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Showing posts from August, 2013

Why hire a bookkeeper?!

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    Our clients all have one thing in common – they are too busy being successful to handle their own paperwork. Many of them intended to do their own books but good intentions ended up with a pile of messy papers that kept staring them in the face and causing them stress. As their fiscal year ground on the pile got bigger and the stress got worse. Then we stepped in for a few hours a month and put everything in order and relieved that stress for them. We condensed invoices, receipts and other financial paperwork down to a few short reports that helped monitor progress and growth, showed real profits or losses and aided in planning for the future. We have had clients literally hand over bags full of mashed up papers and beg us to tell them if they are making any money. These people are BUSY! They don’t have time to sit down and sort through paper and figure out software and how to post entries. Set up a General Ledger?! Forget about it! We set up the bo...

5 Steps for Goal Setting and Achievement

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We've all done it. We've all set out to do something important - to conquer mountains big and small. Maybe it was a life long dream, or maybe it was something new and we were just discovering the true breadth of our passion for it. And we've all felt those dreams slip away only to be revisited years later when we realized there hasn't been any forward movement on them. Here are 5 steps to help you make and reach your goals: 1. Make sure it's actually a goal. Not every idea that pops into your head is a goal. In order for it to truly be a goal it must pass the "SMART Test". S  – Specific (or Significant). M  – Measurable (or Meaningful). A  – Attainable (or Action-oriented). R  – Relevant (or Rewarding). T  – Time-bound (or Trackable). If your idea passes the "SMART Test" then you are safe to treat it like a goal and move on to the next step. 2. Make sure it's what you really want. Once you've decid...

What is a small business?

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What constitutes a "small" business  is not always easy to define and can vary greatly between countries. In Australia it is defined as less than 15 employees, less than 50 employees in the European Union and less than 500 employees in the wholesale sector  according to the U.S. Small Business Administration but  500 to 1500 employees in the manufacturing sector. In all cases, to be considered small the business must be privately owned and for profit. Small businesses are more common than we might think. They often take the form of convenience stores, bakeries, delis, hairdressers, tradesmen, lawyers, accountants (and bookkeepers :) ), restaurants, B&Bs, photographers and online businesses. Small businesses are often confused with and in some cases may overlap in definition with "entrepreneurships". (Stay tuned for an upcoming article defining entrepreneurship.) Canadian small business stats Industry Canada, using data from Statistics Canada, divides...

Just do it!

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I've been debating starting a blog for some time now... But I couldn't decide what I wanted to blog about. I have so many interests: gymnastics, cooking, yoga, dance, fitness, motivation, travel. The list goes on. I could easily start a blog on any of those things. So I kept trying to decide (I like to plan things before I do it) and then it occurred to me... I'm spending all this time debating what to blog about instead of actually blogging! That seemed the most ridiculous result of all!  So I decided to just do it.  I love business, business planning, corporate literature, economics, small businesses, entrepreneurship, all of it! I have a few jobs, all of which I love in their own way. One of them is running and working for a company I own with my mom and business partner, Lynnette. She started the company many years ago and I always worked extremely part time for her. A few years ago we renamed the company Taylynn Bookkeeping  and became partners. We've been slowly e...