If you’ve ever watched shows like Shark Tank before, you’ve witnessed at least a few entrepreneurs get told that their business idea might not be much of a business after all.
If someone were to say that to you, would you take it at face value? The reality is that everyone’s definition of a business is a little bit different. As an accountant, I will look at a business and define it within my own parameters but yours could be based on a different set of factors altogether.
A teacher takes an asset (the students) and gives them knowledge to… Continue reading
Success in real estate investing depends on your ability to find the deals and that elusive element of being in the right place at the right time. What if there was a way to increase those opportunities he truth is that you can increase the amount of opportunities that put you in front of those great deals?
The answer is networking.
It’s easy for investors to forget or not realize how important networking actually is in the real estate business. It’s not just realtors that need to be networking.
Networking is one of the most important things you can… Continue reading
When we think of the most successful entrepreneurs, people like Steve Jobs and Richard Branson might come to mind. Which traits unite successful entrepreneurs like them and how can we strive to emulate them in our daily lives?
I thought about this myself and decided to list out a few that came to mind. It’s by no means an all-inclusive list so if you have any additions, leave a comment with your thoughts.
You will inevitably hit tough times and you’ve got to be able to pat yourself on the back and give yourself kudos. Accept that you… Continue reading
I think a lot of times success in business doesn’t as much rely on what you’re good at, but knowing what you aren’t good at and figuring out a way to compensate for it.
This can be quite the hurdle for people trying to bridge their passion as a career and into something bigger. You might be a master violin player but when it times to conduct, you’ll realize you need a different set of skills.
Learning To Be The Conductor
If you want to learn to be the conductor of your business, you need to understand how you learn.… Continue reading
A couple of years ago I had a client that I have a lot of respect for and we had a great working relationship but I eventually decided to stop working with them.
They were paying a good amount for my services as a business advisor but were not acting on the advice that they paid for. Am I crazy? Let me explain…
Value Is Everything
It’s very important to me that I’m driving value for my clients but at the end of the day, I can’t force them to make changes to their business. You can lead a… Continue reading
We all have people in our lives that push us to be better versions of ourselves, whether it’s business or personal related. Coaches, mentors and advisors are some of the incarnations of these people; some you pay, some you don’t. As far as I’m concerned, they all fall into the same category.
Your best advisors might not cost you a dime because they’re in your back pocket. In my case, I was really lucky to have my father.
My father was an entrepreneur and businessman that coached me at the beginning of my career. No, I didn’t pay him!
As… Continue reading
You don’t have to search very long to find a study that adds credibility to the fact that vacations aren’t just essential for giving you a much needed break, they actually make you work harder and more productive when you get back.
This is not a foreign concept by any stretch of the imagination. Henry Ford himself recognized the diminishing returns that came from making employees work six days instead of five, eventually re-instating a five-day work week.
If only I had a million dollars…have you said this before?
When people say they want to be a millionaire, it doesn’t just mean they want a million dollars in the bank. They want to be free.
The funny thing is that having a million dollars doesn’t necessarily mean you will have reached that level of freedom you fantasize about. You want to stop worrying about paying the bills every month and having to keep track of how much you spend but a million dollars won’t change those things.
I still worry about paying bills on a monthly… Continue reading
Do you ever find yourself stuck in an endless loop of proposals when trying to acquire new business? Do you feel like you’re spending too much time on proposals and not enough time actually making money?
You may often find yourself doing a written proposal before signing an actual agreement and depending on how well you’ve dialled in this process for your business, it can be very time consuming.
This can occasionally even get out of hand and you’ll find yourself wasting more time than it’s worth for that contract you’re going after. Some of the problems are out of… Continue reading
There are good problems and there are bad problems. Struggling to find a way to say “NO” to new business definitely falls into the category of good problems…but that doesn’t always make it easy.
I had a young entrepreneur recently ask me how he should gracefully let down a potential client. He got a bad feeling that it could end up being more trouble than it’s worth but was struggling with how to let them down. Knowing that they’re not the type to take no for an answer, he felt the need justify to them why he didn’t want the… Continue reading