As a Kelowna business you may be experiencing some fierce competition with a small population to rely on for sales and revenue. The appeal of quickly establishing yourself in the market by pricing low can be quickly dispelled by the reality of its many downsides.
I do not personally believe price should be the primary factor that distinguishes you from your competition. Some industries don’t have a choice so it is inevitable that there will be a few exceptions.
How Are You Going To Be Different?
Differentiation is what you need to be working on. When I say differentiation, I’m… Continue reading
Despite the insanity that the New Year brings every Kelowna accountant, or any accountant really, it’s truly an exciting time with the prospect of a great year ahead filled with success, growth and a clean slate. Stats have shown about 45% of people usually set New Year’s resolutions with only 8% actually achieving them.
Although I would love to give a deeper philosophical outlook on growth for 2012 this article is about sharing a few great tips that will get you on track for a bigger bottom line at the end of the upcoming year.
Remember Your Receipts
Don’t… Continue reading
We’ve all had them. That one client or customer that has your staff running to the bathroom as soon as they spot them pulling in the parking lot. They may mean well but nonetheless they could be driving you and your staff crazy.
These types of situations are never fun and can really put you between a rock and a hard place. You know that your gut is telling you that the fit isn’t right but the cheques are still arriving on time so the client must be happy, right?
As a business owner, you are well acquainted… Continue reading
Small business people would be doing themselves a huge favour at tax time by becoming what I call ‘receiptaholics.’ If you become a receiptaholic, then at least you have the backing to deduct something if it can be claimed as a business expense. I don’t pay for anything in cash because cash receipts get lost and don’t get deducted. I pay for everything with a credit card so I have documentation of what I’ve spent money on. That all being said, you can easily find… Continue reading
Does it feel like you have “hit a ceiling” when it comes to ideas on how to grow your business? Have you reached a comfortable position with your business but perhaps now you’re ready to push it to the next level?
Every business is different but there are some ways to grow your business that are applicable in EVERY industry.
Creating Strategic Alliances
Strategic alliances are very important for your business and the key to building them is to be a great match. When I say you need to be a match, “1+1=2” is NOT good enough. When you think… Continue reading