This month, we will look at the forth challenge we faced in our business. If you’ve missed any of the previous articles, you can click on any of the three previous challenges below to read the details: Cash flow issues/Undercapitalization of your business No investment in a proven pipeline for new business Shallow dialogue with…
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Update on the July 18, 2017 Tax Proposals – What We Know and What We Don’t Know
As most of you know, sweeping tax proposals were made by the federal Liberal government on July 18, 2017 that had some of the most significant changes to the taxation of Canadian private corporations since the early 1970′s. Following a dramatic and strong negative reaction to these proposals from tax practitioners, taxpayers and the business…
Our Top Five Challenges In Running Our Business – Part 3 of 5
We are back this month looking at the third challenge we faced in our business. For those that have not been following, below is the list of the top five challenges we’ve been discussing over the last couple of months: Cash flow issues/Undercapitalization of your business No investment in a proven pipeline for new business…
Involved in the Sharing Economy?
As most of you know, our sharing economy is growing at a much faster pace and our Government is trying to play catch up and looking for ways to bring in the tax revenues that go unreported by many involved in the sharing economy. Earlier this year, CRA released a tax tip reminding those involved…
Our Top Five Challenges In Running Our Business – Part 2 of 5
Last month, I highlighted the following top five challenges we faced in our business: Cash flow issues/Undercapitalization of your business No investment in a proven pipeline for new business Shallow dialogue with our clients Lack of differentiation in the market place Fear or reluctance to take risks or try new things We discussed item #…
Are you focused on “Return on Life”?
Two weeks ago, I was at a seminar and had the opportunity of listening to a presentation by Mitch Anthony, author of “The New Retirementality: Planning Your Life and Living Your Dreams…at Any Age You Want”. For me, it was a great presentation as it aligned completely with my thoughts and ideas around retirement. Return…
Our Top Five Challenges In Running Our Business – Part 1 of 5
Last month, I provided the heart breaking stats on the survival rate of small businesses. As a fairly new business start-up, we faced and continue to face similar challenges. As we mark our 5th year in business, I want to highlight the top 5 challenges we faced in our business and some of the steps…
The Story of Ralston and Doreen – Small Business Owners, Collateral Damage?
Summer has drawn to a close, the children are settling down in school and university, and Ralston and Doreen are preparing to implement the new menus in the restaurant for the last four months of the year, to ensure that they meet the sales and profit targets set at the beginning of the year. Doreen…
How Good Is Your Chance To Survive Another Year In Business?
Stats show that the longer you stay in business the worse your chances of survival, at least for the first 10 years in business. According to the Bureau of Labour Statistics in the U.S. about 80% (four-fifths) of businesses with employees will survive their first year in business; about 66% (two-thirds) of businesses with employees…
TOP 10 REASONS WHY YOU MAY BE PAYING TOO MUCH IN TAXES
Whether you like it or not, taxes affect all of us. In fact, it is probably the biggest household expense (assuming you have a decent job or business), yet most people do nothing to manage their taxes. Here are top 10 reasons why you may be paying too much in taxes: Lack of periodic tax…
