Exercise 4: Accounting tools and/or time-keeping tools

Pulse: Cash Flow Management

  • Organize your income and expenses by account, category, company or project. And assign income and expense items to specific companies and projects.
  • See scheduled and past transactions for each income or expense item.
  • Attach files — like invoices or contracts — to individual income or expense items.
  • Monitor your cash flow by week, month or custom date range. Check your cash on hand at the beginning of each month and view each day’s incoming and outgoing funds.
  • Pricing & Plans:
    • Free: 1 user, 1 account, monthly cashflow views
    • Standard $14/month: 3 accounts, 3 users, 3GB file storage, multiple cash flow views & security
    • Plus $24/month: 20 accounts, 10 users, 10GB file storage, multiple cash flow views & security
    • Premium $49/month: 60 accounts, 20 users, 20GB file storage, multiple cash flow views & security

Time 59

  • Enter billable time and expenses.
  • Automated invoice creation. Invoices can include details like prior balance, payments received, interest, and trust account activity.
  • Accounts receivable functionality.
  • Works on PC, Mac, iPhone, iPad, Android

  • Export your data to Excel

  • Pricing & Plans
    • $99.95/year: unlimited data & unlimited users
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Exercise 3: The perfect team

Corporation: VEG Design Mock Business Structure

2 Employees:

Bob

  • 50% Owner
  • Digital Strategist
  • Copywriter
  • Web or Media Analyst
  • Communications or Marketing Manager
  • Brand or Content Strategist (Shared)
  • Content Editor/Manager
  • New Business Development
  • Community or Social Media Manager
  • Office Manager
  • Account Manager/Director
  • Account Coordinator
  • Media Buyer/Planner

Billy

  • 50% Owner
  • Creative/Design Director
  • Creative/Design Manager
  • Senior Graphic Designer
  • Intermediate Designer
  • Junior Graphic Designer
  • Art Director
  • Information Architect
  • Web Producer/Project Manager
  • Video/Motion Design Developer
  • Brand or Content Strategist (Shared)
  • Production Manager

Contracted Out

  • Database/Systems Administrator
  • Developer
  • Search Engine Optimization Specialist
  • User Experience/User Interface Designer

10 Employees:

1 (OWNER-BUSINESS DIRECTOR)

  • Owner
  • New Business Developer
  • Account Manager/Director
  • Account Coordinator

2 (RIGHT-HAND)

  • Office Manager
  • Media Buyer/Planner

3 (BUSINESS-MARKETING)

  • Communications or Marketing Manager
  • Brand or Content Strategist
  • Community or Social Media Manager

4(BUSINESS-ANALYST)

  • Web or Media Analyst
  • Digital Strategist

5(CREATIVE DIRECTOR)

  • Content Editor/Manager
  • Art Director
  • Creative/Design Director
  • Creative/Design Manager
  • Information Architect
  • Production Manager

6(INTERACTIVE MANAGER)

  • Web Producer/Project Manager
  • User Experience/User Interface Designer

7(DEVELOPER)

  • Developer
  • Database/Systems Administrator
  • Search Engine Optimization Specialist

8(WRITER)

  • Copywriter
  • Content Editor/Manager

9(SENIOR DESIGNER)

  • Senior Graphic Designer
  • Video/Motion Designer/Developer

10(DESIGNER)

  • Intermediate Graphic Designer
  • Junior Graphic Designer

Exercise 1&2: Professional organizations/associations & Create a business

Found business resources:
On Google Doc


Group: Deprise Hutton, Shannon Fidler, Erin Nagy, Terolenn Mykituk

The Assignment: Create A Business

  1. Name your business (a name that is not already taken)
  2. Define its business structure
  3. What are the pros and cons for the chosen legal structure
  4. Research and collect documentation (printed and/or online)

  1. Name: Against the Grain Paper Co.
  2. Business Structure: Corporation because it is the safest legal entity, it is a good choice because we plan to open other shops in other places as well as potentially becoming a paper wholesaler.
  3. Corporations Pros
  • Limited liability
  • Ownership is transferable = continually existence of business
  • It is an independent legal entity on its own
  • Can sell stocks to raise capital

Corporations Cons

  • More expensive to incorporate
  • Closely regulated by government
  • More legal documentation
  • Double tax

4.  Search Engine Searches for ‘Name’

search: “Against the Grain Co”

Screen Shot 2015-09-08 at 8.31.05 PM

Search: “Against the Grain Paper”

Screen Shot 2015-09-08 at 8.29.54 PM

Search: “Paper Co”

Screen Shot 2015-09-08 at 8.29.22 PM

Search: “Against the Grain”

Screen Shot 2015-09-08 at 8.28.13 PM

Research and Documentation: City Bylaws, Business Link, BizPal, Canada Revenue AgencyCanadaOneSmall Business BCService CanadaBusiness News Daily