Monthly Archives: September 2013

6 Questions To Ask Before Hiring An Accountant

What do you look for when choosing a new Kelowna accountant?

Choosing an accountant is a very important part of solidifying your core and makes a significant impact on the financial future of your business. Don’t be afraid to hold the same level of scrutiny you might have choosing a surgeon as you would selecting your accountant because after all this is your hard earned money.

As an accountant myself, I can appreciate when a client comes prepared with questions for me and isn’t afraid to put me or our firm to the test. The questions below will help reveal crucial information for you when making your decision.

1. How often… Continue reading

Two Ways To Expand Business Through Acquisition

OHST Transition Rulesnce your business reaches a certain position in the marketplace, expansion becomes the right move to make but where do you start? One of the most common ways for businesses later expanding through acquisition

Although expanding through acquisition costs money upfront, it is a solid business strategy for growth that can be accomplished through one of two methods:

  • Acquiring a similar client base that a competitor currently has
  • Acquiring additional products that your existing clients would use or benefit from

Method 1: Acquiring Clients From A Competitor

Let’s say you decide to buy a client list from your competitor… Continue reading

3 Questions To Ask Before Franchising Your Business

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Before you even think about franchising, there is one fundamental thing you need to understand about it. Franchising is either an exit strategy option or a growth strategy option; you can look at it both ways.

In general, I think most people tend to think of franchising way too early. Anybody who walks into my office and says they want to franchise usually hits a brick wall the second I ask them my first question…

Do You Have Your Systems Figured Out?

The first thing that you need to create is a system. That’s what people are buying when they… Continue reading

Redefining Success: A Dragon’s Tale of Making Mistakes

w_brett_wilson_book_cover_jason_stangFans of CBC’s hit TV show Dragon’s Den may remember Brett Wilson from his three-season stint in the far right chair but I want to discuss his new book, Redefining Success: Still Making Mistakes.

Although Brett had a reputation for being one of the more genuine Dragons, this book gives you a good look at the real business mastermind, not the theatrical co-star that was painted on the show. He readily admits that his financial success has come at a very high cost but hopes this book will be both a cautionary tale and an inspiration to those that want… Continue reading

The Privileges & Responsibilities of Shareholders

responsibilities of shareholdersWhen determining the responsibilities of shareholders, the size of the company plays a significant role on what those responsibilities look like but at the end of the day, a shareholder is a shareholder.

A shareholder owns shares of the company and has a very distinct responsibility and that is to elect the director or directors of the company.

Responsibilities of Shareholders Not Always Understood

The problem is that a lot of shareholders forget that is their sole responsibility. They feel that it is their responsibility to run a company, get involved with the company and even to try and… Continue reading

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