Blog Archives

Canadian Industry Statistics: How do I Compare?

The Government of Canada provides analysis and detailed information on economic indicators using the most recent data from Statistics Canada on the website, www.ic.gc.ca/eic/site/sis-sic.nsf/eng/home.  This website can help small to medium sized businesses understand the dynamics of their industries.  Users can focus on a single industry over time or compare one industry against another.

Data is segregated based on the North American Industry Classification System (NAICS) code.  Within each specific NAICS code is detailed financial performance data.  Such data includes, for example, average gross margins, detailed breakdowns of expenses (e.g. repairs and maintenance, labour, professional and business fees) as a percentage of revenues, and certain financial ratios (e.g. current ratio, return on total assets).

Consider using this site to compare your costs as a percentage of revenues to other Canadian companies in your industry.

*** As published in the 2016 Fourth Quarter edition of Tax, Tips & Traps***

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Money Coaches Canada event: “55 and Up! Embrace the Future”

The amazing people at Money Coaches Canada are hosting the following event:

55 and Up! Embracing the Future

When: October 2, 2016 8:30am to 5:00pm
Where: YWCA, 535 Hornby St. Vancouver, BC

Rev up your health, your money, your relationships, your confidence, your style and even your love life! Learn how to ride the roller coaster of change with courage and confidence. A great event. And one we are very proud to support. Our own Karin Mizgala will help participants gain skills and confidence to handle their finances for a comfortable future.

For more information on this event and to register please visit Money Coaches Canada’s website.

Your Money Map Workshop November 8th with Money Coaches Canada

November is Financial Literacy Month and this is a great reminder of the many benefits that come along with getting organized with your money; less debt and stress, clarity on your goals, how to measure your progress toward them and better communication with your spouse to name just a few!

MCC_Logo

Your Money Map will help you get organized and show you the way to financial peace of mind.

Space is limited and the deadline for registrations is November 3rd so sign up now to avoid disappointment!

Your Money Map
Create a financial road map to your goals!
Do You…

  • Make a good income but feel financially stuck in a rut
  • Feel ready to take your next steps in building your financial knowledge
  • Want a practical system to manage your money and plan for your goals
  • Want to be DEBT FREE!

Join us and you can expect…

  • A full day of learning and DOING!
  • A personalized Money Map that includes:
    • ✔A Personal Goals Statement
    • ✔A Net Worth statement
    • ✔A Spending and Savings Plan
    • ✔A Debt Management Plan
  • A functional system to stay on track, money information, tools and tips in plain language!
  • Clarity on your Next Steps…

When: Saturday Nov 8th 9:30 am – 5:30 pm with optional post workshop support & 1 follow up session on Saturday, December 6th, 2014 from 10am – 12pm
Where: 425 West 8th Ave Vancouver
Cost: $275 per person for workshop only, $375 for workshop and follow up

$425 couples for workshop only, $575 for workshop and follow up

Click here to register

“Your Money Map” workshop hosted by Money Coaches Canada (MCC)

MCC_LogoMoney Coaches Canada (MCC) is hosting a workshop based on their new book!

Your Money Map

Create a financial road map to your goals!

Do You…

  • Make a good income but feel financially stuck in a rut
  • Feel ready to take your next steps in building your financial knowledge
  • Want a practical system to manage your money and plan for your goals
  • Want to be DEBT FREE!

Join us and you can expect…

  • A full day of learning and DOING!
  • A personalized Money Map that includes:
    • ✔A Personal Goals Statement
    • ✔A Net Worth statement
    • ✔A Spending and Savings Plan
    • ✔A Debt Management Plan
  • A functional system to stay on track, money information, tools and tips in plain language!
  • Clarity on your Next Steps…

When: Saturday July 12th 9:30 am – 4:30 pm
Where: 425 West 8th Ave Vancouver
Cost: $275 per person / $425 couples

For more information and registration, check out MCC’s website.

Why Your Personal “Beacon Score” Matters When Financing Your Business

Have you wondered about the status of your personal credit score?

Small Business BC has an interesting article about your “Beacon score”

Snippet from the article:

What’s a Beacon Score?

The beacon score is one of two measures on a credit report, and it’s a summary of how an individual has used credit in in the past. The report shows all the outstanding credit facilities (such as bank loans, credit cards, lines of credit and car loans) that you have, and how well that you’ve kept up with repaying those loans. It also shows the total available credit, and lists all the places where you have inquired about getting credit (such as at a car dealership, or by inquiring about a cell phone plan).

Small Business BC has a number of helpful and easy to understand articles on a variety of topics.