A healthy cashflow means that a business has sufficient cash to pay its bills, you can reinvest in your business and you can create a financial buffer for any future […]
“Financial Management” for Small Business
5 Essential Rules for Choosing an Accountant for Your Small Business
Running a small business, although ultimately rewarding, can also be challenging at times. It is difficult to be great at every part of running your business, which is why developing […]
Short on Cash? 4 Ways to Improve Your Cash Flow
In today’s business scenario, managing cash flow has become one of the most crucial challenges experienced by small business owners. Many of them often get so busy selling their products […]
5 Reasons a Bookkeeper Can Save You Money
If you’re a small business owner, chances are that you’re a fan of the do-it-yourself lifestyle. After all, you went into business for yourself. But while many small business owners […]
GST and PST: How to Register Your Small Business
Most small businesses in BC will have to register for GST and PST to become tax-compliant, but where do you start? In this article, we’ll cover the basics of GST, […]
3 Ways to Maximize the Cash Flow Efficiency of Your Business
While the financial health of your business is not always determined by the amount of cash you have on hand, having cash available is crucial to your business’ operations. Operating […]
What Financial Literacy Can Do for Your Business
Testing Financial Literacy In the early 2000s, university researchers around the world became very active in financial literacy research. In one early study, three very basic questions about interest, inflation […]
The Dangers of Discounting for Service-Based Business Owners
As consumers, we are conditioned to looks for deals, and when a sale happens, we jump on it. By creating scarcity – a way of limiting the availability of an […]
3 Financial Questions Every Business Owner Should Ask
Reviewing your company’s cash flows, budgets, and balance sheets may be the last thing you want to review as a business owner. However, proactively reviewing your financial statements is essential […]
Understanding Financial Statements
Taking time to read your financial statements might not be the most exciting part of running your own business, but they are a key reporting tool that help you understand […]