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Category Archives: Business investment planning

Succession Planning Advice

Succession planning tip #1 :Count the living people as living! In doing succession and estate planning, it is important to work through various scenarios and timing of life events and plan for each of them. Sometimes we make assumptions about certain events that don’t turn out to be true. One example is three brothers who came to see me for bus... Continue reading

Instant or Deferred Gratification?

There can be a tendency to celebrate short term business success too soon. Let’s say your business has a good month and you make a nice profit. Should you take a bonus? Should you reward yourself right away? There is a philosophy out there that says to wait – to defer to the future. This is based on the assumption that when a business does ... Continue reading

Economic Update – Quick and Informal

I am fortunate that my position as a business advisor allows me to observe how business is going across a number of industries. I also always try and get an informal 'pulse' of the region as I go about my business interactions. Many recent events are quite encouraging! The bottom line is things are really looking up for 2012 in the Windsor and ... Continue reading

Investing in Yourself is the Best Business Investment Plan

With all the turmoil in the financial markets, the big question recently is: Where is the best place to invest your money? The answer I give to small businesses... Invest in yourself. There is no dispute that there are risks associated with the investment in your business.  However, you have complete control over the investment and can monito... Continue reading