Image
Image
Image
Image
Image
Image

Business Vault

Welcome to The Business Vault, a resource of informative and interesting features for the business community.

Entrepreneurship

OPERATIONAL EFFICIENCY IS A VALUABLE TOOL FOR ENTREPRENEURS

Provided By: , February 13, 2024
Businesses in any industry can take surprisingly simple steps to reduce waste and make customers and employees happier, all while improving profits. Imagine everything runs smoothly in your business. Your products and services are always top quality and on time. Your customers love you, and your employees are motivated and engaged.
...Learn More

FIRMS SHOULD CONSIDER IMPLEMENTING SHORTER WORKDAYS

Provided By: , September 7, 2023
In recent years, businesses have been searching for methods to increase productivity in the workplace. One method that has been gaining traction is the implementation of four-day work weeks but some experts are suggesting a more productive method would be changing schedules to shorter workdays.
...Learn More

THE MOST COMMON MARKETING MISTAKES IN SMALL BUSINESS

Provided By: , August 11, 2023
“Smart people learn from their mistakes. Wise people learn from others’ mistakes.” – Unknown. Mistakes tend to happen because of a lack of understanding. Sometimes it’s laziness, but often we just don’t know what we don’t know, or we forget. In this article, we’ll share six mistakes we see often in order to help you avoid their consequences.
...Learn More

BUILD A NETWORK TO GROW YOUR BUSINESS

Provided By: , March 22, 2023
The Business Development Bank of Canada (BDC) recently published an article outlining the importance of business networking. The message was simple — build a network to grow your business as the right contacts  will enable the business to grow.
...Learn More

SMALL BUSINESSES CAN BENEFIT FROM HAVING AN ONLINE PRESENCE

Provided By: , March 20, 2023
Whether it’s a website, social media accounts, or both, having a strong online presence allows small businesses to reach a wider audience, establish credibility, and streamline their operations.
...Learn More

HOW TO SUCCEED AS A SMALL BUSINESS WITHOUT A BRICK-AND-MORTAR PRESENCE

Provided By: , December 7, 2022
Times are changing, and businesses no longer needs a brick-and-mortar presence to be successful. Online businesses proved their importance during the pandemic. When brick-and-mortar stores closed due to public health measures, consumers depended on virtual retailers to meet their needs.
...Learn More

HERE’S A BIG LIST OF SMALL BUSINESS TAX DEDUCTIONS

Provided By: , November 28, 2022
Turbo Tax Canada has updated its “Big List of Small Business Tax Deductions.” This comprehensive guide will help ensure small businesses never leave any of their hard-earned money on the table.
...Learn More

HOW TO GET A BUSINESS LOAN IN CANADA

Provided By: , November 1, 2022
Getting a business loan can help you get a new company off the ground or propel an established business to new heights of growth and profitability. But before you can access funds to grow your company, you’ll need to convince a bank to lend you the money.
...Learn More

HOW TO BENEFIT FROM THE NEW ERA OF HYBRID WORK

Provided By: , October 26, 2022
There are pros and cons of remote and in-person work for a business: remote work provides greater flexibility for the employee and is cost-effective for the employer while in-person interaction with staff is important as well. Instead of choosing one or the other, businesses have opted to embrace the hybrid work model to reap the benefits of both work environments.
...Learn More

5 Steps to Strengthen Your Business During a Downward Economic Cycle

Provided By: , October 7, 2022
Canadian economists are predicting the country is headed for a mild recession, which can affect consumer buying power, the cost of borrowing and rates of employment. Learn what this environment might mean for you and how you can fortify your business in the face of a challenging economy.
...Learn More

The rewards and risks of a four-day work week

Provided By: OLIVIA LAWRENCE, September 9, 2022
The idea of a four-day work week would be considered a luxury for most employees. Working one less day a week would mean more time around loved ones, more time for leisure and less time thinking about work. All of these variables sound very appealing, but let’s break down the advantages and disadvantages of the shortened work week for a business. 
...Learn More

Education

THERE’S A REASON WHY EMPLOYEES DON’T USE ALL THEIR PTO

Provided By: , July 8, 2024
A recent poll indicates that employees dealing with burnout don’t necessarily use the PTO provided by their employers.
...Learn More

EXPERTS SHARE TIPS FOR BUSINESSES DEBATING ABOUT USING ARTIFICIAL INTELLIGENCE

Provided By: , April 18, 2024
Although Canada has become a global player in the development of artificial intelligence (AI), there are signs that Canadian businesses are lagging when it comes to using the technology.
...Learn More

REDEFINING “HEALTHY” WORKPLACES & WHY MENTAL HEALTH MATTERS

Provided By: , January 3, 2024
You like to think you look after your staff. You offer a comprehensive health and dental benefits plan and a pretty generous pension plan. But what are you doing about the mental health of your employees?
...Learn More

BUSINESS ETHICS: WHY THEY MATTER FOR SMALL BUSINESS

Provided By: , November 22, 2023
You’re a small business owner. You try to treat your staff, customers and partners professionally and respectfully. So, why do you need to have your ethical, professional and operational standards spelled out in a formal policy or policies? One word: protection. Having a code of conduct or set of business ethics helps protect your business’ reputation and protects you from legal liability.
...Learn More

CYBERSECURITY FOR SMALL BUSINESSES: IS IT WORTH THE COST?

Provided By: , November 6, 2023
Chances are, you’re reading this article on a device that has some sort of cybersecurity program installed or built in. While your Norton or McAfee software may do the trick for home computing, is that level of protection sufficient to protect your business network? According to many experts in the field, no it is not.
...Learn More

ARE AI PROGRAMS A LEGITIMATE OPTION FOR BUSINESS?

