The Role of Finance in Business

Every company has its finances at the center of its operations. In short, any business must have money to function. Finance is tasked with overseeing the money to ensure the company’s success. So, what exactly are finance’s main objectives?

What Is the Function of Finance?

Jamie Johnson, CEO of FJP Investment, explains it clearly “managing money inside an organization is the responsibility of the finance department of an organization. Cash flow is monitored in and out of the organization; financial reports are generated, as well as financial strategies are developed for the business’ performance.”

Specialized finance teams with several job titles and management levels are common in large businesses. In smaller businesses, you may discover that the firm owner oversees finances or is outsourcing that function.

The Primary Objective of Finance

Any finance team has two main purposes. Firstly, reliable records of money transfers inside the firm must be kept … Read more

Top 7 Tips for Surviving as a Small Business

When starting any sort of business, it is important to take time and plan out a long-term strategy for success. Only 50% of all small businesses survive 5 years or longer, and the difference between succeeding and failing ultimately comes down to a mix of strategic planning, organization, and some dumb luck.

Below we’ve compiled a list of 7 strategies for building a small business that’s around for the long term.

Our Top 7 Tips for Making it as a Small Business

Building a successful business takes time, planning, and a lot of energy. Follow our list of tips below to ensure you are well-poised for success.

Our top tips include:

  • Get organized
  • Build your savings account
  • Become familiar with your competition
  • Create a budget
  • Always look for opportunities to diversify your revenue streams
  • Never stop marketing
  • Invest in yourself

1. Get Organized

The organization is key to building a … Read more

Kelly Davies: Offering a Bespoke Experience for Buyers & Sellers

A journey that began a decade ago as an independent real estate agent passionate about providing exemplary customer service to every person with dedication and hard work, Kelly Davies gradually built her business brick by brick.

However, understanding the reality of the market, Kelly began to assemble a team that grew together to become exceptional, personalized, and detailed-oriented agents in the niche. Today, the Kelly Davies Homes Team implements their integrity, expertise, and professionalism assists clients in every aspect of the buying and selling process.

Reaching the point where Kelly and the team help people find their dream home wasn’t all roses; several challenges acted as thorns, the major one being the financial aspect. She expresses, “It’s difficult to start and run a business. I’ve had to reinvest a significant amount of personal money into the business, which is always a challenge. Having faith in myself and believing that I Read more

Karen Simon: Delivering Perfect Real Estate Solutions

Emersons Commercial Real Estate has put together a team of experts who run a platform designed to align resources and maximize values, specializing in property management, sales, leasing, and consulting. Due to the sheer dedication of the company’s passionate team led by Karen Simon, Emersons is delivering industry-leading solutions matching clients’ expectations. As the President and Managing Partner at Emersons Commercial Real Estate, Tarrant County Division, Karen exceeded every parameter with flying colors.

Leading by example, Karen aims to impact the real estate business by being punctual and exploring vast opportunities. She is a mentor for other women who have been forging their way into the sector for the last 30 years. She believes that female industrial and commercial realtors have made a great deal of progress and emphasizes that there is still room for growth and opportunity. She intends to bridge the gap between learning and executing by … Read more

Markets in Positive Country

Equities in Canada’s largest centre surged Wednesday, carried by health-care and energy concerns.

The S&P/TSX jumped 97.55 points to conclude Wednesday at 20,383.75

The Canadian dollar advanced 0.37 cents to 78.01 cents U.S.

Pot producers Canopy Growth grew 17 cents, or 2.8%, to $6.23, while WELL Health Technologies headed skyward 19 cents, or 5.6%, to $3.56.

Among energy concerns, Vermilion Energy popped $2.22, or 8.7%, to $27.73, while Whitecap Resources captured 67 cents, or 6.5%, to $10.91.

Techs also enjoyed themselves, with Softchoice climbing $1.92, or 9.5%, to $22.10, while Nuvei jumped $2.45, or 4.3%, to $59.54.

Materials weighed things down somewhat, with Osisko Mining off 13 cents, or 3.3%, to $3.83, while First Quantum Minerals sank 76 cents, or 2.1%, to $34.75.

In gold stocks, Alamos Gold dropped 15 cents, or 1.5%, to $9.77, while Kinross Gold lost six cents, to 1%, to $5.85.

Real-estate also faded with CAPREIT … Read more