an entrepreneur before they start their business.
Small business owners should always try to maintain a good credit score, irrespective of the circumstances. When you first start your business, you have to be careful about the decisions you make and the strategies you choose. Being irresponsible with your cash reserves and your credit during the initial phase of your business can derail your progress for the time to come.
The province of Ontario in Canada is perhaps the best when it comes to opportunities for entrepreneurs and business owners.
Small business owners rarely let the lack of resources prevent them from generating new business ideas. Newly established companies that went on to become big names only did so due to the ability of their owners to dream big and do big.
Starting a new business on your own can be an exhilarating, yet exciting experience. Not only do you get to turn your vision into a reality, but you also get to be your own boss and make your own rules.
Let’s face it: if you own a small business and you’re trying to scale up to the next level, then trying to figure out how to secure the long term funding you need to grow can seem like an almost insurmountable challenge.
For ambitious Canadian businesspeople, few cities offer the same kinds of opportunities that Toronto does. Not only is Toronto Canada’s largest city, but it is also the country’s capital of finance and the second-largest financial services centre in North America.
If you follow the financial news in Canada, then you’ve probably heard the buzz about one of the most exciting funding opportunities available to small businesses: merchant capital advances.
One of the first questions any entrepreneur needs to ask when they start building their first small business is, “how am I going to get the money I need to become profitable?”
If you are trying to grow a business, you are going to need capital
If you are a small business just starting to get off the ground, then you’re probably come across the vicious Catch-22
It’s every small business owner’s worst nightmare: a weather disaster, client issue, or production error plunges their company
There’s an old saying that if you want to know what someone is like, you just need to look at who their friends are
Toronto, ON – July 10, 2019 – SharpShooter Funding and First Down Funding join the Canadian Lenders Association as general… View Article
If you’ve been operating in a business for some time, we expect you to realize by now just how important cash flow can be for your business. If you want to see your business improve it is necessary that you invest in cash flow and take it forward from there.
Knowing that you are here because you either want to start your business or have already started it, we congratulate you on the efforts as of yet. Starting your own business or actualizing your dream is an immense effort and you need to be commended for it. However, this is just the start of the journey. There are countless complications and other obstacles you will have to overcome for success as an entrepreneur.
Regardless of how good you are at managing your small business, there will come a time when you might need a small business loan for your organization. A small business loan isn’t just meant to help you out of a cash crunch, but it can also be your messiah when you are facing tough times as a brand. The hassle of a cash crunch is a bit too much to manage for most small businesses, which is why they are left with no other option but to get a small business loan.
Cash flow is undoubtedly the one thing that can help a small business make sure that they grow progressively over time. A business that has plans to grow in the nearby future should keep a stringent check on their cash flow, so that they experience whatever growth they have in mind.
A poor credit score can be a hassle for literally every business. Not only does the credit score happen to put your business and your processes at risk, but it can also lead you into complete disarray. If you have a poor credit score, you wouldn’t be able to qualify for most business lending opportunities and wouldn’t be able to build a positive credit profile for yourself.
Holding inventory for a certain period of time has many costs associated with it, which can make any business go bust. As a business owner you need to realize the cost of holding on to inventory and should make sure that you try your best to limit it.
A small business runs on the finance that you pour in it. No small business would be able to perform well without the right finances being poured in it. For a small business to be successful, it is necessary that there be frequent growth and progression. Now, if you want growth you need external funding from parties that are willing to invest with you.
Your business credit report is an indication of your business and how you are performing as an organization. Any errors in the credit report can significantly haunt you in the long run, as you look to think of ways to get a small business loan.
Marketing plays an important role in the promotion of small businesses. When you first launch your brand, you have to make sure that you explain what you’re doing to everyone and make people aware of your processes and your details. People should know the details regarding what you do and should trust you with purchases.
Before you go on to invest in any business, you have to take out some time and make sure that you have your homework done as far as the future of the business is concerned. As an investor, we and many other agencies are very careful before we invest in any business.
In this world of credit, your ability to get some credit as a business is heavily dependent on the kind of credit report you have. You seriously cannot build and maintain a quality credit report, without knowing the metrics that go into identifying the credit standing you have.
Getting the right funding for your business can be quite a hassle. Most people have shortlisted banks as the best possible option for them when they are looking for funding, but the bank isn’t always the best way to go forward. When you look for funding you should make sure that you go for the option that is best for you. Going for an option that isn’t suited to your needs can cost you quite a lot.
