Posts tagged entrepreneurship
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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Confessions of a Serial Networker: What I’ve Learned from Fellow Entrepreneurs

Early in my career I was lucky enough to be mentored by a wise business leader who shared with me a piece of advice that stuck with me throughout my entrepreneurial journey. He said whether you are a business owner, or building a career within a company, you are responsible for establishing your own “board of directors” that act as mentors.

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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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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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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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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 Sooner You Ask Your Accountant This Question, The Better

In today’s blog post I’ll be sharing a question every entrepreneur should ask their accountant. Why? Because it serves as a useful litmus test in helping to determine whether or not they’re the right person for the job – the job of keeping your small business accountable to your objectives and steering you towards (your definition) of success.

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Give Me 15 Minutes and I’ll Give You A Blueprint For Success in 2017

On one hand you’re likely catching up on any tasks you put on pause to enjoy the holidays at the end of December. On the other hand you’re busy keeping up with the day-to-day of running your business while trying to figure out how to meet the challenges of the new year head on.

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The Real Way to Transform Your Small Business Success in 2017

With another year behind us and a fresh one ahead, it’s time to start setting your small business New Year’s resolutions for 2017. Resolutions and goals can be powerful tools for small business owners. They can help you understand where you are today relative to where you thought you would be. They can help you understand your strengths and weaknesses. And they can help you determine what you need to do to get back on track to achieve the success you want.

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7 Things Every Small Biz Owner Should Do To Wrap Up 2016

With Christmas behind us and December 31st just around the corner, it’s time to tie up any loose ends from 2016 and begin looking forward to the new business year ahead. To help you wrap business up as smoothly as possible and prep for 2017, we’ve put together this end-of-year checklist for small business owners:

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Tax Tips for Writing Off Your Holiday Party

‘Tis the season of giving and spreading festive cheer! Unfortunately, ‘tis also the season of extra strain on your wallet.

But fear not fellow merrymakers! In today’s blog post we’ll be sharing a few quick tips that will help you keep more of your hard-earned cash if you’re throwing a holiday party for your small business this year. It’s our Christmas gift to all of you hardworking entrepreneurs out there!

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How to Beat Holiday Stress (If You’re an Entrepreneur)

Running a small biz is a tough enough gig on its own. Add the holiday season to the mix – with gifts to buy, family get-togethers, and Christmas cooking to do – and many entrepreneurs begin to stress out about how they’ll fit it all in… without letting their business suffer.

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Time for Your Yearly Business Health Checkup

You visit your doctor for a yearly checkup to make sure you’re in good physical shape and to catch any health problems before they become too serious. Prevention is better than cure after all. Shouldn’t you apply the same philosophy to your small business?

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