Micromanagement: The Good, The Bad & The Ugly
Micromanaging has a bit of a mixed reputation. It’s hardly an adored practice by those who employ it since it can be so tedious and frustrating while trying to juggle your own priorities. Even when you own the business, you can’t make everyone’s jobs within it your priority.
You’ve got to recognize your organization and where you fit in it as well as everyone you have working for you. I’ve mentioned Steve Jobs a few times on my blog because I don’t believe that his management style was appropriate but it obviously built a successful business, right?
You’ve got to… Continue reading
Great Business Leaders Should Advocate Continual Education
I’m a big advocate for continuing education, no matter how old you are or how much you know. I would say I’m pretty lucky because as a Kelowna accountant, I have a lot of people that talk to me about what books they’re reading or what courses they’re taking and I’m always curious to know.
Sometimes, if I’m really lucky, I even get to take the time to pick up some of those books and actually read them! If you’ve ever read any of my book reviews before, you’ll see that all I want to get out of reading is… Continue reading
Buying Properties With Different Joint Venture Partners
Throughout the history of this website I have discussed various aspects of real estate investing and the involvement of joint venture partners but what happens when you’re buying properties with different joint venture partners?
Real Estate Investing With Multiple Partners
Anytime you bring in a partner, whether it’s a joint venture, a partnership or a corporate structure, as long as the investments are significant, there should be separate corporations for each of those partners. Now this greatly depends on your definition of significant because mine might be different than yours.
You have to make sure that the costs associated with… Continue reading
How To Take A New Approach In Your Business & Be Happier
This year I decided to shake things up in my Kelowna accounting firm and completely change the way I operate. Although I’ve worked as a Kelowna accountant for several years, most of my clients come to me for much more than tax advice and number crunching.
This became a strange juxtaposition when I realized that I was spending too much time buried in the numbers of my own business.
Break Routines That Don’t Model Growth
What happens to entrepreneurs is that over the years you continue to work in your business, work in your business and keep working in your… Continue reading
How Kosi Stobbs Built A Real Estate Empire By 30
Those of you interested in real estate investing are in for a real treat with this article as I have a special guest that joined me for a recorded podcast that you can find right below. If you prefer to read a brief summary, scroll down beneath the player to see some of the initial highlights from the interview I did with Kosi.
You can also download the audio if you prefer to listen to it later on your iPod or any other audio device compatible with MP3 files. I highly recommend you listen to the entire podcast, as there… Continue reading
Instant Turnaround: Getting Your Employees Excited To Come To Work
Instant Turnaround – Getting People Excited About Coming To Work & Working Hard
I felt that my last book review received great feedback so I’m back with another after I recently finished Instant Turnaround: Getting People Excited About Coming To Work And Working Hard by Harry Paul and Ross Wreck. Harry Paul is famous for his previous work co-authoring the smash bestseller Fish! A Proven Way To Boost Morale & Improve Results and this new book definitely hits the mark on expanding the concepts that made Fish so successful.
I’ve used this book a lot recently when dealing with clients… Continue reading
9 Characteristics of Great Business Leaders
Somewhere between the passing of Steve Jobs and the late Stephen R. Covey I started to think about what makes truly great business leaders. Anyone familiar with the 7 Habits of Highly Effective People already knows a few but there are so many different styles and schools of thought that it can be difficult to create the definitive checklist without heavy debate.
Here are some of my thoughts on the characteristics I believe are essential in great business leaders.
1. Credibility
I hate to lead with this one but you really have to be credible in business for people to… Continue reading
How Small Biz Can Compete With Major Corporations
Ken Davidson is a Kelowna accountant with BDO Canada addressing one of the most important topics affecting small businesses.
Any small business that has every existed has had to ask themselves this one question: how can I compete with major retailers and big corporations?
There are fewer topics more relevant and important to all business owners than this one. Retail especially comes to mind but the service industry deals with this issue as well. This is where decisions can literally make or break your business.
Figure Out What You’re An Expert In
Instead of trying to be a generalist… Continue reading
Is Your Business Safe In A Downward Economy?
Let me start this with a disclaimer: I really dislike discussing downward economies and recessions. Call me a positive thinker, but I just prefer to look ahead and decide what needs to be done to get to where I want to go. Getting through a recessionary period generally has to do with shifting your mindset and remembering what truly supports your business.
Here are a few things every business needs to consider when determining their safety in a downward economy:
1. Client Relationships
Make sure that you are continuing to build great client relationships so that you are keeping in… Continue reading
Everything Businesses Need To Know About The BC HST Repeal
Over the past three weeks we have been releasing articles focusing on the upcoming BC HST repeal on April 1, 2013 and what business owners in the province of British Columbia need to start thinking about beforehand. I am very grateful to have Mike Boven, commodities tax expert from BDO Canada, lending his expertise to help the various types of businesses make sense of the confusion that comes along with this process.
Each point below has a full length article to explain some of the most important factors impacting businesses during the BC HST repeal process. Not every article… Continue reading
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