Tag: Canada

Canada Student Loans #business #catalyst

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Canada Student Loans

Canada Student Loans are offered by the Government of Canada to help students pay for post-secondary education at a designated college, university, or other post-secondary institution. It is offered to eligible full- and part-time post-secondary students in most provinces and territories.

The Government of Canada works with most provincial or territorial governments to deliver federal and provincial student loan programs. For more information, consult the provincial and territorial information for student loans page or contact your province or territory’s student financial assistance office .

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Date modified: 2016-08-31

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Starting a business – Canada Business Network #small #business #ideas

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Starting a business

Want to be your own boss? The idea of starting a business is appealing to a lot of people and can be very rewarding. This information will help you plan for a successful start to your entrepreneurship journey.

Get ready to start a business by doing the research and planning that will help you launch your project.

Access guides and checklists for starting different types of businesses.

Find out how to write a business plan and access templates, sample business plans, market research information and statistics.

Find out about available sources of financing for your start-up business.

Choose the right name for your business. Your business name should be unique and easy to remember, and should describe the products and services you provide.

Find out about the requirements to register your business with different levels of government.

Learn about permits, licences and regulations that apply to your business.

Explore some of the resources that can help you with hiring and managing employees as well as paying a variety of taxes.

Trying to decide where to locate your business and how to arrange it once you get there? Consider your options.

Are you ready to start a business to further your non-profit organization’s mission or generate income to support its sustainability? Find resources to help you manage and grow.

Date modified: 2016-03-17

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Business planning – Canada Business Network #business #reviews

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Business planning

Find out how to write a business plan and access templates, sample business plans, market research information and statistics.

A business plan is a valuable tool for every business owner, whether you are starting up, have been in business for years, or are ready to grow.

Know what elements are considered essential in any business plan and the key points that should be included in each section of your plan.

Find sample business plans, free templates, writing guides and interactive tools to help you develop a professional business plan.

Find the answers to questions often asked about preparing a business plan.

Is your business ready to handle emergencies? Find out how to prepare and implement a business continuity plan.

Find the right strategy for selling your business or handing it over to someone else.

Learn more about market research, how to conduct it, and where to find free information and statistics to support your market research project.

Are you ready to start a business to further your non-profit organization’s mission or generate income to support its sustainability? Find resources to help you manage and grow.

Date modified: 2016-05-05

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Canada Student Loans Program – Service Canada #business #plan #sample

#government loans

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Canada Student Loans Program

The Canada Student Loans Program provides financial assistance in the form of loans and grants to post-secondary students who demonstrate financial need.

Delivered by: Employment and Social Development Canada (ESDC )

Application Information

  • Students must first apply for a provincial or territorial student loan. Students are automatically considered for a Canada Student Loan when they apply for a provincial or territorial student loan.
  • Loan application forms are available from provincial and territorial student assistance offices and at financial aid offices in educational institutions.
  • Students must apply every year in order to receive funding.

Related Information

  • Students must give loan providers proof of enrolment within six months of finishing their last study period in order to maintain interest-free status while studying. Confirmation of Enrolment forms are issued by educational institutions.
  • The governments of the Northwest Territories. Nunavut and Quebec do not participate in the Canada Student Loans Program but offer their own financial assistance programs for students.
  • Additional information is available from the National Student Loans Service Centre .
  • The Canada Revenue Agency is responsible for the collection of repayments for defaulted Canada Student Loans .

Date modified: 2016-06-09

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Buy a business or start your own? Canada Business Network #getting #a #business #loan

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Buy a business or start your own?

Starting a business from scratch can be overwhelming for first-time entrepreneurs. If you have a great business idea and are ready to work hard to build it from the ground up, then you may wish to start your own business. But if you want to hit the ground running and avoid some of the common start-up pitfalls, then buying an existing business or a successful franchise may be a better option for you.

Starting your own business

  • Complete freedom to design and manage the business according to your vision.
  • Not bound by anyone else s rules, history or assets.
  • Opportunity to carve out a new niche in the market.
  • Can be less expensive than buying a successful business.
  • Can take time to become profitable.
  • There is no guarantee of business success and a high rate of failure for new businesses.
  • Can be more difficult to get financing because lenders or investors are taking a risk with your idea.

Buying an existing business or franchise

  • Benefit from the work that has already been done on building a brand, developing customer relationships, developing business processes and acquiring assets.
  • Can start bringing in profits more quickly.
  • Can be easier to get financing because the business model is proven.
  • The upfront investment is often higher than if you were starting your own business.
  • The previous owner and/or franchisor s business model and way of doing business may not be a perfect match with what you envision.

Learn more

If you are considering buying a business, these documents will tell you what to watch out for and help guide you through the process.

