In a business’ early developmental stages, the time will come to hire the first round of employees. There are a lot of elements to consider during the hiring process. In Canada, it is important to know the labour laws of your province since they vary from place to place. You should be aware of the […]
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 […]
From narrowing down to growing
When your business is just starting out, it can be tempting to appeal to as wide of an audience as possible. After all, reaching more people means gaining a larger pool of potential customers, right? However, this also means it’s easier for your business to get lost in an oversaturated market. Instead, it may be […]
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. […]