In this final Finance Friday segment before the summer break, Colin Cyr, Senior Manager of Business Services at FirstOntario Credit Union, shares timely advice for business owners navigating today’s economic challenges. From understanding your margins and managing cash flow to staying optimistic and planning for the months ahead, Colin offers practical strategies to help businesses operate smarter and build resilience.
Topics covered:
- How to assess profitability and adjust pricing
- Tools to support cash flow, like lines of credit
- The importance of planning ahead for seasonal campaigns
- Why optimism is a skill developed during tough times