When you’re setting up your business, you need to ensure that all of your bases are covered. Consider the following steps as you navigate through the business start-up phase.

Find out what you need to know before buying a business: where to look, how to evaluate potential acquisitions, and what a fair price would be.

Learn more about buying a franchise as an option for starting a business.

Find out how to write a business plan and access templates, sample business plans, market research information and statistics.

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Online zee business news, home business canada #business #to #business

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Online zee business news Analysis

Zee Business channel Latest Breaking News, Pictures, Videos, and Special Reports from. Omni-channel refers to retailing through online and offline channels.Zee Business Live TV Streaming news Online Free See more about TVs, Business and News. online zee business news Get the very latest in business – Breaking News, Latest News, fast updated Current News. Read breaking business news stories from India and around the globe.Zee Business is a Hindi business news channel based in Noida, India. The channel is owned by Zee News. Contents. hide. 1 See also; 2 References.

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Jobs. public service jobs. public service careers, careers in government, Saskatchewan jobs. careers. The State of Ohio offers a wide range of career opportunities. A career in public service is an honorable choice. The work we do impacts the lives of the people in.

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Canada Small Business Financing (CSBF) Loan – RBC Royal Bank #business #administration

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Canada Small Business Financing (CSBF) Loan

This federal government guaranteed loan provides the financing you need to get a business started or help an existing business grow. The CSBF Loan is designed to help businesses purchase, install, renovate and modernize business equipment and other fixed assets.

How can this help my business?

  • The Canada Small Business Financing Loan can provide a Canadian business with up to $1,000,000 in financing for the purchase of land or business premises ($350,000 for leasehold improvements and equipment)
  • With assistance from the federal government, businesses can support their financing requirements without using personal assets as security
  • Term loans extend financing assets not normally covered by traditional financing options, for example, leasehold improvements

What else do I need to know?

  • If the loan is for the purchase of premises, 50% of the floor space must be for your business activity
  • Current fiscal year gross revenues must not exceed $10,000,000
  • The maximum value of all CSBF Loans an independent small business may have outstanding with all lenders (including RBC Royal Bank) cannot exceed $1,000,000 ($350,000 for leasehold improvements and equipment)
  • Applications must be submitted with a business plan which includes financial statements or projections
  • Eligible purchases made within the past six months can be financed
  • Loan terms are generally 7-10 years depending on the asset being financed
  • Maximum interest rate on variable rate loans is Prime + 3.0%, fixed rate loans is Residential Mortgage Rate + 3.0% which includes an annual administration fee equal to an annual rate of 1.25% which is payable to the government
  • A one-time up front government registration fee of 2% of the loan amount is payable to the government and can be added to the loan principal
  • Business Loan Insurance Plan is available (certain conditions may apply)

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Buying a business – Canada Business Network #business #address

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Buying a business

Buying a business can take time, energy and a fair bit of research. It can be less risky and more affordable to purchase an existing business than to start one from scratch, but it is important that you do your homework to ensure that you buy the right business for you, and that you pay a fair price for it.

On this page:

Where to find a business to buy

Businesses for sale are often advertised in print media and online, but sometimes business opportunities can be misleading. Make sure to do your due diligence before you take action. Try trade publications or commercial investment magazines, or talk to a broker who specializes in a specific industry. Networking at business events can help get the word out that you are looking to buy.

Find buyers or find a business to buy based on algorithms allowing you to find the best match based on skills and goals.

Looking to buy or sell an existing business in Ontario? Use this online marketplace to find available businesses that match your search criteria.

What kind of business should I buy?

If you buy an existing business, you have two choices: franchise, or traditional (independent) business. There are advantages and disadvantages to both.

  • Proven track record This is an established business with a proven concept; there is less risk and less initial capital required than with starting something brand new. Similarly, when it comes time to sell, you may have an easier time finding prospective buyers for a known entity.
  • Built-in customer base People know what to expect from your business because they know the brand, and trust the product or service.
  • Setup, support and training Having a parent company means having the infrastructure and processes in place, from equipment to uniforms to corporate advertising, rather than having to develop them on your own. Other franchisees can also be a source of support.
  • Set of rules and regulations to follow When you operate a franchise, you have less control over the operations than if you own an independent business; you also have to pay a percentage of your revenues to the parent company, which reduces overall earnings.
  • More control and responsibility You have the autonomy to set your own rules, but the success or failure of the business rests solely on your shoulders.
  • No fees or royalties You keep all of your earnings without sharing any of the profits.
  • More opportunity and risk You can sometimes find a business that may not be doing well but has potential. If you are willing to do the work, you may reap the rewards; you must be prepared if things don t turn out as planned.

