Category: Business Coaching

Coaching - Succession- Financial Planning

Case Study - Seasonal Manufacturing

Case Study – Seasonal Manufacturing

Paul is the CEO of a manufacturing company that produces a seasonal product. At the time of year when production is low (the 3 summer months) the factory operates at about 70% capacity. At the CEO meeting going into the summer, Paul reported this fact in the opening check-in, expecting it to be acknowledged politely…
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The Twilight Zone of Our Bureaucracy

Picture if you will: a woman, working in a stainless-steel kitchen, working with butter, infusing it with herbs and packaging it in small, stylish packages for sale in specialty stores and at farmers markets under the label Gourmet Butter. An agent of the government walks in “I’m closing you down because you are making butter…
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Planning for Family Wealth Transfer

We seem to be hearing less about the coming transfer of wealth from the senior generation to the next generation, I think the baby boomers got tired of talking about it. That doesn’t mean it’s not going to happen and smart money (that is long term, generational money) stewards are still contemplating how this transfer…
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Who is the Future You

A key when I’m coaching somebody is to establish the goal or goals (maximum 3) that they want to achieve. Defining those goals is very hard for many. I asked my psychologist brother why this seems to be so difficult and his response surprised me…until I thought about it. “Its hard for a person to…
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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…
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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…
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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…
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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.                            …
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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…
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You Should Allocate Your Insurance Budget Based on Risks You Face

Jack and Jill had returned to my office to talk about insurance and they had brought their spouses, Jane and Dick. Our discussion a couple of weeks ago had triggered questions about what insurance they should have and I had suggested that this was a discussion that should involve their spouses. “As you know” I…
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