Posts Tagged“money”

What To Do When Your Business Owes Too Much

Starting your own business is a dream come true for thousands of entrepreneurs, whether you’re turning your passion project into your profession, opening a restaurant, or taking your skills and starting your own firm. But it’s a risk – that’s what being an entrepreneur means. Many businesses wind up shutting down when their owners get in over their heads in debt, with their assets sold off and creditors in line to claim the proceeds. The key to surviving in business is knowing where you stand and predicting trouble before you’re in it. The sooner you know you can’t handle your…

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Canada may have earned its spot on the top 10 list of happiest countries in the world, but it’s certainly not the most financially literate. According to the 2009 Canadian Financial Capability Survey (CFCS), the average Canadian is earning a C in terms of household finances. Unless you’ve devoted your life to the financial world by studying economics or subscribing to the Financial Post, you too are probably clueless when it comes to money. But don’t worry —if you’re tired of scratching your head over your bank balance and investments, your poor grades are an easy fix thanks to the…

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Have you looked at your financial books lately? For any small business owner looking to not only stay in business but grow that business, finances mean a ton. Unlike many larger companies able to withstand some rough financial patches, smaller companies tend to have much less room to struggle. If the latter companies get into a period of slow business that can sometimes spell doom when all is said and done. So, where does your small business turn when cash is of greater importance? Checking Your Financial Options In the event your current cash flow is slower than anticipated, you…

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We’re forever hearing stories about the exchange rate and it would be fair to say that most of us simply view it as something which might affect our spending power when we head out of the country. Suffice to say, in the wider context, there is far more to it than this. Like most things, it’s best to explain the topic through examples. We’ll now take a look at some of the best examples of how currencies affect the international economy – both for good and for bad. The Chinese Yuan This is one of the more interesting examples we’ll…