Buying Technology To Help Your Business Grow

A few weeks ago in BusinessCast 109 — I.T. Support for Entrepreneurs – Robert and I got the “low down” on the best ways of selecting and working with a competent I.T support professional. After all, all entrepreneurs require technologies to work 24/7.

But, here’s a critical technology question that many entrepreneurs have trouble answering: “Are we evaluating, purchasing and integrating our technologies in ways that ensure it is allowing us to focus on our business — rather than on our business technologies?

So, in BusinessCast #124 — Buying Technology — Robert and I sat down with Marco Nalli from technology innovator and leader Samsung. Marco has an enviable track record as an expert who helps entrepreneurs negotiate the minefield of purchasing technology so that it effectively balances short- and long-term investments, opportunity costs and business goals.

Listen to BusinessCast #124 — Buying Technology — to hone the processes you use to  evaluate, purchase and integrate your technologies. That means you’ll keep your attention where it belongs…growing your business.

Subscribe to the BusinessCast Podcast at iTunes

Green Business Trends: Ensuring Business Sustainability

Robert and I have always supported entrepreneurs like you in your quest for success. That invariably means creating a sustainable business  — one that is capable of ensuring wealth for investors,  fulfillment for employees and value for customers/clients and the community.  Over the last few years, sustainable has also come to take on another meaning: being respectful of the environmental impact and resources required to keep a business profitable.

Focusing on this new dimension, environmental sustainability,  for BusinessCast episode #118,  Robert and I sat down with Rob Colman — Senior Editor of Green Business magazine. Rob shares with us what he sees are the latest trends in “greening businesses” and the opportunities that presents for entrepreneurs like you.

At the same time, if you’re wondering if, when and how you should integrate environmentally sustainable practices into your business, also check out BusinessCast #112 — Greening Your Business where Rob Grand, President of Grass Roots Stores shares his practical insights.

Subscribe to the BusinessCast Podcast at iTunes

Business Trends – Part One

Successful entrepreneurs are always harnessing the latest technologies and processes to ensure that their business is as focused and efficient as possible. This requires entrepreneurs to constantly be on the lookout for broad trends (e.g. political, social, demographic) as well as industry-specific trends (e.g. market receptivity, competitors, access to resources and required skills).

So, in BusinessCast podcast episode 115 — Business Trends — Part One — we take up the discussion of the importance of trends with Sacha Ghai. Sacha is a Partner at McKinsey & Co — which is one of the world’s leaders in helping companies develop/improve their strategies, technology and operations.

In future episodes, Robert and I will also drill down with other experts on the trends that will have the greatest on entrepreneurs and their success.

Remember: Subscribe to the BusinessCast Podcast at iTunes

Greening Your Business…For Business

Greenyour business?  Why should you? After all, you’re busy dealing with day-to-day business challenges in the middle of a soft economy. Do you really have time to be thinking “green“? What’s the payback? Will it really matter to your top line or to your bottom line?

Well, “greening” your business means a host of different things to different people. So, in BusinessCast Podcast episode #112 – Greening Your Business — we sat down to get a perspective on greening from an entrepreneur who has a strong track record of successfully implementing green practices. Rob Grand, the President of Grass Roots Store has a relevant perspective for all entrepreneurs. For the better part of 15 years, Rob has worked through the various ways that businesses can become more green. In so doing, he’s weeded through the hype and chosen strategies that have seen his business grow its customer base, its revenues, its brand and achieve operational efficiencies.

If you’ve ever wondered about the value of greening your business, listen to BusinessCast Podcast episode #112.

Here are some additional resources to help you to determine if, when and how you should green your business:

  • A carbon footprint calculator that allows you to play out various scenarios regarding the impact of items such as servers, travel, facilities, etc.

Subscribe to the BusinessCast Podcast at iTunes

Cost Savings for Entrepreneurs

We know the cost pressures that entrepreneurs are facing today. So, Robert and I sat down to identify practical advice that entrepreneurs can take to save costs now. And, that’s why BusinessCast Podcast #100 – Cost Cutting for Entrepreneurs is very straight-forward.

