Monthly Archives: November 2012

Is Your Greed Holding You Back In Business?

kelowna accountantPart of answering this question requires defining greed itself. It really is a perception rather than the type of thing that has a consistent definition. Is it your understanding or lack of understanding on how to move your business forward that’s holding you back?

This really becomes the question because if you know what you’re doing and you are making the right decisions, your business will be moving forward.

Think of a piece of a pie for a second. Would you rather have 100% of no pie or 10-50% of good-sized piece of pie?

When I think about greed, I… Continue reading

How Great Family Business Empires Are Built [EVENT]

As entrepreneurs, we tend to look up to some of the greatest businesses out there for guidance or as a standard for where to place “the bar”. Walmart, Estee Lauder, IKEA…these are all enormous family dynasties that are sure to last several generations to come. The one dire question continues to plague all ambitious entrepreneurs alike: how can I build an empire with my business?

 

There is a special event coming up on December 5, 2012 in Kelowna, BC hosted by BDO and YOU are invited.

 

We are bringing in a bestselling author to provide an informative session… Continue reading

How The Seasons Can Affect Your Business

kelowna accountantObviously it depends on where you are, but do the seasons affect your business? The answer is yes, they certainly do.

There are seasonal businesses and there is the seasonality of businesses but either way, you really need to take the seasons into consideration or else you might start making bad business decisions. I’ll use Kelowna as an example…

 

Understanding The Right Time To Promotekelowna accountant

In Kelowna, in the months of July and August, business is very difficult to move forward. There are a lot of people taking vacation or hosting those that use Kelowna as their vacation destination.… Continue reading

5 Considerations When Moving Your Business To The Okanagan

kelowna accountantKelowna accountant and business advisor Ken Davidson gives advice to entrepreneurs that are looking to move their businesses to Kelowna or the Okanagan Valley.

Depending on where you are moving from, there are a few things that are a bit unique about moving to the Okanagan, such as the costs associated with living here in Kelowna. It’s fairly well known that Kelowna isn’t the cheapest place in the country to live and that affects quite a few different factors.

 

1. Can You Build Your Team Here?kelowna accountant

It’s possible that you may have a very successful business in one location… Continue reading

Is Meeting For Coffee Wasting Your Time?

kelowna accountantI truly believe in the power of networking. The need for a business owners to expand their network, expand their knowledge of others; including potential referrals, clients and competitors.

Although we all want more referrals and clients, when the prospect of meeting a new contact for coffee comes up, we aren’t always jumping out of our seats to commit to an appointment immediately.

This is because of a few reasons:

  1. It takes time
  2. Time is money
  3. You don’t always know what the meeting is about
  4. The benefits of the meeting are not always immediately clear before it happens

Is it… Continue reading

How Much Debt Is Too Much Debt?

debtObviously right now the Bank of Canada thinks that Canadians are in too much debt and a lot of officials agree. There is a lot of discussion on the news about there being too much debt and that’s why there have been changes to the mortgages rules – the government’s attempt to control you from accumulating too much debt.

Basically everywhere you look right now, people are talking about debt.

So How Much Is Too Much? 

debt

The answer is that it’s not about debt, it’s about what you have debt for. You will hear people talk, especially accountants, about good… Continue reading

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