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    0 10 Things the Executor of an Estate is Required to Do

    You have been named as executor in a loved one's will. What does that entail?

    cemetery headstones

    You might feel honoured to be named the executor of a person’s estate. After all, it is an indication of the high regard and level of trust that the testator feels for you. However, it is a demanding, time consuming and often complicated role.

    Acting as the executor of an estate involves dealing with all the legal, fiduciary and tax implications arising out of the person's death, as well as coping with the financia...

    0 What to Consider When Naming an Executor in Your Will

    If you are about to make a Will for the first time, you may find that choosing an executor to administer your estate can be one of the most difficult - but possibly the most important - decision you will need to make with regards to your Will and estate planning.

    Your executor (also called a "personal representative") is the person you appoint to carry out the instructions in your Will, to distribute your property according to your directions, and to wrap up your estate after you die. You can n...

    0 Things to Consider Before You Split With a Franchisee

    Divorcing a franchisee is the act of removing a franchisee from, or asking the franchisee to leave, the franchise system. It can be messy and difficult, just like divorcing a spouse. But sometimes it's the only solution.

    There are three ways in which you can accomplish the split:

    1. The most desirable option would be to transfer the franchise to another qualified franchise prospect. This can be done while the original franchisee is still occupying the location in order to facilitate a smoothe...
    0 Taking Your Business Online - Answers to Some Frequently Asked Questions

    Have you considered moving your business online, but are not really sure what that will entail? You're not alone. Businesses large and small have expanded their reach by adding an online presence to their brick-and-mortar environment.

    ecommerce shopping

    The internet offers a great opportunity for all small businesses, and along with that power comes unique challenges. Sure, every business owner faces issues daily, however, online entrepreneurs have some especially challenging queries which require specific, no-...

    0 Understanding Working Capital: A Guide for Small Business Owners

    As a small business owner, you know how important it is to have enough funds on hand to keep your business running. These available funds are known as working capital, and they are needed to run a healthy business.

    calculator and bills

    Inadequate working capital levels are cited by the SBA Small Business Administration as one of the top reasons for small business failure. As such, learning about and securing proper levels for your company is crucial.

    What is Working Capital?

    Simply put, working capital is the d...

    0 Small Business Funding 2018: The Best Ways To Finance The Future

    Whether you have a great new startup idea or a long-running business, you’ve probably come to one inevitable fork in the road: financing.

    US dollars

    It’s the extra capital you need to take your company to the next level, be it for funding resources, creating a new marketing budget, or securing a deal with an overseas manufacturer. Entrepreneurs in Connecticut know full well the challenges faced as its highly-competitive markets cater to some of the wealthiest income brackets in the country.

    Small busin...

    0 17 Ways to Hone Your Listening Skills with Employees

    Listening is often more effective than talking for establishing rapport with employees. A good manager must also be a good listener. When an employer listens to employees and demonstrates that they have heard and understood an employee's concerns, the employee feels more at ease and less anxious about the interview.

    Developing good listening skills can be a major challenge, but there are some guidelines you can follow to hone your skills and learn to really hear what your staff are saying.

    T...

    0 How Multi-Unit Buildings are Preparing for the Legalization of Pot

    Bill C-45 has passed the Senate. Once enacted, the Cannabis Act will make it legal to smoke pot in Canada, and to grow a limited quantity of personal marijuana (up to 4 plants) on your property.

    man smoking a joint

    And while pot growers, distributors and smokers are very happy about the legalization of marijuana, condo boards and landlords across the country are scrambling to deal with issues which will impact all residents in every multi-unit dwelling in Canada.

    Potential risks and grounds for complaints

    In m...

    0 Keep those lines of communication open with your franchisees

    Franchisees often look to their franchisor as a "parent figure" - a pillar of strength to lean upon and a chief source of advice, knowledge and creative inspiration. If you as a franchisor fail to live up to this larger-than-life image and do not provide sufficient advice and direction to your franchisees, they will feel they are being shortchanged on the basic services that they are paying for.

    As a franchisor, you can offer needed guidance to your franchisees through a structured communicatio...

    0 Help Your Franchisees Implement Business Solutions

    In a previous post, we discussed how developing a good questioning strategy can help franchise support representatives to solve franchisees' business problems. This article covers the next step - implementing a solution.

    1. Determine the implementation timeframe.

    solutionOften franchisees will have predetermined expectations about how, and when, their support representative will help them implement a solution to a problem. These expectations are sometimes not realistic. It is therefore important to cl...