From employee to owner!

Have you struggled with making the transition from being an employee to becoming a business owner? Are you finding out the hard way it is not as glamorous as it looks from the outside?

Becoming an entrepreneur means going from one boss to hundreds or even thousands of bosses, and keeping them happy means the difference between eating or not.

I have personally known many small business owners who make it past the getting customers stage to then struggle with concepts such as managing cash flow including remembering all of the factors they must consider; in fact I was entertained when I was in the shop while a client took twenty minutes to explain rent, equipment, utilities, insurance, advertising, benefits, and finally salary hours versus billable hours and warranty returns to an employee who questioned charge out rate versus his wage.

But here is the thing; many others have done it, and many of them are willing to help! Not only that, there are many resources available to help you along the way.

Reach out and let’s help each other succeed!

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Accountant by day... Superhero by night!

“Here it comes now!” Fourty minutes later, a helicopter is heard approaching. As it appears over the trees, it stops and hovers to evaluate the patient and her location. “We won’t be able to land here, but there is a clearing a hundred meters up the trail.” The pilot advises the crew they will have to land further up, and the rescuers will have to walk down the trail and get Melissa. “Well fancy meeting you here young lady!” “Isaac! What are you doing here?” “I told you I was a man of many talents?” Isaac decided to keep up his volunteer service, and joined the local rescue team “Always serving my community, that’s what accountants do!” Mellissa is placed into a stretcher with a big wheel on the bottom, and the rescue crew, along with the help of Jake and the other tourists, wheel Melissa up the trail toward the awaiting helicopter. “How did you guys get here so quick Isaac?” “It’s called contingency planning Melissa; you anticipate the probability and potential impact of a certai...

Welcome to Isaac’s Insights!

Welcome to our page Isaac’s Insights! Forward Looking Solutions is your mentor, and Isaac McKnight is a fictitious character in our Series of books. Through Isaac, we will share anecdotes on business related topics that are based on true stories, and will provide both insight, and entertainment. To learn more about who we are, what what we do, and access our books and courses, please visit our website at: www.forwardlookingsolutions.ca as well as our facebook and instagram pages @forwardlookingsolutions.

Just in Time

Just in Time “Just put the juice on the table, and please bring the liquor over here Juan.” “Sí señor.” Isaac has come in early, because this is the day he receives his inventory. “You didn’t have Gin on your list Mr. Isaac, I brought some just in case.” “That’s fine Juan, I will use it eventually.” The two men finish unloading the supplies, then Juan heads for the door. “Hasta luego Señor Isaac.” During the past two years, Isaac has been able to get a fairly good idea of what sells, and how often. He also knows that some products are often backordered depending on the season, so he makes sure he adjusts his ordering accordingly, and allows enough lead time. If he wants to compete with the other bars, he certainly cannot be running out of product. “Good Morning Isaac!” “Carter! I’m surprised to see you up so early. Where are the others?” Isaac does not normally see Carter until much later in the day, and always with his friends. “I had to take it easy last night...

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