Archive for the ‘Human Resources’ Category

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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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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Whenever Robert and I sit down and talk with entrepreneurs about their historic, current and future successes, one theme constantly emerges: entrepreneurs need strong teams. And that means they are always looking for ways to optimize how they find, hire and motivate staff.

That’s why for BusinessCast episode #127, we sat down with an entrepreneur renowned for effectively recruiting and retaining exceptional employees — in an industry where people are highly skilled, in great demand and highly mobile.

Chris Carder, President of ThinData, A Transcontinental Company, shares with us his approach to, and practical tips for, finding, hiring and motivating high performing professionals — people who will help you grow your business.

Also download a one-pager that describes how Chris and his team of executives retain and engage enthusiastic employees — drawn from ThinData’s years of growing to be one of Canada’s leading marketing companies.

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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.

Every year a slew of business books arrive in stores claiming to help entrepreneurs become more successful. But which books are really going to help you tackle your short- or long-term challenges?

Since Robert and I are always searching online/offline for resources that are truly practical and relevant for entrepreneurs, in BusinessCast episode #122 — Smart Book Smarts – we review three books that effectively address some of the most common and critical entrepreneur challenges.

The books we review in this episode are the following:

1) Selling to the C-Suite. What Every Executive Wants You to Know About Successfully Selling to the Top;

2) The Inspiring Leader. Unlocking the Secrets of How Extraordinary Leaders Motivate; and

3) Upstarts. How Gen Y Entrepreneurs Are Rocking the World of Business.

Listen to BusinessCast episode #122 — Smart Book Smarts to get a flavour of these resources and decide for yourself which one(s) are most appropriate for you.

A special thanks to McGraw Hill who graciously provided these leading-edge entrepreneur resources.

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