This week, we welcome Anne-Marie Henson, BDO partner from our Montreal Office. Anne-Marie works with public companies, as well as many technology companies in both the start-up and scale-up stages. We discuss the difference between a scale-up and a start-up, why taking time to think over investment decisions matters, and a few success stories of companies who understood the benefits of investing time in accounting and finance upfront.

What You'll Hear In This Episode:

[1:53] What is the difference between a start-up and a scale-up?

[5:35] Companies that are successful as they grow and scale are companies that see accounting and finance as more than just compliance.

[8:40] When a start-up ensures they have the right information to make appropriate business decisions, it gives investors confidence and that warm fuzzy feeling.

[11:12] The implications of accounting could have real long-lasting business implications.

[13:48] Anne-Marie gives an example of a company that succeeded because it understood the benefits of investing time upfront.

[20:38] The first area where we see the most in terms of complexities is financing.

[31:43] Accounting can be really complicated, especially when a company is at the stage where you're trying to raise funds and you don't have access to traditional financing. The more you know about the implications, the better prepared you are as a founder to be able to advance and communicate these implications to your stakeholders.

Mentioned:

Anne-Marie Henson BDO

Additional Insights Top 4 Accounting Challenges Businesses Face As They Scale Up Click here to read article