There are lots of ways businesses waste money. At BDG we have worked with a number of different businesses in varying industries, so we have seen it all! Usually, we start a business with the goal of making money or earning income, but with so many different responsibilities to juggle when running a business, some money can fall through the cracks. So what money-wasters have we seen most often? We’ve… Read more
Bookkeeping can be a struggle for business owners. While some business owners have the budget to hire a bookkeeper, or engage an accounting firm to handle their bookkeeping, many simply don’t have the funds to do so. As a result, they end up doing the bookkeeping themselves (and not always well). We’ve seen a lot of issues with bookkeeping in the past, and honestly, just a general lack of… Read more
It takes a certain type of unique, iron-clad grit and tenacity to be a business owner. This is because entrepreneurs face very low odds of succeeding compared to an employee: In fact up to 90% of start-ups will fail according to Forbes.com. So what is it that the 10% of successful business owners are doing to set them apart from the rest? Here are 4 characteristics of successful business owners:… Read more
Many folks want to become entrepreneurs because they are enticed by the control over their workday, the lack of a 9 to 5, and no cap on a yearly salary. But in reality, starting a small business can be an emotional rollercoaster. It can take up to two or three years to break even for a start up, new entrepreneurs can end up working up to 60 hours a week,… Read more
Hide the stale Christmas cookies at the back of your office fridge, and throw the fake Christmas tree out of the window, it’s time for some new and snazzy ideas to spruce up your Christmas holidays at your small business office this year. Here are 5 products to ask for this Christmas for your office! 1. Grinch edition BarkBox for your office dog If you have office dogs, real or… Read more
One of the easiest ways to make big improvements in your business or life is to follow the Japanese theory of constant never-ending improvement. This means making small changes everyday which eventually produce big changes over time. For example, in your personal life, this could mean taking your office stairs instead of your elevator everyday. This may not seem like a big change to your daily life, but after a… Read more
Many Canadians who have used reproductive technologies over the past 10 years are now eligible for a tax break due to Finance Minister Bill Morneau’s 2017 budget. This will assist couples or singles who may spend into the thousands to get pregnant. A single round of In Vitro Fertilisation (IVF) can cost $10-15,000 and is generally not covered by health insurance. Add this to the meagre success rates of 20-35%… Read more
Shame. Fear. Guilt. Power. Freedom. These are some of the automatic emotions we feel about money according to motivational speaker Tony Robbins. He believes we have trained our brains to react to financial circumstances with those emotions. We make these choices unconsciously, and therefore we often select emotions that do not serve us in a productive way. If you have negative subconscious thoughts towards money, such as “I do not… Read more
Brendon Burchard, the world’s highest paid performance coach, surveyed 20,000 high performers such as athletes, CEOs, and founders to see what habits made them rank so high in their performance and found they all had these three habits in common. If you are small business owner or a person who wants to improve your performance, check out how these following three high performance habits can change your life. 1. Develop… Read more