No small business loan can operate it without external funding for a long period of time. There has to come a time in the life of a small business, when they require external funding for the success of their business. If you have a small business of your own, and require external funding to make sure that your profits remain constant, then you would know all about this.
Cash is an important ingredient in the success of your business, and it is necessary that you manage it with all the care that is expected out of you. You cannot seriously let your cash slip out of your hands, as your business is left in a liquidity crunch of sorts just when it is showing signs of growth.
You have just started your own small business and are excited about the prospects that you have in mind. However, your accountant has been pestering you with suggestions ever since you started the business and is telling you to maintain a thorough check on accounts so that the financial statements are a true reflection of the business you are running.
For innumerable reasons, you should avoid mixing your business credit with your personal credit. There is a reason why you have the option to keep your business credit profile separate from the personal credit profile. Mixing the two wouldn’t just make it hard for you to report the progress you’re making as a business but would also stop you from doing functions that are generally expected out of all businesses.
Expansion and growth is something that every business plans to achieve during some time in the future. Every business has certain goals and objectives that they would want to meet through their expansion plans. No business has time to waste here, which is why we have mentioned the different types of funding options you have when it comes to an expansion plan.
The National Day in any country is a great moment for people across the nation to rejoice. Some celebrate it on the day they gained independence, while others have any other unique celebration, but there is almost always a national day that is celebrated across that nation.
Your new business is doing just about fine. You have gone through the early period of uncertainty and are about to head towards a new period of smooth sailing. You cannot wait but enter the ship that sails towards business growth. But, you don’t seem to have the right cash reserves and an approaching cash crunch seems to be scaring you. Such a situation can be quite heartbreaking for many small business owners, as they aren’t able to safeguard their business and are left with no other option other than falling in the trap of cash congestion.
Opening a restaurant of your own is not an easy thing to manage. You have to take numerous things into consideration and should also make sure that the end choice you select is in your best interest. Even the slightest lack of judgment can stop your progress and can cost you a lot in the long run. If you’re serious about running your restaurant then you should take these things into consideration before you take any step forward:
In the eyes of all private lenders and banks, your credit profile is the single most important thing about your business. Lending agencies, including traditional banks, judge your business on the basis of the kind of credit profile you have maintained. If your credit profile doesn’t show a promising sign of your business, no lender would want to be associated with you.
The holiday season is by far the busiest time of the year for any restaurant small business owner. This is the time when families are at home, and the only thing they want to do is go out and eat. If you’re a small restaurant owner during this time of the year, you have plenty of profits to gain and money to make.
Cash flow problems are becoming a big menace for businesses across the globe. We have numerous times highlighted in our blogs just how important it is for you to keep a stringent check on your cash flow. You should make sure that your cash flow is balanced and that there are no irregularities as such in it.
The world of business is progressing by leaps and bounds, and we have entered an era where businesses across different industries are competing against each other to become stable and more organized.
As a small business owner there will come a time when you will have to head towards a bank or any other financial institute for assistance related to funding. You should make sure that you have all of the desired documents covered when you apply for the loan, so that no stone is left unturned.
Bank loans have long been the only funding option available to the masses. Fair enough, we had individual lenders available back in the day, but banks have for a good part of the last century been the go to spot for businesses to meet their cash flow needs.
When you first start of a small business of your own, you need to realize that every dollar you make counts. You should be looking to be as frugal as you possibly can to make sure that you’re saving dollars and are helping your business grow rather than killing it with expenses.
Many people working in 9 to 5 positions currently feel the brunt of their daily routines. These employees realize that there is not much ground to cover being an employee, and there will come a time when they will have to take the eventual step towards financial independence. This step usually comes when you start your own business and strive towards making it more successful over time.
Short term business loans are currently the rage within people and everyone wants to get their hands on them. Business owners have realized the benefits hosted within short term loans around them and are seriously thinking of them as possible options for correcting the issues in their cash flow and financial statements.
Small business owners can really be tempted with the thought of having some excess cash on their hands when it comes to their business needs. All small business owners have a limited initial invested amount to play with, which is why it is necessary that they make the best out of that amount and also look for alternative sources of financing for getting the best results possible from the process.
Small business owners face plenty of challenges on a daily basis, but perhaps the biggest of their worries is that to arrange additional capital. Limited funds can push any entrepreneur out of their comfort zone, and that isn’t where small business owners feel relaxed enough to make the best decisions.
Regardless of how good their food is, restaurant owners get to face competition at all times. It could be competition from that recently opened Thai food joint down the road, or it could be competition coming from any other established vendor, but the competition is there to make you fret and forget what you were out looking for originally.
