Almost 50% of Québec SMEs close their doors within five years.* Why? For Sébastien Giroux, the ability to understand a business through numbers may explain the unfortunate phenomenon. This is the theory he develops in a fascinating webinar as part of the 20 minutes CPA series: 20 minutes CPA : « Déchiffrer un état financier » (understanding financial … Continued
When you go into business, it’s to succeed. But depending on the sector, from 30% to 40% of businesses fail after a few years. What explains why two organizations – similar in every respect – can meet opposing fates, one enjoying spectacular success, the other going downhill and eventually closing? “Financing may be the reason,” … Continued
False! And this is one of the most important things entrepreneurs realize when they get their first business financing. It makes sense that this would be surprising, because, in general, for personal loans, once approved, the borrower quickly has access to the money. The business financing process is more like a mortgage loan that involves … Continued
The purpose of a business has traditionally been to make profits. But today, performance is not measured solely in numbers: it is judged by a series of factors that reach well beyond simple financials. Salmata Ouedraogo presents this new reality, where profits and social responsibility are two sides of the same coin. Dr. Ouedraogo is a … Continued
Sustainable development: the term has been on everyone’s lips for years. And yet, as of 2020, only a minority of Quebec businesses had completed a formal sustainable development effort. Beyond theory and principles, there is the reality on the ground: many managers don’t know how to implement environmentally responsible practices. Dominique Cyr, an MBA in … Continued
Like many entrepreneurs, you want to do your part for the environment and social justice. But perhaps you aren’t sure where to start. Given the wide range of ethical and environmentally responsible practices, you may not know what changes to make that don’t involve significant investments of time and money. Before jumping on the ecological … Continued
Do you have plans to grow or explore an opportunity for your company? Or maybe you want to start or acquire a business? Do you need financing to carry out your project? Whether or not this is your first application for financing, it is a good idea to know the mistakes other entrepreneurs have made … Continued
When you drive your car, your eyes regularly scan the dashboard. Am I driving too fast? Am I going to run out of gas? Your brain analyzes many pieces of information in a fraction of a second. As an entrepreneur, sometimes you also have to make rapid decisions. Do you have a dashboard with indicators … Continued
Have you heard the expression, “It takes money to make money?” Whether your business is in the startup or growth phase, you need to invest to bring a project to life, develop a product, or deliver services. Your investment can take different forms, whether in the hours that go into developing a product or service … Continued
Strategic planning tends to be seen as a mountain, an unwieldy, complex process, with a clear start, but an unclear end, the outcome of which will collect dust on the shelf. But it can be a hugely beneficial and relatively simple exercise, if you have the right recipe. Éric Préville has the ingredients for this … Continued