“The secret of getting ahead is getting started.”
From starting your business to valuing it for an eventual exit, Modern Money has the resources for you. In this category, you will find in-depth interviews with business owners that discuss the highs and lows of entrepreneurship, tips on starting your business and advice regarding what it takes to succeed.
The lifetime capital gains exemption (LCGE) is one of the most effective ways to reduce how much tax you might owe when you sell a business, farm, or fishery in Canada. Learn how to keep more money from a sale with the LCGE...
There are many examples of successful entrepreneurs who didn’t have that great idea on their own and ended up building expansive businesses nonetheless. One highly publicized example involves the founder of what is now known as Meta, and a pair of Harvard rowers (for reference, see: The Social Network). In all seriousness, I’m not suggesting you steal your friends’ startup idea and call it your own, but rather that there is a lot more to being an entrepreneur than having an incredible one-off idea, and that the lack of a new, innovative idea doesn’t discount you from the possibility of becoming a successful entrepreneur.
So you have an idea for a business, that’s great but what comes next? I won’t waste your time writing another article about how to write a business plan, as there are plenty of resources available online to assist you with that. Most of them illustrate what’s the best thing to do in theory, so instead of re-communicating that, I thought it would be more important to talk about how things work in reality...
Entering into the life insurance industry as a young, female business owner hasn’t come without its challenges, but nonetheless it is very fulfilling. It’s easy to think being young, and being a woman is looked at as being a disadvantage, but contrary to popular belief, it’s being ‘niche’ that can make you successful...
Learn about how to leverage your first customers to improve your business and become more successful...
Business valuation is a process of determining the economic value of a whole business or company unit. Here are some key strategies and considerations when valuing your business with tips to ensure maximum value...
What happens to a business if the owner is not able to manage that business as a result of an injury, sickness or death? Planning for these unforeseen events can help ensure the survival of the business and the financial well-being of the business owner’s family. This planning may include...
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