The 5 most common pricing strategies | BDC.ca
Learn how to choose the best pricing strategy for your product or service based on factors such as costs, competition, scarcity, demand and customer value. Compare and contrast five common pricing strategies: cost-plus, competitive, price skimming, penetration and value-based.
What is ESG and what does it mean for your business? - BDC
ESG stands for environmental, social and governance, a set of practices and metrics used to evaluate a company beyond its financial performance. Learn how ESG can help you manage risks, access funding, attract talent and prepare for a greener future.
Business valuation: What's your company worth? | BDC.ca
Learn how to determine the value of your business for various purposes, such as selling, succession or tax planning. Find out the different methods, factors and challenges of valuation, and how to hire a professional valuator.
How to write an effective business plan | BDC.ca
Learn how to prepare a professional business plan that will guide your business and increase your chances of getting financing. Download a free template and get tips on covering the four main areas of a business plan: company profile, sales and marketing, operations and financials.
Business continuity plan (BCP) in 8 steps, with templates - BDC
Learn how to create a business continuity plan (BCP) to prepare for and respond to unforeseen events that disrupt your operations. Follow the 8 steps and use the templates from BDC's complete BCP guide.
What is a letter of credit? | BDC.ca
A back-to-back letter of credit is a type of letter of credit used when a seller has to purchase a component or subcontract part of the manufacturing of a product to a third party. Learn how it works, who is involved and what are the benefits and risks of using it.
Payroll Deductions—The Basics for an Employer | BDC.ca
Learn how to calculate and remit payroll deductions for your employees, such as Canada Pension Plan, Employment Insurance and income tax. Find out the rates, tables, deadlines and penalties for different provinces and territories.
13 commercial leasing terms you need to know | BDC.ca
Small business loan Get up to $100K for small projects; Working capital loan Protect business cash flow; Equipment loan Upgrade machinery or equipment; Commercial real estate loan Buy or renovate facilities; Technology equipment loan Buy new hardware or software; Loan for tech companies Find financing adapted to your revenue model; Business purchase or transfer loan Pave the way for a smooth ...
How to choose the right structure for your business - BDC
As you can see, each legal structure has distinct characteristics. But what does this specifically mean for each one? 1. Sole proprietorship. A sole proprietorship is informal and easily created, which is why it is the most common structure chosen by new businesses.. In this structure, the business and the operator are one and the same in the eyes of legal and tax authorities.
4 types of financial ratios to assess your business performance
Learn how to use liquidity, activity, profitability and leverage ratios to measure your company's financial health and make informed decisions. Find formulas, examples and tips for each ratio category.