Lost the passion? Not making enough money? It's decision time
Jen’s business was on the rocks but I was a bit surprised when she came into my office and told me she had just taken a job. Jen’s business was 18 months old, and she had been referred to us for business development to help her capture a new market. Our previous two meetings had…
An organizational strategy for reducing lies and increasing candour at work
Lies in the workplace are expensive. According to the Association of Certified Fraud Examiners, a typical organization loses five per cent of its revenue to fraud – a potential global loss of $3.5 trillion. But the cost of out-and-out fraud pales in comparison to the monumental cost of the erosion of trust that occurs when…
Ten ways you might be cheated and what you can do to reduce your risk
James and John came into my office one day and were noticeably shaken. James had just come from the accountant and learned that his business had lost $400,000 in the previous year. In obvious disbelief, he asked if I could help him figure out what the problem was. In our discussion it came out that…
Focus on being honest and ask for help, consider a sabbatical and trust yourself
I bumped into Julie’s father at the grocery store and asked how his daughter’s business was doing. He told me she was going through a rough patch, so I called Julie. The first thing I noticed was Julie’s voice: the excitement was gone, and her energy seemed depleted. She told me about everything that was…
Here are a few warning signs that you may be falling into the clutches of a bad investor
In an ideal scenario, your deal has attracted such interest that you have the luxury of choosing your investor. Most entrepreneurs are not afforded this luxury and will often need to take the investment dollar that is offered. This I understand. Raising money for emerging companies can be incredibly difficult so, when money is offered,…
What would happen to your business if you were unable to continue?
My father had a stroke last week. Thankfully, at almost 83, this is one of the first serious ailments he has had in an otherwise healthy life. However, observing the debilitating effects and chaos that a serious illness can have on a person and family made me understand the need for leaders to have plans…
Here's what you can do about it
If you’ve ever been in a leadership position, you’ve probably gone through a time when you didn’t feel very effective. Perhaps you were sitting at your desk wondering what to do next. Maybe you felt overwhelmed with the tasks at hand and wanted to give up. This might have happened when you had staff who…
Four questions to ask to ensure your leaders know what they are doing
The world is full of bad leaders. Luckily for the rest of us, they are pretty easy to spot and tend to have limited impact because they generally do not have much influence or staying power. The real concern should be with leaders who are not bad – they just aren't very good. These are…
If you take your time, and trust your gut, you are more likely to find the best candidate
Hiring is rarely something managers look forward to. It often feels like an arduous process that ends in a crapshoot. But there are strategies that improve your odds of hiring well. Don’t stay inside the box. In my experience, employers do not cast a wide enough net when they recruit talent. Human resources professionals and…
Many business owners are struggling to survive. These grants could help
With the changes in the economy, many business owners are struggling to get a foothold on what they need to do to ensure their business is stable now and into the future. As a business coach, I’ve seen some tremendous transformations when businesses have had the opportunity to hire outside help to guide them towards…