What financial numbers are important?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] What financial information on my business should I be looking at, when, and how often? Answers from some of our board members…. GEORGE: In my business, being retail Canadian Tire stores, I would look at sales numbers every day, as well as the bank accounts. Each month I would have […]
Do I really need a lawyer for a shareholder Agreement?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Shareholder Agreement My business partner and I have a shareholders’ agreement, found on the net. We are ready to sign… Should we get a lawyer? Answers from some of our board members…. ERIC: As a litigation lawyer, my take is: The rights and obligations spelled out in shareholder agreements, particularly […]
Looking to hire?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] ASE discussion about hiring employees What would you, as an entrepreneur or executive, look for when recruiting employees? Some of our members have given his/her best practices… DOREEN: You would look for someone who is able to strongly understand the vision of your business in both making your business financially […]
Basics of a simple “Business plan”
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Business plan A most important and underestimated aspect of a business plan is the authenticity and credibility of the principal. Before anyone ‘buys’ your business plan they have to ‘buy and believe’ in you. Business plans and details vary depending on your targeted reader. Adjust the plan based on who […]
The price challenge
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] What price should I use? Whether you are selling products or services, setting the right price structure is crucial to maximizing profits. Set the price too high and the competition will grab the business, set the price too low and you leave potential profits on the table. First, know the […]
Solidifying a trusted team
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Does this sound like your situation? You have run your business for some years and now have a foundation for an enduring small business Your revenues and number of employees/contractors are rising and you are seeing some reasonable bottom line numbers You have trusted people and/or are looking to fill […]
Dealing with Human Resource in your Company
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Human resources Whether a corporate, retail or professional business, any employee based operation will, at various times, incur human resource (HR) issues. As certainly as you open a business and hire people, it’s assured a situation will arise between you and an employee[s] that needs to be handled with sensitivity […]
In Search Of the Right Bank for Your Business
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Banking Choosing a good banking institution and developing a good working relationship with a banking advisor is critical for any size, new and growing business. Your bank is your business’s most important supplier. Shop around for a compatible bank. Find a banking advisor who is genuinely interested in your business, […]
The Power of Advertising
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] Get the most out of your advertising budget Most small businesses shy away from paid advertising for the obvious reason; it is just too expensive. However, it is a well-known fact that advertising brings in business. ‘Front of mind’ is a well heeded mantra. Even previously happy customers may, in […]
Are you hiring a Contractor/Employee?
[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.0.106″ background_layout=”light”] “We often encounter situations where a Business owner advises us that all of the people working with them are……”Independent Contractors” rather than employees and as a result they cost the business significantly less than if they are employees. It is not always easy to tell if someone is an employee […]