Social Media Marketing Tips: Follow the 80% to 20% Rule

There are infinite ways to reach your audience, there is no secret formula as such. Enforcement of the 80-20 rule should always be an integral part of your social media marketing strategy. In short, it means that 80% of your content should be engagement-oriented, giving your viewers something valuable to read and engage them in conversation or participation, and only […]

Different business plans for different readers

Did you know that the business plan you produce will be slightly different, depending on who you present it to? Yes it will and it is good to remember this when writing your business plan. For a Venture Capitalist: These are high net worth individuals or companies who want to invest in a business and exit the business making a […]

Flexible leadership: learning to lead and manage

It is time to end a decades-long debate. For years, leadership consultants have discussed the differences between leadership and management and which approach is more effective. Some argue that management and leadership are mutually exclusive roles that require different values ​​and characteristics. This conventional way of thinking says that managers value stability, control, and efficiency, while leaders value flexibility, innovation, […]

Small Business Valuation – EBITDA Vs SDE

Income, assets, and market are the three most popular approaches used to value a business. This article will focus on the different types of income used within the income methodology. Under the income approach, businesses are valued based on the profit the business generates. Buyers are more concerned with the amount of income that would be available to them if […]

Excel Macro Tips: Run an Excel Macro from the Immediate Window

This article will explain how to use the immediate window in the VBA debugging environment. This environment can be used as a kind of scratch area or sandbox and has many uses besides debugging code. If you can’t see the Immediate Window, you just need to enable it. It’s really simple. Open the Visual Basic Editor View immediate window Or […]

FASB Proposed Lease Accounting Changes: Impacts on Commercial Real Estate

Introduction: The Financial Accounting Standards Board (FASB) on August 17, 2010 published its “exposure draft” that requires companies to record almost all leases on their balance sheets as a “right-of-use” asset and a “payment of corresponding future lease – liability”. . What does this mean for your business in simple terms? This proposal essentially eliminates operating leases; all leases (unless […]

Professional Corporations – Advantages and Disadvantages

What is a professional corporation (PC)? A PC is a corporation that is owned and operated by one or more members of the same profession (for example, doctors, lawyers, accountants, dentists). The services provided by the company are generally restricted to the exercise of the profession. Professional corporations are now permitted in all Canadian provinces and territories. In each province/territory, […]

The dark side of Excel spreadsheet reconciliations

challenges We all love Excel. Spreadsheets may seem flexible for tracking your account data and completing your month-end closing process. But do you really know the damage and cost that Excel can cause in the month-end closing process, for you and your team? The problem with spreadsheets An expensive reality is not with Excel itself, but with the manual “Excel […]

Pros and Cons: Machine Embroidery vs. Hand Embroidery

If you are in the embroidery business, this can be a difficult decision. Do you outsource your work for hand embroidery or do you hire a machine embroidery company to do the work? Let’s look at the pros and cons of both options. Advantages of hand embroidery 1) Hand embroidery can create unique looks and beautiful pieces that are truly […]