As your company grows and matures, you’ll need to engage an accounting firm to provide some level of assurance on your financial statements. The level of assurance that should be performed depends not only on what you need, but also on what the other people who rely on your financial statements need. First ask yourself [...]
For many small business owners, it’s difficult enough keeping customers happy without thinking about the stuffy world of finance. But money management isn’t something you can afford to ignore. Doing so can easily send the company off the rails. According to Industry Canada, 3,116 businesses turned off the lights in 2014 because of insolvency. Here [...]
In business circles, the idea of being first to market is referred to as first-mover advantage. The thinking is that if you can get a new concept out before anyone else, you’ll be able to build a brand and a following while everyone else is asleep at the wheel. By the time competitors enter the [...]
