How to Evaluate Your Business Idea

By | June 20th, 2021|Business, Business Coaching|

How do you evaluate your business idea? The fact that you're asking this before jumping into business is a great sign. Many entrepreneurs start their business on a whim only to fail a few years later. While it’s impossible to guarantee that your business will succeed, taking the time to evaluate your business idea before opening your doors to customers will give you a boost when it comes to making sales.  Four Ways to Evaluate Your Business Idea There are endless ways to evaluate your business idea. This post will focus on four. Two of these ideas focus on you, the [...]

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What is Business Coaching?

By | February 24th, 2021|Accounting, Business Coaching|

If you're an entrepreneur there's a good chance you've heard about business coaching, you know a business coach, or someone you know has worked with a business coach. But do you know what this service is and how your business can benefit from it? There are all kinds of business coaches. A business coach can help you with anything from clarifying your vision for the business to running its day-to-day operations. The coach you hire and the services you need depend on you, your business, and your goals. Business Coaching Benefits The benefits of working with a business coach are as [...]

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Why Don’t You Love Your Business Anymore?

By | February 14th, 2021|Accounting, Business, Business Coaching|

Remember when you first started your business? You were so excited about it that you were constantly telling people about it, and you jumped out of bed, eager to start your day. But somewhere along the way, that excitement turned into a sense of obligation. Right now, you don't love your business, you wish you could get a break from it.  This is totally normal, and happens more often than you think. Many entrepreneurs start their businesses with a lot of hope and positivity. Once they see all the things that go into running a successful business, they realize it’s much [...]

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New Year Resolutions for Your Business

By | January 5th, 2021|Accounting, Business, Business Coaching|

The start of a new year is often when business owners take stock of what went well during the previous year and what they'd like to improve during the upcoming year. Many people make New Year's resolutions for personal habits such as eating better and saving more money, but it’s fun to make new year resolutions for your business too. 4 New Year Resolutions for Your Business Here are a few things we commonly hear our clients saying they'd like to do differently as part of their new year resolutions for business. Open those brown envelopes from the Canada Revenue Agency [...]

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How to Rock Your Annual Accounting Review

By | October 10th, 2020|Accounting, Business Coaching|

First of all, at Virtual Heights Accounting, we recommend your accounting review be more often than annually. A bi-annual check-in is much more efficient. Reviewing your business tax and accounting records at mid-year, gives you time to see how your year is going and plan for any changes, such as paying more tax than the previous year.  If you’ve never had an annual or bi-annual accounting review, there are many advantages to doing so, especially if you’re considering changes in your business.  What is an Annual or Bi-Annual Accounting Review? An accounting review—whether it's annual, biannual, or something else—is where you [...]

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Creative Entrepreneurs in the Face of COVID-19

By | April 9th, 2020|Business, Business Coaching|

Creative entrepreneurs are coming out of the woodwork in the face of COVID-19. Life as we know it has changed dramatically. But that doesn’t mean your business has to close. Things are challenging now, but the entrepreneurial life is one that’s always been full of challenges.   Entrepreneurs in many different industries are pivoting so they can continue working. Here are some examples we love. Eat-In to Delivery With government requirements still in place to remain socially distant, businesses that rely on social activities have been forced to close. But that isn’t the case for all businesses in the entertainment industry.  Many [...]

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Top 3 Goals for Your Business in 2019

By | January 1st, 2019|Business Coaching|

Happy new years! As we embark on a new year, it is a great time to reflect but also to gear up to make a difference in 2019. If you are looking to make a difference in your business in 2019. Take a look at these top recommendations to start your goals and planning on the right track. Goal 1: Automate For every task you do, you should think, how can I automate this? Yes – it will require up front WORK but the time saved will result in more time you can devote to earning $. A few of my favorites [...]

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Why churn rates and burn rates don’t matter unless you use what you know and how to do that

By | November 19th, 2018|Business Coaching, Technology|

As the head of an accounting firm, I talk a lot of about KPI’s in my day-to-day dealings with clients. But I meet a lot of clients who are just really gearing up for growth and financing who tell me stories about having to google what a KPI “Key Performance Indicator” even is. So this blog is all about KPI’s. KPI’s are great but there is no reason to track them if you are not going to use them. It is like having a mountain bike that sits there taking up space. If you want to get in shape you have [...]

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Five Reasons Your Start-Up Needs a Part-time Virtual CFO

By | July 19th, 2018|Accounting, Business Coaching|

I work with a variety of clients, who may have great bookkeepers, but their operations grow beyond that of basic bookkeeping. If you have a fast-growing business or have large aspirations, there are five main reasons you should consider having a part-time CFO. Keep fixed costs low - cash flow is always an issue for every start-up or small business. Hiring a part-time CFO allows you to keep your costs low and scale your services as you scale your business. Not only will you save on the salary (including source deductions and benefits) of a full time CFO but you also save [...]

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A Quick 4 Minute Strategy Exercise

By | April 21st, 2017|Business Coaching|

A quick 4 minute strategy exercise for your small business. It goes quick so be sure to have a fast pen handy. I have included a print out here please print before starting the video: Blog 17 The 4 Minute Strategy Exercise   Good luck! https://youtu.be/yorc43zncx0 Virtual Heights Accounting is a CPA and Business Coaching firm. We provide business coaching consulting services to small and medium sized businesses. We focus on strategy and process automation. To learn more about our business coaching services contact Alissa Bryden, CPA, CA, MPAcc, BComm directly at alissa@vhaccounting.ca.

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