7 Must-Do Tips to Grow Your Business

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No one is born to be an entrepreneur. You may have planned on running a business, but probably have no experience in successfully growing one. Here are a few things that will helped keep the headaches to a minimum and keep future growth steady:

1. Know what your specialty is and stick to it.

Don’t try to be all things to all people. Those that do end up not being good at any one thing. It follow that offering too many services, products or varied markets can be a mistake. You need to focus on your true strength and stay away from what you may not be good at. Far reaching demands can create pressures for your team, your finances, and your whole company.

2. Stay focused on your end goal.

You should always approach growth strategically. Start with a multi-year business plan, measure results, and make changes when necessary. If you don’t set goals you won’t be able to measure progress. Having clear goals for the organization allows everyone in the team to measure results and be inspired.

3. People work for other people they care about.

Businesses need talented people to be successful. In many ways your business is team building and marketing that team within and outside the organization. You should always be trying to improve your team and make your organization more attractive to team members. True loyalty is a two way street that requires investment on both ends of the relationship. A Long serving and experienced staff will pay dividends to your company for many years to come.

4. Running a business is a skill just like any other.

Just because you are a good plumber, doesn’t mean you’ll be good at running a plumbing business. This is true for any profession. Growing a business requires a mind for business, and strong skills in a particular area of practice. Many aspects of business are critical to business success. These include: business processes, people management, billing and operations. Many smart and talented people get into business only to fail. You must look at any business through the lens of overall success, and not remain focused on only being good at your profession.

5. Your positive attitude will inspire others.

When you love what you do it shows through to everyone around you. The importance of Excitement and enthusiasm cannot be overstated. Your team will work harder, become more focused, and be more successful with positive minded leadership. This translates to a better end result. An unhappy person that leads through negative motivation, on the other hand, will create a challenging work environment.

6. Focus on always getting better.

The world we live in is changing every day. It is important to innovate if you want to remain relevant in any industry. You must always be looking at how you do things any why. Don’t become stuck in your ways. Look for ways to improve your end product, improve your skills, and become more efficient at what you do. Innovation and creative thinking are what ultimately keep you ahead of the competition and drive profitability.

7. Don’t expect customers to beat a path to your door.

When times are tough, many businesses look at marketing as an expense and try to cut back. There are many good ideas throughout history that lacked marketing support and failed. Many companies tried to rely exclusively on the strength of their product. Consumers can be fickle. They generally buy products that they have tried or have been referred to them by people they trust. You need to make sure your product is ready for retail and that strong consideration has been given to product marketing.

There is no sure-fire guarantee for business success. It takes a combination of strategic and creative thinking to give a business a chance to succeed. Contact The Canadian Grants Business Center for assistance with government financing to help grow your business at: 1-888-231-0075.

6 New Business Start-Up Ideas for 2016

2016 is a great year to start a new business. Here are a few small business ideas that may inspire you to get started on your new path:

Commercial Cleaning

Janitorial businesses offer a great way to work off peak hours. Commercial cleaning is done at night, so It is a perfect compliment to other daytime activities. It also pays well, and has low start-up costs making it ideal for a business owner with a strong work ethic and desire to succeed.

Accounting, Bookkeepping & Payroll services

Accounting is complicated for the inexperienced. Many small business owners would prefer to have a professional handle these tasks. Every business in Canada needs accounting services. A business with a big business to business market, repeat clients, and high prices makes for a perfect small business opportunity for someone interested in establishing an accounting business.

Construction Equipment Rental

With Canada’s booming housing market and all the new constructions start-ups, there is an increased demand for equipment. Many small contractors and construction businesses can’t justify the expense of owning and maintaining the various equipment they need on a case by case basis. With interest rates at record lows, there is the opportunity to lease or finance equipment at discounted prices, and rent that equipment to the small businesses that need it. Once the equipment is paid for it can become a real long term cash generator for the rental owner.

HVAC Installation and Maintenance

Global warming is a generally accepted fact. The reality is that Hot or Cold, Canadians will always need HVAC equipment. As our summers get hotter, and winters more unpredictable, there are more opportunities for businesses in the heating and cooling installation and maintenance business. HVAC equipment needs professional installation, ongoing maintenance and eventual replacement, and as such is a great way to establish long term customer relationships and residual income.

