Simple Startup Blog

See the financial issues being discussed in our most recent blog posts.

When a tax filing deadline is looming for your business, it would seem the worst possible time to think about changing accounting partners, right? Maybe not. Despite your due diligence in choosing an accounting and tax partner, you might come to the realization that the provider you’ve been using for tax services isn’t up…
In my last article, I posed four difficult questions that every business owner or CEO needs to ask themselves. They are: Who appraises you? Who challenges you? Who guides you? Who replaces you? As you will have noticed, the first three have significant overlaps. The fourth sits apart. So, I will attack the first…
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’,…
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…
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…
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…
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…
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!…