Canada offers several grants and programs specifically designed to support and accelerate the growth of tech startups. Given the difficulty of the funding landscape, these grants can provide much-needed, non-dilutive funding and resources to help you develop your products, scale your operations, and achieve your growth objectives. Here are some notable grants and programs available […]
2021 was the year for Canadian Tech Startups, with record-breaking funding of $156.2 Billion. Q2 2021 saw a whopping 157% YoY increase in the funding of Canadian startups. Source: CBInsights However, things have gone south since Q1 2022, with a steady decline of 23% QoQ in the funding. Source: CBInsights The decline has been continuous […]
Trying to scale your business to 8 figures and beyond? You’ll no doubt know the importance of carefully managed finances and cash flow to do this. But how do you keep your finances on track through periods of fast growth? Outsourced CFO services can help. By using the expertise and strategic guidance of an Outsourced […]
Do you have a sound financial growth strategy in place? If not, it’s never too soon to consider your next business move. You likely understand the importance of having a financial growth strategy, but that doesn’t mean you’ll always know the best ways to implement one. As bookkeepers, accountants, and financial advisors, NOVAA understands that […]
How do I drive profit growth for my business? Every business owner asks this question and the truth is, there are many ways to increase profits and drive your business forward. However, profit growth becomes more efficient with a focus on the right areas, and with the help of a strategic financial partner, like NOVAA, […]
Developing, building, and scaling a startup is a unique and challenging endeavor. Founders and CEOs are constantly facing the unknown with ups and downs at every step along the way. Out of all the various systems and processes required to grow a startup, none are more crucial than finance. Adam Greenberg, CEO of MakeShift, needed […]
Many businesses are catching on to the upsides of working with a tech-savvy accounting firm. In fact, an astonishing 78% of business owners say they would prefer to work with a tech-savvy accountant. Why? Tech-savvy accounting firms, like NOVAA, offer a variety of benefits traditional firms cannot provide. They bring efficiency, accuracy, and smoother processes […]
A strategic financial partner plans to put an emphasis on growth and long-term vision within your finance functions. It’s a way of building systems and processes that focus on the future. For many entrepreneurs, focusing on strategic financial planning leads to a successful business. However, because it requires a lot of strategizing and a strong […]
Managing cash flow can be a challenge for small businesses. Many factors come into play and if you don’t have a strategy or system in place, you’ll start to see your cash flow trend in the wrong direction. At NOVAA, we advise all of our clients to prioritize cash flow metrics as a primary step […]
For entrepreneurs, staying in control of your accounting year-round is more than an additional task to add to your plate, it’s a necessity. Your business relies on you understanding where it stands, financially, at all times. To gain that understanding, you have to know how to leverage automation, stick to your budget, mine value from […]