Posts in Accounting
5 People You Should Talk to Before Starting a Business

Entrepreneurs are born with inquisitive minds. All great businesses ventures start with a bold idea; a solution to a problem no one else has dreamt up, or a better way to tackle it. It’s likely an idea that has been rattling around in the back of your mind for some time.

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How to Pay Yourself as a Small Business Owner

One of the biggest questions every small business owner faces is a self-indulgent one: How much should I pay myself? And while most entrepreneurs recognize that running a small business isn’t all about the profit, we all have bills to pay and that requires an adequate income.

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5 Ways to Give Your Small Business a Spring Cleaning

Spring represents a time of renewal—a welcome opportunity for small business owners to shake off the winter and embrace what’s ahead. As you know, we’re not just your ordinary Newmarket accountants; we’re about so much more than taxes and compliance.

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Assessing Your Company’s Financial Performance Ahead of Tax Season

With tax season hot on our heels, many business owners are turning to their accountants for a better look at their financial performance. We all want to see how we are doing before paying our taxes (after all, profits must be made for taxes to be paid), but this is a great time to go over what your goals were in the last year and take your current performance goals into consideration.

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4 Goals Every Small Business Owner Should Set in 2018

Goal setting is one of the most powerful tools in a small business owner’s tool belt. This practice not only helps you see where your business is today, but puts into perspective where you thought you might be. It helps identify strengths and weaknesses. It helps push us forward and spark new, innovative ideas.

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3 Tips on Fostering Community for Small Business Success

Small business owners have always known the importance of fostering community. In the last few years, however, ‘community engagement’ has come to mean managing your online relationships. In my final blog post of 2017, I want to talk about engaging your local community – the people whose homes you build or the customers who walk into your store every day.

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6 Tips for Getting Started With Succession Planning for Small Business Owners

Succession planning isn’t the most glamorous topic to think about—it certainly takes the wind out of the young! The end of your involvement in a business is a reality of starting one, so succession planning is something to start thinking about early on. Well begun is half done! Here are six things you need to know about succession planning for your small business:

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What to Expect When You’re Expecting (to Expand Your Business)

We’ve all said it: “My business is my baby.” Like children, businesses grow and eventually you’ll find yourself looking for a village to help you out. Expanding your business—either out of demand or a desire for more time to yourself—is a challenging process.

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Do You Have What It Takes to be an Entrepreneur?

Entrepreneurship isn’t for everyone – mostly because people fail to be honest with themselves. Your biggest priority as a business owner is to look in the mirror and know your strengths and weaknesses. Once you can do that, the rest is just a matter of strategy.

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How to Take Advantage of the Off-Season to Grow Your Business

Periodic slow downs and lulls in revenue are normal in any business, but clearly seasonal industries have one key advantage: they can prepare for it. The keys to successfully navigating seasonal fluctuations are planning ahead and making use of the lull in activity to put systems in place that will help your grow your business.

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4 Things I Would Have Done Differently When Starting My Business

In my first two years as a business owner, I felt like I had achieved an MBA in everything I didn’t know. It was about as expensive, I learned a lot, and became humbled by all of the things that I had yet to learn. Based on my experience as a small business owner, here are four things I would have done differently when I was starting out:

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3 Questions to Ask When Assessing Your Business Progress This Summer

There’s nothing special about summer when you’re a business owner. Now, hear me out: people who work for someone else look forward to weekends and vacations. For business owners, a week never ends – it’s just a perpetual string of time because you’re always working. Sunshine and double-digit temperatures don’t change that! With that said, now is an exciting time to assess our progress towards our goals because we tend to meter our time in terms of a calendar year. In the summer, you can figure out where you’re going in the next six months by taking stock of where you’ve been over the last six.

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Introducing “Cloud 9”, Blue Sky’s Entrepreneur Stress Management Program

Is your small business burning you out? Falling behind on your bookkeeping and feeling overwhelmed? Feeling guilty about working long hours and not spending enough time with your family? Don’t despair! Blue Sky’s new Entrepreneur Stress Management Program, “Cloud 9”, is just what you need! It’s guaranteed to help you reduce stress, age slower, and extend your life! Sign up today by calling 289-466-5210!

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Time to Plan for Summer Success

While summer is still officially a month away, the recent long weekend already has me dreaming about picnics in the park, lazy days by the pool, and fun with friends and family in the sunshine. As Canadians, we only get a few short months of nice weather each year and it’s important to make time to enjoy them. But as a small business owner it can be tough to balance a busy summer schedule with everything else that needs to get done.

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5 Tips for Effective Small Biz Networking

“It’s not what you know, it’s who you know…” It’s a phrase I’m sure you’ve heard countless times before. That’s because when it comes to finding new customers, growing your top line, and building your small biz brand, who you know is still one of the most important parts of the equation.

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Laid Off? Maybe It’s Time to Turn Your Passion Into a Business

If you’ve ever been laid off from a job then you know how stressful it can be. Aside from the obvious worries—like making rent and paying off your bills—being let go is often accompanied by terrible feelings of self-doubt and uncertainty. But instead of seeing the situation as a door closing, what if you viewed it as a new chapter beginning? What if you could seize this opportunity to have more control over your own destiny? What if you could turn your passion into a business?

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