Author: CopperBeechCo

Coaching - Succession- Financial Planning

How to define fairness in Business - Copper Beech Co

How Do You Define Fairness?

I was distressed this summer by the federal government’s announced plans to change the income tax rules to eliminate the “unfair tax advantages” received by business owners. Distressed enough to write to the Minister of Finance and ask him how the government defined fairness; (I have not received a response yet). Was there a formula…
Read more

The tortoise, the hare and financial planning - Copper Beech Co.

The tortoise, the hare and financial planning

The value of regular savings was illustrated some years ago when an elderly gentleman came into my office and told me how he turned a bad habit into a small fortune. “Harold” worked in a plant for 30 years. He retired in 1990. He quit smoking in 1960. The week he quit smoking, he went…
Read more

Future Entrepreneurs - Summer Company

Future of Entrepreneurs

For many years I have been volunteering at a program called Summer Company. This program, sponsored by the Province of Ontario and managed by the City of Niagara Falls, allows students the opportunity to run their own business for a summer. One stipulation is that the “entrepreneur” must be returning to school in September, either…
Read more

Financial Planning with Parents in Mind - Copper Beech Co.

Financial planning with parents in mind

Increasingly in client meetings, the discussion of plans for parents comes to the surface. It usually centres on how to factor needs and finances of the parents into the financial plans of the baby boomers who are now approaching retirement themselves. It’s an emotional subject and, sadly, often avoided until a crisis occurs. That is…
Read more

The value of advice in business

Value of Advice

There is a term in the financial planning community that is gaining attention: “Gamma” measures the impact for an individual of working with a professional financial adviser. Gamma has less focus on rates of return and more on the broader concept of financial results, it’s more personal. There is unmistakable evidence that having a professional…
Read more

The importance of celebrating

The Importance of Celebrating

As the cabin attendant came toward our seats a thought came unbidden to me. Who is she? What is her story? What are her dreams and aspirations? I tried to picture her at home on Christmas morning, relaxed and surrounded by loved ones, instead of here at 35,000 feet efficiently looking after her passengers. I…
Read more

The misconception of fixed income investments

The misconceptions of fixed income investments

Ralph and Alice sat in front of me fidgeting. Obviously, they needed to talk about something that was bothering them. “We were at a party last week,” Ralph offered, “and a friend told us he was moving all his investments to fixed income to protect his capital. What do you think?” “Well, Ralph,” I replied.…
Read more

Intrapreneurship Importance

Why Intrapreneurship is Important in a Changing World

Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship.                            …
Read more

Thinking of starting a business? Thoughts and tips

I often talk to people about retiring and starting a business. A famous example is Colonel Sanders who started his finger-licking chicken business at the age of sixty five. Retirement is a great time to start a business, you have a wealth of knowledge drawn from a lifetime of experience, networks of people who can…
Read more

Year End Thoughts

Some years ago I was watching a film about a photographer from National Geographic. The program was about how he did his work, he selected the shot through his viewfinder, aware each shot could be the picture that defines his career. Early in the film, this man said something that struck a cord for me.…
Read more