In our last blog, we revisited the topic of business loan rejections and listed a few of the reasons so many business owners have endured them. Among the reasons banks reject loan applications are applicants not having enough collateral, having…
Every company needs to have a good cash flow. It’s often referred to as the “lifeblood” of a business. “Cash flow” refers to the amount of money that comes into and out of your business. Are you earning more than…
For most business owners, 2020 is a year they’d rather forget. The coronavirus pandemic made it impossible to conduct business in a normal way. With so many stores having to close their doors for various periods of time, retail sales…
Long before the coronavirus pandemic was making it hard to run a small business in Canada, owners of such companies often sought ways to grow their brands. In many cases, their plans required some extra working capital. So off to…
The term “cash flow” refers to how money moves in and out of your business on a monthly basis. Naturally, when the money coming into your business is greater than the money flowing out of it, your company is in…
As a business owner, you’re regularly on the hunt for new and innovative ways to grow your business, aren’t you? And, as the old saying goes, “it takes money to make money”. This is why so many entrepreneurs head into…
On the Synergy Merchants Blog, we often highlight the various difficulties endured by Canadian business owners who attempt to secure business loans from their banks. Of note is the fact that bad credit histories, a lack of collateral and insufficient…
If winter is generally considered a slow season for your business, there is some good news. In one month’s time, the spring season will officially get underway! Now, as a Canadian business owner, that may not mean much to you.…
It takes money to make money. Everyone knows that. And the most successful of business owners are the ones who are adept at taking the money they have and turning it into greater profits. Naturally, business success entails making more…
On the Synergy Merchants Blog, we often discuss the myriad of different ways Canadian business owners can invest in their businesses. Over the past three blogs, for example, we have covered advertising, buying new equipment and expansion respectively. Naturally, investing…