Be That Business Newsletter #9: Three Business Hacks; Checklists for the win!

I often talk about Brain Bandwidth, and how we all only have so much Brain Bandwidth available each day.
Each item you try to remember, each decision you need to stop and make, they take up some of your Brain Bandwidth that could better be used somewhere else in your business.

Using your Brain Bandwidth wisely enables you to be more productive and efficient. One of the best ways to do this is with Checklists! Take the weight off your brain and put it on a list! Not only do you now have more Brain Bandwidth for the rest of your day, you also are making sure you're not forgetting anything important.

The more important a process or procedure is, the more important it is to have a checklist. Lives are saved because of the pre-flight checklists that airline pilots use and the checklists that surgeons use in the operating theatre.

Your business may not be a life or death situation, but it IS important, and you need to leverage the amazing benefits of checklists to #BeThatBusiness that Thrives!

This month's Hacks are three great places you can use Checklists For the WIN!

A business is a series of systems and processes that produces predictable results. The more you systematize, the more you THRIVE!

​3 Business Hack:

1. Use a Checklist when starting a business – Have you remembered to register your business name before opening your bank account? You can't start a business bank account without one! Have you remembered to set up your "Just for business expenses" credit card? It's the easiest way to track all of your business expenses as you get started! Do you need to learn about your industry's regulations? What are the sales taxes that the products you sell subject to? Do you have to register for WCB/WSIB? And don't forget to get Business Insurance! SO MUCH TO REMEMBER! Wouldn't it be great if someone created a checklist? GREAT NEWS! I did! You can download my "Ultimate New Business Research Checklist" from my website!
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2. Use a Checklist When doing your bookkeeping – Have you entered all the expenses? Reconciled all the accounts? Entered the unpaid bills? Download the "Example Monthly Bookkeeping Checklists" from my website, and modify it to your needs!
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3. Use a Checklist to make sure you've paid what you need to each month - Have you paid your Payroll taxes? Your GST/HST? Do you have to pay Income Tax installments? Have you moved 25% of your profit to your income tax savings account? There are general deadlines, but your GST filing frequency and installments can be specific to your business (Find out more about when GST/HST is due here, and about when personal tax installments are due here, and don't forget about corp tax installments here!) Put your due dates on the calendar! And then add them to your monthly check list! I've included some generic due dates on my "Example Monthly Bookkeeping Checklists" for you to keep front of mind!

​Be Intentional Today!
Get out there, and Be That Business That Thrives!

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