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To hold or not to hold—that is the question. The bigger question, of course, is how you will structure your company as you grow. Weighing the options (and oh, are there many) can be complex. One rabbit hole you may be looking into is forming a holding company. Our blog today will focus on defining…

Has your business ever experienced unpredictable cash flow? You’d know the signs—a lack of sleep, missed payments, and worse still, a loss of certainty in your future planning. Do periods of feast turn to famine, leaving you scrambling with overhead expenses? Does the thought of a one-time purchase leave your bank account sweating? You’re not…

Ah, tax season… the annual event that strikes fear into the hearts of entrepreneurs everywhere and has accountants on a two-month Red Bull and snack bar diet. In the 80s (my teen and young adult years), the villain of one of my favourite movies (The Princess Bride) was Prince Humperdinck (aided by the treacherous and…

As we left off in the previous blog, a princess was stuck fighting a dragon. Or, rather, a small-business owner was fighting the CRA for a second chance at claiming deductions that her former accountant dropped the ball on. It’s more common a situation than you’d think, with more and more provinces facing CPA shortages…

Our previous blog examined the interplay between adopting new technology and opening cybersecurity risks. The question becomes—how do you build a defensive moat against the digital flood of ne’er do wells? After all, you can’t let all tech slip you by, even if adopting a new program means opening new avenues of risk. Since Prime…

Basketball isn’t the only madness people are discussing this March.  Tracking numbers, studying people as they go about their profession, thinking of all the money on the line… these apply to fraud and cybersecurity as much as basketball bets. At least 10% of Canada’s population will experience fraud in their lifetime—about as many people as…

Like most entrepreneurs, I am far from a wallflower. Like you, I prefer sailing my own ship—especially as a leader. For the sake of a metaphor, we’ll call that being a captain. To me, being a captain means taking on challenges as they come on a ship I can design, staff with fellow scallywags, and…

When we last left off, I had hinted at taking a plunge into starting the enterprise my partner and I had talked about. Excitement? Sure. Fears? Double sure. Never mind that it was over a year since we first laid out the plan, and we were curious about whether the opportunity was still as viable…

This last week saw us help volunteer at a university case competition event, where hundreds of students from a variety of institutions across the country congregate with their teams to compete in a variety of entrepreneurial formats. It had everything from fun challenges to serious debate. I loved it—everything from a rousing game of Tchoukball…

Joe was growing a successful business, at least by most measures of success. However, motion (how busy you are) and progress (how far that effort is getting you) can often be confused with one another. Like many businesses I know, Joe was busy 12 hours a day and often cash-tight. The money didn’t come in…