Of course, keep in-mind, before cutting costs across your company, ask yourself two key questions:

  • Are we acting as efficiently as we can?
  • Are we doing anything that we should not be doing?

Often answering these questions for yourself generates the greatest cost-savings for your business.

Finally, here are two other good resources for cost-savings tips:

Don’t forget to enter the contest to win a Blackberry Bold!

Subscribe to the BusinessCast Podcast at iTunes

Financial Intelligence…It Doesn’t Have to Be Painful!

How many of you look forward to talking about numbers (really)?

The truth is that most entrepreneurs only have a very rudimentary understanding of finance. The problem is that having little or no skill in gathering, organizing or interpreting your company’s finances can lead to less-than-perfect, and sometime disastrous, decision making.

That’s why Robert — a longtime believer in helping entrepreneurs gain financial intelligence — and I are constantly looking for tools and resources that breathe life into the “numbers side” of your business.

And, that’s why we’re so happy to have identified “Financial Intelligence for Entrepreneurs“. In BusinessCast #98, Financial Intelligence, we interview co-author Joe Knight. He shares some nuggets but, perhaps more importantly he demonstrates his commitment to developing a truly practical resource.

What impressed me — and, I’m not a “numbers person” — is how well this book is written. It’s clear, concise and really, well…very human! Meaning, it doesn’t feel anything like a finance or accounting text book that speaks down to you. Nor is it so dry that you’re just aching to get to the end of the next paragraph.

The authors quite successfully convey fundamental and complex ideas in a way that you’d wish your CFO could! If you’re running a business and you’re the least bit uncomfortable with business numbers, read this book….and read it, now.

BTW, we have several free copies of Financial Intelligence for Entrepreneurs so, read an excerpt and then send Robert an email (robert@businesscast.ca) and we’ll send you a free copy. You’ll be glad you did!

Other resources to help you tackle your finances include:

BusinessCast Podcast #69 – Business Success By the Numbers – to help you get straight-forward answers to these common numbers-focused questions:

  1. Should you buy or lease your car?
  2. Should you invest available cash in your mortgage or an RRSP (IRA)?
  3. Who should you sell your business to?

Also, find below some focused resources to help you work through these questions and get you more comfortable dealing with financial issues critical to your business -

A Lease or Buy Your Car Calculator

A Contribute to Your Mortgage or RRSP Calculator

A Video on Finances for Business Leaders (Note: The video providers will prompt you to register before you will be able to view this video.)

BTW, if you have a ‘numbers’ question, let us know. We’ll address it in an upcoming show.

Don’t forget to enter the contest to win a Blackberry Bold!

Remember: Subscribe to the BusinessCast Podcast at iTunes

Building the Future

Robert and I refrain from predicting the future. However, we do go on record to identify the topics that we will be tackling in upcoming episodes of the BusinessCast Podcast. And, that’s what BusinessCast Podcast episode #90 is all about — a summary of upcoming topics.

Of course, we’ll dig deep into relevant issues that face all entrepreneurs across all business areas such as marketing, operations, human resources, sales, technology and finance.

This year, we’ll also delve into some new areas such as industry-specific issues/opportunities and key trends.

And, we’ll also be conducting interviews with high-profile entrepreneurs and authors as well as attending entrepreneur-focused events.

Finally, we know that entrepreneurs have been using the BusinessCast Podcast at “lunch and learns” to encourage discussion and stimulate creativity — with all levels of management and staff. If you want us to lead or attend such sessions, contact Robert at Robert@BennettGold.ca.

Remember: Subscribe to the BusinessCast Podcast at iTunes

BusinessCast Round-Up

Well, Robert and I have done over 20 shows since our last BusinessCast Podcast round-up. These shows are always popular because they give all entrepreneurs — i.e. new subscribers and loyal listeners alike — a quick and easy way of hearing what business-critical issues we’ve covered over the last handful of months. So, in BusinessCast Podcast #89 – Greatest Hits Vol. 3 we highlight some of the most essential topics and key learnings from BusinessCast episodes as far back as episode #67.

