Many times two friends will get together and come up with a great idea and decide to start a business. The intention is to be a fifty-fifty partnership. Then as time progresses this may not work out and one ends up buying the other out. The decision then has to be…
Most new businesses have a lot of expenses and low on their “to do” list is their actual marketing. First they want to get their business up and running which of course is the right thing to do. However, during the planning stages when setting the budget it should include funds for marketing. Fortunately…
Many businesses are becoming much more involved at trying to cut their business costs. Often the tendency is to reduce the number of workers so the payroll costs can be reduced. This doesn’t always work out too well because there is now a shortage of workers and productivity is reduced. Then what may…
There has been a little flurry of activity in the past week regarding the latest cut to auto insurance benefits. Whenever there is a substantial change for the worse especially there is perhaps some type of protest, but our Ontario Government usually just weathers it out and lets the dust settle. As Ontarians we have…
As an individual under the age of 30 you may have a golden opportunity waiting for you in the world of business. The Ontario government sees this age group as a viable one for investing in when it comes to their starting their own businesses. There are several different funding programs available for Ontario…
You are tired of working for someone else? You and a few friends are well experienced in the construction industry and you see that this industry is booming in Ontario. You don’t want to get caught up in the tax implications when it comes to being a sub contractor so you want to do…
There are many different sub levels in the construction industry and as such this can make the accounting responsibilities much more complicated. Most often the main construction company will hire subcontractors to fulfill various obligations of the projects that they are working on. The Main company making payments to the subcontractors has to keep…
Setting Yourself Up for Business Success: It is not too often that the new business person has all the skills necessary to run a successful business. In some cases the new business owner may know their product or service inside out, but don’t have the communication skills to sell it. Then there are others…
Many small to medium businesses as they progress need help with their financing from time to time. Many will consider equity funding. This type of funding can become quite complex and should only be entered into under the guidance of experts. These include your small business accountant and investment advisors for example. …
Getting a business to where it is successful and keeping it that way is no easy task. Even most small businesses have to rely on their front line workers to make sure the business is profitable. It costs money to run the business and this includes the cost of your employees. Naturally you want…
