Resources to create a profitable business
Tools, trends, & insights for small to mid-size businesses.
Bookkeeping Tips – Petty Cash
A petty cash fund is a small amount of cash, usually less than $500, used to cover incidentals or petty expenses. Need some postage stamps? Go to the petty cash. Stapler broken? Petty cash. Reimbursing an interview candidate who needed to pay for parking? Petty...
Get Started With Profit First: 3 Simple (and Free) Steps You Can Take Now
You’re busy and your revenues look good, but you don’t have as much leftover at the end of the year as you would like. This is a cash flow problem and there’s no other industry quite like the construction space where having a firm handle on your cash flow is as...
Is it Time to Let Go of Your Bootstraps and Get Some Help?
“86.8% of all Canadian startups make it to year 2” [source] How many times have we heard something like that? I’d like to see a statistic on how many hours of sleep new business owners lose. These kinds of things can be disheartening, but I’m here to tell you that...
4 Simple Things You Can Do Right Now to Beat Rising Costs in Your Trades Business
Inflationary pressures on our businesses (and personal lives) have been growing. Don’t despair! You aren’t completely helpless in this situation. There are things we can do as small businesses to survive, and even thrive in the midst of rising and unpredictable costs....
Is your Small Business Prepared for “Bad Weather”?
Are you struggling with cash flow issues? Is there no money in the bank at the end of the year? (even though your financial statements say there should be) Do you have unpredictable and fluctuating margins? If you've answered YES to one or more of...
9 Signs You Need to Hire a Bookkeeper
When it comes to being a business owner, finances and bookkeeping can be daunting and frustrating. You have been keeping your own books but find that you don't have the time to give them the attention it needs. Not to mention, it probably isn't your favourite thing to...
Cyber-attacks on Canadian small businesses are on the rise.
Small businesses are where most cyber criminals are focusing these days. Small businesses with fewer resources than larger companies may be more inclined to pay a hacker's ransom to get their systems back up and running or may have an intrusion go undetected until...
Does your small business need a bookkeeper?
The new year is just around the corner. Is it time to make some changes? If you're a small business owner, chances are you're dealing with your bookkeeping on your own. After all, you went into business for yourself. While many entrepreneurs enjoy the...
5 Bookkeeping Tips for Your Small Business
Bookkeeping is probably not your favourite task unless you are a bookkeeper or a fan of working with numbers. Adopting and practicing consistent good habits can help you avoid costly errors in your books. We've put together these five bookkeeping tips for you, the...