West Nipissing Chamber of Commerce E-Newsletter

How to manage your cash flow to boost your business

 

Master your cash flow with proven strategies

 

Cash is the lifeblood of any business. Managing it well is one of your most important jobs as an entrepreneur.

 

Yet, many business owners aren't doing the basic financial housekeeping that could give them greater control over their company and more peace of mind, according to a BDC survey in 2014.

 

For example, almost half of surveyed entrepreneurs say they don't make cash flow projections for their business and compare them to actual results during the year.

 

Cash is King

 

At the same time, small business owners consistently say financial management is one of their biggest worries.

 

Even a profitable, fast-growing company can face a serious cash flow crunch while waiting for money to come in. In fact, it's surprisingly common for profitable companies to go out of business because they ran out of cash.

 

Free eBook on cash flow management

 

The good news is there is a lot you can do to gain better control of your finances and more peace of mind.

 

That's the lesson of the free new eBook "Master your cash flow: A guide for entrepreneurs" from the Business Development Bank of Canada (BDC).

 

The eBook will help you discover proven ways to better manage your cash flow and gain more peace of mind knowing you can take on any challenge or opportunity. You'll also learn how to build a healthy, durable business with smart cash flow management principles.

 

The eBook includes real-life success stories of Canadian entrepreneurs.

 

You will also learn:

- The 7 principles of cash flow management

- How to control expenses and get paid faster

- Simple ways to create financial projections

- 7 ways to ease a cash crunch right now

- 4 financing tips to boost your cash flow

- How to avoid common profitability pitfalls

 

Spend less time worrying about your finances - and more growing your business. Download your free copy of "Master Your Cash Flow".

 

This guest blog post is provided by the Business Development Bank of Canada (BDC). BDC is the only Canadian bank dedicated exclusively to entrepreneurs, providing business loans, venture capital, and consulting services that are tailored to meet the needs of Canadian entrepreneurs.

 

Source: Canada Business Network

Upcoming Meetings and Events
The West Nipissing Chamber of Commerce is hosting our first Networking Event of 2014 on Thursday April 24th at Caisse Populaire Sturgeon Falls from 5:00 pm to 7:00 pm.

Join us for the unveiling of our new Corporate Brand and Website. The event is a great opportunity to meet fellow business owners and make meaningful network connections, as well as learn about what the Chamber has planned over the next 3 years for our business community.

To RSVP to the event, please call 705-753-5672 or email [email protected]

For more information please:

 
 
The West Nipissing Chamber of Commerce was happy to attend Adventures in Agriculture on March 26th at the Sturgeon Falls Recreation Complex, hosted by the Labour Market Group.
 
Here is Mike Bozzer, our Project Manager, alongside one of the many interesting and informative booths on display! 
 
The Chamber made many new contacts and gained valuable insight on the agriculture industry in the area!

 

Entrepreneurship Workshops, Seminars and Events

 The West Nipissing Chamber of Commerce and the Business Centre Nipissing Parry Sound have created a partnership and are working collaboratively to help build and strengthen West Nipissing's entrepreneurial capacity by delivering a minimum of 12 entrepreneurship seminars, workshops and networking activities on specific topics of interest identified by our local business community and entrepreneurs within the next 3 years.  


The WNCoC is currently in the process of planning its first 4 workshops/ seminar events for the next year. Please complete the survey below to provide your input on what topics of interest you could benefit from and that you would find valuable. Each event will be a topic specific, hands-on workshop. At the end of each workshop, participants will take away a finished product. For example, if a workshop is focused on succession planning, participants will leave with a succession plan at the end of the workshop. 

Experts in each topic examined will be on hand to facilitate and oversee the implementation of each presented model. In addition to creating networking opportunities, the goal is to also foster an engaged and educated business community. Thank you for your time and participation in the following survey. 

 

le programme Service d'emplois d'�t� / 
Summer Jobs Service Initiative

Cet �t�, songez � embaucher un �tudiant(e) sous le programme Service d'emplois d'�t�.  

 

Le programme peut vous aider � embaucher des jeunes gens en vous offrant une incitation � l'embauche de 2$ l'heure.  Vous pouvez recevoir une incitation jusqu'� concurrence de 560 heures par poste.  Les placements subventionn�s ne doivent pas d�buter avant  le 1 avril 2014 et prendre fin le 30 septembre 2014 au plus tard.   Il n'y a pas de limite minimale quant au nombre de semaines.  Veuillez noter que les �tudiants doivent avoir entre 15 et 30 ans au moment de commencer l'emploi.

 

Vous trouverez le formulaire de demande dans le site Web � http://ontario.ca/emploisdetedunord

 

Veuillez soumettre votre demande avant le 30 avril 2014.

 

This summer consider hiring a student and participate in the Summer Jobs Service initiative. 

 

This initiative will provide a $2.00 per hour wage subsidy up to a maximum of 560 hours per position.  Subsidized placements must not begin before April 1, 2014 and must not extend past September 30, 2014.  There is no minimum number of weeks.  Students must be between the ages of 15 and 30 upon commencement of employment.  

 

Application forms can be found on the Ministry of Northern Development & Mines website: http://ontario.ca/northernsummerjobs

 

Please submit your application before April 30, 2014.

Take Advantage of Free Advertising

Are you a West Nipissing Chamber Member?

 

If so, you can take advantage of FREE advertising on our e-newsletter. See your ad here!

 

Simply click on the link below and provide the name of your business and contact information.

 

West Nipissing Chamber of Commerce
200 Main Street, Unit B
Sturgeon Falls, ON
P2B 1P2
Tel: 705-753-5672 Fax: 705-580-5672
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