Archive for the ‘Small Business BookKeeping’ Category

Governments Help Students In Trades Success In Business

Wednesday, November 23rd, 2011

Well this is some good news.  It’s nice to the government step in and try to help people who want to make a difference in the world.  I’m sure they’re not doing it to be nice guys.  They know these young kids will start companies and end up employing their voters.  Good stuff to read about anyways:

 

On behalf of the Honourable Gail Shea, Minister of National Revenue, Mr. Robert Goguen, Parliamentary Secretary to the Minister of Justice and Member of Parliament for MonctonRiverviewDieppe, joined the Honourable Martine Coulombe, New Brunswick Minister of Post-Secondary Education, Training and Labour, today in a visit to the Dieppe campus of the Collge communautaire du Nouveau-Brunswick (CCNB) to promote the Trade School Initiative. This educational pilot project, being launched simultaneously today in New Brunswick, Ontario and British Columbia, was developed through a federal-provincial-territorial partnership to help students become informed tradespersons in the construction and renovation industry.

“Our government believes in equipping the entrepreneurs of tomorrow with the tools they need to succeed. This initiative will help them be fiscally responsible, adopting good business practices as they embark on their career in the trades,” said Mr. Goguen. “It is important to educate students on their tax entitlements and responsibilities, as well as the pitfalls of participating in the underground economy.”

The initiative provides relevant information on tax credits and financial resources such as the tradesperson’s deduction for tools, the apprenticeship incentive grant, and the apprenticeship completion grant. The information and resource-based Web site (TradeLinks.ca) also has links to career opportunities, bookkeeping, employee rights, and employer responsibilities. Other provinces and territories may participate in this initiative in the future.

“This initiative is a unique gateway to government information and resources developed exclusively for trade students,” said Minister Coulombe. “I encourage all students to make use of this essential business tool.”

CCNB President and Director-General, Liane Roy, added that “TradeLinks.ca is a student’s next step on the journey to becoming a reputable business person or to successful employment.”

“This is a great tool for student success and leadership,” also added CCNB President and CEO Marilyn Luscombe. “For those who are serious about entrepreneurship in the construction and renovation industry, TradeLinks.ca is a necessity.”

See the Original Story here



Increasing Business Process Efficiency

Wednesday, November 16th, 2011

In order for your business to deliver the highest possible levels of service and maximise its revenue, you need to ensure that your business processes are as efficient as they can possibly be. There are several things you can do in order to improve process efficiency as well as systems – such as CRM software – that you can make use of in order to help achieve your goals. Read on to find out more.

Company-wide solutions
If you are serious about increasing your business process efficiency then one of the most important things you can do is to implement a company-wide solution.

Of course, different aspects of your business might need slightly different action taking as their focuses will be different – such as HR and sales, for instance – but any action you take should be coordinated and integrated to have the best effect. Otherwise, you may find that your attempts at greater efficiency start to disintegrate as they are not comprehensive enough.

It can be a good idea to use a decent CRM system to help you when you are drawing up your new efficiency processes; CRM software can help you coordinate actions and provide a means through which you can administer and update what goes on in your business, as well as review the success of what you have done.

Regular revision of plans
Another good reason to make sure you have CRM systems in place is because it’s important to regularly revise your efficiency strategies. As you no doubt know, businesses don’t stay the same. They evolve, they take on new customers and cast off old ones. They discontinue old services and start new product lines.

Therefore, changes in your business need to be reflected in your processes. For instance, what is your marketing strategy for launching a new product? Is it as streamlined and simple to understand as possible? Using a CRM system as a central management tool can help here, enabling you to create timetables for action and amend plans as you need to.

Focus on customers
Of course, all CRM solutions have one thing in common – the customers. If you focus your business on the customers, it will make you more attuned to their needs and what they are looking for from you. Whether this requires greater face-to-face time with them or better analysis of your data will depend on your business, but if you place an emphasis on customer satisfaction, it will encourage you to develop efficient processes for service that will hopefully also benefit the rest of your business.



Do You Need Small Business Insurance?

Wednesday, August 10th, 2011

This isn’t really accounting related but it kind of is when you think about it.  As an accountant you’ll likely have small business clients.  Even if you do the accounting for them you can offer them more advice (and maybe even get a commission on the small business insurance).

So if you want to learn about small business insurance, watch this video and at least you’ll have a good idea of what is involved.