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How to Know if You Need an Office for Your Business (and How to Make the Most of a Lease if You Do)

How to Know if You Need an Office for Your Business (and How to Make the Most of a Lease if You Do)

by Bionic Chartered Accounting | Jan 4, 2023 | Business

“In business, you don’t get what you deserve, you get what you negotiate,” Chester Karrass, Founder of Seminar group Karrass. At some point, around halfway through the pandemic, experts began to whisper that office space was dead. “No one will be using an office...
The Why and the How of Annual Price Increases

The Why and the How of Annual Price Increases

by Bionic Chartered Accounting | Nov 29, 2022 | Business

“Pricing power is important in business. You want your business to have the ability to raise prices as needed, especially with regard to inflation.” (Hendrith Vanlon Smith Jr) It is imperative that businesses increase their fees, rates or product prices annually by at...
Simple Communication Tips to Boost Your Profitability

Simple Communication Tips to Boost Your Profitability

by Bionic Chartered Accounting | Nov 29, 2022 | Business

“Communication is a skill that you can learn. It’s like riding a bicycle or typing. If you’re willing to work at it, you can rapidly improve the quality of every part of your life.” (American business speaker Brian Tracy) Successful communication can...
What is the Metaverse and How Will It Impact Your Business?

What is the Metaverse and How Will It Impact Your Business?

by Bionic Chartered Accounting | Nov 29, 2022 | Business

“Metaverse isn’t a thing a company builds. It’s the next chapter of the internet overall” (Mark Zuckerberg, Meta) Among businesses, one of the most misunderstood aspects at the moment is ‘The Metaverse’. Businesses that do understand this new phase of the...
Selling Your Business – Plan Well, with a Tax Benefit When You Retire

Selling Your Business – Plan Well, with a Tax Benefit When You Retire

by Bionic Chartered Accounting | Oct 27, 2022 | Business, Tax

“A diligent buyer will want up to five years’ worth of profit and loss statements, bank statements, tax returns, leases, supplier and vendor contracts, and customer data.” (Barbara Findlay Schenck – Author “Selling Your Business for Dummies”)  The reasons why a...
Business Loan or a Credit Facility – Which Is Right for Your Business?

Business Loan or a Credit Facility – Which Is Right for Your Business?

by Bionic Chartered Accounting | Oct 27, 2022 | Business, Financial

“I would borrow money all day long, if the cost of borrowing is less than the expected return.” (Brad Schneider, American congressman) At some point it’s more likely than not that your small business will require a business loan. A 2021 study done by Fundera (a...
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