Food truck

Food Trucks are the new hot trend in food service. They offer many advantages over opening a traditional restaurant, including lower start-up costs and overhead. In addition ot lower overhead, Food trucks are able to move around to different places, where demand is highest. A food truck doesn’t need to offer as large a selection as a restaurant, so operators can really concentrate on what they are best at.

Apps for Children

There is always a demand for innovation in education. With the increasing popularity of mobile devices, and the app-stores they offer, small business owners can leverage a great app idea into a hit. The children’s education category offers a unique opportunity to make software that qualifies as educational and offers a great opportunity to maximize return on investment.

Canadian Grants Business Center helps small business owners in Canada to find and apply to government funding programs to start or expand a business. Find Funding now at: http://canadiangrantsloans.com/funding-finder/

New Funding for 2 Cape Breton Microbreweries

Two Cape Breton microbreweries have landed $436,000 in federal money.

Mark Eyking, MP for Sydney-Victoria, announced that the federal government, will be investing in support of construction, development and expansion projects.

Big Spruce Brewing is receiving a repayable investment of $350,000 to support the construction of an additional 1,500 square metres of building space at their facilities located in Nyanza, Cape Breton.
This project will also assist with the purchase of new incremental processing equipment and the installation of an innovative product containment system. The brewery focuses on organic ales with ingredients sourced locally.

Breton Brewing Co. is receiving a repayable investment of $86,000 to support the installation of two new fermenting tanks and a canning line for packaging at their microbrewery in Sydney. This equipment will assist Breton Brewing in keeping up with consumer demand and allow finished products to be sold more easily to second-party vendors. Breton Brewing previously received federal funding, for the establishment of its microbrewery.

The craft beer industry in the province saw sales grow by 25.1 per cent this past year, spurred by 23 local microbreweries.

The Canadian Grant Business Center is the leading R&D Company for business funding in Canada. To see what funding is available to your new business, please contact us.

Toll-Free 1-888-231-0075

Government Funding for Flying Colours Corp. Expansion

PETERBOROUGH, ONTARIO

The member of Parliament for Peterborough-Kawartha, and on the behalf of the Minister of Innovation, Science and Economic development and the Minister of responsible for the Ontario branch of FedDev, announced a funding initiative of up to $4.87 in grants, loans and subsides to the Flying Colours Corp for it’s expansion initiative.

The Federal Government, with its’ new vision developed in the 2016 Canada Budget, wants to make Canada the center of global innovation, in science, technology and creativity for companies. With this, helping companies as Flying Colours Corp., to succeed in exporting and marketing its technologies and any future services.

The Flying Colours Corp. is a global aviation services compay, its main service is to retrofit aircrafts and provide fully customized aircraft interiors, with the latest in technologies and state of the art equipment. The repayable and non repayable contributions from Fed Dev, is to develop Flying Colours 100,000 square foot hangar at the Peterborough Airport. This new hangar will enable the company to worker on larger aircraft, and meet the increased global demand the company is receiving.
The investment will also help 200 Ontario based suppliers that provide materials to Flying Colour Corp.

Quick Facts:

• With a total project cost of $20.15 million, this project will leverage a $1.2-million investment from the Government of Ontario and more than $14 million from private sector investment. The project is also expected to create up to 50 skilled manufacturing, engineering, management and technical field full-time equivalent jobs.

• Established in 1994, Flying Colours Corp. previously received a repayable contribution of up to $900,000 from FedDev Ontario to expand its facilities and acquire new equipment. The successful completion of this project resulted in 37 new jobs and has positively benefited the surrounding community.

Canadian Small Business Grants Help Small Businesses

According to Statistics Canada, roughly half of employed citizens in Canada work for small to medium sized businesses. When new companies are launched each year, it is no doubt a great importance for Canadian job prospects. These new companies are key to driving economic development and demand special attention from government organizations to continue to add jobs, develop local communities and grow not only the local economy, but the national economy as well.

In open economies, the local, provincial and national governments for a country are key to playing a pivotal role in removing any obstacles to starting and operating a brand new business. According to international data, Canada is the second easiest country to start a business out of 189 countries surveyed. On the other end of the spectrum, Canada is ranked 14th in business competitiveness, among 144 countries reviewed by the World Economic Forum.