Evaluating a business

Before deciding to buy a business, you should evaluate its condition and potential. Think about the following things:

  • What is the physical location of the business like? Is the office, warehouse, plant or retail space in good shape? What about any equipment or inventory?
  • If it s an online business, how well-designed is the website? Is it secure? Are there any metrics to study?
  • Does the business have a good reputation? You can check online for customer reviews.
  • How visible and easily accessible is the business? Is it located in an urban or rural area? You will have to consider expenses like increased shipping costs if you are farther away from your suppliers and customers.
  • Are the products or services generating revenue? Are sales increasing, decreasing or are they flat?
  • Does the business have a good working relationship with its suppliers and bank?

If a business is doing poorly, examine what the potential causes are. It may be a case of poor management, or inadequate resources. If you think you can turn it around and make it profitable, you could stand to gain from your investment; on the flip side, you are taking a big risk if it doesn t work out.

If a deal seems too good to be true, chances are, it probably is. Learn how to determine what type of business you should buy.

Know your options when buying a business. Consider the pros and cons of each business type, situation and stage.

If you need to know the value of your business, learn about the different approaches to business valuation.

What is a fair price to pay for a business? Read this article to learn how to estimate the value of a business.

Protect yourself when buying a business. This article outlines the steps you need to take before signing on the dotted line.

Determining how much to pay for the business

As a buyer, it all comes down to knowing what you can afford before negotiations start. You should be flexible in your negotiations, but also keep your budget and the value of the business in mind.

What is the value of the business?

  • You will have to determine the value of assets such as the building, equipment and products.
  • Further factors to consider are the business financial statements, annual reports and intellectual property (for example, patents and trade-marks).
  • Other valuable assets to any business are its reputation, customer lists, and quality of personnel.

Talk to clients who buy directly from the business. It is better to find out the reputation of a business before you sign on the dotted line. Banks are more receptive to a business that has a proven track record.

Find out how to access funding for your business.

Final considerations

  • Take your time and verify all of the information you are given before you commit yourself.
  • Buy a business in an industry you know well and with products or services you are comfortable selling.
  • Buy based on the return on investment and not only the price. You don t want to leave yourself short of funds for future expenses.
  • Investigate suppliers, clients and the reputation of the business before you buy.

If you are buying a business and its inventory and assets, learn about some of the requirements, changing ownership and GST/HST considerations.

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Put a price tag on your business: A guide to business valuation – Canada Business Network #best #business #cards

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Put a price tag on your business: A guide to business valuation

If you want to sell all or part of your business, you need to have an idea of its value. This information will help you understand the different approaches to business valuation, but you may want to seek professional guidance and advice. Prospective investors will also assess its value when they consider your proposal.

The process of determining the value is called valuation. You and the buyer or investor need to determine what you feel is an appropriate business valuation because it will be the basis for negotiating:

  • How much of your business the investor or buyer will purchase
  • How much the buyer or investor will pay (the price of the business or of its shares)
  • The return the buyer or investor can expect to earn

Ways of valuing a business

Valuation is not an exact science, and there are different ways of valuing a business. Each of these methods is based on different assumptions and financial information, which typically results in a different value for each method. For instance, you could base a valuation on the assets of a business (how much it owns) or by taking into account projected revenues or cash flows. Investors generally prefer methods based on cash flows. It s important to know about a variety of methods because they can be useful as benchmarks to check the validity of the value and the price you determine.

Earnings and cash flow-based methods:

  • Discounted cash flow
  • Going-concern value

Discounted cash flow

From the investor s perspective, this is usually the most accurate and effective way to estimate a business value because it is based on future cash flows. These cash flow figures reflect the amount of money that is estimated to come into the business and will ultimately determine the investor s return on investment. The discounted cash flow method is used to answer three critical questions:

  • Value: How much is your business worth today, based on what it will earn in the future?
  • Rate of return: What is the buyer s or investor s expected rate of return, given the amount invested and your business financial projections?
  • Equity share: How much equity will the buyer or investor receive for their investment?

The discounted-cash-flow method is often preferred because it can be more accurate than other methods. Its accuracy and complexity are due to the fact that it:

  • Uses cash flows: It takes into account the projected ups and downs of revenue over a period of time.
  • Discounts the cash flows: It adjusts the cash flows by a rate that is acceptable to the investor to account for risk and the time the investor must wait for a return.
How it works

In this method, cash flow predictions are discounted, or reduced, to adjust for the risk the investor faces and to make up for the fact that the investor could invest their money in something else.

Investors are looking to be compensated for their risk, and their benchmark rate or “discount rate” will adjust for the value of money over time. They will choose a discount rate and compare your proposal against that rate.

Advantages and disadvantages

The discounted cash flow method allows values to be estimated even when your cash flow is fluctuating. A start-up or new venture may expect to lose money in the first years and then make money in later years. These changes in cash flow are taken into account by the discounted cash flow method.

