Money

So you're thinking of opening your own business – starting a bed and breakfast, opening a restaurant, or setting up a local grocery store. Before you set off on your entrepreneurial journey, there are certain things you need to think about and get sorted out. First of all, you need to assess yourself.

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Bankruptcy is an involved process in Canada, and though you don’t lose literally everything at the time of declaring it, it can take months of dealing with a bankruptcy trustee, selling things off, and living on the bare minimum to be in the clear and get that fresh start. If you are considering bankruptcy, there are a few things you should bear in mind before signing everything over to cover your debts.

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Whether you work for a nonprofit organization, hospital, faith-based organization, government agency, or university, you and thousands of other organizations likely have to compete for grants as a key component in fundraising and supporting your organization financially. Drafting a successful grant proposal takes time and effort, but with careful planning, the task need not be difficult.

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In today’s overcrowded marketplace, everyone from corporations to government organizations is vying for attention. How are nonprofit groups able to compete for attention and funding without the capital and resources available to big business?

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In this tough economy, we need to be especially careful with our money if we want to survive.

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If you’re running your own small business, you need to be careful with your budget, which is usually limited (if it’s not, then good for you!). Here are some simple steps you can take to lower your costs for common expenses like phone and Internet bills.

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License agreements imply ongoing payments. The example everyone talks about is Microsoft, which made its initial fortune by licensing makers of personal computers to install copies of Microsoft's Disk Operating System (DOS) on the computers they made...

A promissory note differs from an IOU in that an IOU simply acknowledges the existence of a debt owed, while a promissory note, as its name implies, contains an undertaking (promise) to pay the amount stated...

You have decided to take the plunge and start your own business. However, you need money and you don’t have any. Naturally, as with most people, you ask yourself "How much money do I have to invest?" That is the wrong approach. What you should be asking is "Where can I rent money, at reasonable rates of interest, that will allow me to expand, pay back the loan, and still make a profit?"...