Like many first world nations, Canada, offers small and medium sized business a large selection of government funded grants and loans in order to aide them maintain growth and prepare for further funding if needed. This approach is not universally accepted, and has been scrutinized on many occasions.

Why should small and medium size business be cautious when trying to obtain government funding?

Research has shown that the world over, government struggle with the severity of restrictions they place on startups trying to obtain R&D funding. Usually these restrictions are put in place to block overseas income of government-funded research and development activities. Governments are trying to keep projects funded within the country, but by doing so, may scare off foreign investment. Small and medium sized businesses who receive government funding have a lower likelihood in obtaining foreign investment.

Why should small and medium sized business obtain government funding?

Local and national Canadian governments plan to renew Canada’s reputation as an innovation hub. In order to accomplish this, they will have to match what other countries are doing with balancing local and foreign investment and increasing current local and national funding programs.

Canada contains an environment with resources available to create the perfect storm for companies to setup shop, complete with large opportunism to secure government grants and loans at all levels of government.

Hundreds of start ups have grown out of incubators to become industry leaders. Innovation has grown from unusual Canadian regions like Northumberland Ontario to the usual places like Waterloo. In addition, not-for-profit organizations are lauching all over Canada to increase entrepreneurship in young people. Students all over Canada are enjoying working for start ups today, and you can search at the cores of these business and find a government grant that funded its growth.
The Canadian Grant Business Center is the leading R&D Company for business funding in Canada. To see what funding is available to your new business, please contact us.

Toll-Free 1-888-231-0075

BDC Announces $500 Million in expanded funding for SMEs in Western Canada

Calgary, November 17, 2015 

The Business Development Bank of Canada (BDC) announced today that it has earmarked $500 million in additional financing for Canadian SMEs impacted by the decline in oil prices. It will also provide advisory solutions to help companies adjust their business operations to weather the impact of the current economic downturn.

Summary of the announcement:

  • The half a billion in funding represents an significant increase of 40% compared to the bank’s normal lending to businesses in the oil and gas sector.
  • BDC will be working to process applications faster during this time of increased business need.
  • BDC’s strategy is intended to help promising companies with projects aimed at diversifying their business, increasing their operational and environmental efficiency, improving financial management, as well as purchasing new technology and equipment.
  • BDC is the only bank dedicated exclusively to entrepreneurs, and mandated to do so by the Canadian Government. It offers loans, investments and advisory services. BDC’s purpose is to support Canadian entrepreneurship with a focus on small and medium-sized businesses.

To find out more about accessing BDC funding and other government programs for business, please contact the Canadian Grants Business Center at:

Canadian Toll Free 1-888-231-0075 Or Visit: http://canadiangrantsloans.com/contact-us/

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Canadian Grants Business Center: City of White Horse announces Government Grants

November 23rd, 2015 White Horse, NWT

More than $ 60,000 will be making its way to a number of organizations. Whitehorse is preparing for a large number of programs and events between now and next June according to Canadian Grants Business Center.

At the city council meeting Monday, members approved $ 36,100 in grants this fall with $ 25,200 in cash and $ 52,222 in services for festivals and special events set for the first half of the next year.

The biggest subsidies drop will go to the Yukon Arts Society for its recreational and educational arts program; Arts Underground. It will receive the full $ 12,000, the society asked for.

At the other end of the scale, receiving smaller grants of up to $ 1 920, is Playschool Association with a large portion of the funding to go towards supplies and field trips.

Other groups who will receive funding are:

  • Performance Group fiddleheads to $ 2,500 for young music lessons, workshops and performances;
  • Nakai Theatre Ensemble to $ 4,500 for 24 hours playwriting competition and cabaret;
  • Arctic Edge Skating Club $ 5,180 for its Yukon Championships
  • Yukon Learning Disabilities Association $ 10,000 for its Raven camp.

Participating in the Monday meeting of managers by conference call, Con. Rob Fendrick thanked the group to implement the recommendations for grants, noting the work “is not an easy task.”

Con. Jocelyn Curteanu then confirmed with staff that the next deadline for all types of recreation grants will be March 15, 2016.

