When Has Your Business Outgrown Basic Bookkeeping?
There’s a point in almost every growing business when the financial questions start getting harder. In the beginning, you might just need to know: Did we make money? Are the books up to date? How much tax do we owe? But then the business gets bigger. You hire employees. Add products or services. Take on […]
More Sales Won’t Fix a Leaking Business
When something isn’t working in a business, the instinct is usually pretty simple: We need more sales. Revenue is down? Get more customers. Cash is tight? Sell more. Profits aren’t where they should be? Increase revenue. And sometimes that is the answer. But sometimes, pushing for more sales is like sitting in a boat with […]
If Your Accountant Can’t Explain Your Numbers, What’s the Point of the Financial Statements?
Every month, your financial statements land in your inbox: revenue, expenses, gross margin, accounts receivable, shareholder loans. But receiving them shouldn’t be the end of the process. It should be the start of a conversation. Your accountant shouldn’t just prepare your financial statements. They should be able to explain what happened in your business, why […]
The AI Race Your Competitors Are Winning Is Not the One You Think
A Business Commentary by: Daryl Ching There is a specific fear moving through Canadian small business right now, and I have watched it work on a room full of owners. It is not fear of spending too much. It is the fear that a competitor is buying artificial intelligence, pulling ahead, and that by the […]
Canada’s Biggest Customer Just Went Month-to-Month
A Business Commentary by: Daryl Ching When a client’s largest customer refuses to renew a long-term contract and offers month-to-month terms instead, I give the same advice every time. Nothing has changed on paper. Same prices. Same orders. But everything about how you run the business just changed. You stop building capacity for that customer. […]
No One Can Fire the CRA, and It Shows
A Business Commentary by: Daryl Ching I run an accounting firm that works with small and medium-sized businesses, which means my team spends part of every month inside CRA reviews. Here is what it can look like from our side of the desk. A review that should take months stretches into years. Every so often, […]
Building a Financial Dashboard: KPI’s Every SaaS Founder Should Track
Picture this: it’s a Tuesday morning, and you log into your business bank account to check your balance before making a big decision, maybe hiring your first customer support rep, or committing to a bigger ad budget. The number looks fine. You breathe a sigh of relief and move on with your day. Three weeks […]
Canada’s Dairy Sector Is Built on the One Thing I Warn Every Client Against
A Business Commentary by: Daryl Ching When I work with a business owner, one of the first risks I look for is a revenue stream that is protected from the competition. It sounds like a strength; it is usually a hidden weakness. A company that earns guaranteed margins, because a regulation, an exclusive contract, or […]
Why Growing Businesses Suddenly Run Into Cash Flow Problems
Why Waiting Until Tax Season Can Hurt Your Business Your business is growing. Revenue is increasing. Customers are paying. The bank balance seems healthy enough; things are moving in the right direction. So you hire a couple more employees and finally purchase that piece of equipment you have been putting off. At first, everything still […]
How to Avoid the Year-End Tax Surprise as a Small Business Owner
Every year, many business owners go through the same experience. The year was strong. Revenue was up. Maybe you even hired, invested in growth, or celebrated a big win. Then the tax bill comes in. And suddenly, what felt like a great year doesn’t feel so great anymore. If that sounds familiar, you’re not alone. […]
