Part 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
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…
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
My best tips for long term investment strategies always stem from one main philosophy: Everyone has to be looking after themselves. Don’t rely on CPP (Canadian Pension Plan), OAS or any of those government-funded programs. Don’t worry about what your wealth is going to be at the end of your career and what the government is or isn’t going to give you. Have the appropriate amount of wealth built up so you can stand back and say that you don’t need the government.
Making Decisions: Pick Your Passion &… Continue reading
This past March 29, 2012, Canadian Minister of Finance Jim Flaherty tabled his seventh budget. The Harper Government’s focus is on balancing the budget in the medium-term, which involves cuts to operating budgets, while also encouraging long-term economic growth with a focus on job creation and major changes impacting innovation in Canada
- Deficit of $24.9 Billion for 2011-12
- Projected Deficit of $21.1 Billion for 2012-13
- No New Personal or Corporate Taxes
- SR&ED Investment Tax Credit Revised
- Old Age Security Eligibility Delayed