Finance
Why is accounting crucial to your success? Bookkeeping/Accounting are a critical aspect of any business, whether small or large, that plays a pivotal role in the overall success of an organization. The practice involves keeping track of financial transactions and documenting them in a systematic and organized manner. Bookkeeping serves as a foundation for making…
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Discover the 5 Reasons Why Clean Financial Statements and Positive Cash Flow Are Key Companies that have clean financial statements and positive cash flow tend to command a premium price when they are sold. Here are five reasons why this is the case: Reduced Risk: Prospective buyers are generally risk-averse and prefer businesses that have a…
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SELECTING AN INDEPENDENT FINANCIAL WEALTH ADVISOR What criteria should I use when hiring an independent financial wealth advisor? Here are some criteria you can consider: 1. Qualifications and Credentials: Look for an advisor who is qualified and has appropriate certifications. The most common certifications for financial advisors are Certified Financial Planner (CFP), Chartered Investment Manager (CIM),…
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Managing finances is an essential part of running a successful small business. However, it can be challenging, and even the most experienced business owners can make mistakes. In this post, we will discuss five common mistakes small business owners make when managing their finances and how to avoid them. 1. Not separating business and personal…
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What is the difference between deficiencies and warranty? VS Deficiencies and warranties are two related but distinct concepts related to the quality of products or services. A deficiency refers to a fault, defect, or flaw in a product or service that does not meet the expected or advertised standards. Deficiencies can range from minor defects…
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Price increases over 10%, what to do: With inflation still over 5%, labour pressures and increase costs in fuel, insurance and equipment, introducing a significant price increase to clients for their landscape maintenance contract at renewal time can be a delicate matter. Here are five best ways to approach it: 1. Provide Advance Notice: Give your…
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For many contractors, the COVID Pandemic created many opportunities and homeowners were throwing them deposits just to get their name on the project board. If you answered the telephone, you would get the job. The lockdowns also caused many homeowners to re-evaluate their houses and properties. They decided to renovate their kitchen, create an oasis…
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It is something that every business owner will need to think about. Who will run your business if you can’t? What would happen if you were incapacitated and not be able to take care of the day to day operations? How long do you think your business could operate without you at the helm? These…
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Canadians continue to feel the impact of rising prices in July as consumer inflation rose to 8.1% year over year. This was the largest yearly increase since January 1983 and up from a 7.7% gain in May. However, several input costs for contractors have increased much more than 8.1%. The July reading came as energy…
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Six Characteristics of Highly Functional & Accountable Teams How do you get everyone accountable to EACH OTHER and the CUSTOMER, and not focused on their MANAGER? Accountable people will Reassess, Re-strategize and do something different to get the desired results! Each team/company needs to go through the following process: 1. Have a clear and accepted purpose:…
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