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The Bean Counters' Quarterly
Previous Newsletters
March 2007
May 2006
March 2006
September 2006
December 2006
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The Bean Counters' Quarterly |
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| Hartrell & Kirkham Chartered Accountants |
September 2006 |
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Greetings!
Welcome to the September 2006 issue of The
Accountant's Statement!
The firm has grown over the summer as Steve
Kirkham acquired the practice of George Polyzotis– a
CA that Steve was employed by in the late 80’s and
early 90’s.
We welcome all those clients to our firm and to
our quarterly newsletter.
We hope you will find value in the information we
provide, as well as an opportunity to get to know the
team.
We hope everyone had a fun, relaxing, and safe
summer.
How time flies! Here we are near the end of
September already.
This is such a great time of year to grow your
business. Now that summer is over, many people find
they have the time and energy to devote to their
business.
There are many things to focus on at this time of
year
– making sure you come out of the trees once
in a while to see the forest;
doing so by setting your
goals (described as building a house);
and rewarding
your staff with a thoughtful and well planned holiday
celebration.
The Fall is also a great time to spend indoors, reading
a great book, so we have a recommendation that
ties into your business.
We’d love to speak with you about developing your
business to suit your goals.
Best regards,
Steve Kirkham
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The Forest or The Trees? |
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You’ve heard the saying ‘you can’t see the forest for
the trees’?
It basically means you’re in too deep and all you can
see are the trees in front of you and all around you.
BUT if you were to step out, or rise above the trees
you could see the whole forest and where you want
and need to go.
It’s the same with your business.
Michael Gerber, best-selling author of “The E-Myth”
Series was the first to write about it. Very often
when you’re a business owner, your time is consumed
by the ‘busy’-ness of running the business and
working IN the business. There is very little time
available for working ON the business. It’s easy to
become overwhelmed and lose track of why you
went into business in the first place.
Some of your reasons might include: to build a more
secure future, make more money, be your own boss,
have more freedom and choices, live a better
lifestyle, etc.
What do you want out of your business?
Is it providing the income you want, the lifestyle, the
satisfaction and rewards?
Do you still have dreams and goals for your business?
Have you reviewed them on a regular basis to make
sure you’re still moving in the direction you want?
Making your goals is a little bit like building a house.
You need to have some very detailed blueprints
[plans], a time schedule, the tools and resources to
get the job done, and the commitment to actually
work on all aspects of the project, but all house
building [and goal making] must include a strong
foundation.

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Making Your G.O.A.L.S |
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So making your goals is a little like building a house:
You'll need blueprints [plans], a time schedule, the
tools and resources to get the job done, and the
commitment to actually work on all aspects of the
project, as well as a strong foundation.
When you come to the end of the project, you'll
have something of value that you've created with
your hard work.
Make sure the foundation for your goals includes
the following:
G - Great Work. What is the difference
between Great work and Good work? I think most of
us know it in our soul. Briefly, Great work is
something that stretches us, calls upon our passion,
and helps us grow as human beings and as business
people.
Good work is stuff that we do well, and are very
comfortable with.
There’s no challenge or passion required.
There’s no shame in Good work, but there’s also
no glory. (Michael Bungay Stanier)
O - Outstanding Service.
The successful business will offer consistent,
outstanding service to their clients or customers.
This is what sets you apart from your competitors
and what allows you to be recipient of ongoing
loyalty. Outstanding service helps you make a
statement to your customers – that says you highly
value them.
A - Amazing Rewards.
Rewards are for you and for your staff/team
members. The rewards can be financial but should
also be intrinsic. These should be rewards that help
fuel your passion for what you do. The rewards
should be things like praise, challenge, excitement,
pleasure, and satisfaction from a job well done.
L - Loving your Lifestyle. Being a successful
entrepreneur means you should be living a lifestyle
that you choose and enjoy. Depending on the stage
of your business development, it should include
increasing levels of financial security, the kind of
leisure time you want, and the ability to balance
work with personal life.
S - Sweet Success. All of your hard work
and goal making should lead you on a journey filled
with YOUR definition of ‘sweet success’. That will
mean different things to different people. Sweet
success is when you have things working the way
you dreamed they would, allowing you to
attain your goals and focus on the things
that are important to you.

