The risk of business fraud today is higher than ever. The main contributing factors are the growing complexity of organizations, emerging technologies, and evolving accounting practices that, combined, make it challenging for businesses to monitor the increasingly sophisticated fraud tactics of criminals.
Payment fraud can come in many guises. Businesses need to be wary, not just of fraud risks around how they take payment, but also in how they themselves pay their suppliers. How concerned should you be?
Keeping an eye on the financial health of your business is good preventive medicine. Here are some quick and easy diagnostics to gauge the well-being of your business.
Managers of large corporations regularly monitor the performance of other companies to determine how they compare and where they can improve. Your business may be smaller, but it can still benefit if you follow the lead of bigger companies.
Keeping track of the various taxes associated with running a business can be a lot of work. And if you miss any due dates, it's expensive. Fortunately, there's an easier, simpler way to stay on track and on time.
Attracting bright, creative, committed talent and retaining it are important parts of managing a successful business. One way to get and keep the best employees is to meet their needs outside as well as inside the workplace.
After doing her annual business review with her CIBC business advisor, a small business owner realized that her business' profitability had been declining. Cash flow had always been a problem for her manufacturing company, and she suspected that her costs were higher than they should be.
A good business plan helps set you on the road to financial success. By mapping out your goals and strategies, you'll get a clearer picture of what your business really needs. In addition, an effective business plan is essential if you want to attract investors.
Plant, machinery and vehicles are all important, but when it comes to key assets, nothing beats having great staff who play a critical role in your business' ability to operate at its maximum potential.
You don't have to be big to have a competitive advantage. See how one independent retailer kept up with the market by continuing to evolve his business and keeping customer needs top of mind.
Focusing on a niche market is one way a small business can stand out in a crowded market space. This article highlights one business that continued to increase its sales by pursuing customers in niche markets.
Investing in a new technology can offer exciting opportunities to expand your business. By doing this, one business has increased revenue and established itself as an industry leader.
Strategic partnerships can enable you to expand quickly by utilizing the resources of your partners. Learn how one business formed strategic partnerships to grow.
When you combine a strong product line with a demanding market, managing company growth often requires help from strategic partners. Read more to learn how to close operational gaps by leveraging strategic partnerships.
Technology is the foundation that allows businesses to reach new customers or find new resources faster and more efficiently. The article explores how to optimize your investment in technology to drive business success.
When demand is high in your market, developing a deeper understanding of your customers' needs and forming strategic alliances are great ways to provide added value to your customers. Read more on how to align your business growth by making customer-centric decisions.
The foundations of international success start with building long-term relationships. The article shows how to learn to leverage the skills and knowledge that you have developed to build on the strength of an existing reputation.
As your business grows, so can your revenues and, unfortunately, your taxes. This article shows how one company structured its business to better manage their finances while maximizing cost and tax efficiencies.
When sales are growing, you can easily lose track of spending and exceed your cash flow and could quickly find yourself squeezed for funds. The article explores how one company mitigated this risk and avoided borrowing as they started up their business.