If you want to launch and scale a financially successful business, you’ve got to know your numbers. Founders who recognize the significance of financial literacy in their business’ success often seek to improve their understanding through continuous learning, seeking advice from experts and building a strong financial team to support their endeavours. In this article, […]
Curious about what’s in fashion for SaaS metrics in 2023? Well, step aside vanity metrics, we’re shifting away from metrics that demonstrate exponential growth in favour of those that demonstrate a more conservative style towards profitability, expanded cash flow runways, and milestone-based investments. If you are a SaaS founder, you’re likely familiar with the concept […]
Autumn & The Current Economic State: The Slowing of the Growing Season – Reset Your Financial Outlook Autumn is a season of bounty and abundance as crops and fruits are gathered and the landscape is ablaze with colour. At the same time it also symbolizes decline as temperatures cool and daylight shortens. Autumn marks the […]
Techopia Live: How should Ottawa’s tech sector plan for an economic storm? In this episode of Techopia Live, OBJ publisher Michael Curran speaks with Susan Richards, our Managing Partner, and Elizabeth Audette-Bourdeau, CEO of Welbi, about financial strategies for changing economic times.
It’s no secret that cyber risks are an increasing concern for all organizations. Business leaders have a lot to contend with from a data security and privacy perspective. Cybercrime is on the rise. In 2020, Canada saw $3.12B in losses(1). Ransomware continues to be a leading source of losses with extortion attacks increasing 158% a […]
As we head into another period of economic uncertainty purse strings may be tightened – and that means access to incremental working capital may be low if not impossible to secure. Unless you are the rare SaaS company that has already achieved profitability, you are likely dependent on investors and lenders to keep your business […]
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 […]
Techopia Live: How to Scale Your Tech Venture – Two Different Paths with Susan Richards Did you miss Techopia Live on March 30, 2022 co-hosted by Susan Richards and Michael Curran from the Ottawa Business Journal as they discussed growth strategies for technology companies? Not to worry, we’ve got the full recording as they run […]
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. […]
When it comes to building a successful SaaS business, startup founders are going to need to know their numbers. The relative importance of these numbers really depends on the stage of the startup. This article assumes that you have some customer revenue but not a lot. And if you are pre-revenue, that’s okay too because […]