Monthly Archives: June 2014

Should You Borrow Money From Family & Friends For Your Business?

ID-100220655The idea of borrowing money from family and friends to start a business is cringe-worthy for many but it’s actually the most common source of funding. In my experience, 99% of the time this is where I see most people get their initial capital, whether it’s smaller amounts to cover bills while transitioning from a job or larger amounts for startup capital to launch a new business venture. Let’s be honest…the bank isn’t going to give you that loan so where else do you go? Friends and family, of course.

Yes, it might be a bit awkward to have to… Continue reading

Want More Hours In The Day? You Better Be Doing This…

ID-100224562Many business owners and executives get so wrapped up in their work that they think they don’t have time to take care of themselves and their bodies. That is actually the opposite of the truth. You can’t afford to not be in optimal health if you want to get to the top. You need the competitive edge that can only come from being totally “on” 24/7, mentally and physically.

If you want more hours in the day to work on your business, you need to work on yourself first.

I try to be physically active every day and do something… Continue reading

The Art of Pricing & Quoting Costs For Clients

pricing strategyWhat’s your pricing strategy? The fact is, most business owners don’t have one and it can get you into trouble.

When it comes to pitching a client on services, everybody always wants a number. It’s like walking through your favourite clothing store and seeing something you like; the first instinct that comes for most people is to look at the price tag. Many people can’t even decide if they like something until they know how much it costs.

So what do you do when a prospective client asks for a number when discussing the potential of using your services? Are… Continue reading

Is Your Business Idea Worth Millions? 5 Ways To Find Out

ID-100257789Is your business idea worth millions or is it going to bankrupt you? Kelowna accountant and business advisor Ken Davidson discusses his approach to incubating new business ideas with his clients. 

Becoming an entrepreneur is usually something you can’t help because of a burning desire to start a business and control your destiny takes over.

We wall have hopes and dreams for how it will work out but the funny thing is that there are millions of different ways to do it. Depending on who you ask, they might tell you to jump in head first or you’ll never be… Continue reading

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