{"id":57331,"date":"2023-07-31T19:57:57","date_gmt":"2023-07-31T19:57:57","guid":{"rendered":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business-planning\/"},"modified":"2026-02-02T17:20:24","modified_gmt":"2026-02-02T22:20:24","slug":"business-planning","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-planning\/","title":{"rendered":"Business Planning"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel pad-b-0 pad-t-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\">\n<p class=\"h3\">A well-thought-out business plan outlines your vision, your financials, your market and other foundational details about your business. Creating a formal plan can be the difference between a great idea and a viable venture.<\/p>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-dca06480-f162-414b-bbee-0f89ba667fe7\" aria-hidden=\"true\"><\/div>\n\t\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\">\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 mob-mar-b-dbl is-layout-flow wp-block-column-is-layout-flow\">\n<article id=\"post-57399\" class=\"loop-post featured-vertical mob-pad-b-dbl post-57399 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-planning rbc_mmm_category-get-inspired rbc_mmm_category-innovation rbc_mmm_category-managing-your-business\">\n\t<div class=\"col-wpr mar-b-0\">\n\t\t\t\t\t<div class=\"col-md-12 mar-b mob-mar-b-dbl\">\n\t\t\t\t<div \n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Employee talking to employers\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"680\"\n\t\t\theight=\"453\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/TDpsi-11-1.jpg?quality=80&#038;w=680\"\n\t\t\talt=\"Employee talking to employers\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\tstyle=\"object-position: 50% 50%; \"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t<div class=\"col-md-12 mob-mar-t-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/hr-roundup-tips-to-hire-retain-and-engage-employees-in-a-tight-labour-market\/\" class=\"h3 loop-post-title mar-t-0\">HR Roundup: Tips to hire, retain and engage employees in a tight labour market<\/a>\n\t\t\t\t\t\t\t<p>Businesses can expect to continue to face HR hurdles into 2023. RBC called on experts and seasoned business owners to share their top tips and&#8230;<\/p>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/article>\n<\/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-rbccom-latest-posts\">\n\n\n<article id=\"post-57397\" class=\"single-post-card-wrapper post-57397 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-entrepreneur tag-grants 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-planning rbc_mmm_category-business-stages rbc_mmm_category-grow-your-business rbc_mmm_category-managing-your-business\">\n  <div class=\"wp-block-rbc-single-post-card\">\n    <div class=\"latest-post-card\">\n      \t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t              <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-planning\/how-to-build-the-best-business-plan-ever-step-by-step-guide\/\" class=\"h4 post-title mar-b-hlf mar-t-0 truncate-third-line\">How to Build the Best Business Plan Ever: Step-by-Step Guide<\/a>\n                    <p class=\"post-description\">A business plan will map out the vision for your business, help you execute on your goals and set you up for success \u2013 today and tomorrow.<\/p>\n          <\/div>\n  <\/div>\n<\/article>\n\n\n\n<article id=\"post-57400\" class=\"single-post-card-wrapper post-57400 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-commercial-insights 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-planning rbc_mmm_category-business-stages rbc_mmm_category-commercial rbc_mmm_category-grow-your-business rbc_mmm_category-managing-your-business rbc_mmm_category-right-sized-business-advice\">\n  <div class=\"wp-block-rbc-single-post-card\">\n    <div class=\"latest-post-card\">\n      \t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/commercial-insights\/\">\n\t\t\t\t\t\t\t<span>Commercial Insights<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t              <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-planning\/5-things-businesses-should-consider-in-a-higher-interest-rate-environment\/\" class=\"h4 post-title mar-b-hlf mar-t-0 truncate-third-line\">5 Things Businesses Should Consider in a Higher Interest Rate Environment<\/a>\n                    <p class=\"post-description\">Knowing the impact of rates on your business and understanding the options  available can help your business navigate today&#039;s environment.