Growing your business
Day-to-day operations will take up a great deal of your time, but as the owner of a small business, you must also manage your company's growth. Here are some tools that can help:
- Management and Operations on the Canada Business website is a great place to start. It contains information on managing a business.
- To find out how you're doing in comparison to others in your industry, you'll want to use financial ratios (for more information, read this article), and you can try BDC's financial ratio calculator. For information on other businesses, you may want to check out Dun & Bradstreet reports.
As your company grows, you may need to hire employees. For an introduction to your obligations as an employer, try "hiring and managing staff" on the Canada Business site.
- You can calculate payroll deductions with this tool.
- Check out this BDC article on recruiting.
- If you want to post a job, try the Globe's new Careers site
- Human Resources Management Canada is a government site with an excellent information bank and info about assistance programs.
- Consider hiring a student.
Perfect your e-business strategy
If you have a business, you should consider creating a website. But a website can be one simple page with your contact information, or a secure commerce-enabled database-driven site. Try this article about e-commerce and exporting or this article, Perspective: Take your website to the next level.
Join a business association
- Networking is an essential part of successful entrepreneurship. There are many different types, from the general Canadian Chamber of Commerce or Canadian Federation of Independent Business to more specific ones such as the Canadian Technology Network.
- You will probably want to check out your local business associations, too - your municipality may have a list online.
Content in this section is provided in partnership with the Business Development Bank of Canada. BDC provides entrepreneurs with financing, venture capital and consulting services. To find out more go to BDC.ca.