The current recreation grant drop provides funding for ongoing programs around the city, festivals and special events also get supplies, cash and services for large events.

New applicants will receive cash and services with the biggest beneficiary being the Yukon Sourdough Rendezvous Society for its annual winter festival set for February 19 to 28.

It will receive $ 8,700 in financial aid as well as assistance worth more than $ 37,000.

The smallest grant of the festival – a total of $ 950 in cash without assistance – will go to the collective D60 for its art event Nuit Blanche Whitehorse scheduled for June 18-19

Also receiving funding for festivals and special events are:

 

  • Chinese Canadian Association of Yukon to $ 1,000 in cash and no help services for its Chinese 2016 New Year Party for February 6;
  • Yukon Literacy Coalition, to $ 1,000 in cash and services valued at $ 330, for its event Family Literacy Day scheduled for January 24;
  • Anti-Poverty Coalition Yukon, $ 1,600 in cash without assistance services for its event Whitehorse Connects set May 26;
  • Educational Theatre Society, $ 1,850 in cash and services valued at $ 4,490, for burning away the winter blues festivities planned for March 19;
  • Gwaandak Theatre Society, $ 2,100 to $ 3,200 in cash and services for the Magnetic North Theatre Festival from June 10-18;
  • Yukon Film Society, $ 3,000 in cash and no services for its Film Festival Light Available from February 7 to 14; and
  • Yukon Quest International Association Canada, $ 5,000 in cash and $ 7,000 in services, for the portion of Whitehorse’s annual racing dog sled running from Fairbanks to Whitehorse. The race will begin February 6th in Fairbanks.

MAG ONE Recieves Government funding approval

Vancouver, British Columbia (November 10, 2015) –

MAG ONE Products’ application for a grant from the Canadian Government’s Industrial Research Assistance Program (IRAP) has been approved. The National Research Council’s program is Canada’s premier innovation assistance program for small and medium-sized enterprises and is regarded world-wide as one of the best programs of its kind. As each IRAP application is reviewed by a specialist in the specific commercial sector to which a grant application relates, a grant approval is a strong endorsement of a company’s technology.

Dr. James G. Blencoe, CTO and co-chairman, said: We are looking forward to working closely with IRAP to ensure that profitable, large-scale Canadian manufacturing of magnesium is initiated at the earliest possible time.”

MAG ONE’s game-changing, thermal magnesium (Mg) processing technology is targeted to produce 99.9% pure magnesium ingots at a cost that is at least 25% lower than current global magnesium production technologies. This cost reduction is partly due to MAG ONE’s modular expansion strategy, which ensures that capital expenditures for plant construction will be much lower than they are for competing electrolytic magnesium manufacturing facilities.

MAG ONE has recently gained access to 30 million tonnes of magnesium ore at a price of $1.50 per tonne. This ore, which is sitting on the surface in Quebec, Canada, contains approximately 23% magnesium, and is sufficient for 70 years of production of magnesium metal at the target capacity of 100,000 tonnes annually.

There are many exciting new developing markets for the metal, particularly in the automotive industry where magnesium could reduce the weight per vehicle by 15% or an average of 500 lbs.

Canadian Grants Business Center reports on Community Funding

British Columbia November 3rd, 2015

Two mission projects are among the 385 that are part of the Aviva Community Fund competition Canada.

The vote for the Aviva Community Fund in 2015 ended Saturday, with people voting online for projects designed for positive change in the communities across Canada. The ideas every fall in at least one of three categories: Community resilience, community health, and community development. There are two funding levels: less than $ 50,000 and between $ 50,000 and $ 100,000. The finalists will be announced today, November 3rd,2015.

The two projects of the mission are Acres Emma and Waterfront Acres Eco-Education Centre on the Lake of Hatzic.

Acres Emma is an enterprise of the agricultural social enterprise in the mission managed by the Company.  CLIC employs victims and survivors of crime, ex-offenders and offenders. Vegetables, herbs and fruits are grown naturally without the use of pesticides and chemical fertilizers on property leased by the District of CLIC Mission.

With 4.5 acres cleared so far and two greenhouses heated 95-by-36-foot up, Emma Acres will be the first year small farm lot more in the community. It sells locally at farmers market Mission City Farmers Market in Deroche and locales.Certains products companies are also donated to non-profit corporations in the mission, including food banks and community kitchens. Proceeds from sales Acres Emma goes to finance the work of CLIC Society in the community, particularly its work with Emma grave.

