Articles

Whether starting a new business or just maintaining your existing business, there are some fundamental business mistakes that are easy to make. However, don’t let these mistakes get you down. Now that we are about to explain what they are, you can steer clear. 5 Business Mistakes To Avoid It’s never too late to change directions and correct mistakes. Mistakes are part of the learning process. 1. Too Much Focus On One Aspect Tunnel vision is its more common name, and it’s essentially getting too wrapped up in one aspect of the business. This tunnel vision can have consequences on other equally important business aspects. Knowing when to catch yourself is key here, and a strict schedule of things to work on helps as well. 2. Poor Market Research Jumping into your business too quickly is a very common mistake to make. If you do this, you may find that […]

Beginning a new career as a millennial can be a daunting thing. Even more so are your finances. But you can’t just turn a blind eye to them. They are important to understand and when you understand them, you can take advantage of them to your benefit. Don’t let big words put you off, keep calm and read this article, we know our stuff. Managing Your Finances As A Millennial Not just for millennials, it’s never too late or too early to start understanding how your finances work in a new career. Taxes, Friend Not Foe Oh no, the tax man is coming! Let’s get real here, taxes are and always be a part of your finances. But what makes them better or worse is how you manage them. Taxes impact your cash flow, so when you start any job or even if you have been working in the same […]

Being successful is more than just being good at what you do. It’s the small everyday things that you make a habit that helps your success. If you take any great business person, entrepreneur or professional and look at the little habits they do every day, you will start to see why they are successful. At DataTech Business Centre we work with professionals all day long, so let us show you 4 small habits that define success. Habits Of Successful People Try and put some of these techniques into practice, it only takes 21 days for it to become a habit! 1. They Wait For Reward Highly successful people are willing to wait for the big payout. There are some options in life that can result in two things, a small reward right now, or a bigger reward if you wait longer. To illustrate this, we have the “Marshmallow” experiment, […]

Face it, no one likes accounting. Well, maybe if you are an accountant, and maybe not even then. With the dreaded tax season fast approaching for small businesses, DataTech Business Centre has some simple tips for small businesses when it comes to making tax season just that little easier. Accounting Tips Keep in mind that these tips do not replace a real accountant, if you have any questions always ask your accountant. 1. Keep Things Accurate Nothing is more painful than realizing when it’s far too late that your records are not exactly up to date. This creates some major headaches for both you and your accountant. Having poorly kept records will cost you time and money. Keeping receipts, invoices and expenses organized will help you immensely. Are you bad at this? There are many online, automatic solutions, such as FreshBooks, simple connect your business accounts and it will take […]