The 5 most common pricing strategies | BDC.ca
WEBCost-plus pricing. Calculate your costs and add a mark-up. Competitive pricing. Set a price based on what the competition charges. Price skimming. Set a high price and lower it as the market evolves. Penetration pricing. Set a low price to enter a competitive market and raise it later. Value-based pricing.
Canada Digital Adoption Program (CDAP) | BDC.ca
WEBFeb 19, 2024 · The Canada Digital Adoption Program (CDAP), by Innovation Science and Economic Development Canada (ISED), helps small and medium-sized enterprises (SMEs) adopt digital technologies. Businesses with a signed grant agreement to CDAP’s Boost Your Business Technology stream prior to February 19, 2024 may be eligible to receive …
Financial ratios–What they are and how to use them | BDC.ca
WEBShare. Financial ratios offer entrepreneurs a way to evaluate their company’s performance and compare it other similar businesses in their industry. Ratios measure the relationship between two or more components of financial statements. They are used most effectively when results over several periods are compared.
Business continuity plan (BCP) in 8 steps, with templates - BDC
WEBStep 1: Establish an emergency preparedness team. Assign a team the responsibility for emergency preparedness. Select a few managers or an existing committee to take charge of the project. It’s advisable to assign one person to lead the planning process.
A simple guide to tax deductible business expenses - BDC
WEBSupplies. You can deduct the cost of items that your business used indirectly to provide goods or services. For example, drugs and medication used in a veterinary operation, or cleaning supplies used by a plumber. Business tax, fees, licences and dues. Tax, fees, licences and dues are deductible, but you can’t deduct club membership dues ...
Business valuation: What's your company worth? | BDC.ca
WEBDetermining a company’s value is a complex process—part science, part art. Complicating matters is the fact that many entrepreneurs have an overly optimistic view of how much their business is worth. Here are five things you need to know when determining the value of your company. 1. Differing expectations can cause conflict.
How to choose the right structure for your business - BDC
WEBHere’s a summary of the pros and cons of the three business structures. Sole proprietorship. Partnership. Corporation. Legal status. Does not exist as a separate legal entity. Proprietorship = ownership. Does not exist as a separate legal entity. Partnership = partners as owners.
Vendor financing (VTB) for mergers and acquisitions | BDC.ca
WEBVendor financing is often part of an acquisition financing package that also includes the buyer’s own investment, a bank loan and mezzanine financing. Vendor financing typically amounts to 10% to 15% of the transaction amount. Vendor financing offers unique benefits that make it worth considering as part of an acquisition, says BDC Director ...
What is a letter of credit? | BDC.ca
WEBA tool for minimizing risk in international trade. A letter of credit is essentially a financial contract between a bank, a bank's customer and a beneficiary. Generally issued by an importer’s bank, the letter of credit guarantees the beneficiary will be paid once the conditions of the letter of credit have been met.
Where to find industry benchmarks for financial ratios - BDC
WEBDun & Bradstreet’s Key Business Ratios provides online access to benchmarking data. It provides 14 key business ratios, including solvency ratios, efficiency ratios and profitability ratios for over 800 types of businesses arranged by industry categories. Wolters Kluwer publishes the Almanac of Business and Industrial Financial Ratios.