{"id":57273,"date":"2023-07-31T18:01:15","date_gmt":"2023-07-31T18:01:15","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business__trashed\/right-sized-business-advice\/"},"modified":"2026-02-02T17:16:40","modified_gmt":"2026-02-02T22:16:40","slug":"right-sized-business-advice","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/","title":{"rendered":"Right-Sized Business Advice"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-b-0 pad-t-0\" style=\"border-radius:0x\">\n<p class=\"h3 mar-b-0 mar-t-0\">While different sized businesses have varying needs, they all need one thing: a financial plan. We have you covered with financial advice to help &#8211; whether you&#8217;re a solopreneur, small business owner or scaling your commercial success.<\/p>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-c2f1639e-b216-4561-816c-10b244920cf9\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-small-business\">Small Business<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/\">More from Small Business<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-c715deaf-d989-4237-b12b-e34b3f6d5627\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-57923\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-57923 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-community tag-ideas-and-insights tag-technology rbc_content_type-infographic rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-business-stages rbc_mmm_category-get-inspired rbc_mmm_category-grow-your-business rbc_mmm_category-innovation rbc_mmm_category-right-sized-business-advice rbc_mmm_category-small-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"Girl filming makeup tutorial on tablet\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"930\"\n\t\t\theight=\"620\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TD-2022-09-26T153322.160-3.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"Girl filming makeup tutorial on tablet\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/\">\n\t\t\t\t\t\tSmall Business\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/rbc-small-business-poll-finds-millennials-and-gen-z-canadians-are-leading-a-micro-entrepreneur-economy\/\" class=\"h4 loop-post-title mar-t-0\">RBC Small Business Poll Finds Millennials and Gen Z Canadians are Leading a Micro-Entrepreneur Economy<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-8295e012-ff05-40df-8cc6-2640297fe13d\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-a90e1f67-77c4-4e2c-a304-675f788b8d8a\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-b8af4868-4e3c-4a58-8a82-6ff2aad31acb\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">Simplify your business operations to avoid using your cash reserve<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-91f49202-809f-4eda-99e0-d9e645181b8a\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-47691ad1-6439-4d69-8823-acf02dcf1e57\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-commercial\">Commercial<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/commercial\/\">More from Commercial<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-ccc75b72-2b94-4948-8028-e21325e204cf\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-58177\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-58177 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-entrepreneur rbc_content_type-article rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-get-inspired rbc_mmm_category-innovation\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"Duer\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"930\"\n\t\t\theight=\"620\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Untitled-design-2023-07-28T140853.644.png?quality=80&#038;w=960\"\n\t\t\talt=\"Duer\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/\">\n\t\t\t\t\t\tInnovation\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/how-duer-brought-the-worlds-most-comfortable-pants-to-a-global-market\/\" class=\"h4 loop-post-title mar-t-0\">How Duer Brought the World&#8217;s Most Comfortable Pants to a Global Market<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-f8d3857e-6a1d-4c17-9de9-497e5a0e420d\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-b0ec8d7b-4f14-40b6-9961-3dfafb666e0d\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-985be491-7050-4486-9822-58f3cd6b4055\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">When you fail to prepare, you prepare to fail \u2014 and businesses should consistently prepare to fail by establishing systems of efficiency<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-05297f9a-2419-46d2-940f-c4921886c8d6\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 pad-b-0\" style=\"border-radius:0x\">\t\n\t<div class=\"wp-block-tk-spacer id-2c726b6a-6258-4ec2-b4fd-28d8d821e168\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0\" id=\"h-solo-entrepreneur\">Solo Entrepreneur<\/h2>\n\n\n\n<div class=\"wp-block-rbc-my-money-matters-category-list\">\n\t\t\t<ul>\n\t\t\t<li><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/\">More from Solo Entrepreneur<\/a><\/li>\n\t\t<\/ul>\n\t<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-7c5fc1b9-564b-4060-b159-990fe981bb1c\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns  mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 mar-b-0 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:70%\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-2 most-recent-by-taxonomy-standard\">\n\t\t\t\t\t<article id=\"post-57748\" class=\"rbcroyalbank-single-post-card single-post-card-vertical-type-2 post-57748 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-entrepreneur tag-ideas-and-insights rbc_content_type-article rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-business-stages rbc_mmm_category-grow-your-business rbc_mmm_category-right-sized-business-advice rbc_mmm_category-small-business rbc_mmm_category-start-a-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t<div class=\"col-md-12 col-xs-5 mob-mar-b-0\">\n\t\t\t<div \n\t\t\t\trole=\"img\" \n\t\t\t\taria-label=\"post card image\"\n\t\t\t\tclass=\"post-card-image\"\n\t\t\t>\n\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"930\"\n\t\t\theight=\"620\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Group_of_owners-508079643_Thumbnail-default_402x-1.jpg?quality=80&#038;w=960\"\n\t\t\talt=\"post card image\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 col-xs-7 mob-mar-t-0\">\n\t\t\t\t\t\t\t\t<a class=\"primary-taxonomy primary-link\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/\">\n\t\t\t\t\t\tSolo Entrepreneur\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/solo-entrepreneur\/three-growth-hacks-for-your-new-business\/\" class=\"h4 loop-post-title mar-t-0\">Three Growth Hacks for Your New Business<\/a>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\n\t\t\n\n\t\n\t<div class=\"wp-block-tk-spacer id-3dd2e024-ab22-47c2-8d4b-1d771698012b\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-rbc-rbc-block pos-rel top-line-blue block-wpr pad-t-0 pad-b-0 pad-l-0 pad-r-0\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner pad-l-0 pad-r-0 pad-b-0 pad-t-0\">\t\n\t<div class=\"wp-block-tk-spacer id-5a103a35-4485-4de8-b2e9-ecbd12d6ea53\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"mar-b-0 has-medium-grey-color has-text-color\" style=\"font-weight:400\">Did You Know?<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-9f2db5c5-336c-451b-be61-3149d6dcd91d\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p class=\"h4 mar-t-0 mar-b-0\">Have anywhere from 6 to 9 months of cash reserve to avoid taking additional loan debt<\/p>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-58bded48-a571-4d65-a442-089aa971de3a\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-18db184d-e6a2-4639-9cb7-1ba02e0465ba\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-c2f1639e-b216-4561-816c-10b244920cf9 {\n\t\theight: 96px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-c2f1639e-b216-4561-816c-10b244920cf9 {\n\t\t\theight: 64px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-c715deaf-d989-4237-b12b-e34b3f6d5627 {\n\t\theight: 16px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-c715deaf-d989-4237-b12b-e34b3f6d5627 {\n\t\t\theight: 16px;\n\t\t}\n\t}\t\n\t\t.wp-block-tk-spacer.id-8295e012-ff05-40df-8cc6-2640297fe13d {\n\t\theight: 1px;\n\t}\n\n\t@media ( max-width: 480px ) 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