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Blog by Fuel Accountants

Blog by
Fuel Accountants

  • Shutting down your business

    Mar 20, 2023 | Categories: Building Strategy , Business , Business Coaching , Business Tips , GST , Tax

    Blog by Fuel Accountants

      We love to focus on profit and business growth. But sometimes (for all sorts of reasons) we still need to shut down a business. This needs to be done and planned well.  It will take several months and the steps will vary based on location and situation. The following steps are designed for a Canadian incorporated business, but the general steps may be similar in other locations as well. Cease Trading. It's important to have all operations completed. If you’re still accepting orders or doing the odd job this will stretch out this process. Make sure that your website reflects your non-trading status (we recently had…

    CLICK HERE TO READ THE FULL ARTICLE »


  • Five Frogs are sitting on a log….

    Jan 10, 2023 | Categories: Business , Business Coaching , Business Tips

    Blog by Fuel Accountants

    “Five frogs are sitting on a log. Four DECIDE to jump off. How many are left? Five, because deciding is different than doing.” What is the meaning of this riddle? Allow me to state the obvious. Just because four frogs “decide” to jump off the log doesn’t mean any of them actually jumped.  Does this ever happen in your business? A decision is made to go in a certain direction, or take on a particular project. Everyone is smiling and nodding their head at the meeting. But afterwards nothing happens. Why???  Commitment. Deciding IS different than doing. Ask yourself these questions. Does everyone have: Clarity:…

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  • 6 Reasons Why You Should Raise Your Prices

    Nov 14, 2022 | Categories: Business , Business Coaching , Business Growth , Business Tips

    Blog by Fuel Accountants

    There comes a time for every small business to raise their prices. While it may seem scary, remember that it’s your job to keep prices fair, both for you and your customers. That means you have to charge prices that work for you and allow you to remain in business. Read on for six reasons to raise your prices. Your costs have grown The thing about inflation is that everyone is going to feel the pinch – including you. If your business supplies are now more costly than they were before, you have to pass those costs on. Otherwise you’re the one losing…

    CLICK HERE TO READ THE FULL ARTICLE »


  • 4 Ideas to Manage Customer Wait Times Without Hiring More People

    Oct 25, 2021 | Categories: Business

    Blog by Fuel Accountants

    Balancing customer experience against your budget is a difficult task. You need the right amount of staff working to keep customers happy, but not so many people that workers are standing around looking for things to do.

    CLICK HERE TO READ THE FULL ARTICLE »


  • 3 Tips for Working Smarter and Gaining Personal Time

    Oct 11, 2021 | Categories: Business

    Blog by Fuel Accountants

    You’ve probably heard the maxim that it’s better to work smarter than harder. Working smarter means allocating your time, energy, and money so vital tasks get done more efficiently, freeing up your personal time.

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  • 4 Things to Consider Before Expanding Your Service Offerings

    Oct 04, 2021 | Categories: Business

    Blog by Fuel Accountants

    If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams.

    CLICK HERE TO READ THE FULL ARTICLE »


  • How to Scale Your Business with Minimal Effort

    Sep 27, 2021 | Categories: Business

    Blog by Fuel Accountants

    If you want your business to grow, at some point you’ll have to think about scaling it. Scaling it isn’t exactly the same as growing it, though they are often used interchangeably. Growth refers to adding resources and increasing your revenue in a linear fashion. You...

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  • Succession Planning: A will for your business

    Sep 20, 2021 | Categories: Business

    Blog by Fuel Accountants

    The unfortunate reality is most business owners don't take proper holidays. Usually this is because their business relies on them and they don't have the support to keep the business running without them. As a business owner, have you ever considered what would happen...

    CLICK HERE TO READ THE FULL ARTICLE »


  • 5 Funding Options for Start-ups

    Sep 13, 2021 | Categories: Business

    Blog by Fuel Accountants

    Starting your own business requires enough capital so you can pay your bills until your company turns a profit Depending on the type and size of your business, you may need thousands of dollars monthly to cover overhead. If you’re wondering where to find business...

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  • 4 Ways Small Start-ups Can Take On Established Competitors

    Sep 06, 2021 | Categories: Business

    Blog by Fuel Accountants

    Starting a business means you’ll be in competition with other companies that already exist. It’s actually a good thing if you have competition to go up against. Competition pushes you to be innovative. It also means there’s an established market for your goods or...

