Is your time at the helm of your business running out?

We need to be prepared and to have considered our options in the event our lives change unexpectedly

Is your time at the helm of your business running out?What would happen if you had to sell your business this week due to illness? A man recently contacted me because his doctors told him that due to an illness, he had to stop working immediately. The problem was that he owned a business. How, he asked, could he comply with his doctors’ orders and…

Small businesses hurting from not being paid on time

71 per cent of Canadian freelancers and micro-businesses struggle to get paid on time

Small businesses hurting from not being paid on timeIt’s an issue that many Canadian entrepreneurs face – getting paid in a timely fashion. Now, a new survey released Monday by Interac Corp., indicates just how big of an issue it has become. The survey said 71 per cent of Canadian side hustlers (freelance or piecework in nature, providing a supplemental income) and micro-businesses…

Where the music industry congregates online

Shawn Wilson talks about how Muzooka works for more than 1.5 million artists and the industry built around them

Where the music industry congregates onlineShawn Wilson is CEO of Muzooka. What is Muzooka? Wilson: Muzooka is where musical artists and their teams manage their media assets across multiple platforms from one central hub. Update your photos, bio, social media and video links on Muzooka, and we distribute those to our many industry partners, who always need access to the…

Finding our way through the work maze to retirement

Business leaders need to create a culture where everyone contributes with passion and where everyone can plan for their future

Finding our way through the work maze to retirementA girl recently told me she wants to quit her job – she doesn’t want to work any more or go to school. “It sounds like you want to retire,” I said. “What would you do with all your time?” “I might want to do some travelling or play basketball,” she said. “I really don’t…

Half of private company owners who plan to sell have no succession plan

47% don’t actually have a succession plan in place and 27% have not involved the next generation to take over

Half of private company owners who plan to sell have no succession planMore than two-thirds of Canada’s private company owners are planning to either sell or transfer their business to the next generation, yet nearly half of those have no succession plan in place, according to a report from PwC Canada. The Once in a Lifetime report, released today, said private and family businesses are a critical driver…

Turning away a sales prospect might be the best thing you can do

Instead of thinking about closing every deal, we should be thinking about creating long-term value

Turning away a sales prospect might be the best thing you can doI recently told a prospective client I didn’t think I could add enough value and wouldn’t take his money for business coaching. I did this even though it would have been a nice-sized account and generate thousands of dollars in revenue. He has 20-plus employees and does $2 million to $3 million in business. But…

Putting networks to use to help your business thrive

Kerry George of the Canadian Imperial Business Network on the kind of game-changing information you get when you make connections

Putting networks to use to help your business thriveKerry George is CEO at Canadian Imperial Business Network. What’s the Canadian Imperial Business Network and what does it do? George: The Canadian Imperial Business Network or CIBN is a business networking organization that brings business owners, entrepreneurs, and professionals together for networking and knowledge. Our mission is to help Canadian business owners to thrive.…

Three traits define extraordinary leadership

True leaders possess what is identified as the following three intangibles of leadership: will, fortitude and self-efficacy

Three traits define extraordinary leadershipLeadership is one of those mysterious intangibles pundits have yet to get their hands around.  Considering the number of books and articles written about the subject, it's doubtful that it will ever be satisfactorily explained. Nevertheless, new insights keep coming. Why do certain CEOs relish taking on challenges that have literally ended the careers of…

Improving the odds of athletic success

Ron Wuotila of RW Sport Performance Consulting talks about the importance of leadership, commitment to detail, discipline and belief

Improving the odds of athletic successRon Wuotila is president at RW Sport Performance Consulting. What is RW Sport Performance Consulting and what do you do? Wuotila: I help high-performance sport organizations, coaches and leaders get better. Much of my consulting work with organizations focuses on assessment and healthy reflection as a means to ensure that they have the right strategies,…

The hard knocks of opportunity

If we invested in every opportunity that was presented to us, chances are we would be broke

The hard knocks of opportunityYou’ve probably never heard of Ron Wayne, but had he not sold his 10 per cent share in Apple Computer shortly after it launched, ultimately for US$2,300, he might now be as famous as partners Steve Jobs and Steve Wozniak. He could now be worth $40 billion. But he isn’t. Joe Green was Mark Zuckerberg’s…
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