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

The 8 Things You Can Do to Ensure Your Business Survives Divorce (#7 is just Nasty)

ensure your business survives a divorce

Since the beginning of COVID, a few business owners have asked me what measures they should take to divorce-proof their business. I think the more appropriate question is how to divorce-ready your business. Similar to the assets of a marriage, a company’s assets are considered mutually owned within a marriage. The complexity of a business can be far more challenging … Read More

How Do You Know if You are CRA’s Favourite Target?

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?

philanthropy can help 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

No One Wakes Up and Suddenly Decides to Become Charitable One Day

become charitable

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

How Does Tremendous Purpose Come From the Darkest Tragedy?

tremendous purpose

Does the hurting ever stop? I don’t know because I’m not even close to being there yet.  A big part of me wants the pain to go away but not at the cost of the memories.  The memories are what I cherish, what I hold onto when I want to feel close to Madeline. This is what I felt 2 … Read More