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Much is being written about NAFTA as the U.S., Canada and Mexico renegotiate this trade agreement. With so much conflicting information, viewpoints and theories, I decided to do my own research and reach my own conclusions which culminate in four suggestions that could bring a fresh look to NAFTA.
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(Helping young entrepreneurs invest for long term capital growth)
If you are a young private investor looking to achieve a consistent reasonable return on your investment in stocks, selecting exclusively companies that pay a dividend may be a good recipe you would like to consider. I will share with you my experience and hope you find it helpful and practical. As always, I will give you my recipe, you put your ingredients.
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The media has been covering the failure of SEARS CANADA, which filed for protection in June, and Toys R Us, which recently filed for chapter 11 bankruptcy with a $3.1-billion financing package. That was the largest ever for a retailer. Most experts agree that the changing preferences and shopping habits of consumers are behind these large business failures, and there is no doubt that online shopping and reduced traffic to traditional shopping malls have something to do with challenges most retailers now face.
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A company wants to speed up its growth, gain new resources and/or assets. Going "solo" through organic growth may work but takes longer to achieve. So the company considers acquisition. It's like constructing a new house versus buying an existing one. Buying an existing house makes you the owner overnight compared to having to wait until the new house is built.
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The Government of Ontario is proposing radical changes that will affect business and employees across the province. With little warning, negligible consultation, and economic impact research, the government is setting the province in a new direction. Here is a quick summary of five key changes:
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Recently I received two emails: “No poets are accepted at the office” (instead of pets). Another wrote: “I need an assistant that is efficient, cheerful and reproductive under pressure.”
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I am often asked the difference between strategies, tactics, and operational decisions. Differentiating between these three types of actions is very important for running a business successfully.
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In December 1974 I was working as a waiter at le Castillion Restaurant in The Bonaventure Hotel, in downtown Montreal. At the time, le Castillion was one of the top restaurants in the city. Smoked salmon was cut and served at the table, Caesar salad prepared and tossed in front of dining customers, violinists serenaded patrons to celebrate their special occasions, and Cuban cigars available—to provide a special finale to a unique gastronomic experience.
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My parents taught me the importance of saying “thank you.” They passed the importance of appreciation along to me. Recently, when I read about a 2012 research study “Turning Thank You into Performance,” I thought how amused my parents would be to hear that “thank you” is now credited as one of the keys to corporate success! The study found that companies that provide ample employee recognition and appreciation have 31% lower voluntary turnover rates than companies that don’t.
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My mom was an excellent cook. Her recipes were simple but delicious. She used to tell me that her secret was using fresh ingredients, enjoying the cooking, being consistent, and not cutting corners. But what does this have to do with management? To a large extent, good management also relies on a few steps that, if performed well, will result in good business performance. Cut corners or engage in sloppy execution and the outcome will be poor.