#Fast50CA: Bench Accounting builds bookkeeping magic for the masses

For Bench Accounting’s CEO and co-founder Ian Crosby, creating a multi-million dollar technology company started with solving an obvious pain point: “Business owners and entrepreneurs want someone else to take care of their bookkeeping, do it in a way that’s easy and affordable, and treat them nicely. It’s that simple.”

Technology Fast 50 2018 Winners

Reposted from Deloitte.com The Technology Fast 50 program celebrates the world-class achievements of Canadian technology companies, highlighting their commitment to innovation, leadership, and rapid revenue growth over the previous four years.This year, winners are headquartered across the country and vary both in size and industry, including financial services, automotive, tech-enabled food and beverage services, and manufacturing. The average revenue growth rate of the 2018 Fast 50 winners is an impressive 2,124 percent.

How to align your brand with your growing business

Like most of our clients, First West Capital is experiencing exciting growth opportunities and an evolution of our business. We’ve added new team members, opened new offices and partnered with many new mid-market businesses across Canada. Last year, we realized that our branding and marketing weren’t fully reflective of the business we’d become. Thus began a transformative journey to align the First West Capital brand with our growing business. Here’s what our process looked like, in case you too are having an “ah-ha” marketing moment:

Keys to succession: Understanding the buyer’s journey

Featured in BCBusiness, in partnership with Business Transitions Forum With more than half of Canadian companies expected to change hands in the next decade, succession preparation is an important topic for business owners. But it’s something most don’t even consider until they’re in the throes of handing over the reins.

Economic Update: What small businesses need to know

Canadian small businesses have been facing growing uncertainty due to the political and macroeconomic developments this past year. It’s increasingly important for businesses to source the best available information and make proactive strategic decisions to prepare for all eventualities. Here are the top three developments we’re following this quarter: 

How to navigate a tough retail landscape

Canadian retailers are facing an uphill battle as they fight for market share in a competitive and changing industry. With continued store closures across Canada, retailers are urged to find ways to get in the game – or risk disappearing. Phil Lichtsztral, Partner at Richter Retail Consulting Services, discusses some of the causes and cures of the current retail landscape.

Does your business have a sustainable competitive advantage?

Entrepreneurs often use the words ‘capability’, ‘competency’ and ‘competitive advantage’ to describe their businesses. These definitions, however, are frequently misunderstood. Having a competitive advantage is more than having core competencies. This is why Amazon trades at over 170 times earnings while the average gas station can be purchased for three times cash flow. It’s important to clarify these concepts, which can provide a framework to help you identify and nurture your business’ competitive advantages.