Small Business Tips and Advice

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Who exactly is an entrepreneur?

Saturday, December 7th, 2019

What Is Entrepreneurship? Entrepreneurship has been defined in various ways over the last several hundred years. The French word entreprendre, meaning “to undertake, to do something,” was in use as early as the 12th century. Three hundred years later the corresponding noun “entrepreneur” developed, and referred in English terms to a merchant or an adventurer. […]

Most important accounting records for a small business in Canada

Saturday, November 30th, 2019

As a Canadian entrepreneur, you must keep accurate financial records of all activities for your company for six years. Along with your financial statements (balance sheet, income statement, and cash flow forecast), you’re required to keep records for all the individual accounts that make up those statements. What accounting records do I need to keep? […]

How to figure out your small business’ start-up costs

Saturday, November 23rd, 2019

The first type of cost you have to estimate are your start-up expenses, the one-time expenses you need to incur before you make your first sale. Start-up expenses are onetime capital (big money) expenses and monthly operating expenses. One-time capital costs might include purchase of initial inventory, purchase of equipment or furniture, improvements to your physical space, development of a website and deposits and fees.

Getting your small business ready for year-end 2019

Saturday, November 16th, 2019

It might not seem true, but we are nearing the end of the year (and the decade)! While you’re thinking of holidays and preparing for shorter days, you can also get your small business ready for year-end. Getting your small business ready for year-end in 2019 (Some of these tips assume a December 31 fiscal […]

What makes a good marketing strategy?

Saturday, November 9th, 2019

The 4Ps of marketing – Product, Price, Promotion, and Place – were classified by E. Jerome McCarthy, a marketing professor from Michigan State University, in 1960. But are the 4Ps still relevant and useful for small business owners? What should your marketing focus on? Product Today, customers are rarely looking for just a product – […]

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