When you are just starting your own business, the number of decisions to be made can be overwhelming. Your accounting system is just one of them.
Your start-up will go easier if you have access to resources and guidance along the way.
This web site has a few resources to help you out with the bookkeeping side of your business. Here is a sampling.
2. You need to make decisions about how you are going to handle and file all of the paper and records that goes along with having a business. I give you a few options to consider in Simple Suggestions to Get Organized With Your Recordkeeping.
3. Take time to read my Tax Planning Opportunities series so that you don't miss out on any tax deductions.
5. The Practice section of this website has articles to help you with the day-to-day tasks involved with bookkeeping.
6. If you decide to hire a bookkeeper, you may want to check out my article on How to Supervise Your Bookkeeper.
But if it's just general, all round starting your own business questions or you are wondering how to get your business number (tax registration number) ...
... there are a lot of good government sites dedicated to starting your own business now ... making it easier than ever to get the information you are looking for.
In British Columbia, we have One Stop BC business registry.ca and Small Business BC.ca. Both these sites have lots of good information and are a valuable resource.
Other provinces in Canada have similar web sites. You reach them through the Canadian federal government site - Canada Business.ca. At the very bottom of the page, you will see the links (flag icons) to all the provinces and territories.
Canada Business is dedicated to helping entrepreneurs find information. There is an Interactive Business Planner and Business Start-up Assistant you should check out. They also have a Canada Small Business Financing (CSBF) Program.
In the United States, check out Small Business Development Centers located in each state. Another resource ... the U.S. Small Business Administration has partnered with SCORE, a non-profit organization that provides yoou with business training and advice from volunteer business owners and executives.
1. The Scotia Bank has a great site for starting your own business called Get Growing. You can find it at getgrowingforbusiness.com. It's well worth a visit. While you are there, make sure you take a look at My Tools and their featured articles.
2. ... but what if you want a more personal touch? DonnaLynne MacDonald's Home-Biz-Help-Desk.com focuses on direct selling, MLM, and growing an online business. There is a lot of information geared to starting your own business.
One page I liked has some great pointers to help you decide whether you have the right personality for a home business ... better to find out before you've invested oodles of time and money!
You'll also find a great page to help you avoid internet scam business opportunities.
3. Another a web site I have found is run by a former CPA. It's called How to Start a Business Guide.com.
When you visit this site, you will find A Step-by-Step Business Startup Guide. On the home page, there are specific steps to follow (linked to detailed instructions) to maximize your business startup success. While visiting the site, make sure you check out " Your Goals ". This link ...
... takes you to a goal setting evaluation matrix. What a simple method to help clarify and equalize all those ideas floating around in your head!
This site gives you access to the vast knowledge of a CPA (for free) who has hands on experience in running his own successful businesses. By the way, I don't get anything by referring you to this site ... I just like it and I thought I'd share my discovery with you. :O)
The site is US based, but you should be able to adapt the information to Canada where necessary.
4. You might also want to visit Steve Pavlina's website Personal Development for Smart People.
There are two articles that might interest you ... 10 Stupid Mistakes Made by the Newly Self-Employed and 10 Reasons You Should Never Get a Job. The first article has practical advice. The second article might help get you over the hump when it comes and you are thinking of giving up.
Oh, if you are just starting your own business in Canada, don't miss this tax planning opportunity ... ... and remember, if you run across a bookkeeping question and have no where to turn, let me help you through my service - Ask a Canadian Bookkeeping Question. I am committed to educating and supporting work from home business owners ... just remember, you do have a resource available when you need help with your bookkeeping questions.