We know it’s not exactly the most thrilling aspect of Canadian small business sometimes, but keeping accurate financial records is important. 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 for a Canadian business in 2023? In Canada,…
Many entrepreneurs run home-based businesses. These self-employed entrepreneurs work alone, or have a few employees. Home-based businesses usually don’t have a storefront, street advertising signs or customer parking. Home-based entrepreneurs, despite the name, may have an office, studio or workshop, depending on their business. This sort of business has several upsides, including greater schedule flexibility, no dress code, potential savings on expenses such as childcare,…
It’s the start of a new year, and if you’re like many Canadians, you might have decided to start a small business in 2023. Congratulations! But wait – not so fast. We know it’s exciting to finally start your small business, but there are lots of things to figure out beforehand. Here are some things that, in our years of educating entrepreneurs, we’ve identified as…
The end of another year already! We wanted to share some of our favourite 2022 blog posts, that we hope will be helpful going into 2023: Why create market segments? How can you help your business stand out? How do you communicate trustworthiness in your business’ marketing? Which social media platform should your small business choose? 5 virtual networking tips
Another year is drawing to a close, and whether this means a busy or slow time for your small business, it’s important to look back at your year and plan for what’s coming next. 7 ways to wind down your year in entrepreneurship Review your 2022 business goals. What worked well and what didn’t? In 2023, do more of what worked in 2022, and evaluate…