THOUGHT Leadership
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The Importance of Value Drivers for Business Owners
ArticlesValue drivers are business characteristics that drive growth. Regardless of your organization’s industry, it is important to consider these drivers: next-generation management, growth strategy, and customer, suppliers, products, services, and industry diversification.
The Importance of Knowing the Value of your Business in a Business Transition
ArticlesWhen thinking of exiting your business, entrepreneurs must understand the value of their organization. Business valuation can be a complex process but it is an essential part of a business transition. There are a few different approaches that you can take to understand how much your business is worth. The three primary approaches are known as the Income Approach, the Market Approach, and the Asset Approach.
3 Ideas That Will Help You Achieve Your 2022 Business Goals
ArticlesWhether you are thinking about decreasing turnover, bringing in new technology, increasing sales and customer loyalty, working on your exit strategy, or transitioning your business, it is important to build a strategy that is realistic for you and your organization. Making a solid plan and coming up with an effective strategy to achieve your 2022 goals is essential to make sure that those plans become a reality.
What Should Business Owners Expect in 2022?
ArticlesSince 2020, the world has been dealing with rapid transformations across every business sector. Our world is changing extremely fast and business owners must be ready to adapt and take action if they want to keep up with these changes.
How to Build an Authentic Social Media Presence
ArticlesIf your brand does not have a presence on digital platforms, it is as if your business does not exist. Your social media presence determines how your customers will perceive you, and you must dedicate time and effort to curating it.
3 Benefits of an Engaged Workforce
ArticlesThe benefits of an engaged workforce are endless. Employees that feel valued and cared for within an organization are less likely to be absent from work and are more likely to stay with you for the long-term and therefore minimize turnover in your business.
Business Model Adaptation: How Do I Change?
ArticlesJust as with any other aspect of an organization, business owners need to be prepared to make changes and adapt their business models to fit current circumstances.
How Will You Exit Your Business?
ArticlesEventually, all business owners will have to consider exiting their business. Which exit strategy best suits you and your business’s needs?
What is Employee Engagement and Why Does it Matter?
ArticlesDuring the past year, some of your employees may have felt isolated, worried, and/or anxious about their future in your organization. As you prepare to welcome them back into your company, it is critical to make employee engagement a priority.
Three Things You Need to Know about Creating a Winning Business Model
ArticlesOwners need to develop a market-focussed business model to deal with the fast-paced changes they are faced with. The main consideration needs to be that conventional strategic thinking will no longer serve you in the “new normal.”
How to Turn your Customers into Loyal Enthusiasts
ArticlesWhen your customers become your fans, you will quickly realize that you have the potential to increase your revenue without having to increase your marketing budget. Word-of-mouth is a powerful marketing tool and when your customers are also your loyal fans, they will often do the work for you.
Get the Jump on Disruption
ArticlesEver since the beginning of the pandemic, years’ worth of market and business changes have been compressed into days, weeks, and months. This has been highly disruptive for small businesses, requiring business owners to rethink their business model. Despite the unprecedented changes, we’ve seen many small business owners weather the storm and keep up with business disruptions, altering their offering in ways they have not imagined before.
First You Feed Your Unicorn
ArticlesCOVID-19 was completely unprecedented and happened so fast that unfortunately for many, no matter how fast they reacted, they could not contend with it. So how do you plan for something that no one has ever experienced before?
Three Lessons 2020 Taught us About Building Value in 2021
ArticlesBusiness valuation is a complex process, and many different factors need to be taken into consideration to determine how much an organization is worth. We have narrowed this down to three lessons that came out of the past year and that owners need to build on in 2021.
Three Ways to Continue Building Value During the COVID Second Wave
ArticlesWhat is the next step in this strange new normal? How do you continue to not only survive, but to build value in your business - even now as we are in the second wave of this pandemic?
3 Steps to Put Strategic Planning into Action
ArticlesMany owners are reworking their plans to
counter the impact of the pandemic on their business. But how can they
ensure all of the thinking that has gone into developing that plan is
put into action? Try these three steps.
How Can You Lead in the Midst of Uncertainty?
ArticlesThere is no denying that these are extremely difficult and challenging times for leaders all around the world. But how can leaders lead in such unprecedented times? How can businesses engage with risks to ensure positive outcomes for their organization? It all comes back to one word: trust.
“You Can’t Always Get What You Want” – Mick Jagger 1968
ArticlesOwners who have been wanting to sell or step back from their business, have been particularly hard hit during this global turmoil and, as the song goes, must now deal with not being able to get what they want. What happens to our ability to project continued growth in a world that has been turned upside down? What is the bottom line for owners planning to exit?
How to Take Back Control
ArticlesThe COVID-19 pandemic is a huge challenge for business owners, and likely the biggest crisis you as a business owner will ever face. Despite this, it is possible to take back control of your life and your business.
Seven Tips For How To Scale Your Business For Sale
ArticlesAs with most things you’ve dealt with in building your business, tackling the issue of scalability starts with accepting the fact that you will most likely have to make some changes. And as Einstein said, the biggest change you will need to make is how you think about your business. I call it creating a scalability mindset.
The Importance of Value Drivers for Business Owners
ArticlesValue drivers are business characteristics that drive growth. Regardless of your organization’s industry, it is important to consider these drivers: next-generation management, growth strategy, and customer, suppliers, products, services, and industry diversification.
