Businesses don’t do business with other businesses. People do business with other people. Your people need processes and information so they can perform at their best, provide proactive value to your customers, and generate positive results in your business. Your resources include your people, processes, and information. When someone gives me their accountant prepared financial … Continue reading Resources
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It’s All About Management
If real estate is about “location, location, location,” then business is about “management, management, management.” Management is about building trust with people by sharing information, keeping people focused on the vision and purpose of the business, and holding people accountable for performance to achieve your vision. My first management mentor was my Uncle Peter who, … Continue reading It’s All About Management
What Is Your Strategy?
If I asked your employees what your business strategy is, what would they tell me? What would they tell you? Well, you can ask them, and then tell me what they say. (I’ll post your responses here, anonymously of course.) Last week, I concluded with this advice: The three most powerful drivers for any business … Continue reading What Is Your Strategy?
Why I Do What I Do
Welcome to the inaugural issue of my new newsletter, “The Triple Double.” My real business education isn’t from my CPA or MBA. It began when my family almost lost everything. They bought a business…but they couldn’t find any advice on how to survive 23% interest rates or how to manage or grow that business. Advice … Continue reading Why I Do What I Do
Introducing “The Triple Double”
Welcome to the inaugural issue of my new newsletter, “The Triple Double.” I’ve written this newsletter to help business leaders of mid-market companies (and those who want to become mid-market companies) to double their revenue, profit, and valuation. Why do I focus on helping organizations achieve a financial Triple Double? Figure 1: The Triple Double™ … Continue reading Introducing “The Triple Double”
Announcing the 2016 CAFE Regina Board of Directors
The Canadian Association of Family Enterprises Regina chapter, or “CAFE,” is pleased to announce the CAFE Regina 2016 Board of Directors. Front row, left to right: Roland Schulz, Schulzco Holdings; Phil Symchych, SME Business Wealth Builder & Co; Carole Morsky, Morsky Group; Sherry Knight, Dimension 11; Petra Coutts Schiebel, Coutts Courier (Managing Director); Back row, … Continue reading Announcing the 2016 CAFE Regina Board of Directors
2016: What’s your business growth plan?
A business growth plan will help you to accelerate profitable growth, increase the value of your business, improve your working capital, and build your business wealth. However, planning isn’t natural for many people. When we were kids in school, we didn’t need a plan. We simply wanted to get promoted to the next grade. In business, … Continue reading 2016: What’s your business growth plan?
Wealth Builder Business Lunch Update for Business Owners
Today at lunch, I hosted several business owners, a CPA, and a private wealth banker. We talked about the strengths of our diversified local economy, celebrating 30 years in business for a couple of entrepreneurs, and how important it is to have your will updated and current. Did you know: Wealth is much easier to … Continue reading Wealth Builder Business Lunch Update for Business Owners
Wealth Builder Business Lunch Update for Business Owners
Today at lunch, I hosted several business owners, a CPA, and a private wealth banker. We talked about the strengths of our diversified local economy, celebrating 30 years in business for a couple of entrepreneurs, and how important it is to have your will updated and current. Did you know: Wealth is much easier to … Continue reading Wealth Builder Business Lunch Update for Business Owners
The worst thing a start-up business can have is too much cash.
That’s because they’ll burn through the cash before they’ve figured out their business model, attracted customers, and generated their own cash. Start-ups need three things: Courage Customers Cash flow from internal operations Beware of start-ups with Herman Miller chairs. In fact, they shouldn’t have any chairs. Nobody should be sitting. Everyone should be out hustling … Continue reading The worst thing a start-up business can have is too much cash.