□ Are you worrying about where to find the money for the next payroll? □ Considering filing for a business bankruptcy? □ Afraid to answer the phone in case it’s a creditor? □ Meeting soon with your unhappy banker to persuade him not to call your loan today □ Searching the web for business turnaround, [...]
On February 2, 2013 the CBC aired an episode of Terry O’Reilly’s program, Under the Influence. The theme of the program was about choice and about how a customer makes a decision when a marketer gets a product in front of you, the buyer. Do I buy or not? Given too many choices of products or [...]
In the corporate world, a turnaround specialist is brought in to restore the fortunes of a stumbling company. Typically, this solution means replacing entire layers of management, cutting cost and jobs, and much needed attention given to new and existing product lines. We read about them in the business section of the newspaper all [...]
Turn your business around with the right borrowing strategy The bank manager just phoned and asked for full and immediate repayment of the line of credit because the latest, (and they were late!), financial statements showed continuing losses and falling sales. The company’s assets are eroding fast and the bank wants its money back while [...]
Have you bitten of more that you can chew? Restructuring your Corporate Credit with a Business Turnaround Debt and its management are at the core of a financial restructuring process for your business. In a typical business turnaround, it is the debt to suppliers, landlords and the government that has become unmanageable. Some of the [...]
Will your business fail because you can’t … ……..or won’t ask for help? Many business owners feel trapped and alone. But who can they ask for help? Can they ask competitors for help? Of course not! Employees don’t know the strains of being an owner and just want their pay cheque. They can’t help. A [...]
By JOHN TREACE Special to The Globe and Mail I have taken part in many business turnarounds in my career, and time and again I noticed the same problems, regardless of whether the reason for the turnaround was a relatively minor situation or a reorganization after bankruptcy. Here are the ten steps that need to happen during [...]
What is your Big Decision? CBC is now broadcasting Season 2 of its new show The Big Decision which is a spin off from The Dragon’s Den. The candidate’s on CBC’s The Big Decision programs have, to date; been well vetted and weekly they bring the different struggles of running a business in Canada to the forefront. The [...]
So you have a website, now what? You just spent 5k, 10K, possibly in excess of 15K, on that great looking website…and the phone is not ringing? Overview In the fall of 2008 Floodlight was approached by a florist who was struggling to survive. She had recently had a website designed by a local provider [...]
Head in the SAND??? Some entrepreneurs are very stubborn and like ostriches they stick their heads in the sand when things go wrong. A good illustration is a couple who owned a manufacturing business during the good years in 2003-7. When the economy turned down in 2008 their business slowed. Many competitors left town but [...]
Floodlight’s Consultant Andrew Gregson, Canada’s Pricing Strategy Business Coach is speaking at The Distinguished Advisor Conference for the Knowledge Bureau Join Evelyn Jacks and the Knowledge Bureau presenters for three days of learning the latest information, tips and trends in finance. NOVEMBER 11-14, 2012 NAPLES, FLORIDA Waldorf Astoria Hotel The Distinguished Advisor Conference this year, to be held in [...]
Business owners assume that their MISSION is to set a price for a product rather than for the customer segment. But, identical products or services can be sold with many different price and profit levels. Should you decide to read this post your business will not self destruct. You may actually start to charge more, sell more and [...]
October 25th 2012 Seating is very limited. Please book at 250-859-0752 Free Event – Donations Accepted for the Food Bank This event will discuss practical advice on: Living Well with the Money You Have Managing your Income Investing Well for Retirement When: October 25th 2012 Where: Rotary Centre for the ARTS – 421 [...]
I have taken part in several business turnarounds in my career, and time and again I noticed the same problems. Here are the nine steps that need to happen during any major business adjustment and some of the pitfalls to avoid along the way. 1. Assess the situation. Before a successful business turnaround can be [...]
CBC has recently launched a brand new show The Big Decision which is a spinoff of The Dragon’s Den. What we like about the show is the substantive business acumen that can be derived from the show. Canadian business owner’s can actually learn something about the running of a business and get a handle on how [...]
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