Submitted by Scott Donovan on
10 key decisions for business owners
Key decision 8 - Will you sell your business?
Many business owners in Canada will exit their business by selling to a non-family member. However, only a small percentage of owners planning to transfer their business in the near future have a succession plan.
Submitted by Scott Donovan on
10 key decisions for business owners
Key decision 6 - What can you do to deal with the unexpected?
Would your business be prepared if a catastrophic event occurred? Do you have a plan to cover the potential loss of a key person through choice or due to serious illness, disability, or death, or to mitigate the consequences of a divorce, which can have a substantial impact on a family business?
Submitted by Scott Donovan on
10 key decisions for business owners
Key decision 5 - How will you reduce your risk?
As a business owner, you’ve worked hard to accumulate your assets, so it is important to take precautions to protect them from risk. Following are some strategies that may help.
Protect personal assets
Submitted by Glenn Stewart on
Do You Know your Home Office Insurance Needs?
Your business is just started so that you may not even have an office and are working from home. It’s just you and your computer in your den or you and your tools in your garage.
What happens if something goes wrong in your home work area? What if someone steals your tools or your computer gets trashed in a basement flood or a fire?
Submitted by Glenn Stewart on
Digital business incompetence' will cause 1/4 of companies to lose competitive ranking
A quarter of businesses will lose competitive ranking over the next few years because of “digital business incompetence,” according to research firm Gartner.
Based on a survey of 151 participants involved in digital business strategy, 90% said they thought competition for talent will make or break digital business success, Gartner says.
Submitted by Glenn Stewart on
Mistakes to Avoid when Running a Small Business:
January 19, 2013 Small Business Comments
Neglecting Expenditures
Submitted by Lucie M.H. Fournier on
Well, it's a New Year and I, for one, have decided that this year will be amazing! What about you?
There is an old saying that says, if you keep doing what you've been doing, you will keep getting the same results. Yuck! for some. Great! for others. I believe we are all capable of making a success of our lives whether this be personal or professional. And for many small business owners, these two fields overlap all too often. The ultimate question I find difficult to answer when someone asks is, 'Tell me about yourself.' What do they really want to know?
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