Getting an investor to move from “not now” to “yes”

Investing is a process and not a speed dating event. If you develop relationships with investors, you’ve got a much better shot of closing the deal

Getting an investor to move from “not now” to “yes”Getting a “no” from any prospective investor can be hard to take. At first glance, it’s insulting. You’ve poured heart and soul into an idea and after 10 minutes of pitching, the investor doesn’t want to hear more. For the entrepreneur who wears the success or failure of his company as a reflection of their…

Capital gains tax hike would cripple investment

Increasing the federal tax would be anti-investment, anti-entrepreneurship, anti-innovation and anti-green

Capital gains tax hike would cripple investmentBy Niels Veldhuis and Jake Fuss The Fraser Institute At a time when the country faces momentous economic challenges, it’s hard to think of a more damaging policy than a capital gains tax hike. Yet rumours persist that prior to the COVID-19 crisis and economic downturn, that’s exactly what the federal government planned to do.…

Talk to your venture capitalist before you crash and burn

Open communication with your VC can help you, your company and your longer-term prospect of later support

Talk to your venture capitalist before you crash and burnEverything is positive when a new venture begins. There is a rush of excitement, people are fully committed, hours are long and creativity is cranked to its peak. The traction, media attention or buzz will soon bring you to the notice of venture capitalists. Cash comes in and everyone is pumped up. The founders are…

What does the future hold for Canada’s airline industry?

Huge financial losses, massive layoffs and stringent safety protocols for the few remaining passengers sets a dark tone

What does the future hold for Canada’s airline industry?Many Canadians look forward to travelling when the COVID-19 pandemic comes to an end (whenever that may be). Unfortunately, flying the friendly skies is quickly becoming far less friendly. Air Canada temporarily suspended all flights to the U.S. on April 26. Passengers are required to wear masks for the entirety of any trip, and flight…

Rise of shadow banking a victory for consumers

Hedge and private-equity funds, mortgage lenders, and money-market funds provide accessible sources of credit

Rise of shadow banking a victory for consumersBy Paz Gómez Research associate Frontier Centre for Public Policy Shadow banking is growing by leaps and bounds in Canada. It’s a C$1.5-trillion industry that expanded by 30 per cent between 2015 and 2017, according to a recent Bank of Canada report. The banking establishment fears a challenge to its power, but consumers benefit from greater…

Zombie firms a danger in post-COVID-19 economy

Government actions to reduce financial pressure on firms create dangerous conditions over the longer term

Zombie firms a danger in post-COVID-19 economyWe spend double the amount of time on our streaming platforms compared to last year, close to 45.4 billion minutes on Netflix alone in the first few weeks of March 2020. Movie titles such as 28 Weeks Later, Quarantine,  Carriers and I Am Legend have provided an escape from our quarantined hideouts. Unfortunately, such movies about a…

Discovery Lab helps science geeks break out of university labs

Discovery Lab assists spin-outs, start-ups, and companies find the support and expertise needed to launch, grow or rethink their plans

Discovery Lab helps science geeks break out of university labsThe day was like a Dragon’s Den for clinical scientists. Most of the nine presenters to a recent Discovery Lab advisory panel devoted decades to their investigations for the betterment of society. The forum for academics, start-ups, and entrepreneurs was co-founded by Michael Overduin and Cameron Smithers from the University of Alberta where 150 companies present…

The future of small business financing

The growth of small businesses is fundamental to prosperity but we can’t provide the sector the financing it needs by maintaining the status quo

The future of small business financingThe notions of commerce, currency, and credit are nothing new. For centuries, we've found ways to barter, borrow, and repay one another through the exchange of goods, services, or credit. Exchange aside, every form of currency has an assigned value agreed upon by the individuals or organizations participating in the transaction. Need a house or…

7 Cost Cutting Ideas for Your Small Business to Reduce Expenses

7 Cost Cutting Ideas for Your Small Business to Reduce ExpensesWith half of small businesses failing within their first year of operation, one of the main reasons is because most entrepreneurs are focusing on increasing sales, rather than lowering expenses. As a small business, it’s likely that you won’t have the budget that the big giants have, meaning every penny counts. To help keep you…

The legal matters many entrepreneurs avoid

Cutting corners on insurance and legal agreements is a risk that could undermine all your potential success

The legal matters many entrepreneurs avoidStarting, running and growing a small business involves a lot of “bootstrapping”: digging into your own resources, financial and otherwise, to get things done. But there are legal matters many entrepreneurs either make poor decisions about or avoid altogether. Insurance “If I had one thing that surprises me, it is the avoidance of insurance,” says…
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