All the Money You Ever Needed — Winning The Entrepreneur Lottery

Congratulations, you’ve done it — you found investment funds for your business!  But now, what can you expect from those who have invested in your dream? Is all the hard work really over?

To answer these questions, in BusinessCast Podcast #106, we sat down with John Loewen, CEO of Loewen & Partners, a specialty private equity investment bank, to help provide clarity about what life is like for entrepreneurs after receiving investment funds. It turns out that this can be a great time — if the “fit” is right. John brings a wealth of experience as well as provides some straight-talk and practical insights.

After listening to BusinessCast Podcast #106, you will be much better informed about what you can expect after you receive investment and therefore when it’s truly the right time for you to seek and secure investment.

When you are ready for investment make sure that you listen to BusinessCast Podcast #74 — Money Magnet – where we review one of the finest and most effective resources to help entrepreneurs secure investment funding.

Don’t forget to enter the contest to win a Blackberry Bold! All it takes is 100 words (or less) on why a Blackberry Bold will help your business.

Subscribe to the BusinessCast Podcast at iTunes

Transformative Change: Start with the Digital Mindset

Every successful entrepreneur knows: to be successful means constantly changing. And, therein lies the irony — to be successful you’ve got to change something…and something that has allowed you to be successful up to now. But, where do you start? What needs to change? When should you change? How do you implement change? How do you make the right changes “stick”?

Now, combine that leadership reality with your day-to-day management challenges such as: the entry of new competitors, the rising price of doing business, new technologies, greater business risks, evolving customer expectations and your team’s desire to grow professionally.

So, at the end of the day, who’s got time to plan, implement and measure the kinds of changes that will ensure your continued success? Since this is the reality in which all entrepreneurs work, check out BusinessCast Podcast episode #99 — Grown Up Digital where we talk with Futurist (and pragmatist) Don Tapscott. The internationally renowned author shares insights and principles that you can apply now to ensure your future success.

The core of Don’s insights revolve around the values and behaviours that businesses need to embrace to succeed. And, not surprisingly these are brought to your business (and your competitors’ businesses) by the current generation of workers — those who have, you’ve guessed it , Grown Up Digital. Together, we touch upon issues that span all areas of business such as Human Resources (e.g. recruitment and retention), Marketing, Operations and Finance.

Once you’ve got a handle on the Digital generation and what they expect out of their workplace — as well as the opportunities and costs of adapting to leverage this generation’s strengths, you’ll also want to get a handle on how to manage the mix of generations within your workplace. Three resources that can help you in this regard include the following:

1. A Boomer’s Guide to Communication with Gen X and Gen Y. This Business Week article summarizes how these two generations approach items including: technology, compensation, collaboration, workplace gossip, attire, socializing and corporate loyalty.

2. If your business requires the energies of those who are currently graduating, review the recent Globe and Mail article, The Class of 2012: Mr. Google’s Children.

3. The American Management Association’s “Generations at Work“ has become a seminal piece of business literature that clearly and concisely explains the core values, assumptions and expectations of each of the current/evolving generations. To get you inspired, read Robert and my book review.

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

Remember: 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

Great Book Give-Away (September, 2008)

Robert and I are offering our BusinessCast podcast listeners (and blog readers) leading-edge business resources — for FREE!

Currently the BusinessCast Podcast ‘Great Book Give-Away‘ includes the following titles — mostly from the folks at McGraw Hill:

