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Visionary Tips for Business

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The Joy of Missing Out

Posted on 10 February, 2014 at 9:10 Comments comments (0)

Small business owners are some of the busiest people and we often become overwhelmed with all the networking, maketing and information opportunities available to us.

I could easily fill my week with webinars, networking lunches and evening seminars and still worry that I mave have "missed out" on something great . :/

Greg McKeown, the author of "Essentialism: The Disciplined Pursuit of Less" speaks to "the fear of missing out" (or FOMO) in this excerpt of one of his posts from LinkedIn.

"Here are five hacks you might consider, to move from the fear of missing out to the joy of missing out.

Hack #1 Just because you can do both doesn't mean you should do both.

Next time you are invited to an event or meeting when you already have something catch yourself when the thought crosses your mind, “I will do both.” When you do, stop, pause and pick one of the choices. Even though you might actually be able to fit them in, discipline yourself to still pick one. At the end of the day, reflect on the tradeoffs you made and what this resulted in.

Hack #2 Just because you committed doesn't mean you can't uncommit.

Look at each commitment on your calendar for the next few weeks. Ask “If I wasn’t already involved how hard would I work to attend?” If the answer is “not hard at all” then ask to be released from your commitment: “I know I said I would be at this but I think I spoke too soon.”

Hack #3 If you want to add a new commitment get rid of an existing one.

Establish a new rule: if you want to add a new activity you need to edit out an existing activity. This simple rule ensures you don't add an activity that is less valuable than something you are already doing. Hold tightly to this idea if you are considering setting up any regular or repeated commitment and think long and hard about all the things you would have to give up in order to take this new thing on.

Hack #4 Just because you did it last time isn't a good enough reason to do it again.

Not every successful event has to become an annual tradition. Sometimes, well-intended activities add up overtime and become a type of schedule scar tissue. There is something noble in declaring something the first and last of its kind. Make the memory, then let the memory live on rather than the tradition. Allow space to make new memories. Then allow those too to lapse without creating a burden on your future. We need to put an expiration date on once-good-but-now-burdensome-activities.

Hack #5 When you think, "Wouldn't it be great if..." Just stop.

A friend was just telling me of an idea someone had to wear the same color t-shirts at an event they were planning. Soon this turned into buying exactly the same t-shirt for everyone. Then it became creating branded t-shirts (with all of the graphic design and ordering that go with it). It became a time and money stress as the idea grew out of all proportion and, in the process, no longer fit for purpose. Playing with ideas and new projects is great but give yourself permission not to pursue all of them. Go for simplification instead of aggrandizement.

I think we have been oversold the idea of more and undersold the idea of less.

Instead of adding more out of a vague fear of missing out, we can choose to subtract a few meetings, events and overstuffed traditions. In the process we may quietly revel in the new found joy of missing out."

Just Get Started

Posted on 3 February, 2014 at 11:20 Comments comments (0)

Don't let over planning stop you from making your plans become reality.

This week, start that project you have been putting off.

I would love to hear about what you accomplish.

Happy New Year to the brave

Posted on 3 January, 2014 at 17:05 Comments comments (0)

Quote of the Day

Posted on 5 November, 2013 at 13:30 Comments comments (0)

C3 - The New Hybrid Business Model in BC

Posted on 4 November, 2013 at 16:10 Comments comments (0)

What's a C3 ???

  •  A Community Contribution Company 
  •  a first in Canada
  • a hybrid business model

What's a C3 for ???

  • to encourage philanthropic investors to invest in social enterprise
  • to put a strict cap on the dividends that can be paid out to shareholders ( the maximum is 40% of profit)
  • to bridge the gap between for-profit businesses and non-profit organizations

This is an exciting new oppurtunity for entrepeneurs with a passion for social enterprise and BC put it together first in Canada !!!

"As a hotbed of social enterprise activity, BC is an apt province to roll out such an option"  Stacey Corriveau, Executive Director of BC Centre for Social Enterprise.

Want to know more?

Check out the BC government's press release  and the Social Enterprise Canada Website.

Selling Online & Finding Your Way Through the Sales Tax Maze in Canada

Posted on 28 October, 2013 at 17:25 Comments comments (0)

One of my clients contacted me last night about how to charge the correct sales tax when she sells products online.

She lives in BC but most of the info applies to all provinces but it is confusing no matter where you live in Canada!!

 

So here's the simplified version on what taxes to charge:

 

Assuming you are selling goods that are taxable AND you are registered to collect GST and BC PST:

 

- If the order comes from the US and you ship the goods to the US – no taxes :)

- If the order comes from and is shipped to BC – 5% GST and 7% PST

- If the order comes from and ships to Alberta, Northwest Territories, Nunavut or the Yukon – 5% GST

- If the order comes from and is shipped to Ontario, New Brunswick, Newfoundland and Labrador – 13% GST

- If the order comes from and is shipped to PEI – 14% GST

- If the order comes from and is shipped to New Brunswick – 15% GST

 

Here’s where it gets complicated: :roll:

 

Saskatchen, Manitoba and Quebec all have their own PST rules and regulations and you are supposed to register with each of these provinces and collect and remit taxes if you are selling and shipping to those provinces.

 

Lots of extra paperwork and your only out is if your goods are considered non-taxable in that province – and it is different in different provinces

 

Below is the link to each of those provinces official info on their sales tax.

 

Saskatchewan - http://www.finance.gov.sk.ca/taxes/pst/

Manitoba - http://www.gov.mb.ca/finance/taxation/taxes/retail.html

Quebec - http://www.revenuquebec.ca/en/entreprise/taxes/tvq_tps/

 

Get help if you need it to figure this out, you can't afford to get it wrong when it comes to taxes.

 

 

 

 

Tax Audit Preperation and Videos for Promoting Your Business

Posted on Comments comments (0)



Have you thought about using video to promote your business?

Check out Rick Haaland at Eflexonics Studio. We made this video at the studio in Abbotsford and Rick is so much fun to work with.  Check out his site for more info, but first watch the video!!


                  

AUDIT PREPARATION: THINGS YOU SHOULD KNOW


 



 

AUDIT PREPARATION: THINGS YOU SHOULD KNOW


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