Posts

M&A deal

M&A opportunities and challenges in the COVID-19 era

COVID-19 changed our world overnight as it quickly evolved from a global health crisis to a global economic crisis. Countries around the world closed non-essential businesses and pressed pause on their economies in order to stop, or at least slow, the spread of the novel coronavirus. A global pandemic was always going to be bad […]

Tesla CEO Elon Musk reminds us about the importance of delegating work

In today’s business environment, leaders are encouraged to speak in a transparent, honest way to their employees, customers, partners, suppliers, shareholders and any other party that may be somehow connected to their organization. Some even take the opportunity to speak of their failures just as readily they discuss their successes. From Facebook executive Sheryl Sandberg […]

How budgeting pitfalls can derail a start-up’s success

The early days of any new business are the most exciting. That’s when entrepreneurial hope springs eternal, when innovation and ideation are most important and when unbounded growth seems just a few sales away. It’s a fun—if somewhat terrifying—time. Many business owners will develop detailed business plans as they launch a new company, often with […]

How entrepreneurs can overcome cash flow challenges

If finance and accounting were easy, there would be far more successful businesses operating (and thriving) in this country. It’s a point I made in Pt. 1 of this two-part series on tackling one of the toughest challenges facing any small to medium-size business owner: cash flow management. In that last post, I noted a […]

The 5 most common cash flow challenges for entrepreneurs

There are plenty of reasons why small and medium-sized businesses (SMEs) succeed in their respective marketplaces, but perhaps even more why they don’t. From developing products and services that their target clientele really doesn’t need, to strategic miscalculations, Canadian SMEs face a raft of obstacles to achieving business success. There’s one challenge that can be […]

Five challenges of business growth—and how to overcome them

It’s the entrepreneur’s dream—come up with an idea, develop a business plan, start building out a product or service, then take it to market and experience rapid year-over-year growth. But in almost every case, fast growth comes with strategic business challenges. Some of them are so daunting they can push a company off the rails […]