Blog

Insight, Inspiration and Support for Entrepreneurs & Mentors

  • Build the buzz around GEW Canada!

    Were you amazed, moved and inspired by the power of entrepreneurship during Global Entrepreneurship Week Canada 2011? You can keep that momentum going!As a country host of Global Entrepreneurship Week 2011, the Canadian Youth Business Foundation (CYBF) is vying for the Buzz Builder Award which will be presented at the Global Entrepreneurship Congress in Liverpool, England […]

  • ‘Must do’s for effective corporate communication

    Terry Thompson, Surrey, BC, CYBF Mentor, tesh@shaw.caManaging Corporate Culture article seriesIn my last article, Creating a compelling vision and related values, I described the key aspects of drafting vision and missions statements and corporate values. How you communicate these items effectively to your managers and the rest of your employees becomes as important as the […]

  • Managing numbers well can become second nature

    Heather Hinam founded Second Nature Adventures in Discovery in 2011 as a way to share her knowledge and passion for the environment with others. Based in Riverton, Manitoba, Second Nature provides nature tours, workshops and materials to help people connect with the Manitoba wilderness. Good financial planning and a willingness to learn have helped her […]

  • What story is your cash flow statement telling?

    Christiana Mbazigwe, Duric Business Solutions, Toronto, ON, CYBF MentorThere is a philosophy that says, in business, ‘the customer is the king’. Your business is created to serve your customers’ needs and wants. As such, no customers means no money (cash) and no business. The cash can be in form of immediate cash-at-hand or accounts receivable, […]

  • Preparing for tax season in four easy steps

    Cathy Yeomans, Imagine Public Relations, White Rock, BC, imaginepr@shaw.caIf you pay someone else to do your taxes, keep some money in your pocket by preparing ahead of time. Here are some tips to keep you on track: Instead of organizing your financials by category, do it by month. Then your bills, expenses and monthly financials […]

  • If you can’t measure it, you can’t manage it

    Christiana Mbazigwe, Duric Business Solutions, Toronto, ON, CYBF MentorAs a business owner or entrepreneur, measurement of business performance is critical for effective and efficient management. You must determine the key performance indicators (KPIs) that will help you set standards as well as monitor and evaluate your business outcomes. This ultimately helps you attain your goals.For […]

  • Financial spreadsheets 101

    Simon Selkrig, Strategize Financial Modelling, simon@strategizefm.com, Montreal, QCThe creation of a financial spreadsheet or model may seem a daunting task for most. It is important to write a game plan or have an idea about the information output requirements for users. That way you will better understand your information needs.A base financial spreadsheet or model […]

  • Three reasons to make a good budget

    Rose-Marie Almond, Cobourg, Ontario, CYBF Young Entrepreneur & Mentor1.    Determine what financing you needMaking a budget will help you assess the best financing options for your project.2.    Get a reality checkOften the budget and the ideal situation don’t match up. It is important to keep your mind on the desired outcome instead setting a fixed […]

  • The Week that was – February 6-10

    The 2nd week of February is under our belts! We can’t believe it either, where are the days going? Busy busy days here at CYBF. Find out what we’ve been up to. Here’s what happened in our week: Our CEO, Vivian Prokop, interviewed with Gwen Elliot for a new television series, Start Something Big. Sneak […]

  • Don’t tax your accountant

    Ellis Orlan, BA, CPA, SF Partnership LLP, Toronto, ON, CYBF Mentor, eorlan@sfgroup.caIt’s tax time again and it really doesn’t take much time to get things together and make your accountant’s life easier and reduce your bill in the process. Here are some easy tips to help you get organized.Sorting your tax T-slips and receipts will […]

  • 10 ways to improve your financial spreadsheets

    Simon Selkrig, Strategize Financial Modelling, Montreal, QC, simon@strategizefm.com 1)    Simplify them. Reduce the complexity of the Excel workbook.2)    Don’t over engineer your spreadsheet or the formulae; avoid the use of complex formula or macros where possible.3)    Error checks. Cross check and cross reference your calculations to ensure they are correct.4)    Logical flow. Ensure there is […]

  • How to get ready for income tax time

    Martin Noury is a partner at the Doucet Noury SENC accounting firm. After working for a number of years at a manufacturing company, the young accountant decided to launch his own accounting business in 2010. Located in Joliette, Quebec, his office offers services in accounting, management accounting, taxation and management consulting to SMEs and self-employed […]

  • Creating a compelling vision and related values

    Terry Thompson, Surrey, BC, CYBF Mentor, tesh@shaw.caManaging Corporate Culture article seriesIn an earlier article (Managing Corporate Culture – The one absolute truth) I mentioned that one of the initial priorities that I started with, as a CEO working improve corporate culture within our organization, was to articulate a compelling corporate vision and the related values.In […]

  • Finances of an entrepreneur

    Charles-A Pelletier, Enqeb (Entrepreneuriat québécois en bref), Montréal, Québec, www.enqeb.com(1st of 3 articles in the Finances of an entrepreneur series)It should come as no surprise that we all have to manage our personal finances. But what good finance-related habits should adopt an entrepreneur when she or he is starting a business? There many factors for […]

  • Facts and myths about social enterprises

    Rose-Marie Almond, Cobourg, Ontario, CYBF Young Entrepreneur & Mentor‘Social enterprise’ is a term that’s being used more and more. But what does it really mean? Here I’ll try and sort some of the facts from the myths.There is a social purpose at the heart of every social enterprise.Fact. If the social initiatives are not part […]