Specifically, in Greatest Hits Vol. 3 we highlights shows AND key BusinessCast blogposts where we provided practical tools and advice to help entrepreneurs address key issues such as:

  • Building Profile for Your Business
  • Developing Sales Incentives That Increase Revenues
  • Tackling Crisis Communication
  • Establishing a Strong Foundation in Mobile Marketing
  • Speaking Confidently in Public
  • Securing Financing
  • Emerging Stronger When Good Employees Leave
  • Finding the Right Business Partner
  • Increasing Cash Flow
  • Dealing Effectively with Cross-Generational Values
  • Overcoming Sales Objections

In so doing, we also recount some of our most memorable guests, including:

  • Catherine Swift (Canadian Federation of Independent Business)
  • Michael Younder, Senior Product Marketer (Research in Motion)
  • Paul Chato, President of YourWebDepartment and member of the Canadian comedy troupe the Frantics
  • Bruce Hunter, Fortune 500 heavyweight and insightful author

And, we do it all in under 20 minutes!

As always you can listen to each of the shows we touch upon in Greatest Hits Vol. 3 by clicking on the BusinessCast Podcast Archives.

Finally, a quick thank you to all BusinessCast Podcast fans who voted for us in the 2008 national blog and podcast competition. The BusinessCast Podcast Canada’s was voted as Canada’s 2nd most favourite podcast!

Remember: Subscribe to the BusinessCast Podcast at iTunes

Taking the Risk Out of Your Business

As a successful entrepreneur, you are optimistic and energetic. You have to be in order to tackle all of the challenges facing you day-in and day-out. But, are you a realistic entrepreneur?

 

Well, one sure way to determine if you are a realistic entrepreneur is by asking yourself a simple question: “Have I identified the most likely risks that I’m going to face in the next few years and planned for them?

 

Well, in BusinessCast Podcast #82 – Risky Business, Robert and I sit down for a frank discussion (as always) — this time with John Klotz President of NorthWood Mortgage Life Insurance. The three of us share a few stories and provide some straight-forward advice to help entrepreneurs like you address common risks so that you can continue to operate and grow your business.

 

And, to help you better plan for business risks, here are some very popular resources ideal for all entrepreneurs – regardless of the size, age or industry of your company:

 

How to improve your cash flow

 

Answers to entrepreneur’s most common financial questions

 

Free entrepreneur resources

 

Remember: Subscribe to the BusinessCast Podcast at iTunes

Re-Wind: The Recession Sessions

When Robert and I began our successful Podcast partnership, we promised ourselves, and you our listeners, that we would provide practical advice for entrepreneurs — recognizing that this often meant tackling unpopular, contentious or difficult subjects.

That’s why, 10 months ago, long before the current upheaval in the financial markets, Robert and I started dealing head-on with the recession. Our position was painfully practical: Entrepreneurs can emerge from the economic downturn only by acknowledging, addressing and planning for a recession rather than hoping it will never happen.

So, here we are ten months later and we’re in a global recession. If you haven’t yet heard them, give a listen to some of the BusinessCast episodes that were designed specifically to help you, the entrepreneur, successfully navigate through the recession storm – no matter how fierce it turns out to be:

#42  The Recession Session Part 1 - with Gold ‘n’ Brown

#43  The Recession Session Part 2 - with Gold ‘n’ Brown

#44  How To Achieve Business Success - with Gold ‘n’ Brown

#45  OMG Wow Client Service – with Gold ‘n’ Brown

#46  Firing A Client Before You Get Burned – with Gold ‘n’ Brown

#49  Steal Your Next Customer! – with Gold ‘n’ Brown - and Guest Alex Allan of Alex Allan Integrated (www.AlexAllanIntegrated.com)
 
Follow

Get every new post delivered to your Inbox.