Archive for the ‘Risk Management’ Category

No-one likes a crisis. That’s why it’s far too common for even the most successful entrepreneur to overlook crisis planning. The challenge is that once you’re in the middle of a true business crisis, you rarely have the time or the resources to deal with it as well as you would want to.

After all, you could find yourself thrown into a very tense situation — trying desperately to deal with members of the media, angry clients, disenchanted employees, wary investors, intrusive regulators and other critical stakeholders.

It’s an emotional time and all it takes is saying ONE wrong word and your business can suffer. That’s why in BusinessCast episode #123, Robert and I “pick the brains” of one of the Nation’s leaders on crisis communications. Dr. Allan Bonner and his team have advised Canada’s most senior business leaders, political figures and sports figures to successfully avoid a crisis, deal with a crisis and turn around a crisis to their advantage.

Listen to BusinessCast episode #123 and get some practical insights on how you can make sure that you’re prepared when a crisis hits your business.

Remember: Subscribe to the BusinessCast Podcast at iTunes

We’ve all seen businesses rise and fall. But, why do some businesses implode while others flourish? We’re fascinated to find the different answers to this question which has perplexed entrepreneurs since the onset of commerce. That’s why Robert and I are constantly exploring the critical components and conditions that make entrepreneurs and their businesses succeed.

It turns out that one of the fundamentals to determining success or failure hinges on an often unspoken assumption: entrepreneurs equate business success with their wealth. But, what happens when that isn’t the case? What happens when an entrepreneur’s long-term wealth is hampered by their very own life’s work (i.e. their business)?

In BusinessCast #117 — Family. Business. And, Wealth – Robert and I explore how entrepreneurs can ensure long-term wealth by sitting down with Thomas Deans, author of the widely-acclaimed book: Every Family’s Business. Thomas takes a truly practical — and sometimes controversial — approach to ensure that entrepreneurs can build and sustain the wealth they’ve worked so hard to build…even if that means drastically changing their relationship with the business that’s been in their family for generations. While that might sound sacreligious to many, his disciplined approach and rationale is a wake-up call to every entrepreneur.

Whether you’re managing a family business, selling a family business, investing in a family business or purchasing a family business, you’ll want to listen to Thomas’ insights in this episode of the BusinessCast podcast.

Remember: Subscribe to the BusinessCast Podcast at iTunes

Robert and I are constantly gathering and sharing useful business resources with BusinessCast podcast listeners. For example, last month, we gave away a Blackberry Bold to an intrepid entrepreneur in our “Entrepreneur Be Bold!” contest.

And, we’re always adding to our library of practical business books. In fact, recently, we added several new titles including:

• Business Lessons from the Edge – Learn How Extreme Athletes Use Intelligent Risk Taking to Succeed in Business
• Digital Strategies for Powerful Corporate Communications
  
• Financial Statements Demystified
• Click: Ten Truths for Building Extraordinary Relationships
• Fearless Leadership
• Winning Sales Letters
  
• Every Family’s Business – 12 Common Sense Questions to Protect Your Wealth
• Turn Small Talk Into Big Deals
  

To get any of these free resources,  just send a note to robert@BusinessCast.ca.

Later this week, we’ll be posting an interview with Tom Deans, author of Every Family’s Business. Because this book is focused, practical, easy-to-read and truly universal, it’s become  a “BusinessCast Essential” book — that is, a critical resource that we believe all entrepreneurs should spend time with. Tom takes a fascinating, controversial and unique approach to ensure that every entrepreneur — buying or selling a family business — can retain wealth.

Remember: Subscribe to the BusinessCast Podcast at iTunes

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

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