<\/p>\n          <\/div>\n  <\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e90ef799-7bca-4920-907c-d7f56eec293a\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block section-cool-white pos-rel  pad-t-0 pad-b-0 overflow-hidden has-f-5-f-8-f-9-background-color has-background\" 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-d6123d44-4a4b-4cf4-b046-2f700e23cb85\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-b-0 mar-t-0\" id=\"h-tools-calculators-and-courses\">Tools, Calculators and Courses<\/h2>\n\n\n\n<div class=\"wp-block-rbc-carousel-container is-layout-carousel-carousel is-mobile-per-page-1.2 is-desktop-per-page-3 is-style-full-height-shadow-overflow\"><div class=\"carousel-wpr top-controls desktop-top-right desktop-top-right-dots-hidden mobile-controls-hidden\" data-mobile-per-page=\"1.2\" aria-label=\"Carousel Container\" data-visible-slide=\"3\" data-infinite-loop=\"true\"><div class=\"carousel-ctrl\"><div class=\"carousel-indicators\"><\/div><button class=\"carousel-prev slick-arrow\" aria-label=\"previous slide\"><\/button><button class=\"carousel-next slick-arrow\" aria-label=\"next slide\"><\/button><\/div><div class=\"col-wpr eh-wpr carousel-inner\">\n<div class=\"wp-block-rbc-carousel-inner carousel-item carousel-item-card-link\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-3a5424e9 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-rbc-icon-block\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-80\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-tool.svg\" alt=\"icons\/icon-tool\" \/><\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-1e683dd5-6eec-4070-996c-035e38fbf513\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\" id=\"h-business-plan-builder\">Business Plan Builder<\/h3>\n<\/div>\n<a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/business-plan-builder\/index.html\" target=\"_blank\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-3a5424e9 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-rbc-icon-block\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-80\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-articles.svg\" alt=\"icons\/icon-articles\" \/><\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-7d5b49a0-c95e-48f7-911f-772e8be02e47\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\" id=\"h-cash-flow-template\">Cash Flow Template<\/h3>\n<\/div>\n<a href=\"https:\/\/www.rbcroyalbank.com\/business\/pdf\/Forecast%20cash-flow-template.pdf\" target=\"_self\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<div class=\"wp-block-group is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-3a5424e9 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-rbc-icon-block\"><img loading=\"lazy\" decoding=\"async\" width=\"75\" height=\"75\" class=\"icon icon-80\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/\/assets\/img\/icons\/icon-articles.svg\" alt=\"icons\/icon-articles\" \/><\/div>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-35d1e7e8-4e14-4b30-8584-1de009f8e8d6\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h3 class=\"wp-block-heading\" id=\"h-swot-template\">SWOT Template<\/h3>\n<\/div>\n<a href=\"https:\/\/www.rbcroyalbank.com\/business\/pdf\/Swot%20template.pdf\" target=\"_blank\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-111c23f1-f892-4097-a38c-06cf78f7521e\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-b-0 pad-t-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-108a4deb-a8f8-4fdc-9110-a4b7a041eba8\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-t-0 mar-b-0\" id=\"h-more-from-business-planning\">More From Business Planning<\/h2>\n\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 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\t\t<div class=\" wp-block-rbc-latest-posts wp-block-rbc-latest-posts-type-2\">\n\t\t\t\n<article id=\"post-96549\" class=\"rbc-latest-posts-content-card-type-2 post-96549 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-tax-tips rbc_content_type-article rbc_audience-business-owners rbc_lob_group-business rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-business-planning rbc_mmm_category-managing-your-business 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\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"425\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2026\/02\/Tax-Season-Image.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/tax-tips\/\">\n\t\t\t\t\t\t\t<span>Tax Tips<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-planning\/avoid-tax-season-stress\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Get Ahead of Tax Season: 5 Proactive Steps for Business Owners<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">When you run a business, there\u2019s no avoiding tax season. The sooner you prepare, the easier it is to manage. These five tips can help you get&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-96549 -->\n\n<article id=\"post-95262\" class=\"rbc-latest-posts-content-card-type-2 post-95262 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-commercial-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-planning rbc_mmm_category-business-stages rbc_mmm_category-commercial rbc_mmm_category-grow-your-business rbc_mmm_category-managing-your-business rbc_mmm_category-right-sized-business-advice rbc_mmm_category-small-business rbc_mmm_category-solo-entrepreneur rbc_mmm_category-start-a-business rbc_mmm_category-transition-your-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"post card image\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"393\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/08\/Greenhouse-Gas-5.png?quality=80&#038;w=640\"\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\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/commercial-insights\/\">\n\t\t\t\t\t\t\t<span>Commercial Insights<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/commercial\/vancouvers-new-greenhouse-gas-bylaw-5-key-actions-building-owners-need-to-take\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Vancouver&#8217;s New Greenhouse Gas Bylaw: 