Complete Breakdown of BDC COVID-19 Loans: Details, Eligibility & Requirements
As COVID-19 continues to escalate rapidly, it increases the tempo of business owners as they scramble to keep control over a business situation that feels anything but in control. Presently the working capital loans offered by BDC seem to be the best chance of survival for many. While there will be opportunities to pivot businesses […]
Wage Subsidy Calculation – COVID-19 (March 20, 2020)
Business owners have had many questions the about the Government of Canada’s commitment to supporting businesses in response to COVID-19 including a Temporary Wage Subsidy. At the time we learned businesses can reduce source deductions by 10% up to a maximum of $1375/employee and a total of $25,000 per organization. This is a subsidy, which means […]
10 Tips for Preserving Cash: COVID-19 Cash Preservation Checklist
We thought you could benefit from a COVID-19 cash preservation checklist. Our team is comprised of a really diverse and fiscally resourceful group and since they get a front row seat to your business transactions we knew they would probably have some great ideas on how you could preserve cash. Here is our list of […]
COVID-19: Help is on the way – BDC Announcement
Help is on the way. The information is flowing fast and furious now in order to sustain business and employment continuity. Yesterday BDC announced Working capital loans of up to $2 million with flexible terms and payment postponements for qualifying businesses. I spoke with representatives from BDC and here is my understanding of how it […]
Canadian Government Funding Support Packages for Small Businesses re: COVID-19 – March 18, 2020
These sure are interesting times. We have all been hit tremendously hard. First the realization that we need to transform our companies to ‘work from home’. Even in this tech town Ottawa, Ontario, ‘work from home’ is not as easy as we thought, and certainly there will be productivity issues resulting. Now our bodies are […]
7 Steps for Small Businesses to Mitigate the Financial Impact of COVID-19
The COVID-19 is now top of mind for everyone and while businesses ramp up their efforts to stop the spread of the novel coronavirus entrepreneurs are also burdened with having to think fast to ensure business continuity. While governments commit to safeguard against downside financial risks the situation itself and it’s rapid pace of escalation […]
numbercrunch empowers hundreds of womxn during International Womxn’s Day/Week 2020
The theme for international women’s day 2020 is #EachforEqual which reminds everyone that it’s up to each of us to create a gender equal world. Our Co-Founder and Co-Chair of Invest Ottawa Susan Richards had an extremely busy and impactful week of March 2-9, 2020. “Our community has a shared goal: to inspire, equip and […]
SaaS Quick Ratio Unpacked
SaaS entrepreneurs are at an increased risk of being overly distracted by vanity metrics. Early stage investors want to see top line “hockey stick charts” and a host of metrics that may really only be loosely correlated to sound financial performance. As a result, early stage SaaS entrepreneurs are often forced into distraction in order […]
Dashboard Metrics for Service Businesses
Do you run a service based business and wonder what metrics are the most important to your scaling business? In this post I’m sharing the 10 metrics that we will be tracking monthly at numbercrunch in 2019 as we scale our four year old service business. Every business is unique but if your business is […]
Is your SaaS company taxed out south of the border?
Have you launched a SaaS business and are wondering if you are properly accounting for sales tax and income tax? As a Virtual CFO in Ottawa, Canada I am encountering more and more SaaS businesses that are winging it when it comes to doing business outside of Ontario. For those that think these areas are […]