It’s Not What You Sell Your Business For, It’s What You Keep

It's not what you sell your business for

There are many discussions these days about how much businesses are actually worth. You hear about companies being sold for tens or hundreds of millions of dollars, and it can be tempting to think your business is worth just as much. But many people don’t realize that the sale price isn’t nearly as important as how much you keep for … Read More

8 Most Common Mistakes When Selling Your Business

mistakes when selling your business

When you’re ready to sell your business, it’s essential to make sure you avoid common mistakes. It’s important to note that these mistakes are as much about psychology as methodology. Most of these mistakes happen when business owners don’t have a clear plan for how they want to sell their business. I’ve seen business owners wake up one day and … Read More

5 Less Than Obvious Signs That You’re Heading for a Depressive Episode

depressive episode

I remember the first time I experienced a depressive episode. It was October 2008; we had just experienced the financial meltdown of the stock markets, the Canadian dollar started to plummet versus the US dollar, banks slashed our Line of Credit, and I felt utterly helpless. My business partner and I were forced to make a series of rapid-fire decisions, … Read More

Immediate Financing Arrangement: The Ultimate Don’t Pay Until Later Solution

immediate financing arrangement

We’ve all heard the enticing advertisements, the “Don’t Pay a cent for 24 months” event. When I hear these ads, I think of a Bad Boy or The Brick commercial. There is an incredible opportunity for business owners to do the same thing with financing their life insurance policies. Consider the Immediate Financing Arrangement (IFA); the ultimate don’t pay a … Read More

Is it Time for Business Owners to Take Off Their Invincibility Cloak?

entrepreneur's invincibility cloak

Something about the phrase, “Don’t worry about it,” automatically has the opposite impact on me. Whether it comes from one of my kids or someone trying to convince me of something I’m unconvinced about, that phrase always makes me suspicious. Here is a story where a business owner was told by his business partner, “don’t worry about it,” when asked … Read More

Top 5 Things To Do if You’re Feeling Stuck in Life 

Are you feeling stuck in life? Do you feel like you don’t know what to do next? If so, don’t worry. You are not alone. I’ve been there, and it’s not a great spot to be in.  Whether you’re questioning your career, marriage, financial future, purpose or just wanting to wake up happy more days than you’re not happy, it’s … Read More

Indifference Never Made a Difference

Indifference Never Made a Difference

In honour of Mental Health Awareness Week, I wanted to share a story that happened to me a few weeks ago. It’s a reminder that we always have choices, but the choice to do nothing isn’t one of them; indifference never made a difference. I moved into a new place just over a year ago. It was an older building … Read More

Looking to Hire Great Talent? Try Appealing to Employees’ Social Consciousness

Looking to Hire Great Talent? Try Appealing to Their Social Consciousness

Hiring new talent has never been more competitive. Holding onto your existing employees has never been so difficult. To attract and retain talent, you need to pay competitively, let them do meaningful work, and coach and mentor them to succeed. If you’re genuinely trying to differentiate your company to attract prospective employees, try appealing to their social consciousness. It is … Read More