Acres crime survivors wants to improve its drip irrigation and obtain electricity on the site, so that it can construct a cold storage facility. Should be amended with lime, compost and manure to stimulate the production of the soil, It will cost about $ 45,000.

Eco-Waterfront Educational Centre is offered at Camp Luther Hatzic Lake. Camp Luther has a long history of running camps, summer events for children and groups hosting guests since 1950. “We like to get people in the while enjoying the natural world community. Unfortunately, while the institution sees thousands of visitors each year, the property was not a safe area outside for people to use and enjoy nature and its surroundings during bad weather ” said the counsilor.

The project goal is to build a closed eco-education center sheltered waterfront as an important step in education and promotion of wildlife and the environment.

Government Funding for Ontario Manufacturing Firms.

OCTOBER 14th 2015, PRINCE EDWARD COUNTY, ONTARIO

Multiple tech companies are expanding while an automotive parts business will be increasing production following funding announcements in the region Monday.

Federal Economic Development Agency (FEDEV) for Southern Ontario Minister Gary Goodyear and Prince Edward-Hastings MP Daryl Kramp visited two local businesses to announce this government funding and the positive impact it will have on businesses in the area.

The pair were at Huff Estates Winery Monday afternoon to speak about a $900,000 investment in two tech companies.

The companies – Open Ocean Apps and Komodo OpenLab – will receive the money thanks to a partnership between the Prince Edward/Lennox and Addington Community Futures Development Corporation and First Stone Venture Partners. The influx of cash will create eight new jobs locally within the two tech companies to help them improve growth.

PELA CFDC received a non-repayable $5 million contribution through FedDev’s Ontario Investing in Regional Diversification initiative. That dollar amount was matched by a private investment from First Stone Venture Partners to establish a $10 million investment fund to support venture capital investments.

Open Ocean Apps received $400,000 to help the company’s Pro Angler app grow on a global level.

CEO and co-founder of Pro Angler, Kyle Reid, said the app is the “number one ranked fishing app in the U.S., providing anglers in Florida and Texas with comprehensive, real-time fishing information.”

Reid said the company was utilizing the Ryerson University Digital Media Zone (a business incubator for early-stage technology start-ups) before coming to the Picton Innovation Centre.

Reid said the investment has allowed them to hire a local staff to help create a constant stream of up-to-date fishing content.

“This capital allows us to employ high-talented, local individuals,” he said.

Komodo OpenLab will receive $500,000 to expand their device compatibility and introduce their product Tecla, in global markets. Tecla is a set of hardware and software tools that “changes the lives of people with physical disabilities who are unable to use touchscreen.”

Tecla allows people with spinal cord injuries, cerebral palsy, MS, ALS and other conditions to interact with their smartphones and tablets via adaptive controls they already use such as wheelchair joysticks, button, sip-and-puff controllers of head arrays.

Komodo OpenLab CEO Mauricio Meza said Tecla allows people to be more independent.

“We want these people to have access to the same tools we have.”

Mauro Lollo, president of First Stone Venture Partners, said the investments will help enhance and diversify the economic profile of the local community and create “some world class products with a local stamp on them.”

Earlier in the day, Kramp and Goodyear announced an investment of up to $2.175 million for Halla Visteon Climate Control Canada Inc. (Halla Visteon Canada) to launch a new line of thermal engine control parts.

Halla Visteon Canada, a subsidiary of global auto parts supplier Halla Visteon Climate Control, manufactures parts for automotive climate control systems. The company is adopting new technologies and manufacturing processes for one of its Belleville plants where electronic throttle bodies and electronic coolant valves will be produced. These parts are elements of the company’s expanded product offering into the thermal and emissions segment of the automotive industry. The adoption of new advanced technologies has allowed Halla Visteon to reverse its decision to close an underutilized Belleville plant. The company will diversify its climate control products and will be better equipped to respond to the automotive industry demand for new technologies and innovations that improve the fuel efficiency of vehicles.

The project, which will take place at the College Street plant, is expected to create up to 70 new jobs and maintain 25 existing jobs.