Small Business Tips

Small Business Tips Unlike more generic business tips you will find online, our small business tips are heavily shaped b

10). Track Your Mileagebusiness-mileage-tips-2One of the easiest tax credits to take advantage of is the deduction of yo...
18/06/2022

10). Track Your Mileage
business-mileage-tips-2One of the easiest tax credits to take advantage of is the deduction of your mileage. If you do any driving for your business, you can write this off on your taxes.

9). Get an AccountantA certified public accountant (CPA) can really help spare you from financial headaches. An accounta...
18/06/2022

9). Get an Accountant
A certified public accountant (CPA) can really help spare you from financial headaches. An accountant can be used to literally maintain your books throughout the year, or just at the start of the year to file your taxes.

In between, meeting with an accountant, much like a lawyer, will help to give you guidance on how to approach certain things.

Currently, we use a CPA to file our personal and business taxes. It’s just something we’re not comfortable to do by ourselves, so we pay someone professional to do it!

8). Pay Your Taxes Quarterlysmall-business-tax-tipsPaying taxes is one of the funnest parts of owning a business. If we ...
18/06/2022

8). Pay Your Taxes Quarterly
small-business-tax-tipsPaying taxes is one of the funnest parts of owning a business. If we could avoid this, we absolutely would. Unfortunately, it’s not possible. As your business grows, you become liable for even more tax payments, and the government will be awaiting its payment

7). Spend on Marketing WiselyAny time we need to spend our hard earned money, we do a lot of research to make sure we ar...
18/06/2022

7). Spend on Marketing Wisely
Any time we need to spend our hard earned money, we do a lot of research to make sure we are actually going to get some benefit. Marketing costs are normal and associated with any business. Some areas where we have spent money on marketing include:

6). Know Your CompetitionEvery small business will face competition. Unless you are one of the first companies on the sc...
18/06/2022

6). Know Your Competition
Every small business will face competition. Unless you are one of the first companies on the scene of a never-before-seen industry, kind of like MySpace was at the advent of social media, you are not going to be the only player.

As photographers, we’ve knew going into our business that we work in a highly saturated industry. Pretty much everyone is a photographer these days.

5). Stick to Any Rules You Set for YourselfSmall business owners are prone to breaking their own rules time and again. A...
16/06/2022

5). Stick to Any Rules You Set for Yourself
Small business owners are prone to breaking their own rules time and again. As we just talked about setting business hours as a way to really set some baseline expectations with people interested in doing business with you, that’s a good area to continue thinking about.

Business hours provide one simple “rule” for you to live by. Your working time is spent during these hours. Your personal time happens outside of them. By not allowing these to cross, you are creating space for yourself to breath. You are allowing yourself to be healthier too – as we all need down time.

4). Set Business Hoursbusiness-hour-tipsWhen we go to a local hardware store, we know they are only going to be open for...
16/06/2022

4). Set Business Hours
business-hour-tipsWhen we go to a local hardware store, we know they are only going to be open for business between 9AM and 9PM.

Having business hours makes you so you can have time that you can take off for your personal self. If you are running a store or providing a service like us, we all know the work doesn’t stop just because the doors close. But! You can use limited business hours to help with scheduling more taxing parts of the business such as meeting with clients.

3). Schedule Out Your Work DayOne of the easiest ways to get organized in practice is by scheduling out your day.This ca...
16/06/2022

3). Schedule Out Your Work Day
One of the easiest ways to get organized in practice is by scheduling out your day.

This can be as specific or loose as you want it to be.

Below are 2 different work day schedules we commonly see in our business. Please note, these are simplified as well 🙂

Work from home day. These are days where all of our work is being done at home. This normally comprised of photo editing, accounting, phone calls with clients, putting together wedding photography timelines, and so on. Basically – 95% of the things require us to sit in front of a computer.

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