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  • How to Build an Effective Financial Plan for Your Business

    Aug 09, 2021 | Categories: Business

    Blog by Fuel Accountants

    Every business needs a financial plan. Your financial plan gives you a way to monitor and review your cash flow, make adjustments to your spending, and anticipate any upcoming financial issues. It can also make you more prepared to request funding or find investors so...

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  • Cash Flow Advice for Small Businesses

    Aug 02, 2021 | Categories: Business

    Blog by Fuel Accountants

    Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a Capital One study found that 42% of...

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  • 3 Reasons Why Business Partners Break Up and How to Prevent Them

    Jul 04, 2021 | Categories: Business

    Blog by Fuel Accountants

    For many business owners, partnerships are an ideal way to run a business. Operating a business with a partner means you don’t have to make all the decisions on your own. It means you have someone there with you, to help you carry the burden and share ideas with. That...

    CLICK HERE TO READ THE FULL ARTICLE »


  • 3 Consequences of Avoiding Your Bookkeeping

    Jun 28, 2021 | Categories: Bookkeeping , Business

    Blog by Fuel Accountants

    If you ask 100 business owners what they like least about running a business, chances are good that bookkeeping will rank high on the list. It's an annoying and frustrating chore that takes up a lot of time and is easy to put off until tomorrow. Avoiding your...

    CLICK HERE TO READ THE FULL ARTICLE »


  • 6 Vital Money Management Tips for First-Time Entrepreneurs

    Jun 14, 2021 | Categories: Business

    Blog by Fuel Accountants

    Financial management is a vital part of running a successful business, but often entrepreneurs start their business with little understanding of how to make solid financial decisions. Managing your finances is about more than bookkeeping and paying taxes—although...

    CLICK HERE TO READ THE FULL ARTICLE »


  • Ways to Make a Difference While Making Money

    May 26, 2021 | Categories: Business

    Blog by Fuel Accountants

    Gone are the days when an entrepreneur was expected to be entirely focused on making a profit. Obviously, earning money is important to being sustainable and therefore staying in business, but it's possible to both earn a profit and make a positive difference in the...

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  • How to build a business you can sell

    May 03, 2021 | Categories: Business

    Blog by Fuel Accountants

    Many entrepreneurs start their business with the goal of earning an income for themselves, but they often think of the business only in terms of them running it. In truth, there is a huge benefit to starting a business either with the goal of selling it or at least...

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  • What to do when a business partnership breaks up

    Apr 26, 2021 | Categories: Business

    Blog by Fuel Accountants

    The start of a business partnership is an amazing time. Generally speaking, both people are invested financially, emotionally and professionally in the business. It may be stressful to start a business but doing so with a partner gives you someone to share the...

    CLICK HERE TO READ THE FULL ARTICLE »


  • Do you know your break-even point?

    Mar 22, 2021 | Categories: Business

    Blog by Fuel Accountants

    All business owners need to be aware of their break-even point — that is, the number of units they need to sell in order to cover their operating costs. Once you’ve reached your break-even point, it’s time to celebrate: your business is no longer in the red, and you...

    CLICK HERE TO READ THE FULL ARTICLE »


  • If my business is making a profit, where is the cash?

    Mar 15, 2021 | Categories: Business

    Blog by Fuel Accountants

    Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It's an important situation to address. After all, a lack of adequate cash flow is one of the main causes...

    CLICK HERE TO READ THE FULL ARTICLE »


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Recent Posts

  • Shutting down your business
  • Five Frogs are sitting on a log….
  • 6 Reasons Why You Should Raise Your Prices
  • 4 Ideas to Manage Customer Wait Times Without Hiring More People
  • 3 Tips for Working Smarter and Gaining Personal Time
  • 4 Things to Consider Before Expanding Your Service Offerings
  • How to Scale Your Business with Minimal Effort
  • Succession Planning: A will for your business
  • 5 Funding Options for Start-ups
  • 4 Ways Small Start-ups Can Take On Established Competitors
41A Bay Street, Petone, Wellington 5012, New Zealand
105-55 Albert Street, Markham, ON L3P 2T4, Canada
10319 SE 15th Street, Suite 100, Vancouver, WA 98664
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Copyright © 2023 - Fuel Accountants. Powered By Webware.io
Fuel Accountants
Copyright © 2023
41A Bay Street, Petone, Wellington 5012, New Zealand
105-55 Albert Street, Markham, ON L3P 2T4, Canada
10319 SE 15th Street, Suite 100, Vancouver, WA 98664
PRIVACY POLICY
COMMON FILES
Join our mailing list
Copyright © 2023 - Fuel Accountants. Powered By Webware.io
  • Home
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