Posts by websupport

Our last few blog posts have focused on how business owners can improve their financial literacy and get the information they need to make great decisions. But, as you know, once you’ve gained the knowledge, you still need to apply it!  This can be the tricky part sometimes, because knowing a concept and seeing it…

There’s no doubt about it: the age of the internet has changed how we get information. It used to be harder to find great resources on financial literacy because there weren’t as many, or because they weren’t always available. In today’s world, the problem is the opposite; we’re bombarded with resources all the time, and…

As a business owner, understanding your company’s financial health is crucial. But diving into financial statements can feel overwhelming. That’s where financial ratios come in. These powerful tools can give you quick, actionable insights into your business’s performance and financial stability. Let’s explore the most important financial ratios and how they can transform your decision-making…

Running a business is all about stories. There’s a story behind why you started your business. There are probably more than a few about how you’ve faced challenges and come out the other side. But one story not a lot of business owners understand is the story their numbers are telling them.  Financial literacy helps…

Optimism only brings you so far-the rest is in good planning, predictable cash flow, and partnerships that align with your goals. As a fellow entrepreneur, I’ve taken the leap into risky venture-land more than once. In a previous blog, I hinted at our own risk story: it involved a high-stakes situation, much like a Tom…

Want to gamble? How about this: your paycheque against whether your business will still be here in 10 years? (Hint, you’ve got 35% odds of surviving!) If so, you’re in the right place, and you’re far from alone. Your odds (1 in 3 at this point) will increase *substantially* if you do these two things…

We’ve covered a lot in these past few blogs, so now it’s time for something LinkedIn seems to love… a takeaway list! When your business needs an organizational overhaul, it may feel like your life really needs one. One natural decision you might face is splitting your assets (equipment, buildings) into a separate company from…

Now that we’ve explored the advantages of using a holding company for leasing heavy equipment, a crucial question arises: When is the right time to launch a holding company for your business? Incorporating as Multiple Entities Starting your business on the right foot means playing to your strengths, especially when the team is small. But,…

Welcome back! In an adjacent blog post, we explored the concept of a holding company and its potential role within your business structure and leasing strategies. Check out part one here! Now, let’s delve deeper and discover the advantages a holding company offers when leasing heavy equipment through our trusted network. Remember—from strategizing how the…

To hold or not to hold—that is the question. The bigger question, of course, is how you will structure your company as you grow. Weighing the options (and oh, are there many) can be complex. One rabbit hole you may be looking into is forming a holding company. Our blog today will focus on defining…