Business owners work hard at perfecting their business to make a living, earn a profit and ultimately sell or transition the business to another group of owners or family members. At the end of the year, our income statements and balance sheets generally indicate whether we were successful. You work incredibly hard to streamline operations, manage costs and perfect processes … Read More
What Role Should Charity Have in the Sale of Your Business?
How are a charity and the sale of your business even related? One represents the ultimate capitalist success story, and the other is an organization set up to provide help and raise money for those in need. Here’s the link. For many business owners selling your business represents the most significant tax event in your lifetime. Charity represents an excellent … Read More
11 Essential Mental Health Coping Strategies for Entrepreneurs
Being an entrepreneur can be one of the most rewarding and liberating things you can do as a career. Equally valid, being an entrepreneur can be one of the most frustrating and emotional roles you can choose to make a living. Schools are great at teaching you how to succeed when starting a new business, but do these schools properly … Read More
How 6 Factors Will Help Your Business Survive and Thrive Through Succession Planning
For many entrepreneurs and business owners, their business represents their single largest asset. Depending upon the size of the business, it likely dwarfs the value of their home or other assets. Like selling your home, to attain the most significant selling price, you will have to invest some upfront time, money and energy into fetching the best asking price possible. … Read More
Do We Have a Responsibility to the Entrepreneurs of Today and Tomorrow?
Being an entrepreneur can be one of the most rewarding and liberating things you can do as a career. Equally valid, being an entrepreneur can be one of the most frustrating and emotional roles you can choose to make a living. Schools are great at teaching you how to succeed when starting a new business, but do these schools properly … Read More
How Do You Know if You are CRA’s Favourite Target?
No one wants to be in CRA’s cross-hairs. You may be an unsuspecting victim even if you’ve done nothing wrong. We’re not talking about people who are guilty of tax evasion or tax avoidance. Your only criteria may be your marital status. If you are single, divorced or widowed, then you may be CRA’s favourite and unsuspecting victim. If you … Read More
9 Powerful Ways That Philanthropy Can Help to Build Your Brand?
Being altruistic usually means putting the needs of others ahead of your own needs. So discussing how philanthropy can help to build your brand almost comes across as being hypocritical. But being generous and charitable doesn’t mean that you can’t beat your chest a little, especially when it comes to being good corporate citizens and leaders in your community. Here … Read More
8 Tragic Things People Don’t Understand About Losing a Child
Earlier this month was Suicide Prevention Day. It’s been more than 6 years since we endured the tragic loss of our beautiful daughter Madeline. Since this tragic event devastated our family’s lives, I have felt a multitude of different emotions ranging from anger, gratitude, helplessness and, of course, inconsolable sadness.I read a blog post by Paula Stephens, “What I Wish … Read More
No One Wakes Up and Suddenly Decides to Become Charitable One Day
In the past, I would never describe myself as being particularly charitable. It’s not that I wasn’t compassionate or I was completely selfish, but to be honest, I didn’t think that anything I contributed towards charity would make a meaningful difference. I wasn’t able to write a significant cheque. The other reason, there wasn’t a particular cause that I was … Read More
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