Here are some of the top missteps small business owners make on their path to greatness.
Vice President Retail, Meridian
With more than 15 years of financial services experience, Wade Stayzer is Meridian’s Vice President, Sales & Services. In this role, he oversees the strategy for Meridian’s Retail, Wealth, Mobile, Broker and Small Business, while also supporting the Sales and Service efforts of the frontline. Since 2005, Wade has been instrumental in shaping Meridian’s retail delivery strategy while establishing a culture of employee engagement. A long-time supporter and champion of the Ontario credit union system, Wade has held a variety of roles and responsibilities at Niagara Credit Union – one of Meridian’s legacy credit unions. In 2010, Wade was recognized as one of Niagara’s Top 40 under 40 for outstanding business achievement and community leadership. That same year, he was also recognized by the St. Catharines Chamber of Commerce as the Young Professional of the Year. An active volunteer in the Niagara community, Wade is the past-president of the Board of Directors of the Greater Niagara Chamber of Commerce, a member of the Board of Trustees of Niagara College, and is an active Member of the Rotary Club of St. Catharines. Wade holds a MBA and a Bachelor of Commerce from McMaster University.
It's difficult for children to understand why money can't just appear out of nowhere. As much as we may want it to, money
09/21/2017 14:59 EDT
One way to get around the hefty cost of real estate is co-homeownership, where two or more parties join forces to carry the costs of a home.
08/24/2017 15:00 EDT
A good credit score can mean the difference between your loan being approved or denied.
07/19/2017 11:43 EDT
First it starts with school supplies, new clothes and then all too soon, kids come home with college and university brochures. Visions of tuition fees, housing and books begin to surface, and soon your mind is dominated with the question -- how are we going to pay for this?
09/09/2016 01:31 EDT
A vacation is a well-deserved break. But sometimes, life gets in the way and then you realize the funds just aren't there when you want to get away to your coveted spot. But if you start planning in advance, you'll find that you can save enough to enjoy that destination you've always dreamed about.
08/04/2016 12:36 EDT
When a refund is granted, keep in mind that this money was yours to begin with, not a gift from the government. Nonetheless, it's still great to receive those additional funds. Now that you have that extra cash on hand, let's look at ways to maximize your tax refund and get it working for you.
05/16/2016 07:07 EDT
Renting or buying? The bottom line is that everyone needs a place to live. We've all heard the endless debates of which option is best. The short answer to this topic is quite simple -- it all depends on preference.
05/11/2016 10:54 EDT
Cleaning out the cupboards, taking stock of items that need to be retired or repaired, and outright purging in some cases, is often what is done as the weather changes. And while it's common to want to get your house in order, it's not so common to do the same with your finances.
04/27/2016 04:30 EDT
The birds and the bees may not be the only difficult conversation you'll be having with your kids, discussing money and finances with your children can be just as challenging. Given the lack of mandated financial literacy courses in Canada, parents can fill the void by teaching financial concepts to their children early on.
03/17/2016 03:26 EDT
We all know that we should put money away for our retirement. The message has hit home and fortunately many of us are putting away at least 10 per cent -- if not more -- of our net income for our senior years. While this is undoubtedly a good thing, there still exists some confusion about these savings vehicles.
01/21/2016 12:30 EST
With penalties and repercussions feared as a result of such withdrawals, is it any wonder that Canadians are hesitant to take what they would consider to be an unnecessary financial hit? Yet there are opportunities for RRSP funds to be withdrawn without specific penalties.
01/05/2016 03:37 EST
For those employees who are fortunate enough to receive a year-end bonus, many may be tempted to spend it immediately. But I advise you to resist the urge to spend the money on frivolous items and instead think about putting your hard-earned bonus to work for you.
12/15/2015 12:41 EST
For most households, the holiday season is an enjoyable time of year to spend with friends and family but it can also be one of the most stressful -- with travelling, hosting and gift-buying all being a major drain on the household finances. Follow these tips to have an enjoyable holiday season while keeping your wallet intact.
11/19/2015 04:16 EST
Despite all the news about plunging oil prices, a weak dollar and hits to the manufacturing sector, small business owners are optimistic that they can weather any ups and downs in the economy. In fact, 86 per cent anticipate a growth in business while 43 per cent plan to hire new employees. Only 10 per cent of respondents anticipate a decline in business.
10/15/2015 05:05 EDT
Don't let the lack of preparation add more stress to an already chaotic life as a new parent. Having a financial plan in place before the new bundle of joy arrives will allow you to focus all your attention on enjoying the precious moments without worry of making ends meet.
09/17/2015 08:16 EDT
As morbid as it may seem, death is inevitable and preparing for our last day of life is a key component in a solid financial plan. Without proper planning, death can trigger a significant income tax bill which can cause significant financial stress for already devastated loved ones left behind.
09/03/2015 05:40 EDT
Budgeting isn't a dirty word, yet for many people the process of creating and living on a budget is seen as confusing, restrictive and scary. Creating a budget is actually a very straightforward process. Budgets aren't difficult but they require organization and discipline in order to be successful.
08/26/2015 08:19 EDT
From repairing a leaky roof to replacing a car engine, these unexpected costs can add up fast. But more important than unexpected costs, an emergency fund is your safeguard against a sudden loss of income. That's why financial experts stress the importance of having an emergency fund.
07/17/2015 05:06 EDT
Whether it's the thought of enjoying the sunsets on the deck or the soothing sound of water at your doorstep, owning a cottage is a dream for many Canadians. If you're contemplating buying a vacation property, it's critical that you weigh the costs against the rewards.
06/19/2015 07:53 EDT
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