A Beginner’s Guide To Starting A Small Business

Starting a business of your choice can be exciting as you finally get to do something you love and make all the big decisions. However, many entrepreneurs spend more time thinking about the product or service and less time managing cash flow which could have a detrimental effect on the business.

So, to ensure you cover all bases, Darren Bruce, CPA, Professional Corporation, has put together a beginner’s guide to starting a business. Through this guide, you will feel confident about launching your enterprise.

Getting Started

Create a business plan: You must set a solid foundation by planning strategies and forecasting how your business will survive in the short term.

Plan for contingencies: While every entrepreneur gets into business hoping to make money, there are many pitfalls. So always plan for the worst-case scenario.

Next Steps

Hire professionals: You should have an experienced lawyer and accountant ready to answer your queries. They should satisfy any doubts you may have.

Stay compliant: Ensure you don’t lose sight of GST/HST, payroll, personal, and corporate income taxes. It will help you stay in the good books of the Canada Revenue Agency.

Advice From The Pros

Take your time: Try to do everything right from the beginning, as you don’t want to be dealing with frustrating administration tasks later down the line.

Look for experience: Reduce stress and save time and money by hiring Bruce Accounting. We are always here to help!

Get in touch with us today!

At Darren Bruce, CPA, Professional Corporation, our goal is to exceed your expectations. As the go-to experts in St. Catharines, Ontario, for all accounting needs, you can feel confident about building your business with us. We specialize in accounting, bookkeeping, payroll, tax planning/ preparation, and financial planning.

Visit our website to learn more, or contact Darren Bruce, CPA, Professional Corporation, today Please call 
(289) 438-2003, or email us at info@bruceaccounting.com.