It’s every entrepreneur’s worst nightmare: a failed business. Unfortunately, that “nightmare” is all-too-common a reality for new business owners, as evidenced by a 2019 study showing that 11 out of 12 startups fail. Put another way, your chances of succeeding as an entrepreneur are a little less than one in 10. Ouch! Of course,…
Generally speaking, entrepreneurs do NOT like competition! And can you really blame them? As a business owner, competition makes things a lot more… let’s just say… challenging. But what if that’s not necessarily a bad thing? In fact, what if (bear with us here) the challenges brought on by competition lead to better products and…
Every so often, a new tool comes along that revolutionizes the way we do business. Right now, that new tool is augmented reality (AR), and it is taking the retail industry by storm. “We are expecting a lot more businesses to utilize AR for their products and businesses—so much so that it will become…
Have you ever purchased something—whether that be a car, a TV, or a computer—only for it to turn out to be a total dud? That regrettable outcome could have very well been avoided had you practiced what is known as “due diligence.” In a general sense, due diligence refers to the process of exercising…
FOMO. If you haven’t seen the acronym before, it stands for “fear of missing out.” And when it comes to e-commerce, every brick and mortar store should have FOMO. That’s because, as the latest statistics show, e-commerce accounts for approximately 18% of all retail sales worldwide. In other words, if you operate a brick…
They say that knowledge is power, but in the world of taxes, it’s more like knowledge is money! Take it from us. As professional accountants, we’ve seen small business owners lose out on thousands of dollars in tax breaks because they didn’t know they could deduct certain expenses. We don’t want to see that…
Did you know your bookkeeper can be one of your greatest assets when it comes to growing your business? And yet, so many business owners underutilize their bookkeeper because they view bookkeeping as a means to filing taxes. But it’s time to change that perception once and for all, because as we’re about to…
As a small business owner, you have a lot on your plate. Not only are you the CEO, you’re also the head of marketing, finance, sales, customer service, and human resources. With so many responsibilities to juggle, it’s easy to let bookkeeping fall to the wayside. And that’s understandable—to an extent. After all, there…
If you’re a foreigner looking to get your hands on a U.S. credit card, you’re in luck. In recent years, U.S. banks have made credit cards a lot more accessible to non-citizens. That’s the good news. Ready for the bad news? There are a lot of predatory banks out there looking to exploit foreigners…
Having worked with numerous business owners in various industries across the globe, we can tell you exactly why every company is looking for professional bookkeeping services. Simply put: because doing your own bookkeeping is a pain in the you-know-what. And there’s scientific evidence to prove it! A TD Bank survey of more than 500 small…