By Naomi Wilkins
The Canadian
Entrepreneur's
Guidebook
The Essential Guide On What You Need To Know And Do Before You Start A Business!
About the book
Running a business is exciting — but
Running a business is exciting, but you need to be intentional with what you do, or it will begin to run you!
"The Canadian Entrepreneur's Guidebook" is the essential guide on what is most important for you to know and do as you begin your business. It provides practical advice so that you can avoid the common and costly mistakes often made by new business owners, and gives insight on how the business works so that you can feel confident that you are doing what you need to do to lay the strong foundations for a wildly successful business!
Learn the difference between Incorporated and not Incorporated, how you are taxed, how sales tax works, how to reduce tax and avoid audits and penalties, as well as practical advice on how to manage your paperwork.
Also included is an overview of financial reports and how to read them, checklists to help keep your business on track, and an appendix of explanations that will empower your business to not just survive, but to thrive!
Written to be succinct and to the point, it's all the things that are a MUST to know when starting and running a business in Canada!
Why this book exists
Better described as all the things that business owners haven't known that has caused them stress and cost them money. If I had a Tardis I would go back in time and send them to this book! And that was exactly my inspiration for creating it!
(Now I need to figure out how to build a Tardis...)
What readers are saying
Verified purchases on Amazon
"A must read for any start up businesses no matter how small! There is no better time than now to start a new business, and this book gives you the knowledge to do just that. It helps you understand the complex tax concerns without being complicated! It gives you the guidelines to have a successful business. This book gives you steps that really work! If you have just begun your business and finding it stressful and money consuming, this book helps to get you back on track and how your business can actually thrive!"
"Quick read with lots of information. The author also has a class on Udemy, for those who don't like to read."
Get your copy
Ready to build your business on solid ground?
Everything you need to know — concise, practical, and built for Canadian business owners.
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Inside the book
Table of Contents
Control Your Business or it Will Control You
- Information is Power
- How do we Keep in Control?
Understanding What a Business Is
- Corporations Vs Non-Incorporated Businesses
What You Need to Keep Track of and Why
- Why do we Keep Track of all These Totals?
- Keep It Real
- Dates are Important
- Cash Accounting Vs Accrual Accounting
- An Explanation of Double Sided Accounting
- Why Should You Care
GST/HST – Sales Tax
- The Difference Between Income Tax and Sales Tax
- Why GST/HST is special
Accuracy and Efficiency Enables Your Business to Thrive
- What Expenses Can a Business Claim?
- Efficiently Tracking the Precious Data
- Don't Mix Dirt Into the Data
- A Note on Receipts
Get the Right Tools and Use Them Correctly
- Questions to ask When Choosing a Bookkeeping Software
- Third Party Addons and Synchronization
Practical Tips on Paperwork Management
Setting Up the Systems and Processes
- Tips to Create the Routines
- Changing Systems is Easier than Changing Behaviors
- Get it Checked, Consider Passing it On
The Financial Reports
- Income Statement and Balance Sheet Explained
- How to Read the Reports
Bookkeeping vs Accounting
- Create and Use Your Team Efficiently to Increase Your Success
- Words Words Words
Now What?
Appendix
- An Explanation of the List of the Standard General Ledger Accounts (the Totals)
- Mixed Used Expenses
- Assets Explained
- CRA Business Number Explained
- How to Use Bank Feeds
- Example Monthly Checklists
- Starting a Business Research Checklist