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Three Important Things Business Owners Forget To Do. PDF  | Print |  E-mail

Starting your own company may be the best thing you ever do. Before you open your business, you could spend countless hours speaking to accountants, lawyers, and other professionals figuring out your next steps. Here are four things that every business owners need to get straight, and some forget to do. Don't get bogged down fixing a mistake that will cost you countless hours, make sure you get these things right from the get-go:

 

1. Own Your Business Name.

The company name you choose should be an available DBA and Internet domain name. Start by searching the internet to see if anyone else is using your chosen name. You can then check online at the company registrar for your province to see if a name is available. Failure to properly obtain a DBA could cause you all sorts of headaches, and wasting the time and energy you invested in establishing your name.

2. Know How Much It Costs To Live.

When you start your business plan, you must remember to pay yourself first. You need to take into account your cost of living: Rent, mortgages, and personal bills cost real money and don't just pay themselves. You can often save money by reducing unnecessary personal expenses. Don't forget to account for unforeseen or unexpected expenses. Always factor a little flexibility into your budget for those “unforeseen” moments.

3. Don't Spend Too Much, Or Too Little.

Starting a business can be incredibly demanding on you and your finances. It's important to realize where and when to spend your money.  It’s important not to waste your start-up dollars, but sometimes it’s more important to know where to spend where necessary. In any business, you have to spend money to make money.  Don’t skimp out on the things your business needs. It may be worth it to pay a professional thousands to help you do things yourself, but perhaps you don't need to buy a new desk. Don't let technology pass you by: there are many time-saving programs and apps that you can use to keep things running smoothly and organized.

We all know, “time is money.”

When you are ready to start your business, the Canadian Grants Business Center can help.

Contact us Toll-Free at 1-888-231-0075 or Contact us now to find out more!

 
Five Expert Tips For Starting A Business PDF  | Print |  E-mail

Starting your own company is not easy, but it's absolutely possible.  Everyday people are faced with challenges and potential setbacks, but throughout the process we have found five principles that help guide new business owners.  We hope these tips will also help you find success as you begin building your own business:

1.  Be Passionate about what you are doing. Whether you are talking to your friends, family, investors, or guests, your passion for your company should shine through. To become successful, you, your team members, and your customers have to love what you're doing. By showing others your passion, they will follow your leadership.

2.  Surround yourself with the right people. A great team needs more than a great captain. You will have plenty of ups and downs in a startup. You need people you can count on in your personal and professional life who can be outlets, mentors, advisors, and friends.

3.  Treat people as people, not customers. Don't forget, the reason you are creating a business is for the benefit of others. Treat your customer the way you would like to be treated. Take the time to learn how they think and feel and why. Understand their overall experience, and learn how to improve it. Listen and learn from them, they will help you innovate.

4.  Learn from your mistakes. You’re going to make lots of mistakes. Don’t dwell on them, face your mistakes head-on. Errors will teach you things you did not realize you needed to know. The biggest mistake you can make is not learning from the ones you make.

5.  Take time everyday to reflect on what you are doing right. One of life’s most common regrets is not following your intuition. There will always be things that need improvement. Every day, keep a minute to stop, sit and reflect on the journey that you had the courage to start. Now take this positive momentum and run with it.

For more information and tools to help you start a business please visit us at: http://www.canadiangrantsbusinesscenter.com/contact.html

 

 
Top 3 Reasons Grants are Hard to Find PDF  | Print |  E-mail

Federal, Provincial or municipal grant funding has been available for ages. But even today, not many people know about them. While the information is available to the average entrepreneur is not exposed to government grant funding for multiple reasons. Today we will list the top 3 reasons why small business grants are hard to find:

No Marketing: While there is a multitude of grant programs available, the government does not market them accordingly. While some programs may be pushed during election time, 95% of the time there is little to no marketing campaigns for these programs, online, on television, or on the radio.

Complicated Websites: Even when entrepreneurs are aware of government funding, to get the proper information to apply for the grant is a whole job within itself. Getting the administration of the fund’s contact info is extremely difficult. Searching online will yield little direct results, and once you do find the contact information, you need to know specifically what program you are looking for.

Banking and Loan Companies: Banks and Loan companies market everywhere for business financing. They make it easy to find, and easy to apply for. This ease of access to information is the reason why entrepreneurs look to business loans first before even considering a government grant.

Your business may qualify for governments grants or government loans to help you grow and succeed. Contact The Canadian Grants Business Center today to see what funding is available for you.

 
Seafood business receives funding for live crab storage PDF  | Print |  E-mail

Jun 20th, 2016 Arichat, NS

The federal government has just presented $800,000 in business funding to support research and development in the seafood industry within two rural Cape Breton communities.

After years of research, NovaCan Live Seafood has developed technological capabilities of storing live snow crab for extended periods of time, allowing the company to export to new markets. This new design represents new technological advancements as there are no live snow crab storage operations currently in existence.

Support for the expansion comes as a $500,000 loan under the business development program to assist with the construction of the storage system. Upon completion, the facility will be capable of holding up to 150,000 pounds of live snow crab.

Many companies that process daily catches struggle to stay competitive and face new challenges such as attracting and maintaining a qualified workforce.

With assistance from the business development program, the University Sainte-Anne marine research centre will establish a mobile seafood processing unit that will serve as both a resource for the fishing industry as well as a training facility to help address demographic, geographic, competitive and resource challenges. The federal government is contributing a $300,000 grant to the pilot program.

The project is intended to alleviate labor shortages in the fishing industry and create a seamless pathway between education and employment.

Nova Scotia is Canada’s largest exporter of fish and seafood, exporting approximately 125,157 tons of produce each year.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT MANUFACTURING GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, NS BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS, SMALL BUSINESS GOVERNMENT GRANTS

 
Government Funding for Septic System Company PDF  | Print |  E-mail

May 12th, 2016 Charlottetown, PEI

A company located in Prince Edward Island will get government money for septic systems products. Dynamic Monitors has built and tested an internet-connected device that would monitor septic systems for malfunction.

A Stratford, Prince Edward Island, company is getting a new influx of government funding to help it research and develop a product that could make sewage treatment systems more safe, and efficient.

Dynamic Monitors, a business unit of Engineering Technologies Canada Ltd., is working on a new Internet-connected device that keeps watching to determine if a septic system may be at risk of malfunctioning or overflowing. The early warning alert system is similar to the low oil pressure warning on a car dashboard, but it's sent directly to any internet-connected device.

They have named this product the Septic Sitter, currently, it is going through a final field testing phase in about a dozen septic systems in the province.

In 2015, the company received a $100,000 grant from the province for research and development.

Now, the company will receive a new round of funding from the Canadian Government of almost $300,000.00 plus up to $16,000.00 from the province for marketing expenses.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT MANUFACTURING GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, PEI BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS, SMALL BUSINESS GOVERNMENT GRANTS

 
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