BusinessCast Podcast » Financial Decisions

The BusinessCast Top 10 in 10

Andrew - BusinessCast Co-Host — Sun, 27 Jun 2010 22:07:16 +0000

When we chat with North America’s business leaders, we’re always focused on identifying guiding principles and practical tactics that you, as an entrepreneur, can apply to enhance your own business success. But, our guests always have unique definitions of current success and predictions for future success.

That’s why for BusinessCast #158, we launch the first in a new series: “The BusinessCast Top 10 in 10“. In each BusinessCast Top 10 in 10, two of our guests answer 10 critical business questions in the span of just 10 minutes! For the first in this new series, we turn to two recent guests: Carl Yankowski — former CEO of Sony Electronics, Reebok and Palm as well as Steve Smith, former CEO & President of WestJet and Zip Air.

**Recommended Event for business leaders/managers: Online Marketing Summit (in Chicago on June 30).**

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Big Lessons from Big Business

Andrew - BusinessCast Co-Host — Sun, 23 May 2010 23:35:56 +0000

Entrepreneurs are insatiable — always striving to grow, learn and innovate. So, it’s no surprise to any BusinessCast listener that entrepreneurs find themselves leading some of the world’s most successful companies. In BusinessCast #153, we tap into one such entrepreneur: Carl Yankowski who has been CEO at Palm, Reebok and Sony Electronics — as well as holding senior positions at Polaroid, Cadbury Schweppes, Pepsi and Memorex.

As a lifelong entrepreneur himself, Carl shares his insights, great business stories and valuable lessons for entrepreneurs who want to bring exciting products to market and always be exceptional.

**UPCOMING EVENT FOR ENTREPRENEURS**: MarketingSherpa and MarketingExperiments are hosting a series of one-day seminars across North America. Check out the Online Marketing ROI conference (coming to Toronto in June) where you can also win an iPad.

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Choosing the Right Buyer

Andrew - BusinessCast Co-Host — Sun, 21 Feb 2010 21:14:10 +0000

You’re being courted by a handful of companies that want to purchase your business. Wow! That’s an exciting scenario that many entrepreneurs strive for and consider essential validation that they’ve been successful.

But, the truth is that rather than being an easy destination in itself, this is a critical cross-roads that takes a great deal of determination, patience and focus. The countless number of issues that you need to address include:

How do you choose between potential buyers?
Is this the right time to sell?
What’s your role going to be once the purchase is complete?
What are your key measures of a success?
When should you walk away from the deal?
Who should you involve in the selling process?
What are the likely surprises that you’ll face?

To get the answers to these questions in BusinessCast #142, we interview Chris Carder, President of Thindata 1:1 — one of North America’s leaders in multi-channel and database-driven marketing solutions.

In March of 2008, Transcontinental purchased the company that Chris and his partners built. So, in BusinessCast #142 Chris provides practical hands-on insights and candidly shares his pre-purchase concerns and post-purchase lessons. This is essential listening for any entrepreneur who ever thinks about selling their company.

*A reminder of upcoming (Toronto) events critical for all business leaders:

The Art of Marketing (March, 2010)
Emetrics Marketing Optimization Summit (April, 2010)

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Managing the Numbers

Andrew - BusinessCast Co-Host — Sun, 31 Jan 2010 15:34:14 +0000

“FINANCIAL NUMBERS“. Even the mention of the phrase can frustrate the most intrepid entrepreneur. The sheer abundance and sources of critical financially-relevant data in (and around a) business is often difficult to identify, never mind interpret. But, entrepreneurs need to acquire some dexterity in financial numbers to be successful. So where do you begin? After all, you’re running your business, looking for growth opportunities, putting out fires, establishing strategic partnerships and constantly updating your business strategies.

That’s where our special guest comes in for BusinessCast episode #139. Intuit’s senior marketer Barb Anderson provides insight on the first step of successfully working with financial data: managing the numbers. Barb taps into a wide community of growth-focused companies of all shapes, sizes, ages and industries. She shares very practical tips on how to get a handle on your financial data so that you can make better and faster decisions.

Complimenting Barb’s insights on how to manage the numbers, check out BusinessCast episode #98 — Financial Intelligence — where we interview the author of the book for quickly getting comfortable with interpreting financial data. Together, these two episodes give you insights and resources that will increase your financial skills and confidence.