The Importance of Knowing the Value of your Business in a Business Transition
ArticlesWhen thinking of exiting your business, entrepreneurs must understand the value of their organization. Business valuation can be a complex process but it is an essential part of a business transition. There are a few different approaches that you can take to understand how much your business is worth. The three primary approaches are known as the Income Approach, the Market Approach, and the Asset Approach.
3 Ideas That Will Help You Achieve Your 2022 Business Goals
ArticlesWhether you are thinking about decreasing turnover, bringing in new technology, increasing sales and customer loyalty, working on your exit strategy, or transitioning your business, it is important to build a strategy that is realistic for you and your organization. Making a solid plan and coming up with an effective strategy to achieve your 2022 goals is essential to make sure that those plans become a reality.
What Should Business Owners Expect in 2022?
ArticlesSince 2020, the world has been dealing with rapid transformations across every business sector. Our world is changing extremely fast and business owners must be ready to adapt and take action if they want to keep up with these changes.
How to Build an Authentic Social Media Presence
ArticlesIf your brand does not have a presence on digital platforms, it is as if your business does not exist. Your social media presence determines how your customers will perceive you, and you must dedicate time and effort to curating it.
3 Benefits of an Engaged Workforce
ArticlesThe benefits of an engaged workforce are endless. Employees that feel valued and cared for within an organization are less likely to be absent from work and are more likely to stay with you for the long-term and therefore minimize turnover in your business.
Business Model Adaptation: How Do I Change?
ArticlesJust as with any other aspect of an organization, business owners need to be prepared to make changes and adapt their business models to fit current circumstances.
How Will You Exit Your Business?
ArticlesEventually, all business owners will have to consider exiting their business. Which exit strategy best suits you and your business’s needs?
What is Employee Engagement and Why Does it Matter?
ArticlesDuring the past year, some of your employees may have felt isolated, worried, and/or anxious about their future in your organization. As you prepare to welcome them back into your company, it is critical to make employee engagement a priority.
Three Things You Need to Know about Creating a Winning Business Model
ArticlesOwners need to develop a market-focussed business model to deal with the fast-paced changes they are faced with. The main consideration needs to be that conventional strategic thinking will no longer serve you in the “new normal.”
How to Turn your Customers into Loyal Enthusiasts
ArticlesWhen your customers become your fans, you will quickly realize that you have the potential to increase your revenue without having to increase your marketing budget. Word-of-mouth is a powerful marketing tool and when your customers are also your loyal fans, they will often do the work for you.
Get the Jump on Disruption
ArticlesEver since the beginning of the pandemic, years’ worth of market and business changes have been compressed into days, weeks, and months. This has been highly disruptive for small businesses, requiring business owners to rethink their business model. Despite the unprecedented changes, we’ve seen many small business owners weather the storm and keep up with business disruptions, altering their offering in ways they have not imagined before.
First You Feed Your Unicorn
ArticlesCOVID-19 was completely unprecedented and happened so fast that unfortunately for many, no matter how fast they reacted, they could not contend with it. So how do you plan for something that no one has ever experienced before?
Three Lessons 2020 Taught us About Building Value in 2021
ArticlesBusiness valuation is a complex process, and many different factors need to be taken into consideration to determine how much an organization is worth. We have narrowed this down to three lessons that came out of the past year and that owners need to build on in 2021.
Three Ways to Continue Building Value During the COVID Second Wave
ArticlesWhat is the next step in this strange new normal? How do you continue to not only survive, but to build value in your business - even now as we are in the second wave of this pandemic?
3 Steps to Put Strategic Planning into Action
ArticlesMany owners are reworking their plans to
counter the impact of the pandemic on their business. But how can they
ensure all of the thinking that has gone into developing that plan is
put into action? Try these three steps.
How Can You Lead in the Midst of Uncertainty?
ArticlesThere is no denying that these are extremely difficult and challenging times for leaders all around the world. But how can leaders lead in such unprecedented times? How can businesses engage with risks to ensure positive outcomes for their organization? It all comes back to one word: trust.
“You Can’t Always Get What You Want” – Mick Jagger 1968
ArticlesOwners who have been wanting to sell or step back from their business, have been particularly hard hit during this global turmoil and, as the song goes, must now deal with not being able to get what they want. What happens to our ability to project continued growth in a world that has been turned upside down? What is the bottom line for owners planning to exit?
How to Take Back Control
ArticlesThe COVID-19 pandemic is a huge challenge for business owners, and likely the biggest crisis you as a business owner will ever face. Despite this, it is possible to take back control of your life and your business.
Podcasts
The Seven Deadly Sins of Transition
John Hotson
John Hotson discusses the Seven Deadly Sins of Transition with CIBC Private Wealth Management.
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Reference Articles
An Agile Approach to Budgeting for Uncertain Times
Budget conversations are not far away from strategic planning conversations. This article focuses on aligning budgeting within the conversations about strategic planning as businesses withstand the current turbulent environment. Anticipating what can be cut without straying away from meeting strategic objectives is a key factor in making your company agile towards the constant changes happening in the economy. Find out the three methods that work in this article: Read More
The First Commandment of Strategic Planning: Don’t Fail To Plan
Failing to plan can result in additional stressors particularly during an already unsettling time. Creating a detailed and focused plan of the direction you want to go in, whether you want to grow, exit or step back, is essential to achieving and staying on the path to success. Read the full article here: Read More
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