The Right Tools For The Job: Tools & New Businesses

New business owners face a host of challenges, but the most pressing is usually this: you only have so much money to grow your business, and to get more money, you need your business to grow. This means you have to spend wisely in the first few months of going into business, which might mean you avoid purchasing software or … Read More

How Is A Company Valued?

  Determining the value of a company is incredibly difficult and there’s no one right way of doing it. One reason it’s hard is because there are so many moving parts to a company – assets, liabilities, revenue streams, stakeholders, etc. Another reason is because value is inherently subjective; a woodworking company is worth far less to me than it … Read More

How To Save For Your Child’s Education

There is solid evidence that getting post-secondary education is one of the most valuable investments you can make in yourself or your child. There’s no doubt that some degrees lead to better returns than others, but the evidence is very clear that having a degree is one of the most consequential factors in what your lifetime income will be. With … Read More

Do You Know How To Invest In Yourself?

We invest in all kinds of things – rental properties, the stock market, startups run by friends and family. Being able to invest in financially viable enterprises is a wonderful thing, but there might be one thing that’s even better: being able to invest in yourself. Now, it’s true that whenever you’re invested in a project that you think will … Read More

Profiting From Your Lease

There’s an idea in property investment that you should always buy and never rent. On first glance, there’s a lot to be said for this idea – ownership is generally a lot more profitable than leasing because when you’re done with whatever you’ve purchased, you can sell it, often for a profit. That said, there are certainly some advantages to … Read More

How To Keep Your Employees Motivated

  Let’s get something out of the way. This is not going to be a post where I tell you to buy your employees a pizza lunch every once in a while, or “7 Tips to Improve Employee Morale”. We’re going to take a hard look at employee motivation, what it means, and what you can do to improve it. … Read More

Social Media Marketing On A Budget

online marketing, social media marketing, small business analysis

In 2018, an estimated 2.65 billion people used social media and that number is slated to grow. 60% of Canadians spend time using social media, and over 80% have purchased something online. When you crunch these numbers, it becomes obvious that you need to have a social media presence in order to grow your business. Not everyone has an enormous … Read More

Should I Incorporate? The Pros & Cons Of Incorporating Your Business In 2019

  Among the many choices you’ll face as a business owner, the decision to move from a sole proprietorship or partnership to a corporation might be one of the most impactful. Those who make this move are usually already doing a lot of business or trying to accelerate their growth with private or public investments. There are advantages and disadvantages … Read More

How to Protect Your Data During Online Transactions

The landscape for businesses of all types has rapidly shifted in our digital age and more and more of our financial transactions are occurring online. As a business, it’s essential for you to safeguard your data – as well as your customers’ – when you’re transacting online. In this age, you have to be operating on the digital playing field, … Read More

The Expense of Managing Accounting Yourself

man holding his head in front of a computer surrounded by stacks of paper

Owning a business involves confronting a never-ending conundrum – should I hire someone else to do it, or should I do it myself? Broken down further, the decision is between the cost of spending your own time to complete an activity and the money lost performing an activity outside of your area of expertise, or the money gained by having … Read More