Up Cash Creek Without a Paddle.

Even when business is good there’s still a change of running out of cash flow. You have to always be prepared for a slow in sales or a surge in expenses. One of the keys to balancing your cash flow is to get your clients to pay on time. This can seem like a nightmare, but is absolutely essential to a successful business.

Here are some tips to speed up the payment process:

·       Always send invoices on time and adjust your records for potential audits.

·       Learn how the client processes payments on their side and find out precisely where to send invoices.

·       Find out who’s in charge of processing orders and payment, so you know who to contact if needed.

·       Have a follow-up procedure in place, just in case.

·       As a last resort, call your contact to ask questions.

·       Always make sure your invoices are correct before sending them out.

You also need to make sure your cash flow is protected. You can do this by:

·       Always know which accounts need paid and when.

·       Negotiate with your suppliers for the lowest cost possible.

·       Have a bank contingency plan in place.

·       Build your own inventor network.

These are all great ways to protect the cash flow of your business and prepare for fish transitions and slow sales. These last few lessons are all about finding and catching your big fish clients. These clients are essential to your success and your need to take the time to work through each of these steps carefully and correctly for the best success.  If you need more help in these areas, just contact me and we will help you with business and the transformation of your business.

Canada is A Great Place to Open and Own a Business

This week’s article I thought I would talk about Canada and why it’s a great place to invest or to open up a business. With all the blood on the tracks in the great U.S. of A I thought I would brag a little about your neighbour to the north and discuss why Canada is doing well in spite of issues facing other countries throughout the world.
Here are the top 8 reasons why it makes sense to invest in Canada.
1. First of all Canada has a people advantage. Canada is a nation of intelligent, educated workers, ranking #2 in the OECD in higher education achievement.
2. The next is the business environment advantage: The Economic Intelligence Unit has rated Canada the #1 place to do business in the G7 for the next five years.
3. The economic advantage puts Canada as better placed than many countries to weather the global financial turbulence and worldwide recession
4. This one could be debatable since there are some better tax advantages in other countries. Canada however offers businesses low tax rates, boasting the lowest payroll taxes among the G7 countries.
5. The NAFTA Advantage advantage gives investors access to more than 450 million consumers and a combined GDP of US$ 17.1 trillion (PPP basis).
6. If you are considering doing business in Asia the Asia-Pacific Gateway and Corridor Initiative (APGCI): takes advantage of Canada’s strategic location as the crossroads between the North American marketplace and the booming economies of Asia.
7. The transportation advantage gives Canada a sophisticated infrastructure and a highly developed transportation network.
8. Last of all the main reason we are all here in the first place is the life style advantage which gives Canada world-class universities, a universally acclaimed health care system, clean, friendly cities and spectacular scenery make Canada a great place to invest, work, live and raise a family.
There you have it, a simple and effective reason to invest in Canada. If you are thinking of opening a business, looking for good investment or want to move to stable democracy Canada for my money is the place to start hands down. Hope this helps you think about great places to live and invest.

Kensel Tracy is The Marketing Coach with the Corporate Coachworkz Inc. a business coaching company located in Chelsea Quebec, and Ottawa Ontario. He is also the President of Business Over Breakfast Clubs opening up in every city throughout North America.

Welcome to a World of Extremely Wired Woman

It’s a crazy tough world out there and women networkers in the technology field in Canada now have a new group to network with. Called Wired Women, the organization is a new networking group that focuses in on helping women in the technology field grow their business, their networks or their careers and it has now has branches open now in Toronto and Vancouver.

Network, educate and mentor are three words that have guided the volunteer networking group Wired Woman since its inception and symbolize and remain the pillars of the organization.

Wired Woman’s mission is to create an environment that encourages women to explore opportunities in technology, science and new media and to build successful careers that will allow them to become a driving force in these expanding sectors.

If you are finding it a challenge to meet people in the technology, science and new media sector then Wired Women helps you network. The group’s intention is to attract as many talented, interesting women in technology as possible, to grow our community and to provide forums for everyone to interact without the barrier of an annual fee.

At regular events, seminars and social functions Wired Women provides members and volunteers with real opportunities to gain exposure to an industry that otherwise can seem intimidating and confusing. It helps women to grow their network, meet interesting people and make lifelong connections.

Wired Woman also runs regular workshops, seminars and events to educate and empower women in the technology sector. We also provide training, support and resources to help our members learn more about the many opportunities available. Volunteering for Wired Woman also provides an opportunity for members to gain hands on experience, add to their resumes and to learn more about their industry.

The mentoring comes in when you need help crafting your career path or for someone to talk to who is in the industry? Wired Woman members are invited to apply to join a 6-month mentorship program. Aimed at women entering or re-entering the work-force, it is designed to help women who need career guidance.

Mentors meet with mentees at least one hour, monthly, for the duration of the mentoring relationship. This career mentorship experience is enhanced with networking events and education workshops.

You can follow Wired Women on Twitter, and join the Wired Woman groups on Facebook (Wired Woman Society) and LinkedIn (Wired Woman).For more information on Wired Women check out their website at www.wiredwomen.com
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Kensel Tracy is the Marketing Coach with the Corporate Coachworkz Inc. in Chelsea Quebec and is President of Business Over Breakfast Clubs (BoB Clubs) of North America. If you have an interesting story contact him at Kenselt@sympatico.ca