TLDR
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Expanding your customer base can help hedge against market trends and challenges.
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Leveraging free business tools and the advice of an expert can help you stay ahead of issues and remain financially resilient.
Ever wondered why some businesses get off the ground easily, moving from start-up to thriving within a couple of years – while others fail? Business insolvencies surged in 2024, rising 28.6% over the year before, with the construction, transportation, warehousing and hospitality sectors experiencing the biggest increase. In a mid-year study conducted by the Canadian Association of Insolvency and Restructuring Professionals, 386 Canadian businesses filed for insolvency each day in the second…
