Playing to win in the business world

Make certain the odds are in your favour – think about what your business is or can be better at than your competition

Playing to win in the business world“Which silver car is it?” Tony Kibonge shouted as I tagged a car and he raced by. This race to the silver car was a rematch on another race I had won one cold morning in Stuart Lake, when we had raced through the water up to my chest and Tony’s neck. While I had…

Chronic compromising why most small businesses fail

Learning how to start with no, rather than starting with yes or maybe, will boost your business success

Chronic compromising why most small businesses failThe mortality rate for small businesses is scary. Approximately seven out of 10 new small businesses survive at least two years, half almost five years, a third more than 10 years, according to research. And 25 per cent last 15-plus years. The reasons for the high mortality rate changes little year-to-year. High on the list…

Money can’t buy happiness, yet we keep chasing it

Will more money mean we sleep better at night, spend more time with friends and family, or contribute more to society?

Money can’t buy happiness, yet we keep chasing itThere’s a story told that about a financial planner who was on holidays in Mexico. He was walking along the beach when he came to a fisherman sitting on a wharf, his feet hanging off the edge as he played guitar. “Is that your boat?” the planner asked the fisherman. “It is,” he replied. They…

A summer business read that could change your life

How much more could you achieve in business and life if you just focused on doing fewer things?

A summer business read that could change your lifeI love to read. Ever since I was a young boy, learning to read in the arms of my parents, I have enjoyed the written word. I’m amazed at how the crafted phrase can capture my imagination and open my mind to worlds and ideas I’ve never explored or considered. I read for pleasure, entertainment…

Canadian small business owners missing out on online opportunities

Canadian small business owners missing out on online opportunitiesA study released on Tuesday by the Business Development Bank of Canada (BDC) clearly highlights the importance for entrepreneurs having an online presence. Such a presence leads to higher revenues, direct communication with customers and easier access to global markets. But the study finds that only four out of 10 Canadian small and medium-size businesses…

Lack of leadership structure leads to frustration and failure

In some organizations, teams and businesses, there’s no established chain of leadership. That leads to confusion

Lack of leadership structure leads to frustration and failureI experienced something about leadership recently that I had known for a long time but suddenly understood differently. I’m the assistant coach of a sports team. Our team lost its first two games last weekend against teams it could have beaten. As coaches, we were frustrated because our players weren’t playing to their potential. The…

Business traumatic stress disorder is real and devastating

Business leaders are often under extraordinary stress and they need support and counselling

Business traumatic stress disorder is real and devastatingOver the years, I’ve worked with a number of business leaders who have had breakdowns from the stress of owning or running a business or organization. The symptoms they’ve exhibited are very similar to post-traumatic stress disorder (PTSD). However, it’s very unlikely that a psychiatrist or psychologist would give them a diagnosis of PTSD. PTSD…

Innovation is a lot like life, with all its ups and downs

Despite government hyperbole, small businesses know that innovation is difficult, costly and sometimes reveals unfortunate truths

Innovation is a lot like life, with all its ups and downsA handy term that invokes sweet dreams of big scores for small businesses everywhere is ‘innovation.’ Government officials, burdened with the otherwise boring work of economic development, are obsessed with it. Its mere mention, they think, virtually guarantees a contact high. Hey folks, their websites screech, roll up and read all about our “Superclusters Initiative,”…

Canadian business owners feel depressed at least once a week: study

500 entrepreneurs surveyed

Canadian business owners feel depressed at least once a week: studyBeing a business owner isn’t easy at the best of times but it’s especially difficult these days. That’s evident in a new study released on Tuesday by the Canadian Mental Health Association (CMHA), supported by BDC (Business Development Bank of Canada). The study, Going it Alone: The mental health and well-being of Canada’s entrepreneurs, found that…

Three things business leaders could learn from Donald Trump

Take some time off for pleasure, don't hesitate when you need to fire someone and above all, play to win

Three things business leaders could learn from Donald TrumpFew politicians in recent history have polarized people the way Donald Trump has. Chances are you either love him or hate him. But whatever you think of him, there’s probably something you could learn from the American president. So what’s Trump doing that most business leaders could learn from? Let’s start with the obvious and…
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