Profit Mastery November Newsletter

Tom Lewis - Luxury Bed & Breakfast

Telemark Ridge Lodge & Wellness Retreat

profitstom@gmail.com
778-846-1554
https://www.airbnb.ca/users/113907328/listings?user_id=113907328&s=1

Tom - Facebook

We're moving to Kelowna

 

Yes Folks, the rumours are true Jennifer and I are planning on moving to the Okanagan Valley. 

I've loved living and working in the Coquitlam Area for almost 22 years. Its been my pleasure to serve on the board of the local Chamber of Commerce, Access Youth Outreach Services Society and Community Venture Society.  

We've both decided its time for a change in lifestyle and look forward to reestablishing our business somewhere in the Kelowna - Vernon corridor. 

We'd welcome any business contacts you'd like to share. 



7 Steps To Selling Your Small Business

 

Selling a small business is a complex venture that involves several considerations. It can require that you enlist a broker, business financial planner and an lawyer as you proceed. Whether you profit will depend on the reason for the sale, the timing of the sale, the strength of the business's operation and its structure. The business sale will also require much of your time and, once the business is sold, you'll need to determine some smart ways to handle the profit. Reviewing these seven considerations can help you build a solid plan and make negotiations a success.

The attached article recommends speaking with a financial professionals.I work with brokers, transition specialists, financial planners, tax experts and legal experts. Contact me about your situation and I would be happy to refer you to the right person to help make your succession more successful.



Imagine… Increasing Your Business Profits, Easily

 

Imagine if you could automatically and securely analyze your monthly financial statements to learn where your Profit and Cash Flow opportunities lie – and how to act on those opportunities?!

Recognizing the challenges and the many hours needed to calculate all the metrics Financial Soft, in cooperation with Profit Mastery, has built Profit Gap to do the math for you.

See more including sample Profit Gap reports attached. We offer a 30 Day Free Trial and 30 Minute Consult. Providing you with valuable insight into the opportunities to profit in your business. 



5 Tips to Getting Small Business Financing

 

It’s no secret that small businesses can have a hard time getting financing. So before you approach lenders, make sure you ask yourself:

Am I bankable?

Am I Prepared?

How can I maximize my chances of getting credit approval?

Here are five simple things you can do to up the odds of getting your funding approved.



Profit Mastery University Online

 

This is the next level of business financial management training: a world-class online program designed to help you achieve greater profitability and efficiency.

Profit Mastery University (PMU) online will help you gain the knowledge and skills you need to help your business achieve financial success. Ideal for a busy business owner or business professional to fit into their schedule, PMU is a user-friendly seminar that teaches you how to manage your company from its financial reports.



Tom's Business Resource Centre

 

I've created this list of resources primarily for start-up entreprenuers,  those who are looking for resources to help them find financing or information helpful to financial planning within a family run business.

Small business and start-up tools

How to get inside a lenders head

Business start-up checklist 

Are You Ready to Start a Business?

Small Business Financing Programs

The Canada Small Business Loans Program

Women’s Enterprise Initiative

Small Business Loans for Women from the Women’s Enterprise Centre

Futurpreneur (funding and mentoring for young Entrepreneurs)

Futurpreneur Website

Government Grants

Canada BC Job Grant Video & Information

Industry Canada Benchmarking 

What is the SME Benchmarking Tool?

Find Your NAICS Code

Create Your Benchmark Report

Planning Tools

Ratio Analysis Scorecard

Business Financial Road Map Analysis

If your looking for more resources or advise, please email us at training@profitmastery.ca

 



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