Three tips to keep your staff happy, productive and loyal

Keeping a worker is easier, faster and less expensive than replacing one

Three tips to keep your staff happy, productive and loyalAmong the many challenges facing businesses today is getting and keeping enough employees. The pandemic is often blamed for the labour shortages. Many people received income maintenance payments, sometimes exceeding their previous salaries, and no longer had to work. Stopping the subsidies may or may not bring them back, although raising wages will help. Others…

How to deal with the pandemic of quitters

Three reasons your staff might be quitting and what to do about it

How to deal with the pandemic of quittersA pandemic of quitting seems to be rolling across the nation. This has compounded the difficulty many organizations have faced over the past year finding and retaining good staff. Every week I hear a new story of companies losing what they thought were loyal staff and struggling to find quality replacements. There seem to be…

All venture capitalists are not created equal

Don't be that guy who gets mad after buying a car without first performing a test drive

All venture capitalists are not created equalMost times, raising capital is a tough haul. Endless pitching, gruelling due diligence and an enormous commitment of time and money are usually required. But, once in a while, a company rises and grabs the attention and the imagination of a swarm of venture capitalists (VCs) in a relatively short period of time. Maybe the…

Money and passion should be partners in a successful business

Lost the passion? Not making enough money? It's decision time

Money and passion should be partners in a successful businessJen’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…

There is a high cost to workplace deception

An organizational strategy for reducing lies and increasing candour at work

There is a high cost to workplace deceptionLies 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…

Is your company being ripped off by your employees?

Ten ways you might be cheated and what you can do to reduce your risk

Is your company being ripped off by your employees?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…

Are you in a leadership slump? Five things to revive yourself

Focus on being honest and ask for help, consider a sabbatical and trust yourself

Are you in a leadership slump? Five things to revive yourselfI 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…

Beware the bad investor

Here are a few warning signs that you may be falling into the clutches of a bad investor

Beware the bad investorIn 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,…

Three things leaders can do to prepare for calamity

What would happen to your business if you were unable to continue?

Three things leaders can do to prepare for calamityMy 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…

Are you failing as a leader?

Here's what you can do about it

Are you failing as a leader?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…