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/

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.

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.

Federal Funding for New Brunswick Farm

Government of Canada invests in Gervais Farms LTD

Saint-André, New Brunswick September 20, 2013

The Governments of Canada and New Brunswick today announced investments in Gervais Farms LTD for improvements to their seed potato processing and shipping operation in Saint-André.

Mike Allen, MP for Tobique-Mactaquac, and Minister Danny Soucy joined Les Fermes Gervais Ltée officials to announce investments in equipment upgrades at the facility.

“Our Government recognizes that small and medium-sized businesses are the lifeblood of our national economy.  Their vitality and success are the foundation of Canada’s long-term prosperity,” said MP Allen on behalf of the Honourable Rob Moore, Minister of State (Atlantic Canada Opportunities Agency). “That is why projects like the one undertaken by Les Fermes Gervais Ltée are also, in fact, an investment in the prosperity of our communities, our citizens and their families.”

“Our investment will enable Les Fermes Gervais to continue growing and creating jobs in the region,” said Soucy, on behalf of the Honourable Paul Robichaud, minister of Economic Development. “Creating new opportunities and economic growth in northern New Brunswick is central to our plan to rebuild New Brunswick.”

The project involves the purchase of new equipment to increase the productivity and efficiency of the company’s seed potato processing and shipping operation.  It includes the purchase of a potato sizer, conveyors, a rock eliminator, a roller table, a divider table, an electric forklift and a holding tank.

The Government of Canada is providing a repayable contribution of $132,000, and the Province of New Brunswick is investing $110,000 into the project.

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Government Funding / Government Grant / Government Secured Loans for Atlantic Companies

Canadian Government Invests in Atlantic Province Companies

Aug 9th, 2013 Cheticamp, NB

The Cheticamp Marine Centre has received $1 million in project funding to offer inspection and repair services to marine traffic across Atlantic Canada and Iles-de-la-Madeleine. The federal loan will also provide haul-out and storage of large commercial and recreational vessels — the only boat lift of its kind on the western coast of Cape Breton.

According to Angus LeFort, president of the Conseil economique de Cheticamp: “It’s a very important project for this area. It’s going to create jobs for this area hopefully. Any type of investment of that sort is very welcome in this community.”

The project is to build and upgrade two 60-metre piers to accommodate the huge marine travel lift and an large building where Cheticamp Boatbuilders Ltd. will conduct repair work on vessels.

Federal Transport Minister Lisa Raitt, made several funding announcements on behalf of Rob Moore, the minister responsible for the Atlantic Canada Opportunities Agency.

The Cheticamp River Atlantic Salmon Association, which is a community-based stewardship group mandated to enhance the salmon fishing experience in the Cheticamp area, also received almost $95,000 to develop a detailed habitat management and restoration plan for wild Atlantic salmon in the Cheticamp River watershed. The funds will also be used to implement two priority restoration projects for the association.

ACOA also gave $18,750 to L’Association des radios communautaires en Atlantique, which represents francophone community radio stations in Nova Scotia, Prince Edward Island, and Newfoundland and Labrador. The funds will be used to develop websites and social media platforms for its various members as well as for the association itself so the group can better promote member programs and services.

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Financial Assistance For Alliantis Metal Inc.

Government of Canada Provides Funding for Quebec Metal Production Company.

July 19th, 2013 Acton Vale, QC

Financial assistance of a 317,500, has been awarded through Canada Economic Development’s Quebec Economic Development Program to Alliantis Metal Inc..

The Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, has announced that Alliantis Métal Inc. has been granted this financial assistance in order to acquire modern laser cutting equipment. The investment will improve the productivity of their plant.

“By supporting Alliantis Metal in the acquisition of state-of-the-art technology, the Government of Canada is showing proof once again of its commitment to invest in projects that can help grow the economy,” said Minister Lebel.

Alliantis Metal Inc. is a specialized manufacturer of often complex metal parts and components. The company, which was founded in 2007, also offers value-added services including: welding and assembly of product components and specialized robot assembly. The firm’s  clients consist mainly of manufacturers in the industrial, recreational, medical, transport and energy sectors.

The government funding from the Canadian Government will help strengthen the company which will in turn be able to sustain high value jobs.

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Government of Canada and New Brunswick invests in East Coast Manufacturer

Government of Canada and New Brunswick invests in Apex Industries Inc.

May 31, 2013 Moncton, NB

The Honourable Gail Shea, Minister of National Revenue and Minister of the Atlantic Canada Opportunities Agency, and the Honourable David Alward, Premier of New Brunswick, announced that the firm Apex Industries Inc. will be receiving combined financial assistance.

Apex Industries will use the financial assistance in order to improve their company’s competitiveness and to also create greater opportunities for the aerospace and defence sector in New Brunswick.

“This support to Apex Industries will maintain and create jobs in New Brunswick’s aerospace and defence sector,” said David Alward. “Diverse and dynamic, the aerospace and defence industry is a major driver of the region’s economy. That is why our Government is pleased to help Apex Industries acquire new equipment to create greater opportunities in the aerospace sector and gain expertise to enhance company competitiveness,” said Minster Shea. Apex Industries Inc. operates within various business sectors including aerospace and defence, oil and gas, mining marine and construction.

The company serves and or supplies customers within six of the seven continents of the world. “Our Government’s top priority is jobs, growth and long-term prosperity,” said Minister Shea. The Honourable Gail Shea & the Honourable David Alward will invest in the form of a $1,512,500 repayable contribution to the incorporation Apex Industries.

“Our government remains focused on four priorities, as outlined by the Prime Minster that Canadians care most about: their families, the safety of our streets and communities, their pride in being a citizen of this country, and of course, their personal financial security,” concluded Minister Shea.

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Government of Canada Funding For Ottawa-Area Business Start-Ups

Government of Canada invests in six Start-Up Development Companies

Ottawa, Ontario March 22, 2013

The Honourable Gordon O’Connor, Member of Parliament for Carleton – Mississippi Mills, announced that six start-up technology development companies will be granted financial assistance.

BLINQ WIRELESS INC. will be granted financial assistance from the Government of Canada up to $984,667.

ESIGHT CORP. is receiving financial assistance up to $950,000.

IMPAKT PROTECTIVE INC. will be receiving financial assistance in the form of a $500,000 contribution.

MAGOR COMMUNICATIONS CORP. will be receiving financial assistance in the form of a $500,000 contribution.

FUSEBILL INC. is receiving financial assistance up to $450,000.

THINKRF CORPORATION will be receiving financial assistance in the form of a $287,500 contribution.

“Our Government continues to support the drivers of growth and job creation – innovation, investment, education, skills and communities,” said Minister O’Connor. The Government of Canada will be investing in all six companies an amount of over to $3.5 million.

The companies are expected to create 123 high-value, full-time jobs in the Ottawa area with an additional 202 jobs by 2017.

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