Financial statements are an integral part of every business in this day and age. Not only are your financial statements a culmination of all the effort that you have put into making the books and managing the records of your business, but they also come in handy when you are presenting your data in front of a potential customer.
Startups have it hard when they look for finance before starting their business. Not only do they have limited track record to prove the efficiency of their business, but they also operate without providing any financial statements because of lack of experience.
Both of your business and personal credit score play an important role in deciding your credit path for the future. When you apply for a loan, your credit history is taken into consideration for taking your creditworthiness into perspective. Lenders decide how credit worthy you are and whether they can hand a small business loan to you.
Most small businesses happen to fail during the first 20 months of their existence, because they are not able to… View Article
There comes a time during the lifecycle of your business where you have to urgently apply for a loan. Once you start your own startup you need to be careful with how you manage your bets. A small error on your part can cost you a lot in the long run, which is why you ought to be careful.
Most small business owners jump into the entrepreneurial dream or the brainchild of a product they have because of their passions or goals. Not many of them jump into this field because they happen to love finances and the world of financing that comes along with it. Knowing this it is not uncommon to see new start up entrepreneurs making basic errors when it comes to the world of finance.
Business funding is a proper concept world over and many small businesses are heading towards getting their operations or their key expenses financed for the future. When you look for a small business loan or a merchant cash advance, you probably have a detailed plan of how you expect to spend that money, mapped in your mind. You want to follow that detailed plan and are planning to make no shifts in it.
The world of small business finance has grown by a lot over the course of the last few years. Gone are the days when small businesses had to think of multiple ways for getting the finance that they required. Now small businesses can get their required funding in the manner they want without any hassle as such.
Merchant cash advances are proving to be the best funding solution for businesses looking to get their hands on some extra finance. A good merchant cash advance allows you to get extra deposits in your account for an upcoming expense, which you can eventually pay back through your daily sales, without any extra interest or complexities.
Once you start running your own business, you will realize just how important cash flow management is for you. Running a business of your own, you should be aware of the role that cash plays in your business. Cash is responsible for a lot of things that transpire inside your business. To begin with, cash plays an imperative role in determining just how you feel about the way your business is run.
Running a small business is quite a responsibility. Not only do you have to make sure that the business is surviving in this ultra competitive market of today, but you also have to make sure that your business is experiencing consistent growth with time as well. Both survival and growth should be ensured at the same time, so that the results come your way in the manner that you want.
A merchant cash advance is one of the most popular forms of funding nowadays and it is making quite some rounds across the business fraternity. Many businesses have come to realize just how much they can benefit through one, which is why they are running towards getting a merchant cash advance for their dealings. If you need a merchant cash advance for your business, then you have to realize the intricacies that are involved in the entire process. Know what you are dealing with and get to the bottom of your loan choices.
One thing that we have learnt from the example of multiple entrepreneurs before us is that tracking your goals as you work on them is a good way of achieving the long term objectives you have in mind.
There comes a time when your small business will be making stable profits, and you will be looking to expand it forward into the market. The expansion process for every small business owner is one of the most important parts of running their business in the best manner possible. Business owners have growth set as their aim when they start their business. They realize that growth is necessary for meeting the other objectives that they have set for themselves.
The holiday season is just around, and it is time that small businesses started actively preparing for it. The holiday season is the time of the year when festivities are in the air and everyone seems to be having a great, great time. This is also the time of the year when you have to go easy on your employees, because they also have familial responsibilities to look after.
Funding options are growing in popularity and many businesses have noted down just how profitable they can prove to be for them. If you have a small business that you plan to take care of, than a small business loan is the best way for you to add some extra funding to the capital.
A merchant cash advance is a great method for you to fund your business and to make sure that you have the cash reserves you are looking. As a small business entrepreneur you should be looking to make sure that your business is able to earn the profits that you require and that the operations carry on without stopping.
Auto shops are growing rapidly in number as we have multiple auto shops located around us currently. All of these auto shops serve a purpose, which is to help clean and repair your car and make it look at it very best for your next drive.
Merchant cash advance or MCA is the new buzzword or phrase in the world of business funding and financing. Many businesses have heard praises of this form of funding from their counterparts, and cannot stop thinking about this method and just how it can benefit them. A merchant cash advance is a great way for businesses with a poor credit history to get their preferred loans at flexible rates.
While small business loans from traditional banks still spring up as a good lending solution for many businesses and many circumstances, we believe that there are some situations and scenarios that require you to go for a quick small business loan.