Provided By: , July 18, 2023
In the past few months, it seems like artificial intelligence (AI) has taken over the online world almost out of nowhere. After ChatGPT, the all-knowing chatbot, was released in November 2022 it wasn’t long before social medias such as TikTok and Snapchat, and online mega-corporations such as Google, were releasing their own tools that incorporate AI.
...Learn More

THE RETURN OF WORK PHONES: BUSINESSES LOOKING TO PROTECT THEIR DATA

Provided By: , July 12, 2023
Blackberry work phones have almost become a “back in my day,” story to tell the grandkids, but is 2023 the year they make a comeback? Apparently, it is, according to two major telecommunications companies in the United States that saw over a 50-per-cent increase in business-phone users last year.
...Learn More

AS THE PANDEMIC SLOWS DOWN, ARE SUPPLY CHAIN ISSUES IMPROVING?

Provided By: , May 31, 2023
Supply chain issues were a main concern during the pandemic and, like COVID-19, its impacts lingered on into the years following.
...Learn More

HOW TO PROTECT YOUR BUSINESS OR OVERCOME SUPPLY CHAIN ISSUES

Provided By: , May 5, 2023
As a business owner in Canada, it is important to be aware of the potential issues that can arise within your supply chain. With so many people having their products shipped directly to their home, stress on our international supply chain has increased drastically in the last decade.
...Learn More

WHY IS LINKEDIN IMPORTANT FOR BUSINESS?

Provided By: , April 19, 2023
As the most popular social media for business professionals and with over 900 million users worldwide, LinkedIn is a great tool to grow your business. The website provides businesses and individuals with a platform to connect with other professionals, build brand awareness, and drive engagement.
...Learn More

FIXED-RATE OR VARIABLE-RATE LOANS: WHICH IS BEST FOR YOUR BUSINESS?

Provided By: , February 22, 2023
Fixed rate or floating rate? What type of loan should you get for your company? Decision depends on rate trends, risk appetite, growth prospects and much more
...Learn More

ESG: WHAT IT IS, HOW IT WORKS & WHY IT’S IMPORTANT

Provided By: , February 14, 2023
ESG stands for Environmental, Social and Governance, and relates to issues surrounding these three topics. ESG is broader than just a company’s impact of on the environment and society – it is a framework that integrates the risks and opportunities in each of these areas into a company’s strategy to build long-term financial sustainability and value creation.
...Learn More

EVERYONE CAN PLAY A ROLE IN ENSURING THE WORKPLACE IS FREE FROM HARASSMENT

Provided By: , February 1, 2023
Harassment is unacceptable and we can all play a role in preventing it in the workplace by understanding what harassment is and how to report it.
...Learn More

IS THERE A RIGHT WAY TO DISMISS AN EMPLOYEE?

Provided By: , January 27, 2023
Dismissing an employee is rarely an easy decision, and it can be a stressful and emotional experience for all parties involved. But is there a right way to go about it?
...Learn More

HOW TO PREVENT EMPLOYEE BURNOUT

Provided By: , January 13, 2023
January is peak busy season for many businesses. The new year may bring reorganization, goal setting and shifting the focus to new projects. While these professional adjustments are happening, it is important to remember people’s personal lives undergo the same changes. Employee burnout occurs when the buildup of personal and professional stress becomes too much for one person to handle.
...Learn More

HOW TO ATTRACT AND RETAIN TOP TALENT

Provided By: , December 20, 2022
As any business owner knows, employees are the backbone of every professional operation. At times it can seem that talented employees are difficult to find, or once found, they move on to different employment quickly after.
...Learn More

SOCIAL MEDIA CAN BE AN IMPORTANT BUSINESS TOOL

Provided By: , November 23, 2022
With so much negativity often flowing through our feeds, it can be difficult to want to stay active on social media. Doctors and influencers agree, social media can be harmful when used in excess or in the wrong way. When used the right way, like to grow your business, it becomes a valuable resource for connection, communication and education.
...Learn More

HOW TO CREATE QUALITY WEBSITE CONTENT

Provided By: , October 28, 2022
Social media has become a crucial news and marketing tool for business in this digital age. Individuals are hired solely for the purpose of managing and producing content for businesses social media channels. For that reason, it’s vital that a business knows the steps in creating great content for its website.
...Learn More

LEMOINE SHARES ADVICE ON ATTRACTING & RETAINING A PRODUCTIVE WORKFORCE

Provided By: , October 25, 2022
The Regina & District Chamber of Commerce hosted its All-Nations Career & Job Fair on Oct. 20 with Eddie LeMoine serving as the event’s keynote speaker. LeMoine’s presentation – Understanding The Current & Post-Covid Realities (Attracting & Retaining A Productive Workforce – contained a wealth of information to help businesses move forward and grow.
...Learn More

HOW TO PROTECT YOUR BUSINESS FROM CYBERATTACKS

Provided By: , October 13, 2022
It’s not only large businesses and corporations that get victimized by ransomware, data breaches or other forms of online attacks. The Business Development Bank of Canada (BDC) recently published a survey which indicated in 2021 that 16 per cent of Canadian small businesses and 28 per cent of medium-sized businesses were the target of cyberattack.
...Learn More

The importance of conversational writing

Provided By: OLIVIA LAWRENCE, September 9, 2022
Writing in a conversational tone is necessary for a business to implement when addressing clients and staff because the reader connects and understands the message easier than formal writing.
...Learn More