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Thought Leadership

Four Difficult Questions Business Owners Must be Prepared to Answer

Lorne Noble
February 3, 2022

If you read my articles regularly, you’ll know I’m keen on evolution. Humans have been doing it for 300,000 years and we’re still not getting it quite right. For many businesses, standing still for just a few months might render them extinct! Typically, new businesses are shaped around your product or service idea. Building…

Thought Leadership

When a Business Leader Needs to Say ‘No’ to New Ideas

Lorne Noble
February 2, 2022

The world encourages positivity. We are lauded for accepting new ideas; for trying new things; for experimenting and taking risks. Businesses tend to exist because of people with positive mindsets. Investing in something new and throwing your reputation and future behind an idea requires a sense of optimism. If your default answer is ‘no’,…

Finance, Thought Leadership

How to Raise Capital Without Diluting Too Much of Your Ownership

Lorne Noble
January 27, 2022

Capital is the lifeblood of any growth business. Raising sufficient capital enables you to fund the development of your product before you start generating revenue, get your offering to market faster, and scale the business once you’ve operationalized it. But many approaches to raising capital require you to give away a portion of ownership…

Thought Leadership

Recruiting for the Future

Lorne Noble
January 19, 2022

I have written previously about avoiding a bad hire. In that article, I focused on the processes around recruiting and the importance of complete and utter clarity around the expectations of a role. Today, I’d like to take a step back and look at recruitment from a different perspective. One that starts well before…

Finance, Thought Leadership

Avoid These 4 Appraisal Pitfalls

Lorne Noble
January 19, 2022

You are happy. Business is moving forward. You have finally delegated a bunch of jobs that were keeping you awake at night. You like your team and feel like they are in it with you. And it’s employee appraisal time. A day to put your feet up, enjoy a really positive chat with some…

Finance, Metrics

Why Should You Care About Asset Management Ratios?

Lorne Noble
January 6, 2022

A variety of financial ratios can help business owners make sense out of financial data, like profit, sales, and assets, that can be difficult to analyze without context. Ratios don’t give you answers to questions, like how well you are performing and what you need to do to improve. Instead, financial ratios help you…

Accounting

Franchise Accounting Best Practices

Teri Scott, CPA
December 23, 2021

As a franchise owner, you enjoy the benefits of expanding your business and earnings without being forced to open and manage individual locations on your own. But to fully enjoy these advantages, it’s important to have a strong accounting strategy. What are some of the best practices to consider? Let’s take a deeper look…

Thought Leadership

The Evolution of a Business

Lorne Noble
December 21, 2021

I was catching up with a friend yesterday when he asked what we are up to at work. “We’re re-evaluating our mission,” I explained. He laughed. “I swear you told me that two years ago Lorne. Surely, you’ve decided by now?!”. Let me reassure you that I didn’t start lecturing him there and then!…

Accounting

Understanding Deferred Revenue

Teri Scott, CPA
December 8, 2021

Any business owner worth their salt knows how important clean books and great, investment-ready accounting is to the health of their business. It’s the very heart of business growth! And this includes how to properly integrate deferred revenue into your accounting practices. In this blog, we’ll discuss what deferred revenue is, where exactly it…

Finance

4 Tips for Organizing Your Funding Priorities

Lorne Noble
November 25, 2021

Planning is always key and this has never been more true than when it comes to dealing with your money! As a small business owner, the influx and outflux of capital is probably always on your mind. And so, when you receive a big influx of cash from a loan or an investment, how…

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