For as long as there have been businesses there have been issues with finding the correct and most effective office space to make sure that your outgoing dollar is maximized and that you are getting the most return for your outgoing dollar.This was true many years ago even when the economy was strong. Smart business people looked to get as much as they could out of the available office location. Today with revenue shrinking and employee...more
Among the most difficult activities to perform when planning an adjustment is getting everyone on board. It does not make a difference if you are hoping to get anything done at your job or at home or for your weekend basketball team, people have a tough time being instructed that they need to alter the way they have been doing something. This is particularly accurate for anyone who has been doing something a particular way for a long time. ...more
As a Canadian business owner and financial manager you realize you need business credit or a commercial loan, if not all the time, some of the time. Funds for your business are required for what everyone refers to as 'working capital '. That challenge is wrestled with everyday by your firm purchasing inventory, paying employees, investing in assets, and, unfortunately, waiting for customers to pay. And you of course are still waiting for those customers to pay.Business credit is achieved in a variety of manners. Financing alternatives are available for the start up firm to major corporations there are only 4 'minor' challenges around those alternatives.1.Are you as a business owner aware of all the different financing alternatives2.What are the advantages ( and disadvantages ) of those options3.What do they cost, how do they Work?4.Where do I get them?!And yes, we were being a bit facetious, because those are not MINOR challenges!We can safely say that if your company is credit worthy, has solid financials, is profitable, is in the right industry, and has lots of assets and collateral that you can be financed in totality by a Canadian charted bank .But there are thousands of...more
One of the biggest management challenges that businesses face is to develop good employees, not just those that serve the business, but those who work well together as a team. It is not always easy to find people who are driven, but also work well in a group scenario, but it is important. Take time not only to hire the right people, but to place...more
If you have a business, it is not just enough to market your products the traditional way. The Internet has changed the way we all do business. It is quite imperative that we have an online presence is we want to move forward with our business. This is one way of being able to reach out to more people that some of the traditional ways...more
Things have definitely changed in business over the past ten years or so. Gone is the day of having several filing cabinets or even a compactus for most businesses, but are you managing it well?Back then you'd meticulously bind every document into a file and then put it into the appropriately labelled hanging section in your filing cabinet. If you were that way inclined you'd put everything in writing in a fax or a letter. If you needed to refer to something then you'd walk to the filing cabinet.These days you'll send off an email that ends up in your sent items, which no-one else has access to. When you receive an email you might delete it after reading it, or move it into your own private folder structure if you're really well organised. Some people might even print them out and file them somewhere that no-one else would think to look because they're not used to paper filing systems.The better solution is to implement a software system based around your clients or projects to collect your emails, letters, faxes, spreadsheets, quotes and anything else that you would have put into a filing cabinet in days gone by.Plenty of software vendors offer systems to handle just this. A good...more
The market is flooded with business opportunities work from home. The process for a home based business starts with a dream. It then takes a step of courage toward that dream to make it happen. Courage also needs determination,...more
With today's advances in I.T. infrastructure technology it is now possible for many businesses running multiple computers on a network to operate globally, regardless of the company size. What used to be a big challenge for network administrators to...more
It doesn't seem to matter what organization they work for, or the services, the client base or the economic climate. We find that these individuals are in fact the top 3% of the professionals in their field. In addition to learning...more
ID card printing is one of the most lucrative businesses out there. This is primarily due to the fact that there is an endless need for identification cards. As long as there are businesses, companies, schools and institutions as long as there are...more
Among the many challenges faced by today's businesses is the huge mountain of paperwork that must be stored for years on end; paperwork that must be produced in the case of a tax audit or civil complaint. While the length of time...more
All over the world, there are literally millions of people that want to or are building a business. The challenge is that the majority of these people are not being successful in their business; they are having some real challenges. Unfortunately,...more