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Sensitive and Sensible Holiday Celebrations |
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Even though summer is just ending, December will be
here very quickly and it’s time to start thinking about
and planning the company holiday celebrations.
Whether you go all out with a large banquet or simply
have a few snacks around the office,
you need to think through your plan of action.
First, of course, is to decide what kind of celebration
you want to have and can afford. Your questions and
thoughts should be:
For the office: Do we celebrate? What’s the
budget?
Do we decorate? Traditional or secular? Do we
exchange gifts? Do we give bonuses?
For a ‘Party’: What’s the budget? What kind
of
activity? Where (venue)? When (choose your date
and book early)? Do we invite spouses/others? Do we
offer and/or pay for alcohol (if so, we must offer
transportation)? Etc. (note: Make sure you
communicate the fact that you want everyone to
enjoy themselves, but policies that are
in effect at the office need to be present at all
company functions. Behavior that is unacceptable at
work is also unacceptable for social functions, such
as sexual harassment, etc.)
Is there anyone on your staff that may feel
uncomfortable or out of place celebrating a holiday
that is not their own? It is well established now that
it is not a problem to celebrate the Christian holiday
of Christmas or to wish people a Merry Christmas, but
it’s always a kind and wise thing to be sensitive to
other people, including your clients or customers.
Be sensitive when you decide whether your
workplace
should be celebrating the birth of Christ, the gift
giving of Santa, or the warmth and kindness of
Seasons Greetings. Most people of different cultures
or religious backgrounds will respect anyone's right to
celebrate their religious holiday or the legitimate
statutory holiday, but make sure that everyone has
been given respect when it’s their
holiday time. Small businesses can’t always afford to
give time off for other holidays, but you can show
respect and kindness in other ways.
A very respectful and lovely way of celebrating the
holiday season is to start a tradition of community
giving. This is something that can override all
religious differences. Coming together as a group and
choosing a ‘charity’ to support can be a wonderful
way that everyone can celebrate the season. You
may find that your group will want to support the
charity all through the year.
There are a lot of things to think about, but it’s
usually worth it in the end. Creating celebrations and
traditions within a business environment are
important and will help create a better community
within your company.

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Recommended Reading: |
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Michael Gerber’s new E-Myth Mastery, The
Seven
Essential Disciplines for Building a World Class
Company will show you how to build a world-
class
company the E-Myth way.
E-Myth Mastery describes for the very first time
what it is that entrepreneurs really
do, what they
really don’t do, what they should
never do, and why
they need to do what E-Myth
prescribes.
In E-Myth Mastery you’ll discover:
-How to fully engage your passion in the pursuit
of your business goals
-How to pursue your singular entrepreneurial
purpose
-How to clarify your entrepreneurial vision
-How to inspire others to aspire to your vision as if it
were their own
-How to electrify the imaginations of people who
matter by practicing the seven essential disciplines
of entrepreneurial leadership to create the energy
your company needs to grow into a stunning world-
class enterprise
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Stuff To Know About Hartrell & Kirkham Chartered Accountants |
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There are lots of things happening around the office
as summer ends and the fall season kicks in.
Snejana spent some much deserved R&R time back in
Bulgaria over the summer. Check out her photo on
our website (notice the calculator in her hand – even
at the beach she can’t tear herself away from the
numbers!)
There are changes coming for Pat. Her daughter
Naomi is moving to California, starting a new chapter
in her life with exciting doors opening up for her. She
has tremendous opportunites and as her best friend
and companion, Pat is looking forward to being a
part of them. During the summer.. they are reality
junkies BB, Rock Star, Survivor, Amazing Race.. they
love them all.
Favourite day of the week: Saturday morning spent
with Naomi, picking up muffins and coffee and sitting
at Yorks Kitchens talking about life plans, etc. Lots
of giggling.
After a good summer, Steve is settling back into the
office groove. His two older kids have signed up for
music lessons and you may even be able to catch
him at the office on a Saturday or Sunday as they
practice their “tuning” at home. He’ll let you know
when their first big concert at the ACC is!
The Toronto Lynx Soccer Club, aka Bruno's tax
shelter, will expand from eight teams to ten teams in
2007. The Lynx which is managed by Bruno's wife
Nicole has just completed its tenth season in the USL
and has five men's teams and three women's teams.
The Lynx 17 year old team is competing in November
for the North American Championship in Tampa
Florida against 16 other teams, mostly from the U.S..
The U17 boys won their regular season division title
against some very fierce competition from Michigan
and Illinois Clubs. The senior team missed the
playoffs but finished with the best record in the
League over the last 14 games of the season.
Unfortunately they were the worst team over the
first fourteen games. The senior women's team lost
in the playoffs to Ottawa who lost in the final to
Vancouver. Both compete in the 35 team W-League.
Nicole and Bruno will be recognized for their efforts in
November by the United Soccer Leagues with their
induction into the USL Hall of Fame. The USL is the
umbrella organization for over 400 elite soccer teams
through the United States, Canada, Puerto Rico and
Bermuda.
H&K is expanding! The busy times become even
busier, Steve is adding a member to his staff in the
form of a senior accountant to help out with audit
clients and general all around client service. We’ll
provide more details soon.
Hartrell & Kirkham Chartered Accountants
Hartrell & Kirkham© 2006

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