Posts by websupport

For small business owners, the term “cash flow” often floats around like a buzzword—but its importance cannot be overstated. Simply put, cash flow is the net amount of money moving in and out of your business over a given period. It’s the heartbeat of your operations, ensuring that bills are paid, staff are compensated, and…

In today’s rapidly evolving financial landscape, two powerful forces—big data and fintech—are reshaping the way financial services operate. With advanced algorithms and lightning-fast digital solutions, the industry has never been more efficient. But as we sprint into this data-driven future, it’s essential to ask: Are we losing something invaluable in the process? Big Data: Efficiency…

Fintech has revolutionized financial services, offering unprecedented convenience. Mobile apps now allow us to pay bills, transfer funds, or apply for loans in seconds, streamlining our digital lives. But as our interactions become increasingly digital, an important question emerges: how much privacy are we willing to trade for convenience? Instant Access, Instant Risk Our digital…

From Zenith to Zelle: How Technology Shaped Financial Services Without Replacing Core Values Reflecting on the journey from early personal computers to today’s instant digital payments, the story of technology in finance is one of incredible transformation. From the hefty, slow-moving Zenith computers to the instant ease of Zelle transfers, technological advances have made financial…

Our last few blog posts have focused on how business owners can improve their financial literacy and get the information they need to make great decisions. But, as you know, once you’ve gained the knowledge, you still need to apply it!  This can be the tricky part sometimes, because knowing a concept and seeing it…

There’s no doubt about it: the age of the internet has changed how we get information. It used to be harder to find great resources on financial literacy because there weren’t as many, or because they weren’t always available. In today’s world, the problem is the opposite; we’re bombarded with resources all the time, and…

As a business owner, understanding your company’s financial health is crucial. But diving into financial statements can feel overwhelming. That’s where financial ratios come in. These powerful tools can give you quick, actionable insights into your business’s performance and financial stability. Let’s explore the most important financial ratios and how they can transform your decision-making…

Running a business is all about stories. There’s a story behind why you started your business. There are probably more than a few about how you’ve faced challenges and come out the other side. But one story not a lot of business owners understand is the story their numbers are telling them.  Financial literacy helps…

Optimism only brings you so far-the rest is in good planning, predictable cash flow, and partnerships that align with your goals. As a fellow entrepreneur, I’ve taken the leap into risky venture-land more than once. In a previous blog, I hinted at our own risk story: it involved a high-stakes situation, much like a Tom…

Want to gamble? How about this: your paycheque against whether your business will still be here in 10 years? (Hint, you’ve got 35% odds of surviving!) If so, you’re in the right place, and you’re far from alone. Your odds (1 in 3 at this point) will increase *substantially* if you do these two things…