Small Business

Cafés and communities: Why coffee lovers should support local coffee shops

Almost everyone can enjoy a great cup of coffee, and it’s no surprise that the coffee market is heavily saturated and continues to grow. There are approximately 7,000 coffee and snack shops currently in Canada. In 2022, the Canadian coffee market was worth $5.3 billion, and the number of coffee shops grew 1.2 per cent. […]

Business strategies for arts and crafts

Arts and crafts have become big business. One example is Etsy, which has increased in revenue and usage every year since 2010. In 2020, Etsy sellers sold US $10.3 billion to the platform’s 89 million active buyers.  Many people want to monetize their creative hobbies, and some entrepreneurs have been successful doing so. According to […]

Speaking out

Within a diverse workforce, various creative ideas can be shared. These ideas can boost profits, organization, efficiency and more within a business. On the other hand, having a diverse workforce also means supporting everyone’s unique challenges.  Employees can struggle when they feel open communication with leadership is inaccessible. Whether it’s communicating an incredible idea or […]

Pursuing a small business in a tough economy

It’s no secret that small businesses affect the economy. In fact, the Business Development Bank of Canada (BDC) released statistics on it.  According to the BDC, small- and medium-sized businesses alone contribute 54 per cent of Canada’s gross domestic product. They also account for 98 per cent of the country’s businesses, employing more than 8.4 […]

Celebrating differences

Diversity has become an even more relevant topic when discussing the development of a work team. Many young business owners are busy playing catch-up because amplifying diverse voices wasn’t prioritized until recently.  Diversity represents differences in race, religion and gender identity. Differences in those pillars of identity promote diversity. However, Sciencedirect stated that diversity also […]

Embracing the hybrid model for small businesses

In the past year, Canadian employees have proved that their work performance remains unhindered when switching from the conference table to the comforts of home. Some say their productivity performance has improved while working remotely or within a hybrid model.  In 2021, Statistics Canada reported that 90 per cent of white-collar employee participants’ productivity remained […]

20 business terms to learn 

Communication is key to running a successful business. But communicating can become tricky when it involves confusing terminology used by business-savvy colleagues.  To avoid confusion, it’s important to develop a general understanding of business jargon. This glossary will help business professionals looking to brush up on their vocabulary or those interested in having well-informed discussions. […]