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26Episodes
Business

Official business podcast for Ontario Small Business Network (OSBN®). Business tips and tricks for Ontario small business owners.

Episodes

Budgeting is an important aspect of business planning whether the business is a start-up or operational. It is a process of making a plan of future income and expenses, capital expenditures and cash requirements over a period of time, generally within a 12-month period.

The most common budget consists of income and expenses where projected revenues and expenses are determined based on reliable information to achieve the desired profit. 

Budgeting is an effective monitoring tool in measuring the financial performance of the business by comparing the actual results of operations versus budget. 

by Fe Soncayaon, CPA, CGA | FSS Accountinglink Professional Corporation or FAPC | 647-526-4873 | info@fssaccountinglinkpc.ca | www.fssaccountinglinkpc.ca

 

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April 15, 2018

The Barriers For Success

Do you see that your looks, awkwardness, lack of skill, or lack of money as a barrier between you and your goal? You may say, “It’s my lack of confidence, lack connections, or this or that.  Face yourself and think again.

A podcast by Hanan Awaad, president of Corporita Consulting Inc. | www.corporita.ca | email: president@corporita.ca | Phone: +1-226-978-2726

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Financial Statements contain important information that will help business owners perform micro and macro management of their business. Analysis of the financial data shown in the financial reports is crucial in taking immediate action to solve problems that could have detrimental impact on the business.  

 There are 3 main Financial Statements namely:

  1. Income Statement – It shows the results of the operations for a given period.
  2. Balance Sheet – It shows the financial position of the business in a given date.
  3. Cash Flow – It shows the sources and uses of cash from operating, investing, and financing activities.

Listen to more ....

A podcast by Fe Soncayaon, CPA, CGA | FSS Accountinglink Professional Corporation or FAPC | 647-526-4873 | info@fssaccountinglinkpc.ca | www.fssaccountinglinkpc.ca.

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Motivational Speaker and trainer Zig Ziglar told us: "You will get what you want in life if you help other people to get what they want."

Dorothy Brown, marketing strategist from AKB Small Business Marketing, walks us through 7 Ways to Nurture Great Relationships.

Dorothy Brown | AKB2 Small Business Marketing |647.449.6760 | www.akbsmallbusinessmarketing.com | purplecowmarketing@rogers.com | 

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As entrepreneurs, we are constantly looking for new and different ways to collaborate and promote ourselves. For the most part, this is a good thing. A lot of the times, it’s about trial and error –throwing that pasta to the wall and seeing what sticks. However sometimes we tend to spread ourselves too thin by saying yes to almost anything and everything.

Opportunities come and go and when you've come across a potential one, it's important to go through these points before coming to a final decision.

By Karen Swyszcz, Consultant and Blog Coach at MakintheBacon. Follow her on Twitter, Pinterest and Instagram: makinthebacon1.

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Partnerships may at times be harmful to a small business, but if approached wisely it can turn into a key contributor to the success of a business.  

 

 

Which type of partnerships will benefit a small business:


 

  1. Choose partners that complement your offerings
  2. Choose partners that are skilled in turning a situation into a win/win
  3. Choose partners that are go getters and that can make things happen 
  4. Choose partners that seek their interests, but that care for your own interests as well 
  5. Choose partners that are transparent and that can easily communicate how they feel

By Grace Nasralla, owner of e-presence Consultants Inc and founder of OSBN

 

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June 21, 2016

Negotiating - Part 2

Negotiating - Part 1, gives an overview of the interest-based negotiation model by Fisher, Ury & Patton.  It starts with preparation, including knowing alternatives so that one is not too soft or too hard, knowing how to separate people from the problem, staying firm on interests but flexible on positions, and engaging in brainstorming options for mutual gain.

  
Negotiating - Part 2 explains the one other principle:  Use objective criteria.  That is when negotiators differ on their idea of fairness, or truth, rather than have a subjective argument they rely on more objective sources.

Daryl welcomes your thoughts and feedback.

By Daryl Landau of Common Ground, helping businesses to manage conflict. 
Contact info:  @DarylLandau | 416.763.6205 | daryl@common-ground.ca
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Everyday brings with it new tasks, situations and a to do list that is overwhelming. Thinking of the day and the things that need to get done can be stressful and frustration may take over. One proven solution to stay in control is to apply prioritizing techniques. 

Prioritizing what should get done in a day is a skill that anyone can acquire with a little bit of organization and discipline. However, learning to stay focused and on goal requires determination and persistence.... 

By Grace Nasralla, owner of e-presence Consultants Inc and founder of OSBN
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A 2015 study by “Smart Insight” indicated that 80% of internet users use smartphones. One important 2016 business trend is the increase in use for mobile apps in business.  Is your business ready to reach out to mobile users? Do you, as a business owner, realize the importance of reaching out to mobile app audience?

3 Ways To Reach Mobile Users

  1. Get a customized mobile app
  2. Business directory apps
  3. Content

The later two ways are more cost effective and doable for small businesses to reach mobile users.  There are plenty of apps that provide local directory listings.  Find the app that is wide spread in your area and subscribe to get your business listed there.

(For a Greater Toronto business listing I would recommend to download and subscribe to OSBN mobile app “Business Directory”: iphone: http://apple.co/1LC8X6Z  Android:  http://bit.ly/1OHOy7t)

By Grace Nasralla, owner of e-presence Consultants Inc and founder of OSBN

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It is very difficult to stand alone and watch a growth curve rise in a small business.  Small businesses thrive and flourish when they reach out to others. Whether it be through building a network of connections or a circle of strategic partners; there has to be collaboration of some kind to watch a business grow and observe the growth curve move to the top.

3 paybacks for choosing the right strategic partners

  1. Learning
  2. Sharing
  3. Growth

Worthwhile strategic partners are rare to find. They may occasionally cross the path of a small business, but its up to the business owner to grab the opportunity or waste the chance to walk along side a partnership that will bring business growth.

By Grace Nasralla, owner of e-presence Consultants Inc and founder of OSBN

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