New Year’s Resolutions for Small Business Success

It’s the start of a new year, and with it the usual onslaught of New Year’s Resolutions; lose weight, save money, improve this-and-that, etc. For small business owners, the start of a new year can be the perfect time to assess and plan for the year ahead. Here are some ideas to kick start a New Year’s *revolution* for your business! Finance Yes, we’re starting with the “F” word.  Cash flow is a non-negotiable consideration for business sustainability, and January is the perfect time to craft a plan for success!  For most people finance is completely overwhelming, so here are a few easy tasks to get the ball rolling.   Year-at-a-glance budget The word “budget” is tough for most business owners.  My challenge to you is to simply take a one-page year calendar, and plot out major revenues and expenses.  Things like: Tax Payments Staff Hires/Training for Busy Season Seasonal spikes in revenue (summer? Christmas?) Equipment maintenance & replacement Here’s a sample blank calendar that I use in my own business.  This type of long-range planning can be an asset when you’re making the day-to-day financial decisions.   Financial Organization January is the perfect time to build habits that will carry you through the year! Start a filing system.  Even if it’s only a box or a dedicated desk drawer, having a single drop spot for all financial paperwork makes bill paying and tax time easier. Find a bookkeeper/accountant.  April sneaks up on us business owners and before we know it tax season is upon us! Start asking colleagues and friends for recommendations on working with a finance pro to make tax-time easier.  Resources like IPBC (Institute of Professional Bookkeepers of Canada) can be a good starting point if you’re new to your business. Open a savings account; many banks will offer this for free if you already have a business chequing. Get into the habit of using it for money that doesn’t belong directly to your business, i.e. GST collected on sales, commissions owed to staff, etc.  This helps prevent the “have it, spend it” syndrome.   Make More Money Who doesn’t want their business to be profitable, and then some?  When it comes to making money you can do two things: Increase revenue Reduce expenses Pick one thing from each category that you will commit to for this year.  Some ideas: Revenue- are you able to offer...
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7 Strategies to Survive Your Business Year-End

Is your small business prepared for the year ahead? Let The Corporate Canuck help start you on a path to success with this tried-and-true list of year end tasks to make 2016 your best year yet!

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Small Business Success Story: Hyack Interactive

Jen Arbo, owner of Hyack Interactive, is making waves in New Westminster (and beyond) with her unique blend of marketing and business services. Jen is an active volunteer in her community and was kind enough to share some great tips and strategies on surviving (and thriving!) as a small business owner.   What is your main product/service? Content Strategy and Development, and Project Management for Hire What motivated you to open your own business? Flexible hours, ability to pick and choose who I worked with, worked for my young family, and the satisfaction of owning something. What would you say is the biggest challenge you’ve overcome as a small business owner? Finding time for non-billable work. What was the best advice you’ve ever received/given? Learn how to time manage and make sure you plan for downtime. Never offer a discount – either bill at your rate or do free work. What are your top three favorite things about being a Small Business Owner? It’s all mine! Flexible hours. I get to choose who I work with and what projects I bid on or accept. If you could go back in time, what would you say to the younger you on the day your business opened its doors? Plan the operations of your business better – find your accountant before you need them, and have the systems in place to get paid before you need it. ** Want to learn more?  Check out hyackinteractive.ca for all the great things Jen and her team has to offer! Hyack Interactive is also on Twitter- @hyackint...
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How To Add An Hour To Your Day

So many of my colleagues and clients express a desire to have more hours in the day. Somehow I don’t feel this is the solution- wouldn’t we just fill it up with longer to do lists?!

I love those work days when I can shut down my computer at night and feel like I accomplished something that day- be it a complex task for my to-do list or just finally booking my dentist appointment.

We all want to make the most of our day. Check out these 6 simple ways to be a productive powerhouse.

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