5 Key Actions Building Owners Need to Take<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Learn about the Vancouver Greenhouse Gas and Energy Limits bylaw, what\u2019s required from building owners and the resources available to support your&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-95262 -->\n\n<article id=\"post-94800\" class=\"rbc-latest-posts-content-card-type-2 post-94800 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-commercial-economy tag-entrepreneur rbc_content_type-article rbc_lob_group-business rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-business-planning rbc_mmm_category-business-stages rbc_mmm_category-grow-your-business rbc_mmm_category-managing-your-business 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\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"Team in planning, strategy or goal for business in overtime \/ \u00c9quipe dans la planification, la strat\u00e9gie ou l\u2019objectif pour les affaires en heures suppl\u00e9mentaires.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"450\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/iStock-1705796774.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"Team in planning, strategy or goal for business in overtime \/ \u00c9quipe dans la planification, la strat\u00e9gie ou l\u2019objectif pour les affaires en heures suppl\u00e9mentaires.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/commercial-economy\/\">\n\t\t\t\t\t\t\t<span>Commercial Economy<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/grow-your-business\/thinking-of-entering-new-markets-5-things-business-owners-need-to-consider\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Thinking of Entering New Markets? 5 Things Business Owners Need to Consider<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Tariffs and trade pressures are hitting SMEs hard. Here are 5 steps to help you assess whether expanding into a new market makes sense.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-94800 -->\n\n\t\t<\/div>\n\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:30%\">\t\n\t<div class=\"wp-block-tk-spacer id-41726b85-1c59-489e-b9f7-7ae00cfb53f4\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e009a378-f4a0-4dda-9d24-2845864773ab\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block section-cool-white pos-rel  pad-t-0 pad-b-0 overflow-hidden has-f-5-f-8-f-9-background-color has-background\" 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-665065cc-93c1-4f38-a69f-90e4a7ac9b0f\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<h2 class=\"wp-block-heading mar-b-0 mar-t-0\" id=\"h-product-solutions\">Product Solutions<\/h2>\n\n\n\n<div class=\"wp-block-rbc-carousel-container is-layout-carousel-carousel is-mobile-per-page-1.2 is-desktop-per-page-3 default is-style-full-height-shadow-overflow\"><div class=\"carousel-wpr top-controls desktop-top-right desktop-top-right-dots-hidden mobile-controls-hidden\" data-mobile-per-page=\"1.2\" aria-label=\"Carousel Container\" data-visible-slide=\"3\" data-infinite-loop=\"true\"><div class=\"carousel-ctrl\"><div class=\"carousel-indicators\"><\/div><button class=\"carousel-prev slick-arrow\" aria-label=\"previous slide\"><\/button><button class=\"carousel-next slick-arrow\" aria-label=\"next slide\"><\/button><\/div><div class=\"col-wpr eh-wpr carousel-inner\">\n<div class=\"wp-block-rbc-carousel-inner carousel-item carousel-item-card-link\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<h3 class=\"wp-block-heading\" id=\"h-open-a-business-account\">Open a Business Account<\/h3>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-2712430b-bf63-4181-8f1b-46364aa572ef\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p><\/p>\n<\/div>\n<a href=\"https:\/\/www.rbcroyalbank.com\/business\/accounts\/index.html\" target=\"_self\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n\n\n\n<div class=\"wp-block-rbc-carousel-inner carousel-item carousel-item-card-link\" aria-label=\"Carousel slide\">\n<div class=\"wp-block-group has-white-background-color has-background is-layout-constrained wp-container-core-group-is-layout-5773cda6 wp-block-group-is-layout-constrained\" style=\"border-radius:8px;padding-top:24px;padding-right:24px;padding-bottom:24px;padding-left:24px\">\n<h3 class=\"wp-block-heading\" id=\"h-services-beyond-banking\">Services Beyond Banking<\/h3>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-3518493f-cd28-489e-b05c-33d62cfa096c\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p><\/p>\n<\/div>\n<a href=\"https:\/\/www.rbcroyalbank.com\/business\/beyond-banking\/index.html\" target=\"_self\" class=\"carousel-item-card-link\" rel=\"noopener\"><\/a><\/div>\n<\/div><\/div><\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-b7c09731-c89b-4dfe-8b37-be59ea0c022b\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-e00f153b-f50b-4874-a00f-2df397930867\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-b-0 pad-t-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\">\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 is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:60%\">\t\t<div class=\" wp-block-rbc-latest-posts wp-block-rbc-latest-posts-type-2\">\n\t\t\t\n<article id=\"post-94513\" class=\"rbc-latest-posts-content-card-type-2 post-94513 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-commercial-economy tag-entrepreneur rbc_content_type-article rbc_audience-business-owners rbc_difficulty_level-beginner rbc_mmm_category-business rbc_mmm_category-business-planning rbc_mmm_category-commercial rbc_mmm_category-managing-your-business 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\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"A group of people shaking hands with another in a factory.