  • The Four Pillars of Profit-Driven Marketing (2009) – Leslie Moeller and Edward Landry
  • Turn Small Talk Into Big Deals (2009) – Don Gabor
  • How to Talk to Anyone: 92 Little Tricks for Big Success in Relationships (2008) – Leil Lowndes (OUT OF STOCK)
  • Financial Intelligence for Entrepreneurs (2009) – Karen Berman and Joe Knight(OUT OF STOCK)
  • Sales Coaching: Making the Great Leap from Sales Manager to Sales Coach (2009) – Linda Richardson
  • The Inspiring Leader (2009) – John Zenger, Joseph Folkman and Scott Edinger
  • Blogging for Fame and Fortune (2009) – Jason Rich (OUT OF STOCK)
  • Business Lessons from the Edge (2009) – Jim McCormick and Maryann Karinch
  • Smart Networking (2009) – Liz Lynch
  • The Customer Rules: The 14 Indispensable, Irrefutable and Indisputable Qualities of the Greatest Service Companies in the World (2009) – C. Britt Beemer and Robert L. Shook
  • Groundswell: Winning in a World Transformed by Social Technologies (2009) – Charlene Li and Josh Bernoff (OUT OF STOCK)
  • The Extraordinary Leader (2009) – Joseph Zenger & Joseph Folkman
  • Get Content Get Customers (2009) – Joe Pulizzi and Newt Barrett
  • Am I the Only Sane One Working Here (2009) – Albert Bernstein
  • The Organizational Champion (2009) – Mike Thompson
  • The Purpose Linked Organization (2009) – Alaina Love and Marc Cugnon
  • Every Family’s Business (2009) – Thomas William Deans
  • Performance Intelligence at Work (2009) – Julie Bell
  • Databases: A Beginner’s Guide (2009) – Andy Oppel
  • Digital Strategies for Powerful Corporate Communications (2009) – Paul Argenti
  • Winning Sales Letters (2009) – Ralph Allora
  • PowerPoint Presentations That Sell (2009) – Adam Cooper
  • Mastering Communication at Work (2009)
  • Fearless Leadership (2009) – Loretta Malandro
  • Click: 10 Truths for Building Extraordinary Relationships (2009) – George Fraser
  • Financial Statements Demystified (2009) – Bonita Kramer and Christine Johnson
  • Upstarts: How Gen Y Entrepreneurs Are Rocking the World of Business (2009) – Donna Fenn
  • Succession and the Family Business (2009) – John Geddes
  • Loops: The Seven Keys to Small Business Success (2009) – Mike Chaet and Stephen Lundin

Some of these books or so new they aren’t even available in stores yet! So, why not get a jump on your competitors by sending an email to Robert (Robert@BusinessCast.ca) to get a FREE copy of one of these business tools.

*Note: These titles are among the BusinessCast Business Book Essentials List.

Remember: Subscribe to the BusinessCast Podcast at iTunes

Business Resource Give Away Starts Soon!

Robert and I have been in discussion with the good folks at McGraw-Hill. We asked them for a number of exceptional business books that we could pass along to you — our loyal BusinessCast Podcast listeners and BusinessCast Blog readers.

We were able to secure copies of some first-rate, practical and leading-edge business resources. Topics of books we secured include various aspects of: marketing, finance, human resources, operations, people/project management and leadership.

Over the next few weeks, we’ll identify the books — either in this blog or in the BusinessCast Podcast — and let you know how you can get them from us for free!

Remember: Subscribe to the BusinessCast Podcast at iTunes

Heads-Up!

These are the final days of the Summer and yet, Robert and I are still getting hundreds of requests for us to tackle many of the pressing/common challenges faced by entrepreneurs.

So, we’ve identified some of the most popular requests. And, by way of giving you a heads-up, here is a partial list of the topics that we’ll be tackling in the BusinessCast podcast and (on this blog) over the next few/several weeks:

Marketing

  • Word-of-Mouth Marketing
  • Referral Marketing
  • Tag Lines
  • Fine Print Marketing
  • Luxury Marketing
  • How to Leverage Marketing Demographics (Boom, Bust, Echo…Belch)
  • Popular Marketing Tools (i.e. Newsletters, RFPs, Email, Presentations, Events)
  • How to Acquire New/Right Clients

Human Resources

  • How to recruit staff that really works
  • Effective and Cost-Efficient training

Finance

  • Alternate Sources of Funding

Leadership

  • Knowing How/When to Delegate
  • Succession Planning

Operations

  • Logistics

Finally, we’re also be interviewing a handful of business entrepreneurs and business book authors.

So, keep tuned. Keep listening to episodes of the BusinessCast podcastAnd, keep your comments coming. We’ll be here to help you get the most out of your business.

Remember: Subscribe to the BusinessCast Podcast at iTunes

By the Numbers: Part 2

Well, we did it – we started tackling some of entrepreneurs’ key ‘numbers’ questions and concerns. Why? Because, every business owner/manager has to contend with numbers…even if it is not their particular strength.

Listen to BusinessCast Podcast #69 – Business Success By the Numbers – to 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 Book Introducing Finances for Non-Financial Managers

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.

Remember: Subscribe to the BusinessCast Podcast at iTunes