Category: Blog
Optimize your SMB for a post-pandemic world
With some countries already removing Covid-19 restrictions entirely and talks of learning to live with the virus, small business owners are now wondering how they can optimize their business to succeed in an eventual post-pandemic world. It comes with no surprise; small businesses were affected by the pandemic and experienced an unprecedented pace of change.…
What cybersecurity means for SMBs
The Covid 19 pandemic has brought on several changes in the way SMBs do business. More and more, we’re seeing Canadian SMBs embracing digital tools and technologies to better serve their customers. In fact, a new study from PayPal Canada shows that 47% of Canadian small businesses started selling online in 2020. While digital transformation…
SMB strategies to manage inflation
With ongoing supply chain issues and the Omicron variant taking our country by storm, a lot of uncertainty remains for 2022. One major uncertainty is inflation. Much of the current inflation is due to significant imbalances between supply and demand for goods and services. In 2021, we saw a surge in consumer demand and a…
SMB hacks for improving cash flow
Managing cash flow. As an SMB owner, those three words may seem daunting at first, and we don’t blame you. Research shows 64% of Canadian small business owners are burdened with cash flow issues. If you can efficiently manage your cash flow, you will have much more available capital to play with. This comes with…
How to make your SMB sustainable
More and more, we’re seeing small business owners and entrepreneurs wanting to contribute to a sustainable economy. Small business owners and their employees are now in a position to make a difference and to seize this opportunity to build and grow an economy that’s sustainable. By doing so, they will cater to a larger audience,…
Content to enrich your SMB’s social media
Where do I Start? Social media is continually changing the way that we communicate and consume information. Today, quality content is the foundation and at the heart of any successful social media strategy. As a small-business owner, it can be challenging to dedicate time creating engaging and entertaining content. It’s also extremely competitive, 93% of…
4 things every business owner needs to run a thriving business
Author: Ty Kiisel Small business owners come from different backgrounds and, many times, different skill sets. Regardless of whether your background is in sales, marketing, or a technical background, there are some things I’ve observed every small business owner needs to learn to successfully run a thriving business. Over the course of my 35+ years…
2021: The year of the compassionate consumer
The stress and uncertainty of 2020 has many of us re-examining our values as individuals and as consumers. The coronavirus outbreak has not only put a financial strain on most, but it has lead consumers of all incomes to consider their purchases more carefully. Consumers have become more empathetic and aware of the power of…
Small Business Week: Our team’s favorites
To celebrate Small Business Week, we thought it would be fun to share and showcase some of our team members’ favorite small businesses. Check back as we will be adding to this list all week! *The businesses profiled here are not clients of Journey Capital, simply small businesses our team members love and support. Julie’s…
Choosing the right loan for your business
Are you checking the right boxes when choosing financing for your business? When business owners think of obtaining finance for their small business, they may think of going to the bank, friends, or family. But business owners may not be aware of other trusted lending options. There are many financing options today to fund your…
Utilizing business financing to expand your business
Business financing can be used in multiple ways to expand your business; such as launching new products, locations, improving operations and maximizing profit margins, or through external growth opportunities like acquiring new businesses. In a nutshell, Business expansion financing is used to facilitate long-term growth, revenue, and profit for the business. Different businesses, interpret “expansion”…
6 steps to help you think more strategically
Building a Business Strategy for 2019 Thinking strategically and building a business strategy is an important exercise for all businesses—large and small. Unfortunately, many small business owners aren’t sure where to start, how a more strategic approach will impact their business, or if it’s even worth the time away from the important work of meeting…
12 quick ideas to make the holidays work for your small business and your family
Separation between work and home lives is a myth for most small business owners. (You’re likely living proof of this constant battle.) Time is your most valuable possession and the holiday season makes the overwhelming demand of your time much more noticeable to you and to your family members. For many business owners, the holiday…
Small business budgeting for the new year
Even if your business is not what is typically identified as a “seasonal” business, your business likely ebbs and flows with seasonal fluctuations—at least that’s been my experience over the last 35 or so years. Fortunately, after a couple of years at the helm of your business, those fluctuations can be anticipated; making it possible…
All you need to know about short-term loans: A quick recap
When you’re beginning your research into financing for your business, there are a lot of items you need to consider. The most common question is ‘what type of loan should I get?’ There’s a myth out in the business world that it’s best to get the most amount of money for the longest payback period…