The Canadian Emergency Rent Subsidy is Now Open for Business
The Canadian Emergency Rent Subsidy (CERS) is now open for business. The Government has been receiving very strong feedback on previous mechanisms that were attempted in the hopes they would alleviate the burden of rent. As the community works together to try and limit the spread of COVID-19, commercial rent continues to be a large […]
Canadian Emergency Wage Subsidy – New Changes Announced to Periods 8-10 (Oct-Dec)
The Federal government has been consistently coming out with subsidy details in a ‘just in time’ format, but this time their latest changes are a little retroactive and some businesses may have already submitted Period 8 claims. If you have already submitted you’ll want to go back and crunch the numbers again and see if […]
Canadian Emergency Rent Subsidy: What You Need to Know
The Canadian Emergency Rent Subsidy (CERS) has been introduced by the Federal Government as a means to provide additional support to Canadian Businesses as they continue to navigate through the financial impacts of COVID-19. So far the government has provided details around the first 12 weeks of the program. Like CEWS the claim periods will […]
3 Tips for 2021 Scenario Planning
We’re already well into November and that realistically means we should all be preparing for the year ahead. The forecast for 2021 still contains plenty of uncertainty but let’s not forget that opportunities will abound and you want to be ready to cease them. “It’s fine to celebrate success but more important to heed the […]
3 Tips to Measure Your Customer Acquisition Costs
Do you know how much it costs to acquire a customer? In my experience this is one key metric that a lot of business owners have overlooked. As the SaaS business model gained in popularity so did the attention on this key metric. Like many metrics, “CAC” becomes more meaningful when used in comparison and […]
2021 Financial Planning During Uncertainty for Business Owners
In this video our Co-Founder and Managing Partner Susan Richards, discusses how to plan your financials as a business during uncertainty. She covers everything from her 2021 expectations, strategic planning, how to measure against your plan, scaling your business, cash flow tips, what investors or bankers want to see in your financials and company, and […]
Understanding the Current CEWS Subsidy Rate
Justin Trudeau announced the CEWS rate will be frozen at the current rate for the rest of 2020. The question many entrepreneurs are asking is – what is that rate again? Is it 75%, 65%? In periods 1-4 the program had one rate. If you qualified you received a subsidy that was 75% of your […]
3 Tips for Calculating SaaS Metrics
When it comes to measuring the financial performance of your SaaS startup you need to learn how to calculate SaaS Metrics. SaaS Metrics generally do a more effective job at measuring your business performance than traditional financial statements given the unique nature of the business model itself. Why is this? SaaS businesses face significant losses in the […]
Top 3 Reasons to Outsource Your Finance Team
Have you ever wondered if it makes sense for you to outsource your finance team? For the past 5 years we’ve been serving as an extension of our clients’ business by handling all the financial elements. Over that period we think the value proposition is pretty clear. Here are the top 3 key reasons to […]
3 Tips to Measure Your Financial Performance Against Your Plan
You can’t manage what you don’t measure, right? When it comes to improving your financial performance the best advice I can give business owners is to numerate your strategic plan and then measure how you are doing against it. What does that look like? Generally speaking it is laying out a monthly view to your revenues, expenses, […]