\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/iStock-2032389705.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"A group of people shaking hands with another in a factory.\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/commercial-economy\/\">\n\t\t\t\t\t\t\t<span>Commercial Economy<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-planning\/thinking-about-securing-new-supplier-for-your-business\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Thinking About Securing a New Supplier for your Business? 5 Questions to Ask Yourself \u2013 and your Potential Supplier<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Several factors are creating supply chain challenges for Canadian businesses. Need to switch suppliers? Here are questions to ask before making a&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-94513 -->\n\n<article id=\"post-94463\" class=\"rbc-latest-posts-content-card-type-2 post-94463 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-career-planning-development tag-entrepreneur tag-hr-for-business rbc_content_type-article rbc_audience-business-owners rbc_difficulty_level-intermediate rbc_mmm_category-business rbc_mmm_category-business-planning rbc_mmm_category-get-inspired rbc_mmm_category-innovation rbc_mmm_category-managing-your-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"two women entrepreneurs\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/06\/shutterstock_2068758614.jpg_draft_1.jpeg?quality=80&#038;w=640\"\n\t\t\talt=\"two women entrepreneurs\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/innovation\/5-key-hiring-takeaways-from-indeeds-senior-economist-webinar-recap\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">5 Key Hiring Takeaways from Indeed\u2019s Senior Economist: Webinar Recap<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Indeed\u2019s Senior Economist shares insights about the Canadian labour landscape and offers key takeaways for employers to consider as they look to&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-94463 -->\n\n<article id=\"post-94294\" class=\"rbc-latest-posts-content-card-type-2 post-94294 rbc_my_money_matter type-rbc_my_money_matter status-publish has-post-thumbnail hentry tag-cross-border tag-entrepreneur tag-international-trade rbc_content_type-article rbc_audience-business-owners rbc_lob_group-cross-border rbc_difficulty_level-advanced rbc_mmm_category-business rbc_mmm_category-business-planning rbc_mmm_category-business-stages rbc_mmm_category-grow-your-business rbc_mmm_category-managing-your-business rbc_mmm_category-right-sized-business-advice rbc_mmm_category-small-business rbc_mmm_category-transition-your-business\">\n\t<div class=\"col-wpr display-flex mar-b-0\">\n\t\t\t\t\t<div class=\"col-xs-5 mar-b-0\">\n\t\t\t\t<div\n\t\t\t\t\trole=\"img\"\n\t\t\t\t\taria-label=\"A business owner works\"\n\t\t\t\t\tclass=\"post-card-image\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<img\n\t\t\tdecoding=\"async\"\n\t\t\tloading=\"lazy\"\n\t\t\twidth=\"640\"\n\t\t\theight=\"427\"\n\t\t\tsrc=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2025\/05\/Business_Registration_iStock-1798289254.jpg?quality=80&#038;w=640\"\n\t\t\talt=\"A business owner works\"\n\t\t\tclass=\"wp-post-image\"\n\t\t\t\t\t\/>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"mar-t-0 col-xs-7\">\n\t\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/cross-border\/\">\n\t\t\t\t\t\t\t<span>Cross-Border<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/managing-your-business\/business-planning\/will-u-s-business-registration-minimize-the-impact-of-tariffs-on-my-business\/\" class=\"h4 card-title loop-post-title mar-b-hlf mar-t-0 mar-b-0\">Will U.S. Business Registration Minimize the Impact of Tariffs on My Business?<\/a>\n\t\t\t\t\t\t\t\t\t<p class=\"mar-t-hlf\">Ongoing talk of tariffs \u2014 and the uncertainty around their scope, scale and timing \u2014 has led some Canadian business owners to think strategically&#8230;<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t<\/article><!-- #post-94294 -->\n\t\t\t\t\t<div class=\"load-more-button text-center mob-pad-t-hlf pad-t\">\n\t\t\t\t\t\t<button class=\"btn tertiary mar-t-0\">View More Articles<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t<\/div>\n\n\t\t<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:10%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:30%\">\t\n\t<div class=\"wp-block-tk-spacer id-573fc429-cee4-4841-9f8b-9e435f25e3be\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-5a42119b-8043-4850-8031-2834081479c4\" aria-hidden=\"true\"><\/div>\n\t<style class=\"advgb-styles-renderer\">\n\t\t.wp-block-tk-spacer.id-dca06480-f162-414b-bbee-0f89ba667fe7 {\n\t\theight: 64px;\n\t}\n\n\t@media ( max-width: 480px ) {\n\t\t.wp-block-tk-spacer.id-dca06480-f162-414b-bbee-0f89ba667fe7 {\n\t\t\theight: 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