Business In The Open

In this special bonus episode of the Business in the Open podcast, we sit down with Jackson Reddin from Provincial Credit Union. Jackson shares his five essential business banking tips to help listeners manage their business finances effectively.

Tip #1 - Understand your business's financing structure to save you money in the long run

Tip #2 - Utilize a credit card over a debit card to save on transactions and fees

Tip #3 - Don't forget about succession planning and talk to professionals to ensure you have things like a will and life insurance in place

Tip #4 - Ensure your business is appropriately capitalized so your cash stays with you

Tip #5 - When getting set up for business financing have your business plan and financial projections ready

A big thanks to Consolidated Credit Union and Provincial Credit Union for sponsoring this season of the podcast.

This episode was audio-produced by Adam Ramsay.