When was the last time you put your pricing strategy on trial? It may be tempting to “leave well enough alone” and either not raise prices or simply implement small price increases each year. However, it could be time to fundamentally rethink your pricing model and experience a significant jump in profit.… Read more >
If you’re in the market to buy a business or considering it in the future, conducting a thorough business valuation is crucial. Each situation is unique, so be sure to take your time and do your homework scrupulously.
To help you in this process, I found a helpful article from the Business Development Bank of Canada.… Read more >
Have you ever had someone say to you, “Please let me finish,” or “You’re not listening to what I am telling you?”
These are all cries for attention. Most people, in the heat of an exchange with others, do not recognize it, or worse, acknowledge it. The people who really make me take note of their wisdom and cleverness are mostly people who get me to babble about myself, my experiences and things that make me feel warm and fuzzy.… Read more >
The modern market demands that business owners and CFOs balance two seemingly contradictory tasks to achieve financial growth. They must maintain the stable core of the business while simultaneously looking for innovative ways to adapt to future challenges to maximize long-term financial growth. This concept of “dynamic stability” is the focus of a great article on CFO.com.… Read more >
Whether your business is a start-up or has been established for quite some time, developing an accurate forecast can be a challenge and doesn’t always end up being accurate. Regardless of this fact, forecasts are an important tool to measure success and should be used no matter the size of your business.… Read more >