![[WEBINAR] May 16: Diversifying into New Sectors and Markets](https://www.mentorworks.ca/wp-content/uploads/2021/01/bigstock-Global-Partners-Graphic-Use-Fo-76425008.jpg)
Canadian businesses are fortunate when it comes to exporting and trade diversification, since the federal and provincial governments support a wide range of strategic projects focused on building export capacity and reaching/expanding international markets. Over the next five years, the Government of Canada has committed $1.1 billion to help Canadian companies access new international markets….
Businesses rarely remain competitive with the same product offering they’ve always offered. In these rare cases, companies operate in a unique niche that presents high barriers to entry (capital, expertise, IP, etc.), and benefit from a low-to-no competition environment. No considerations need to be provided for the product life cycle since competitive forces are not…
Consider this scenario: A customer asks your company to manufacture a part according to certain specifications, which were outlined in a contract. He needs to add the part to his product and ship it to his customers by a set deadline. Your company creates the part, but due to an error that occurs during the…
![[EVENT] April 25, 2019 in Markham: Financing Solutions for Strategic Business Growth](https://www.mentorworks.ca/wp-content/uploads/2021/01/bigstock-Teamwork-For-Success-91531910-2.jpg)
To overcome growth challenges, businesses should use a combination of equity, bank financing, and government funding. Each source of investment capital supports aggressive but sustainable growth plans and enables companies to act on emerging market opportunities. Fortunately, businesses can learn more about Canadian and Ontario government funding to support business growth by attending an upcoming…
In a previous article we explored the risks and rewards of getting into export markets. Now that you’ve decided that the rewards outweigh the risks and that there’s a positive return-on-investment (ROI) in your export market plan, you need to start planning export market entry strategies. In this article we’ll review some of the steps…
Canada’s recently-released Fall Economic Update offers many provisions that directly support business competitiveness and make it easier to invest. Most beneficial to manufacturers is the announcement that the full cost of machinery and equipment can be written off immediately. Businesses outside of the manufacturing industry will also benefit from a similar incentive that supports writing…
Accessing government funding for the first time might seem daunting without knowing how the process works. If your business is new to the funding landscape, it’s important to understand the different types of funding programs and how to navigate the application process. Fortunately, Hamilton and GTA-based technology firms can learn more about government funding by attending an…
The Canadian Federal Budget 2018 was released last week to much interest from business leaders and industry analysts. This year, innovation was again a top priority of the federal government, highlighted by the increase in funding support for several research and development funds. Unlike the previous two Liberal budgets, however, there will be considerable changes…
Developing new international markets is one of the most challenging, yet rewarding strategies early-stage businesses use to scale up. Fortunately for Ontario-based businesses, there are multiple support services available to learn more about what’s required to export, and how to build successful exporting relationships. The Government of Ontario provides frequent export training sessions across Ontario…
Accessing government funding for the first time might seem daunting without knowing how the process works. If your business is new to the funding landscape, it’s important to understand the various funding types and how to navigate the funding process. Once you’ve read up on that, it’s time to select suitable programs. To do that,…