Manage your finances
Is your financial management sound? Does it include regular financial planning and budgeting? Is the full picture mapped out in clear, concise financial statements? Taking the time to focus on your business’s financial health can help you identify problems and turn things around. Master the numbers and use your knowledge to reach your financial goals.
What challenges are you facing?
Check out the content below to find out more about how to plan and manage your business’s finances.
Planning my company's finances
Proper financial planning will increase your company’s ability to foresee and address potential problems, and to adapt to any changes that may arise.
Managing my company's finances
A lack of financial management expertise is a common problem for entrepreneurs. Ensuring that you have the right knowledge and tools will help you to take control of your company’s finances.
- How can entrepreneurs deal with price increases?
- How to complete a sensitivity analysis
- How Superior Strategies became one of the few 100% Indigenous-owned PPE suppliers in Canada
- What amount can I use on my operating line of credit?
- 10 warning signs you could be heading for financial trouble
- Corporate income tax return: What to do with the federal support received in 2020 ?
- How to turn around the finances of a struggling business
- From our blog— Cash flow management strategies for the second wave of COVID-19
- How this 19-year-old woman built an impressive logging business
- How to evaluate a capital investment: 5 questions to ask
- 3 types of financial reports every entrepreneur should prepare
- Cash is king: How this entrepreneur mastered the basics of financial management
- Managing cash flow in a seasonal business
- How to get control of your company’s finances
- 5 tips to manage your cash flow
- Video— 7 tips on taking control of your cash flow
- 3 key indicators for your cash flow dashboard
- FAQ about GAAP for Private Enterprises
- Early payment discounts—more valuable than you think
- 10 tips to collect bills more effectively
- Cash conversion cycle: An essential tool to boost your cash flow
- Techniques for better cash flow management
- Tips for generating more cash in your business
- Better cash flow management: How it benefitted this entrepreneur
- A simple guide to tax deductible business expenses
- Does my business have to collect sales taxes?
- How to use the working capital ratio to keep your business healthy
- How to increase working capital and keep your business agile: 6 tips
- From our blog— 3 ratios to monitor the long-term financial health of your business after COVID-19
- From our blog— Why managing your working capital is key to a successful recovery
- From our blog— COVID-19: 7 steps to sustain your business through the disruption
- From our blog— SaaS and recurring revenue model: Making the numbers work
Most small businesses are already on a tight budget but finding additional ways to cut expenses can really pay off.
A question that entrepreneurs often ask themselves is “How can I make more money?” The good news is there are specific strategies you can use to improve your business’s profitability.
Evaluating my company’s financial performance
Evaluating the financial health of your company goes beyond just looking at your bank statements; it takes a full review of your business’s financial statement to evaluate performance.
- How to measure your profits
- 4 ways to strengthen your business using financial ratios
- Where to find industry benchmarks for financial ratios
- How to use financial ratios to improve your business
- 5 financial indicators every entrepreneur should monitor
- 4 ways to assess your business performance using financial ratios