Free consult & free copy of book

E-Myth – “Why most small businesses don’t work & what to do about it”

Contact Us

Stars

Most 5 star CPA Google reviews in Canada

Read Reviews

Chartered Professional Accountants E Myth

1 Fixed Monthly Fee - Planning | Accounting | Taxes | Consulting

Helping Canadian businesses beat the odds!

Business Bootcamp | Bootcamp Knowledge

There are many ways for small business owners to reap the benefits from attending a business bootcamp.

One of the ways is that you will learn about retaining a good bookkeeper and staying away from the bad bookkeepers. Ideally, it is extremely advisable to hire and work with a bookkeeper. In fact business professionals say that is it is absolutely a necessity for business owners. The reason for this is because business owners will be pulled in many different directions and will need to make many different decisions often on a daily basis. If you work with a proper bookkeeper, that could bookkeeper can keep you away from making poor decisions or mitigate the damage if in fact you do happen to make one. As well, business bootcamp will teach you the bookkeepers are wonderful at keeping all of your records and files in order as well as submitting all of your financials, such as year and month end reports into the Canada revenue agency on time so as you don’t and for a penalty. These are all the things that a business bootcamp can teach you

It can, however, be really hard to look for a great bookkeeper. You may consider diving into your network of people both business and professional and personal. Take a look at your network and talk to people who have worked with bookkeepers in the past to see if they have any referrals for you. Bookkeepers are very busy and potentially finding a good one might be very difficult. Talk to everyone that you know and maybe they can help you in retaining a proper bookkeeper when you attend a business bootcamp, all of the small business owners may be able as well to give you some advice.

Be aware of what a bad bookkeeper looks like and what his tendencies are. Let’s say for example you make a bad business decision and you lose money. That bad bookkeeper will not be able to give you advice to maybe we collect some of that lost income or may not be able to give you advice on how to save your business. Bad bookkeepers as well do not have references and potentially happened work for small business before.

You may be able to ask your accountant for help with your files and your books. But, accountants are budget-driven. If there’s a lot of disorganization within your files in your bookkeeping your accountant, who costs more than a bookkeeper, will be spending too much time doing data entry and organizing the books instead of actually working on the file and it is not a cost-effective way for you to run your business. As well, a bookkeeper should be able to save you from you using those computer programs that say it is easy to do your taxes or files. Those programs are in fact a wonderful start however you need a professional to finish them off or potentially even be able to save you money.

A business bootcamp is essential for small business owners to attend as there are many hints and great ideas that you can bring into your new business to save your time, money, and alleviate stresses. When you and Roland a business bootcamp their goal is to see you succeed, for the long term.

One of the things that you will learn is is a wonderful idea to retain a bookkeeper. Have that bookkeeper on your payroll as soon is the idea for you comes in owning a small business. That way the bookkeeper knows the budget you are working for and with and knows your goals, your expectations, and your dreams. The bookkeeper will be able to formulate a plan of attack for you in securing a small business and potentially a brick-and-mortar building, and can work with you every step of the way with taxes, employees, etc.

Business bootcamp suggests you have a discussion with your bookkeeper and that you have retained about how the book should look and how they should be maintained. In the business bootcamp, you will learn that you should get at least quarterly if not daily updates if this update never comes is probably nothing that is getting done to your file or it’s getting done in a rush or it is is organized. When the timelines of the reports and drill into your adjusting journal entries.

Business bootcamp will show you that is not necessarily a good idea to reliant just anybody to do your financials for you is not just a matter of plugging expenses and revenue into a computer calculator program, contrary to what the computer software companies have you believe the automate software is a fantastic start, but ideally you need a professional to help you see the full we to the end.

A business bootcamp will teach you that it is an absolute necessity to retain and higher bookkeeper for all of your business, tax, and filing needs. Ultimately in business, the success or failure depends on decisions. If you are not warned about making a poor decision by your bookkeeper then that could ultimately mean you will lose revenue or altogether the failure of your business. You need to know your numbers, sometimes when you way to do your year in financials that may not be in time or in order. When the decision has to be made midyear even though your financials look great and are in wonderful order, all of that information may potentially be too late for you to make a proper decision and your numbers will be all wrong and skewed. Those poor numbers might cause you to make poor business decisions or make a financial decision when you don’t have the funds.

It can be very tough as well to find a professional bookkeeper. Good ideas would be to look at referral networks or someone who has a networking team with a lot of experience behind them.