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When planning to start a new business, one of the first questions you ask yourself (and hopefully your accountant) is at what point are you going to start making money. One simple way to determine this is to calculate the breakeven point, which is the point at which your sales (revenues) equal yo Read More

As cloud computing gains in popularity, the availability of online accounting software continues to grow. Many small business owners want a software that has an intuitive and easy-to-use interface that allows them to bill customers, enter expenses and check their bank balances,. We also want to Read More

Many business professionals, whether they charge hourly or by project, want a more efficient and accurate method to track and bill time. This is especially important when you are on the go as you may not have access to your time tracking software. The iphone has been a boon in this regards in that it provides a plethora of time tracking apps. The problem, of course, is that finding the right app can be an overwhelming and confusing process. I have selected 3 popular apps, all under $10, for review Read More

The decision to incorporate is one that most small businesses face at some point in their lifetime. Incorporation, literally, represents the creation of a new person. Whereas a sole proprietorship is an extension of one's self, a corporation takes on a life of it's own; it can give birth to subsidiary, marry via a merger and die with a dissolution. It has to file it's own tax return, can be sued and has a set of rules that govern it's existence. Below are some of the points to consider when deciding whether to incorporate Read More

In January, 2010 Revenue Canada extended Employment Insurance benefits to self employed individuals/small business owners. The following represents some of the key details Read More

Perhaps the most daunting aspect of starting a new small service based business is building a client base. On the other hand, there is nothing quite so exciting as getting those first few clients. Read More

3 things to consider when pricing small business services. The article looks at projected earnings, competition and differentiation Read More