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How to Start a Daycare in Your Home

Have you noticed that one of the most sought out businesses today is a daycare? Parents’ number one struggle is finding a reliable day care or home service provider for their children. With most school districts suspending face-to-face classes due to COVID-19, many parents are stuck on what to do for childcare, or are looking for different childcare options than what they have had in the past. 

If you’ve been wanting to start a daycare in your home and become a business owner, now is as good a time as any.

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The best ways for aspiring entrepreneurs to develop business skills online

We are aware that many of you are currently self distancing or self isolating due to the outbreak and spread of this novel coronavirus. In light of this devastating, global situation, we want to encourage you to stay safe and healthy. We are aware of how deeply people are being affected at this time, so we thought we would share some ways to help you still be productive with tips on where you can develop your business skills online. Hopefully this article will help you strengthen your overall business planning skills, and offer some encouragement during a difficult time in the world.

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What to Do with your idea

The best business ideas usually come over some type of beverage gathering, an epiphany during a struggle of your own that could make other people’s lives easier, or an opening of an opportunity presented in broad daylight. So now that you’ve had this million-dollar idea, what comes next?  Here are a few things to consider to see if this idea is worth putting your time and energy into.

5 Things to Do To Make Sure Your Million Dollar Business Idea is a Good One.

million-dollar business idea

1. Know Your Up Front Costs

Do you have enough money to get off the ground and into the market?

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Employee vs. Contractor - What's best for your business?

 

Employee vs. Contractor – How should a business owner decide what is right for their business?

What better way to confirm that your business is growing than starting to research best practices for hiring! When you begin to explore these exciting next steps, deciding whether to bring on staff as an employee or contractor becomes very important.  

If you are reading this blog one of two assumptions can be made:

1. Your company is experiencing large, long-term growth or,

2 You need to fulfill a short-term job project with large-scaled help.

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The Difference Between an Employee and a Contractor

When does a business owner know if they should hire an employee or a contractor?

There are so many decisions entrepreneurs must make on a daily basis. As a business starts to grow, one of the biggest decisions is whether to hire employees or contractors to help. The answer is not always a straightforward. However, if you understand the difference between the two and how Canada Revenue defines employees and contractors you will be able to make a good choice. 

On this week’s blog, we are here to help!  Let’s go through the rules of what determines the difference between an employee and a contractor so that you can make an informed choice and stay out of trouble with Canada Revenue. 

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