Planning a Profitable Summer?

Well people, the moment we have been all waiting for is fast approaching. Summer is at our door step. For many, summer means long days spent with the children, on a patio sipping on a cold beverage, attending concerts (hopefully this will be a reality soon) or just dialing it down for a few months while the sun is shinning. But for some of us, it means that this is the season of opportunity. Summer gives rise to so many great seasonal business ideas from landscaping to wedding planning.

I remember helping out my friend one summer while on summer break from university. The company provided her with a business model and some pricing strategies. She worked so hard this summer – working long hours and learning how to be an entrepreneur. We were well into my favourite season when she approached me and told me that her take home pay was not what she had expected.
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It is highly likely that if she had access to a bookkeeping software and some friendly advice that we would have noticed her shrinking profit margins was due to her pricing strategy and we could have righted the ship before the season was nearing its end.

An expert can give you proactive advice so that you do not end up working harder than you have to and can answer many of your questions.

Do I need to charge GST? How much should I charge? What do I need if I want to hire an assistant? Are they an employee or can I pay them as a contractor? What types of tips do you have to keep my financial affairs in order? If you are looking at starting your own business this year, please consider getting expert advice on how your books are doing. After all, you are great at what you do and we are too. Contact us for more information.