If you use this method, keep in mind that:

  • Its accuracy depends on the accuracy of your cash flow projections. That is why your financial data and assumptions are critical.
  • It is a complex process, so you may require professional guidance.
  • It can give you detailed estimates, but it is important to remember that business valuation is not an exact science your numbers will be based on assumptions and predictions of future performance.
Value: How much is your business worth today?

Let s say financiers are considering an investment in your business, but plan to take their money out in five years. To them, your business is worth today what it can earn during those five years, plus their share of the value of the business at the end of the five years. However, future cash flow numbers and the future value of the business are unknown. The discounted cash flow method applies adjustments or “discounts” to account for those unknowns.

Using this method, the value is the total of the cash flows, adjusted or discounted, plus the value remaining (or residual value), also discounted.

Rate of return: What rate of return will the investor expect?

Investors want to calculate their rate of return. To do that they must compare the amount of the investment to the amount they will earn at the end of the investment period. But how can they know what they will earn in the future? Again, they must use the discounted cash flow projections to estimate the future value of their investment. To do so, they will need to:

  • Estimate the cash flow in the final year
  • Estimate the value of the business based on the cash flow
  • Calculate the final value of their share in the business
  • Determine their rate of return
Value, return and exit strategy

The method used to calculate values and rates of return depends on the specific exit strategy used. Commonly-used methods include going-concern value, book value, and liquidation value.

Going-concern value

The going-concern value method calculates your business value based on its capacity to produce a stream of cash flow in the future. The greater the cash flow your business generates in the future, the higher your business value today.

How it works

The going concern value, like discounted cash flow, compares the current investment to the future receipts (cash inflows). This method uses the revenues of previous years to project future revenues, and it assumes those revenues will not change.

Book Value

This value is the net worth, or shareholders equity, of your business as shown in its financial statements. At its most simplified, subtracting your liabilities from your assets will give you your business net worth or book value. Book value can be described as the historical value of an asset that, at a given time (the day it was purchased), represented the economic or market value of the asset, less its accumulated depreciation.

How it works

To determine the book value, subtract your liabilities from the value of your assets. The difference gives you your net worth or shareholders equity. In practice, book value is seldom used in the process of securing venture capital, although it can be a realistic approach to measuring a small business net worth.

Liquidation value

A liquidation value is assigned to a business being sold in order to satisfy its creditors. Tangible assets, such as land, usually have a liquidation value close to their market value. Inventories and accounts receivable, on the other hand, are usually valued at less than what is shown in the books.

How it works

To determine the liquidation value, all assets are assigned distressed values, and all debts are totalled at book value. Most assets sold under duress are discounted from their fair market value. The difference between the distressed value of the assets and the actual or book value of the liabilities is referred to as the liquidation value.

The liquidation value doesn t reflect the real worth of an asset or a business; in most cases, it is substantially less than the market and book values. This method is typically used only if a business is in serious financial trouble.

Should I seek a financial advisor for help with valuation?

Business valuation is a complex task, and a financial advisor with experience in business valuation can be an invaluable asset.

A professional valuator can:

  • Provide the experience needed to accurately determine the value of your business
  • Offer an objective view of your business worth
  • Give investors more confidence in the credibility of your valuation

Conclusion

There is a saying in the venture capital industry: “The value of a business is only what someone is willing to pay for it.” In other words, the market, and your ability to attract investors and negotiate with them will determine the value or selling price.

Remember that many factors affect the value of your business. Seeking professional assistance can help you calculate an accurate value for your business.

Learn how to determine the value of your business and find ways to increase it.

What is a fair price to pay for a business? Read this article to learn how to estimate the value of a business.

Enlist the help of an expert who can quantify the worth of all, or part, of your business or its securities.

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Canada Student Loans Program – Service Canada #discount #business #cards

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Canada Student Loans Program

The Canada Student Loans Program provides financial assistance in the form of loans and grants to post-secondary students who demonstrate financial need.

Delivered by: Employment and Social Development Canada (ESDC )

Application Information

  • Students must first apply for a provincial or territorial student loan. Students are automatically considered for a Canada Student Loan when they apply for a provincial or territorial student loan.
  • Loan application forms are available from provincial and territorial student assistance offices and at financial aid offices in educational institutions.
  • Students must apply every year in order to receive funding.

Related Information

  • Students must give loan providers proof of enrolment within six months of finishing their last study period in order to maintain interest-free status while studying. Confirmation of Enrolment forms are issued by educational institutions.
  • The governments of the Northwest Territories. Nunavut and Quebec do not participate in the Canada Student Loans Program but offer their own financial assistance programs for students.
  • Additional information is available from the National Student Loans Service Centre .
  • The Canada Revenue Agency is responsible for the collection of repayments for defaulted Canada Student Loans .

Date modified: 2016-06-09

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