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Tag Archives: business advice

Understanding the Canadian – US Exchange Rate & 2 Money Saving Tips

First let’s make sure you understand how the rates are calculated by the banks. The percentage used to calculate the exchange is not the same as the difference between the two currencies. For example: If 1.00 dollars Canadian equals .80 dollars US, you might assume the percentage to calculate exchange is .20 or 20%. It’s not. If you ar... Continue reading

New Year Predictions – Have Caution

‘Tis the season when it’s common to see predictions for the New Year. It is important to be keep the following in mind when reading predictions; whether business, economic, personal or trend related. Predictions allow for an open interpretation of data Predictors are allows to pick and choose whatever data and facts they like and manipulate t... Continue reading

Enjoying Your Life

I recently found this picture that I took in St. Maarten a few years ago which made me stop and think. I wondered how hard the owner of  the 120’ yacht would have worked to buy it? What sacrifices did he make? Did he feel like the 'king of the hill' when he bought it? So I made up the following commentary for the picture: Joe Business Owner ... Continue reading

Establishing a Baseline for Business Growth

Since it’s the beginning of a new calendar year, it’s a great time to make sure your business has a baseline for measuring growth in 2013. If you can measure your activities and results properly, you can quantify your growth. Each of the following should be available to you for each month of last year as well as the total for last year: Reven... Continue reading

5 Tips for Successful New Year’s Resolutions

It is the time of year we make New Year’s resolutions or goals for 2013. Here are some tips to increase the probability that you will achieve your goal: 1)     Focus on only one goal at a time - Pick the most important one. It's OK to pick an easy but important goal. When you accomplish it, you will want to keep going on to the next goal. 2)... Continue reading

The Basics Still Grow Your Business

Sometimes in our search for the latest and greatest new idea to help businesses grow for freedom and cash, we can stop focusing on some basic growth strategies - so let’s review some business basics: 1)    Referrals from your good customers -          Do you actually ask them for referral business? This may sound too simple, but doe... Continue reading

There is No Magic Pill for Small Business Success

If we could just invent a magic pill that business owners could take to solve all their problems – our business problems would be solved too! And a lot of times, we come across business owners looking to us to provide the magic pill. While you might think they would be good clients, actually they are not. It never works unless the business owne... Continue reading

Academic Degree vs. Real World Experience

I have a friend who is a great consultant. He has worked for multinational clients and literally saved them millions of dollars. He uses a proven methodology that he learned at a previous employer. However, he does not have a graduate university degree or a professional degree. He is not an MBA, C.A., or a P.Eng. How much does this matter to ... Continue reading

How to Hire an Employee – Quick Tip

So what’s the best thing about your business? – The people! So what’s the biggest frustration about your business? – The people! Here's a short and sweet suggestion: Hire for attitude, train for skill I first heard this saying from Herb Kelleher, who was the founder of Southwest Air. He found it was too hard to change attitudes, bu... Continue reading

Financial Statements Versus Business Activities

I recently spent some time in California with a large accounting firm. We got on the topic of the financial statements. I asked them how their business clients embraced the financial statement discussions. The accounting firm of roughly 100 people and 8,000 clients shared a common frustration with me: “If we could just get our business client... Continue reading