Blog

Coaching - Succession- Financial Planning

Regulation vs Innovation

My father used to tell me that a socialist is someone who loves humanity but hates people. I think of that line sometimes as I hear of the increasing predominance of regulation in our society. In the last few weeks I have heard of the coming regulation of farmers in Ontario that may consign Niagara’s…
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Changing the Guard

Anne and I came home from our round the world trip in 1979 with $300 in traveller’s cheques and a $270 Visa bill, net worth thirty bucks (but it was all in cash). I secured a line of credit for $3,000 and I started my own business, a public accounting office. The first thing I…
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Is Your Time Horizon Long Enough for Succession Planning?

Lost in the day-to-day? Too busy trying to stay ahead of the bankers, bureaucrats and competition to think about succession or any kind of planning? There is a basic business rule that says that your worth to your business is equal to what you would pay someone else to do your job. In more practical…
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Monsters Among Us

I was born in Oslo. In recent years I’ve grown to know and admire the city I left as a small child. I have travelled the world in my adult life, seen every continent except Africa (it’s on the list) and enjoyed the people and the variety of cultures that give richness to life, around…
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Selling the Business…It’s Not Just Economics

There was a battle going on inside me last year that took more than enough energy. It wasn’t an illness it was the emotional battle that follows the sale of a business. While the battle roared inside me there were times when I could stand outside myself, examine the emotions that occupied me and realize…
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Sudden and Unexpected

I was driving to a seminar recently when a radio report advised me that the road ahead was blocked as the result of a serious accident. I listened and felt relief that my exit would be well before the accident, it should not hold me up. A short time later the radio voice announced that…
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The Generational Investment Plan

I admit it, I do it… I listen to the radio in the morning to hear the stock futures. Is it going to be a good day or a bad day in the markets? The results can set the tone for at least the start of my work day. This is, of course, crazy. My…
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Long Term Wealth Needs Succession Planning

The business succession of our owner managed businesses is a big story among professional advisors, bankers and bureaucrats. The discussion seems to be less appealing with business owners themselves. I believe this is largely because our business owners are builders used to being in the centre of the action. Talk of succession planning suggests the…
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Blog Start

This is my first blog, I have thought about internet commerce for some time now and, after listening to Mitch Joel’s audio book “Six Pixels of Separation”, I have finally decided to jump in. Thank you Mr. Joel While my background as an accountant is in finance and business and more recently in personal financial…
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