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Ready to go back to business as (un)usual?

 
The situation has changed for small and medium-sized enterprises. The pandemic has impacted work organization, supply chains and e-commerce, which is forcing us all to re-evaluate the way we do business, but also review our priorities, and ask new questions.  

To help SMEs rebound, four CPAs expound on the numbers that SME leaders and business owners must now work out if they want to be ready for business as (un)usual.

CALCULATING THE COSTS OF E-COMMERCE

“Do you want to follow the parade, join the parade or lead the parade?”

The pandemic has thrust e-commerce into the centre of business discussions. In fact, many seem to see it as a miracle solution. But which numbers do business owners need to run before plunging into the digital arena? 

CPA Carl Robillard is Vice President, Business Strategist and Partner at Yaksa. This HEC Montreal graduate uses his expertise in e-commerce platform maximization to help refresh you on your e-commerce basics.

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THESE NUMBERS NEED TO BE RUN BEFORE YOU TEAR UP YOUR COMMERCIAL LEASE

“What you save in fixed costs and rent, you may have to spend elsewhere…”

In response to the “forced test” of teleworking across the country, many SMEs that occupy traditional office spaces are now wondering if they would be better off reducing their space and keeping some of their employees working remotely on a permanent basis. Would they save money that way? How can they figure this out before making a decision?

CPA Annie-Claude Courchesne, Partner at Guimond Lavallée, helps you do the math before you change your lease. This HEC Montréal graduate uses her expertise to assist business owners with their growth, assurance, optimization and operational needs.

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ARE YOU PASSING UP MONEY?

“What to look for. How to look for it. Where to look for it.”

Governments have set up several programs to help companies get through the crisis and start the business recovery process. But which ones are right for you? Which opportunities should you seize to diversify, strengthen and make your business more competitive?

CPA Nedgy Augustin, a graduate of the Université de Sherbrooke, offers some guidance for your recovery efforts. She began acquiring her business experience as an auditor at Richter accounting firm, and is now the owner of Dahlia Residence. Nedgy Augustin is also co-founder of the Club Prospérité Diversité du Québec, whose mission is to incorporate greater workforce diversity in Quebec’s economic development in the interest of a more prosperous and inclusive Quebec.

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IS YOUR BUSINESS FINANCIALLY AGILE?

“Financial agility is the ability to adapt your business model in a turbulent environment.”

 

Agility is a “trendy” term in the management world. But when it comes to reviving business, SMEs should first be financially agile before they start talking about agile management. What does it mean to be financially agile? What are the key indicators? How do you assess the situation? What changes need to be made so that you are more confident and ready to weigh your options and opportunities?

CPA-CMA Réjean Lemieux, a Université Laval graduate and Partner in the Advisory Services Practice of Mallette, answers your questions about financial agility. He has 26 years of experience in the field.

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