Thursday, August 15th, 2013 at
The obvious person who should read my book (you noticed I used should) is the youthful entrepreneur wanna-be who knows they have an idea bubbling in their youthful brain, can’t find a job in any field or maybe they are unemployable, but that usually happens later in life.
As I ponder, I realize my book wasn’t geared to a certain age bracket. I wrote it for those of us, at any age, who feel that they have something they want to do differently from the milieu, who want to be their own boss and determine their own future and yes, those who can’t find a ‘job’ in a chosen field.
As I went deeper I realized there are mainly two distinct age groups; the 25-39 age group (hey at 40 it all changes anyway) and the over 55 age group. Read the rest of this entry
Friday, March 27th, 2015 at
Small business needs support. There has never been a better time to secure finance and training depending on where the new business is in its stage of development.
The level at which a company seeks help from an outside supplier of programming and finance can be split up into two areas.
An incubator offering support and training works for beginning entrepreneurs while an accelerator works with advanced workshops and venture capital financing to a growing business.
There is a huge gap in the VC/Startup area. There is a lack of early investment with micro loans from $15, 20 up to $50k. Smaller funds that can handle early stage deals have been missing. Read the rest of this entry
Friday, March 27th, 2015 at
Guest Blogger – Cecile Peterkin
Habits are formed out of repetition and frequency, and in running a business, it is important that you form only the good habits and eliminate the ones that have negative effects on your business. If you’re not convinced that your business is reaching its full potential, then it’s time that you look into your own habits as a business owner so you may know if you’re actually running the business the way it should be.
Here we’ll talk about what some businessmen do habitually that is slowly destroying their business.
Not delegating tasks well enough.
You own the business, sure, but it doesn’t mean you can do everything for your business on your own. While you will be admired by many for working more than 50 hours a week, this is not a guarantee that you’re being efficient. In business, investing in the right people is a necessity. You have to be able to trust your people as well, so you can have time for what you do best as the business owner. Read the rest of this entry
Friday, March 20th, 2015 at
So, how many of you remember when a pound of bacon was a standard measure of food, 16 oz, – now it’s one fifth the size. Chocolate bars were big in our little hands as kids but seem very small today and most packaged products seem smaller.
Manufacturers want more money and they feel if they raise prices people will revolt so they diminish the size of the product hoping we won’t notice – bullshit. Some even reduce the size and increase the price. Consumers realize costs are increasing but subterfuge doesn’t make us trust these people, as if we ever did.
CBC’s Marketplace did a contest on a recent show to find the smallest shrinking products. Read the rest of this entry
Wednesday, February 25th, 2015 at
I was talking to a friend and entrepreneur in Florida today. We were talking about business and complaining how most of our connections were afraid of risk. Entrepreneurs were made to take risk otherwise there is no excitement and no reward at the end of the tunnel. Having said that, I’m speaking in terms of large rewards and huge opportunities that wait for no man.
My friend told me he respected me because I had huge cajones and was never afraid and always ready to take action when an opportunity arose. Some times the opportunities cry out to an entrepreneur but often it is very subtle. If you want big rewards you must take big risk (as the theory goes). I think there is a more cognitive and salient reasons a lot of businesses fail in the first. Yes Fail – in North America 80% of all businesses started up will last one year. Phew, seriously, besides all the usual suspects like the lack of money, poor planning, wrong people involved there is another reason for failure and my buddy gave me the perfect quote – “Some entrepreneurs are emotionally tied up in their Smallness”. Read the rest of this entry
Saturday, January 31st, 2015 at
Guest Blogger- Cecile Peterkin
If you’re like thousands of people quitting their office jobs to start their own business, chances are you’ve been looking around the web to get the best advice on how to make this huge career transition of yours a successful one. Creating a personal brand is surely one of those tips that almost all experts say you should do. However, many of the branding articles you will find online offer nothing but general advice that comes with no actionable steps.
The Key to Launching Your Brand
It shouldn’t take you months to prepare to launch your personal brand. All you need is patience and determination to spend long hours using your computer and getting work done. The secret here is Read the rest of this entry
Wednesday, January 28th, 2015 at
It’s tough sometimes to have a clear focus on what you want out of life. Many books have been written about it but there are some clear questions you can ask yourself to help you stay on track.
1. What is most important to you?
Some will say money or fame, others may say power? As long as you can define what you want from your business it one aspect of your focus. Some entrepreneurs see it as a way out from a repressing job or because they can’t find a job. Ouch, that’s the wrong attitude. Your focus needs to be what you want to work to not run away from.
2. What differentiate you from others selling the same product of service?
This often stumps entrepreneurs because they thing they are selling the same product Read the rest of this entry
Friday, January 16th, 2015 at
Andrew Vaughan/Canadian Press
Canadians will know this but for those of you outside Canada, Target, the large US retailer, announced January 15 that they would close 133 Canadian stores immediately laying off 18,000 employees. The sell-off started the same day with Senior Executives getting their pink slips first. In a year that saw major economic turmoil this was another blow to the economy, or soon will be, as this filters down.
How could a big US giant retailer lose $2.5B in each of the last 2 years since it opened across Canada to much fanfare? It seems inconceivable on the surface that a successful chain could lose so much so fast. It all comes down to Business 101.
I tell my clients some basic truisms when we start our mentoring sessions; study your customer, have enough stock and grow slowly so you get it right the first time. Sounds simple enough but… Read the rest of this entry