Strategic Consulting

Midmarket Manufacturing Suppliers Should Take a Page From Giant Retailers and Think Bigger

David Filice • October 15, 2019 David FiliceHuge takeover deals by larger retailers over the years has created significant consolidation and is putting a lot of price pressure on suppliers whose margins are tighter than ever. The bigger the retailer, the more stringent the demands, which include, but are not limited to, retroactive price discounts and a freeze on prices going forward. ... Read More

Five Good Reasons Why You Need Your Succession Plan Blueprint

Patricia Harris • July 22, 2019 Patricia HarrisIn our experience, privately held real estate and construction businesses typically own, manage and operate the business through an extended family. Fathers, sons, daughters, siblings, cousins, uncles and grandparents take on varied roles within the business. Other family members may be passive owners. As your property investments diversify, you ne ... Read More

Why Do So Few Businesses Have a Succession Plan in Place?

Laura Couvrette • July 15, 2019 Laura CouvretteAccording to research conducted by the Ministry of Economic Development and Growth, only 9.8% of Canadian Small and Medium Enterprise (SME) owners have a formal written succession plan. This is surprising, given what we know about the demographics of our population and that there is a significant number of business owners who will sell or ... Read More

5 Insider’s Tips on Obtaining Financing from the Bank

Laura Couvrette • April 16, 2018 Laura CouvretteAs an audit firm, we are always advising our clients on when they should seek financing and how best to approach lenders. The reasons a business should seek financing will vary, and include supporting growth or expansion, ensuring sufficient working capital, mitigating cash flow fluctuations, dealing with emergency expenses, purchasing or replacing ... Read More

Advice from a Toronto Audit Firm: How Giving Back Can Help Your Business

Laura Couvrette • March 02, 2018 Laura CouvretteThere are many reasons for a business to engage in philanthropy: showing gratitude to the community that has contributed to your success, addressing an issue or injustice that is close to your heart, or simply to share your financial resources or time with those less fortunate, among others. However, there is a myth that philanthropy ... Read More