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Tag Archives: business advisory services

A Focused Approach to Business

We have many new ideas and products in development at The Business Therapist® and this week we are taking our own advice – focus on one thing and make it happen! We have a book in development on family business dynamics and another book about small business strategies for taking on big box competitors. We are also exploring platforms for digit... Continue reading

Expert Knowledge as a Product

How many times does the boss have to politely and respectfully deliver the same message to the same employee for them to get it? Why is it if an outside expert comes in and tells the employee the same thing, they suddenly get it? It can get really expensive hiring experts to come in and work with your employees every day.  Fortunately, the world... Continue reading

Who Will Buy Your Business?

I had a tour of a town in the oil patch in Alberta this week. The local tour guide pointed out a lot of small businesses that had similar attributes:        Started 20 to 30 years ago by one guy and one piece of equipment and now it has 20 to 25 employees, a fleet of trucks, or trailers, or drilling equipment, or other tools of the trade to ... Continue reading

The Importance of Small Businesses

Saturday, October 20th 2012, Canada celebrates entrepreneurs and small business with the first Canada’s Small Business Saturday, an initiative by the CFIB (Canadian Federation of Independent Business) and Interac. Why is important to ‘fish in our own pond’? Doesn’t our livelihood come from our own community? Why would we take our local e... Continue reading

A Small Business Succession Plan Needs a Quarterback

Succession planning is a huge multi-year process. Even at the small business level there is a number of 'players' involved: -          The insurance agent looks at the insurance need. They think more insurance is better. -          The banker wants security from everyone involved - the retiring shareholders and the new level ... Continue reading

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