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Unemployed? Take the opportunity to become SELF-employed
Monday, 04 August 2008
By James Byrne

  If you're collecting employment insurance, this may be your best opportunity to get a new venture going, says James Byrne, Director of the Small Business Funding Centre. "For one thing, you have more time than when you're fully employed. Even if you're looking hard for work, you can devote a substantial amount of effort to researching and preparing your startup."

Byrne's organization helps small businesses launch and grow their businesses through grants, low- or no-interest loans, and other forms of financing. It offers information and advice to small businesses at www.Help.Grants-Loans.org.

Beyond the time, says Byrne, you may have access to a number of government programs to help you launch your own business. After all, it's in the governments' best interest to get you back to work; if that means paying a little now, it's still a good investment.

Human Resources Development Canada is a big player in this area, and offers programs such as the Self-Employment Assistance Program (SEA). If you have a viable business idea, you may be eligible for income support while you work full-time on your
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Last Updated ( Monday, 04 August 2008 )
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Small Business Bank Account; Partnership Made In Heaven?
Monday, 04 August 2008
By Thomas Pretty

  Whether you are acting as a sole trader, a partnership or a limited business the need for a specialised business bank account cannot be underestimated. Many banks have dedicated services to small business operations that ensure communication and advice are in abundance to help the company start up and get going. Like many business decisions, deciding on which small business bank account to open takes careful consideration so ensure you shop around to find the best deal.

Ultimately every company needs a good bank behind them to ensure a solid financial platform for trading. If your small business is a limited company it must have a bank account by law while those operating as sole traders have the option of using their personal account for the purpose. Whichever of these categories your small business falls into it is always advisable to find a bank that has a dedicated small business team that will be able to advice and instruct on the best ways to operate and make a profit. It is also worth investigating whether a bank has a free period once you
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