Business Process Outsourcing is on the rise and in fact 90% of small businesses plan to outsource business functions in 2022 (up from 80% in 2021) according to a survey conducted by Clutch. Furthermore 23% of respondents are planning to outsource their financial services (just shy of the top spot which is IT services at […]
As we close out the first fiscal quarter of 2022 I am reminded that we’re not through with this extended season of uncertainty. COVID-19 mandates are not the only thing that is being lifted. Costs for business owners are increasing to the point that profitability is likely at risk unless preventative action is taken. […]
Are you tracking Net Dollar Retention (NDR) properly? NDR, a metric used by SaaS companies to understand their organic growth, has soared to be the most popular SaaS metric of the year. Here are 8 ways you can increase NDR in 2022: First of all, let’s be sure you understand what we’re talking about here. […]
We’re in the final quarter of 2021 and that means we’ve got a fresh new fiscal year just around the corner. It’s likely the last two years did not go according to plan due to the pandemic, but that doesn’t mean there isn’t incredible value in establishing a roadmap. Here are 10 tips to create […]
Ever wonder how to price your SaaS product? Pricing is one of the 4 Ps of Marketing (ie: price, product, promotion and place) but there is also a financial perspective that should be considered to avoid some common pitfalls when setting subscription model prices. To help, we’ve compiled 7 core questions for you to consider […]
Ever wonder how much cash your business needs to keep on hand? Every business needs cash and most want more of it, but when it comes to cash how do you know when enough is enough? Conventional wisdom says (otherwise known as “they say”) that you should have the cash equivalent of 3 to 6 […]
In our latest video, Susan Richards explains why you should add NRR (Net Recurring Revenue) to your dashboard if your business model is based on recurring customer revenue.
If opportunity knocks – is your business ready to be sold? Could you pass inspection? The market for M&A activity is very high in a number of industries. Opportunities to sell may present themselves when you least expect it. Our advice is that you should be ready to be ready. With that intention in mind, […]
In our latest video, Susan Richards, FCPA, FCMA flies through a dozen ways to fund your startup without giving away a piece of your company.
As the nation prepares for tax filing season, businesses are scrambling to keep up with all the reporting requirements including T2200 forms. T2200s are forms that are applicable when employees are required to pay their own expenses while carrying out the duties of employment. The information we are sharing on this is based on our […]