□ 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 [...]
Great article from Wayne Vanwyck of Profit Guide Enjoy, Don Now’s the time to start your 10-step succession plan Question: If you’re on the railway tracks and you cover your eyes and ears to avoid a train barrelling towards you, will you still be squashed like a bug? This is not a trick question. The answer is [...]
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 [...]
A snap-shot of Financial Performance One of the first things a buyer does when faced with a potential business that meets his, or her financial and lifestyle criteria, is to consider the following factors: How much money could I make with this business? How much is the current owner taking home from the business? How much has the owner taken in recent [...]
I came across this article by By Jen Schiller with business tips from A Christmas Carol one of my favorite this time of the year. Enjoy, Don As the holiday season bulldozes on it’s sometimes hard not to feel like Charles Dickens’ infamous boss Ebenezer Scrooge in the classic ‘A Christmas Carol.’ And business owners [...]
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 [...]
By Donald Robichaud Let us remember that the Christmas heart is a giving heart, a wide open heart that thinks of others first. You are all probably familiar with the Christmas time story of Dr. Seuss’, The Grinch Who Stole Christmas. Dr. Seuss was a favourite at our house and as my family gets a little bit [...]
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 [...]
I received an interesting call this morning from a lady in Washington state claiming that my Google Ad campaign was expiring and that I need to pay, $495.00 to extend the Ad. Interesting as I have no Ad camping and in 15 years of being on the web it’s the first time I have heard [...]
Are you a slave to Technology???? By IanBell.com. I have been using email since I was a bucktoothed 13-year-old hiding in his parents’ basement, hacking on electronic bulletin board systems, in the 1980s. The BBS scene was the first exposure many now 40-something nerds (including this one) had to email and other forms of electronic communication. [...]
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 [...]
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