Posts tagged business success
Year in Review: How to Measure Your Successes to Make Way for New Ones

January represents a chance to start anew. To turn over a new leaf and go back to the drawing board with fresh perspective. So far, 2019 is the most successful year you’ve ever had—but in order to maintain that course, you have to measure the successes you experienced last year.

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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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3 Ways Small Business Owners Can Embrace Ontario’s Minimum Wage Increase

Changes to Ontario’s workplace laws have been the source of fury for many small business owners recently. As of January 1st, the province’s minimum wage increased to $14 per hour—up from $11.60—with an additional dollar increase due in 2019. A lot of small business owners seem to view this increase as a hit to their bottom line, with many grappling with the idea of raising prices, or cutting staff in order to balance the books.

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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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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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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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There’s No Charge to Chat On Cloud 9

What challenges are you facing in your small business? I’m not just being polite, I’m genuinely interested and would like to know. Why? Because here at Blue Sky Accounting & Management we like like young, dynamic, idea generation.

We’re here to help you push your differentiation and be a part of your success as an entrepreneur who’s excited about what you do.

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How I Became a Serial Entrepreneur

The route to entrepreneurship isn’t always a clear cut path. I was 16 when I started my first business, but back then I never dreamed I'd be building a career as a serial entrepreneur. That first business was more born of necessity than a passion: I wanted a cool car and I needed money to buy it.

But my family had just moved to North Carolina and I had the wrong kind of visa so I couldn’t work. Faced with this dilemma I borrowed an old truck and lawn mower from a neighbour and contributed to the teenage underground economy by starting my own landscaping business.

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The ABCs of Accounting for Small Business Owners

While not everyone has the opportunity to study finance and accounting, an entrepreneur needs to possess knowledge of all aspects of their business to ensure its continued success. Even if you’ve outsourced your accounting or have a bookkeeper on staff, it’s still important to be aware of basic accounting terms and concepts so you understand what you’re reading when the next financial report lands on your desk.

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5 Signs It’s Time to Hire a Small Business Accountant

Maximizing productivity and profitability are important goals for any small business owner, no matter what stage of growth your company may be in. But if you’re just beginning your entrepreneurial journey, time and money are likely two resources you find yourself especially in short supply of. Hiring an accounting professional can help on both of these fronts and will be well worth the investment in the long run.

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Why We Value Substance Over Style Here On Cloud 9

Spend enough time in business and inevitably you’ll come across some people who place style above substance when it comes to whatever they’re selling. These types are experts at wowing you through the sales process, but then often fail to back up their flashy pitch with the promised results when it comes time to deliver.

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Big or Small, Blue Sky is Here for Your Business

There are big small businesses and there are small small businesses. That may sound like a bit of an oxymoron, but allow me to explain. There are over 407,000 small businesses in the province of Ontario, which is defined as any company with between one and 99 employees, according to Statistics Canada. Depending where you are in that range, your small business accounting needs can vary drastically.

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The Ugly Truth About Stress and Entrepreneurship

Stress is an inevitable part of the entrepreneurial life. In small doses it can be a helpful motivator to meet important deadlines, prepare for a big meeting, or just generally “get shit done.” But when stress becomes an everyday constant it can begin to negatively affect both your health and your business in serious ways. One of the ugly truths about entrepreneurship that doesn’t get enough attention (in my opinion), is that stress hits small business owners harder than most.

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