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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Last-Minute Filing Tips for Today’s Tax Deadline

The tax deadline day is today! Haven’t filed yet? Don’t fret just yet, there’s still time to get your return filed and avoid any costly late fees and penalties. Here are a few things to keep in mind if you’re scrambling to file your return last minute this year.

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We’re Here To Save You Time and Money This Tax Season

It may not be the most exciting task, but accounting is an important ingredient in any small business’s recipe for success. And while this holds true all year round, it’s even more crucial when it’s time to crunch the numbers come tax season. If you feel like you’re fumbling through expense reports and financial statements to put your tax return together then it’s time to pick up the phone and come join us on Cloud 9. Here’s why:

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I’m Self-Employed, What Kind of Tax Return Do I Need To File?

Tax season has officially arrived. If you haven’t already, it’s time to start organizing your financial records and gathering up all those expense receipts in preparation of filing your return. If you’re newly self-employed you may be asking yourself which Canadian Revenue Agency tax forms you need to file to make sure you stay on the right side of the tax man this year.

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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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Tax Break Tips for the Self-Employed

With tax season quickly approaching, it’s time for Canadians to start organizing their receipts, invoices and financial records in preparation of the April 30th deadline to file income taxes. If you’re self-employed, you actually have a little more time to prepare. Self-employed individuals (and their spouses) have until June 15th to file with the Canadian Revenue Agency. Just keep in mind any tax balance owing from previous years is still due on or before April 30th.

But just because you have some extra time to file doesn’t mean you should delay getting started on your paperwork. As a self-employed person in Canada, you benefit from a number of potential tax deductions not available to your 9-to-5 salaried counterparts. Why not use this extra time to prepare and take full advantage of them?

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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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