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Q&A — Part 2

Andrew - BusinessCast Co-Host — Mon, 14 Dec 2009 02:11:21 +0000

Over the last few weeks Robert and I have been collecting and consolidating the hundreds of questions that get sent to us each week via email, phone, Twitter, LinkedIn, Facebook etc.

But, rather than answer all the questions ourselves, for BusinessCast episode #134, we brought in two of the leading trainers of Canada’s growth companies — Andrew Patricio and Roger Pierce — the founders of BizLaunch. Together, the four of us answer questions spanning Marketing, Sales, Human Resources, Finance, Operations and Technology.

Listen to BusinessCast episode #134 and chances are we’ll be answering questions that you frequently face. Also, listen to our recent episode Q&A — Part 1 where we posed a host of other commonly asked questions to our very special guest, Peter Thomas, the founder of Century 21 Realtors.

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Be Prepared: Continuity Planning

Andrew - BusinessCast Co-Host — Sun, 06 Dec 2009 22:58:39 +0000

When was the last time you and your team planned for an emergency? If you’re like most entrepreneurs, your answer is “We’re far too busy to plan…” or “We’ve already taken precautions to prevent emergencies…” or “We aren’t at risk…”.

Well, the truth of the matter is that all you have to do is open up a newspaper to find instances of business leaders just like you who have suffered great personal and professional losses from not having a current, relevant and flexible continuity plan (i.e. business disaster plan).

That’s why in BusinessCast episode #133 — Be Prepared: Continuity Planning — we reached out to get the most current insights about how and when leaders in growth companies should plan for emergencies. Our guest is American Express’ VP and General Manager, Howard Grosfield. Howard shares with us the results from American Express’ recent cross-Canada research of growing companies’ current state of continuity planning.

Listen to BusinessCast episode #133 and you’ll understand how your emergency planning stacks up against your competitors. At the same time, you will find practical tips for helping you determine how and when to cost-effectively develop a relevant continuity plan for your company.

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Business Success: It’s About Time!

Andrew - BusinessCast Co-Host — Mon, 02 Nov 2009 18:03:53 +0000

One of the many things that all successful entrepreneurs have in common is an insatiable need to bring their innovations (i.e products, services and/or processes) to the market. But, a key question that often gets trampled in the midst of entrepreneurs’ enthusiasm is “When is the right time?”

Because short- and long-term success depends so much on timing, for BusinessCast episode #128 Robert and I sat down with Steve Taylor, President of Resolver Inc. to gather his insights about evaluating the right time to launch/grow a successful business.

Listen to BusinessCast episode #128 to get a clear sense of some of the key timing considerations and how you can ensure your success by increasing your state of business readiness.

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Investing in Innovation — What You Need to Bring to the Table

Andrew - BusinessCast Co-Host — Mon, 12 Oct 2009 16:14:57 +0000

Successful entrepreneurs are by their very nature innovators — it’s very nearly a pre-requisite. But, before determining if their business is going to attract customers and attention, every entrepreneur has to answer a key question: Is their business innovative enough to attract funding?

To answer this question, in BusinessCast episode #126 — Investing in Innovation — Robert and I sat down with David Ceolin who spends his time evaluating, and investing in, entrepreneurs and their innovative business ideas. David shares with us his criteria for innovation and the processes that entrepreneurs should follow — prior to seeking funding.

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Starting and Growing Your Business: Success Now and in the Future

Andrew - BusinessCast Co-Host — Tue, 06 Oct 2009 16:33:39 +0000

All successful entrepreneurs are forward-looking. So much so that even when entrepreneurs are in the very early stages of starting their business, they are typically actively searching for future ways to improve it, grow it and expand it.

One of the greatest examples of successfully applying this approach is the disciplined and innovative mind behind Verity – Canada’s premiere Women’s networking club. The club’s founder Mary Aitken began Verity as a stand-alone business where women could meet, network, relax and have fun.

But, Mary, who is a very successful entrepreneur, thoughtfully researched the targeted market and soon found the need to expand Verity to include a world-leading restaurant (George), an enviable spa (Sweetgrass) and most recently, a luxurious hotel (The Ivey).

For BusinessCast #125 — Starting and Growing Your Business, Mary sits down with Robert and me and shares her compelling and exciting story. She also highlights some key lessons relevant for all entrepreneurs. Whether you are starting, honing or expanding your business, Mary provides some practical tips as well as inspires you to keep looking forward — and thereby ensure your success.

Buying Technology To Help Your Business Grow

Andrew - BusinessCast Co-Host — Sun, 20 Sep 2009 23:25:31 +0000

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.

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