Posts by websupport

Optimism only brings you so far-the rest is in good planning, predictable cash flow, and partnerships that align with your goals. As a fellow entrepreneur, I’ve taken the leap into risky venture-land more than once. In a previous blog, I hinted at our own risk story: it involved a high-stakes situation, much like a Tom…

Want to gamble? How about this: your paycheque against whether your business will still be here in 10 years? (Hint, you’ve got 35% odds of surviving!) If so, you’re in the right place, and you’re far from alone. Your odds (1 in 3 at this point) will increase *substantially* if you do these two things…

We’ve covered a lot in these past few blogs, so now it’s time for something LinkedIn seems to love… a takeaway list! When your business needs an organizational overhaul, it may feel like your life really needs one. One natural decision you might face is splitting your assets (equipment, buildings) into a separate company from…

Now that we’ve explored the advantages of using a holding company for leasing heavy equipment, a crucial question arises: When is the right time to launch a holding company for your business? Incorporating as Multiple Entities Starting your business on the right foot means playing to your strengths, especially when the team is small. But,…

Welcome back! In an adjacent blog post, we explored the concept of a holding company and its potential role within your business structure and leasing strategies. Check out part one here! Now, let’s delve deeper and discover the advantages a holding company offers when leasing heavy equipment through our trusted network. Remember—from strategizing how the…

To hold or not to hold—that is the question. The bigger question, of course, is how you will structure your company as you grow. Weighing the options (and oh, are there many) can be complex. One rabbit hole you may be looking into is forming a holding company. Our blog today will focus on defining…

Has your business ever experienced unpredictable cash flow? You’d know the signs—a lack of sleep, missed payments, and worse still, a loss of certainty in your future planning. Do periods of feast turn to famine, leaving you scrambling with overhead expenses? Does the thought of a one-time purchase leave your bank account sweating? You’re not…

Ah, tax season… the annual event that strikes fear into the hearts of entrepreneurs everywhere and has accountants on a two-month Red Bull and snack bar diet. In the 80s (my teen and young adult years), the villain of one of my favourite movies (The Princess Bride) was Prince Humperdinck (aided by the treacherous and…

As we left off in the previous blog, a princess was stuck fighting a dragon. Or, rather, a small-business owner was fighting the CRA for a second chance at claiming deductions that her former accountant dropped the ball on. It’s more common a situation than you’d think, with more and more provinces facing CPA shortages…

Our previous blog examined the interplay between adopting new technology and opening cybersecurity risks. The question becomes—how do you build a defensive moat against the digital flood of ne’er do wells? After all, you can’t let all tech slip you by, even if adopting a new program means opening new avenues of risk. Since Prime…