Starting a business on your own can be both rewarding and challenging, especially when it comes to productivity. As a solo business owner, time management is crucial. It can be difficult to stay motivated and productive when you’re working by yourself. It can be hard to stay productive and find the right work-life balance as a solopreneur.
When you're self-employed, it's important to have a financial buffer or emergency fund. This emergency fund will give you something to fall back on in case of unexpected expenses or income interruptions. But how much buffer should you have?
Wondering if you need a bank account for your business? Is it worth it? We'll review the reasons why you should open a self-employed business bank account in Canada.