Restaurants Archives - Evolocity Financial Group
Does My Business Qualify for Financing?

Does My Business Qualify for Financing?

Women receive less than 16% of all venture capital funding, yet companies with women in leadership roles outperform their male counterparts by 15%. As unbalanced as this may be, getting financing today is easier than ever for women entrepreneurs thanks to the many options available. However, the sheer number of choices can be overwhelming if…

Are You Managing Your Cash Flow Effectively?

Are You Managing Your Cash Flow Effectively?

Learn How Small Businesses Successfully Manage Their Cash Flow 82% of businesses fail because of cash flow issues – that’s a lot. Managing cash flow, as challenging as it may be, is one of the most important things for business owners to stay on top of. 7 ways to take charge of your cash flow…

Canadian Government Opportunities for Small Businesses

Canadian Government Opportunities for Small Businesses

There’s no doubt that small businesses are an integral part of Canada’s economic landscape. The government agrees and does their part to lend a hand. In this post, we will highlight some of the ways the government can help your business as well as where to look for these opportunities. Government Grants Government grants are…

What Canadian Small Businesses Should Watch for with A Trump Presidency

What Canadian Small Businesses Should Watch for with A Trump Presidency

While we as Canadians had no say in the recent US elections, we knew that whatever the outcome, our economy would be impacted. The United States is Canada’s largest trading partner and while a new government usually means new economic policies, the 45th president of the United States has shown himself to be a bit…

Common Small Business Loan Myths

Common Small Business Loan Myths

Before Evolocity came on the scene in 2008, the only way to get financing for your small business was through a lengthy bank process. As the new kid on the lending block, business owners were naturally a little skeptical about getting their financing online from a fintech company that wasn’t their bank. Things have changed a lot…

6 Small Business Cost Saving Tips

6 Small Business Cost Saving Tips

This week we’re going to continue our recent string of financial tips. We covered cost-cutting mistakes and spending mistakes so to wrap things up, let’s take a look at some cost saving tips. In the spending mistakes blog we highlighted the fact that overspending is one of the most common mistakes small business make; one…

How to Make Sure Your Restaurant Survives, and Succeeds

How to Make Sure Your Restaurant Survives, and Succeeds

Opening and running a restaurant is a dream for many people but it doesn’t come without its struggles. The restaurant industry can be very volatile and has one of the highest turnover rates. According to a study by Ohio State University, 60% of restaurants do not make it past the first year, while 80% go…

How the Sinking Canadian Dollar Affects Your Small Business

How the Sinking Canadian Dollar Affects Your Small Business

  With the Canadian dollar dropping below 70 cents on the U.S. dollar for the first time in over 12 years, small business owners have one thing on their minds; how does this affect me? The truth is, every Canadian small business is unique and there is no one-size-fits-all answer. Some will be negatively affected, some…

Weathering a Minimum Wage Increase

Weathering a Minimum Wage Increase

Minimum Wage Increases and Your Small Business Minimum wage increases has been a fiercely debated topic as of late after the proposed implementation of a 15$ universal minimum wage was brought up during the Canadian federal election campaign. While there are plenty of positives associated with increasing minimum wage across Canada, the impact on small and…