There is a high cost to workplace deception

An organizational strategy for reducing lies and increasing candour at work

There is a high cost to workplace deceptionLies in the workplace are expensive. According to the Association of Certified Fraud Examiners, a typical organization loses five per cent of its revenue to fraud – a potential global loss of $3.5 trillion. But the cost of out-and-out fraud pales in comparison to the monumental cost of the erosion of trust that occurs when…

Is your company being ripped off by your employees?

Ten ways you might be cheated and what you can do to reduce your risk

Is your company being ripped off by your employees?James and John came into my office one day and were noticeably shaken. James had just come from the accountant and learned that his business had lost $400,000 in the previous year. In obvious disbelief, he asked if I could help him figure out what the problem was. In our discussion it came out that…

Are you in a leadership slump? Five things to revive yourself

Focus on being honest and ask for help, consider a sabbatical and trust yourself

Are you in a leadership slump? Five things to revive yourselfI bumped into Julie’s father at the grocery store and asked how his daughter’s business was doing. He told me she was going through a rough patch, so I called Julie. The first thing I noticed was Julie’s voice: the excitement was gone, and her energy seemed depleted. She told me about everything that was…

Beware the bad investor

Here are a few warning signs that you may be falling into the clutches of a bad investor

Beware the bad investorIn an ideal scenario, your deal has attracted such interest that you have the luxury of choosing your investor. Most entrepreneurs are not afforded this luxury and will often need to take the investment dollar that is offered. This I understand. Raising money for emerging companies can be incredibly difficult so, when money is offered,…

Three things leaders can do to prepare for calamity

What would happen to your business if you were unable to continue?

Three things leaders can do to prepare for calamityMy father had a stroke last week. Thankfully, at almost 83, this is one of the first serious ailments he has had in an otherwise healthy life. However, observing the debilitating effects and chaos that a serious illness can have on a person and family made me understand the need for leaders to have plans…

Are you failing as a leader?

Here's what you can do about it

Are you failing as a leader?If you’ve ever been in a leadership position, you’ve probably gone through a time when you didn’t feel very effective. Perhaps you were sitting at your desk wondering what to do next. Maybe you felt overwhelmed with the tasks at hand and wanted to give up. This might have happened when you had staff who…

What to do about bad leaders

Four questions to ask to ensure your leaders know what they are doing

What to do about bad leadersThe world is full of bad leaders. Luckily for the rest of us, they are pretty easy to spot and tend to have limited impact because they generally do not have much influence or staying power. The real concern should be with leaders who are not bad – they just aren't very good. These are…

Ten strategies to improve your odds of a better hire

If you take your time, and trust your gut, you are more likely to find the best candidate

Ten strategies to improve your odds of a better hireHiring is rarely something managers look forward to. It often feels like an arduous process that ends in a crapshoot. But there are strategies that improve your odds of hiring well. Don’t stay inside the box. In my experience, employers do not cast a wide enough net when they recruit talent. Human resources professionals and…

Canadian government grants your business might qualify for

Many business owners are struggling to survive. These grants could help

Canadian government grants your business might qualify forWith the changes in the economy, many business owners are struggling to get a foothold on what they need to do to ensure their business is stable now and into the future. As a business coach, I’ve seen some tremendous transformations when businesses have had the opportunity to hire outside help to guide them towards…

What to do if your start-up is suffering Founderitis

Founderitis rips a blade across the throat of opportunity and buries potential in the soft sand of ego

What to do if your start-up is suffering FounderitisThink of entrepreneurs as explorers. To survive and thrive, they have to confront an ever-changing world and wrestle with the future. If they don't, they die. They often do not and cannot know the exact course they must take to successfully realize their vision, but they have the courage to leave shore anyway. You gotta…

Five ways to keep your sales campaign from falling short

Don't stumble on the road to success

Five ways to keep your sales campaign from falling shortMike and James had a big plan to sell more of their widgets. The widgets they built were wonderful. They had numerous testimonials that these widgets changed people's lives. Mike wanted to grow this aspect of their business and James agreed. They came up with a plan, built the brochures and sales materials, started down…

Beware of the revolving-door venture capitalist

What happens when your great VC buddy who helped you through so much is gone?

Beware of the revolving-door venture capitalistA start-up that takes its fundraising seriously has to allow its CEO to tackle the project full-time for up to a year. The founders have studied the due diligence requirements ahead of the process, and they approach the investment community in an orderly and structured fashion. The founders and CEO work hard to listen to…

Why I served roadkilll to my investors

When we slow down, look for options and are creative in our thinking, we save money, time and energy

Why I served roadkilll to my investorsIt was my lucky day when Emile told me he had some roadkill in his freezer that he would trade for a couple cases of beer. Not so lucky for the cow that had been hit by the semi on the highway, I guess. Emile told me he had lots of steaks in the boxes…

Three things you only learn as an entrepreneur

It’s up to you to bring in clients. The buck stops with you if your employees fail to perform

Three things you only learn as an entrepreneurStarting your own business teaches you things you’ll never learn in a job. Here are three of them: Where the money comes from As an employee, you can expect your paycheque to arrive every week or two without fail, even if you’re sick or on vacation. At one level, you realize the money comes from…

The necessary perils of entrepreneurship

Real value does not come from the idea alone. Great ideas without execution are empty roadside soda cans

The necessary perils of entrepreneurshipThere were nearly 900 people seated at round tables alternating small talk with bites of chicken. The ballroom was glamorous, the chicken was dry and few paid attention to the joke-telling emcee. "My wife says that if I don't give up golf, she's going to leave me. I'm really going to miss her! Har har!…
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