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Scotiabank's C$3.1m donation to Big Brothers Big Sisters of Canada gives youth mentorship in the country a transformational boost. Hundreds of thousands of young Canadians are growing up in vulnerable situations including poverty, family instability, or identity-based discrimination.

Banks in Canada are making a big step towards modernising identity verification by employing a blockchain-based user identification system. This major milestone will give consumers an easy way to share their personal information.

Axis Capital Business Funding Group in Jakarta Review - Jakarta, Indonesia - You have finally been granted a loan for your dream business. Having that ample amount of money gives you a lot of ideas and makes you plan exciting concepts. The opportunities are limitless. The only problem is you don't know where to start. You may deem yourself capable and expert when it comes to the nature of your business, the ins and outs in the market and what niche and audience to target but bookkeeping is something you are not trained for. The good thing is, you have already been able to estimate the cost and inclusions, the liabilities and possible profits. The only issue is to maintain the cash flow and regulate it, be able to pay off loans and still get a good ROI. According to Axis Capital Business Funding, a credit loan source for small business owners in America, most businesses suffer bankruptcy because of improper handling of budget. As there are more pressure for start-ups and small companies, management administration is a big factor in determining the success of the business. Monthly statements come afterwards that is why some business owners have no idea that they have already spent more than what the budget provided for. With the business up and running, you may already have the idea on the trend in your profit by reviewing the consistent operational system. For start-ups, the assumptions can be based on the trends through geographical location, average competition costs and revenues and ratio of the market to the local businesses. Planning the budget ahead of its execution is to prevent over spending. Here are some of things you can do: 1. Learn about the Industry standards Although businesses are different in nature, they are still bound by some similarities. Do some research on lo

Axis Capital Group Business Funding - When we are thinking of successful enterprises, the first thing that comes to mind is the big companies like Google, Nestle, Goodyear, Apple etcetera. We instantly inspire ourselves to follow their lead. What new entrepreneurs do not actually understand is that these companies have been in the industry for a long time, sometimes, experiencing more downfall than we could imagine. We recognize the penetration of small businesses in today's market but we are often unaware of the struggles they go through to integrate their service and products to follow the demands of the complicated customers. What these entrepreneurs often thought of as a smooth flow after surpassing pre-business stage to the first two years is a reality of continuous challenges and hindrances that should be defeated even in the long run. Analysts estimate the time needed to create visible revenue would only be after five years. Some small business startups do not have the perseverance and resources to withstand for that long time. Those who manage can even barely get through and maintain. It gets more challenging in developing countries where competition is fierce and the market is elusive. Most of the time, external forces affect economic sustainability of a business. The changes of government regulations, complaints and lawsuits, constant evolution of new technology and global recession can hit any startup companies. Jake had just started his business of clothing retail in northern Jakarta in Indonesia when the recession hit the world in 2008. Moreover, clothing line and related business also started to boom, adding to the competition.