Canadian Western Bank

“Financial management is the most exciting part of running a business!” How many business owners have ever said that? According to our quick poll, almost 70% of business owners tend to pay more attention to the operational rather than financial side. But financial management can’t be overlooked. #CashFlow management gives you the flexibility to expand your business, seize opportunities and put your business in a better position to thrive and grow. Explore this article to find out how solid financial management can help you navigate the unpredictable market and what you can do today to succeed tomorrow: https://bit.ly/3WjXMO1

For the 5th year in a row, CWB has been named one of the Best Workplaces in Financial Services & Insurance! This list is determined by the direct input of employees from hundreds of organizations that participate in the Great Place to Work® survey. #TeamTeal, this award is yours - you know that better is always possible when it comes to creating success for our colleagues, clients and communities. Here's to achieving more together!

A quick poll to kick off your Monday ⬇

Dirty hands, sweaty brows and tighter bonds. CWB’s Toronto team is putting down the roots to success in more ways than one. Our team grows stronger together every day, and they continue to give back toto the community where they live and work. Doing so helps to reflect the success – and growth – they want to see among their clients, friends and family. They recently joined forces with Ontario Streams to get outdoors, enjoy nature, and learn more about the natural environment. Ontario Streams plants thousands of native trees and shrubs each year with the help of volunteers from across the GTA. They offer community groups, schools, and organizations a variety of opportunities to get involved with tree planting. Explore their programs and activities here: https://lnkd.in/gdzNcHRz

If you manage payments in your business, read this: Every transaction is important to your business. But have you ever considered that the way you conduct transactions affects your business health? These questions can help you define how effective your processes are: 1. How quickly are cleared funds getting into your account? 2. How well are you mitigating fraud? 3. What is the cost benefit of your current set-up? 4. How does the cash flow in and out of your account? Head to our article for more in-depth information on each question and 5 more expert insights on managing payments: https://bit.ly/4cDwSYs

A week of activities to celebrate Multiculturalism Day? That's the spirit, #TeamTeal! 🎉   CWB Global, one of our employee represented groups, took every opportunity to recognize, celebrate, and learn about the importance of multiculturalism from June 24 to 28. They put together a list of interactive, people-first activities that included listening to our teammates say “hello” and “bye” in their native languages, creating diversity posters and collecting votes for the best, reading a book about embracing family heritage, and - everyone’s favourite - exploring different foods from around the world! Here’s what executive sponsors say about the vital role that multiculturalism has at CWB and in our society: “It is a true gift for everyone at CWB to be able to celebrate so many different cultures, backgrounds, and the values that we have. Multiculturalism is at the core of everything we do, and it allows me to bring my true self to work every single day.” Supriya James, Sr VP, Human Resources “To me, multiculturalism symbolizes all the things my parents sacrificed for their children. It is about values, openness and kindness. It is the beauty of diversity that is the backbone of our country.” Nick Culo, VP, Marketing What does multiculturalism mean to you? Leave your answer in the comments! 

What do proactive banks and doctors have in common? They ask many questions. And it’s your answers that help create solutions designed just for you. We’ve learned that many people are surprised by how much information a good financial partner requires – and how deep these conversations go. We also know how important your time and money are. That’s why we’ve created this helpful list, so you can be fully prepared for your next financial wellness conversation: https://bit.ly/3VVm0hE

When it comes to selling your business, "it’s imperative to come to the table with some competitive insights and a true sense of what your business is worth before you make that final decision,” says Keith Bozman, the visionary behind VIP Soap Products, one of Canada’s leading manufacturers of plant-based, biodegradable and environmentally friendly cleaning products.    “At the same time, it also never hurts to trust your own instincts.” Don't miss out on your opportunity to learn from Keith’s 25-year journey as he shares insights on navigating the highs and lows of entrepreneurship and selling at peak value. Read, listen, and get inspired here: https://lnkd.in/g5MqXYjK   #SuccessionPlanning

CWB's 2023 Diversity & Equity Insights are here! We're proud to share our progress in creating a workplace in which diversity fuels innovation and inclusion powers growth. 'Inclusion has power' is not just a value, it's our commitment and action to an award-winning culture where everyone feels valued and empowered. Read our report and learn how we’re embracing diversity in our identity and why it’s a driver of our collective success: https://lnkd.in/gY28QYbD

Hey business owners, Are you planning to exit your business within the next 10 years? If yes, you’re not alone. 76% of small business owners in Canada plan to leave their business in that time frame. But only one in ten has a formal succession plan in place. When it comes to succession planning, the first question to answer is whether you want to A. exit the business through merger or acquisition, B. sell all or part of the company, or C. pass along control to the kids. Find out how to make the right choice in our article – and remember: the earlier you begin this inevitable process, the more options you have available! https://bit.ly/3Lbh0jK #BusinessSuccession #SmallBusinessTips