Dumb Money!!!
Richard Thaler is considered by many to be the grandfather of the emerging field of Behavioural Economics. Recently, the New York Times ran an editorial wherein Mr. Thaler and a

2023 Your Business Year Ahead
What is the theme of your business in 2023 based on where you are in the business growth roadmap? Stabilizing? Streamlining? Scaling? What needs to be done next to build

Your Year in Review 2022
The Question: What should business owners review at the end of the year? Year End Review as Feedback: The purpose of your Year End Review is an opportunity to collect

“What” Creates Wealth from Profit – Intentional Wealth Pillar 3
The Question: I know my “why”, I’ve built my “how” – team, plans, governance that help me escape the survival trap and create profits… when does the wealth come into

It’s How you Get There – The Intentional Wealth Framework – Pillar 2
The Question: I know my “why” from Pillar 1 – now what? The Intentional Wealth (IW) Framework (recap): The Intentional Wealth Framework is the proprietary model we use with our

Corporate Wealth Secrets IW Pillar 1
The Question: Can you really plan for wealth? Isn’t it something that just happens (or doesn’t)? The Intentional Wealth Framework: Absolutely you can plan for wealth. It is not something

The “Magic” Tool for Business Success
The Question: What is the number one key to achieving real success in my business? Answered from two different directions by the Coach (Cher) and the Consultant (Jim). Just (Don’t)

Client Contracts are Delightful
The Question: Do I really need to have a client contract? Why? One of the most important things about contracts is not the way they protect you, but the way they delight your

Prequel – Corporate Shareholders Agreement
Prequel – watch this with your business partners before watching the 7 D Framework of Corporate Shareholders’ Agreements. Start the discussion with your Corporate business partners to see the value

Securing Trust – a Shareholders Agreement Masterclass
Understand the 7 D’s of the Shareholders Agreement – watch this with your corporate partners to open a positive conversation about your Corporate Shareholders Agreement. This takes the emotion out

IDENTIFY THE NEXT VITAL NEED IN YOUR BUSINESS
IDENTIFY WITH ACCURACY WHAT NEEDS YOUR ATTENTION TODAY Regain Control of Your Business Adopt an iterative method of business growth. Join Cher and Mike Michalowicz to dive into this simple,

Invisible Business Transitions
Survival, Stable, Scaleable, Saleable Business success takes you through predictable transitions. Changes in your business that can feel like failure, or like hitting a wall but are actually signals that

Business Biases, Bottlenecks, and Blindspots
Seeing the invisible, different perspectives, being objective… all critical thinking skills that help get past biases, bottlenecks & blindspots. The delicate balance of working IN the business vs ON the

Entrepreneurial Poverty and Zombie Businesses
You cannot sell yourself out of entrepreneurial poverty. The Question: When do small businesses start turning real profit… and why don’t they? Spoiler alert: It is not about sales numbers. You

The 4% Business Owner
The entrepreneur determined to transform their business into an asset. When you first started in business, typically, it was because you were good at a “thing” – a product, a

Would you welcome a mentor? Would you be one?
A business coach or mentor can be powerful ally. What do you think? Would you welcome a mentor? Would you be one? A case for being a business mentor or

Predicting the bottom
Predicting the bottom of the market and recognizing the opportunities it holds. Investment opportunities in a down market In times of uncertainty, it makes sense to want to pause investing

Investing in Uncertain Times
Uncertain markets can challenge the discipline of even the most committed investor. Have a plan, stick to it, and be patient. Uncertain markets can challenge the discipline of even the

When is the right time to Incorporate?
As business grows, entrepreneurs need to think more about the legal, accounting, and financial planning side of things. When is the right time to incorporate? Most businesses start out small

Professional Real Estate Corp
Is creating a Professional Real Estate Corporation (PREC) right for you? Ontario recently joined several other provinces by allowing the establishment of personal real estate corporations (PREC). A personal real

Protecting your Greatest Asset
Many people think their greatest asset is their home, but your greatest asset is your ability to earn. Your greatest asset is your ability to earn a living. If you

Turning Dreaming into Planning
Each stage of your business life has its own focus and associated needs. Similar to needing a financial plan for your personal life, it is important to utilize planning tools

2021 Key dates, investment info and stats
Savings and Pensions RRSP contributions: � Maximum contribution for 2020: $27,230 � Last day for 2020 contribution: March 1, 2021 � Maximum contribution for 2021: $27,830 TFSA contributions: � Maximum

Want to get there quicker?
It is almost always most tax efficient to hold insurance policies corporately. A Dollar Saved is Two Dollars Earned In David Chilton’s book The Wealthy Barber, the character Roy Miller quips

Teaching Children About Money
Financial literacy is an essential life skill. Teaching children how to manage money will help them throughout their lives. Teach Them Well In the song `Greatest Love of All` made popular

Your Health is your Wealth
Being financially prepared can improve your health. We all talk about stress, but we are not always clear about what it is. This is because stress comes from both the

Eye of the Storm.
This is a call to action. Sunday, the New York Times published an article titled “Surviving Covid-19 May Not Feel Like Recovery for Some”. The gist of the article (byline

Does Money Burn a Hole in Your Pocket?
You know how much you earn, right? Do you actually know how much you spend and on what? Really? Most people are in the dark. Whether you get minimum wage
COVID-19 GOVERNMENT PROGRAMS
We are living through extraordinary times. A time of great challenge being met through front line health care workers and first responders to whom we already owe a tremendous debt
The Wealth Life Cycle – What If? Part II
Last week we covered the Wealth Life Cycle concept which highlights the continuum that all business owners occupy, from founding to exit and beyond. In this week’s installment we are going to
The Wealth Life Cycle Overview – Part I
At Podium Prosperity group we are all about business but in particular we are passionate about small business. All businesses and their owners tend to progress along a continuum. Not

Lifetime Capital Gains Exemption
The Canadian Federation of Independent Business (CFIB) is urging the federal government to put an end to excluding family members from the lifetime capital gains exemption when business owners sell

Succeeding at Succession
In a 2018 article discussing succession planning (albeit at a high level) CPA magazine discusses some of the obvious as well as less obvious aspects of this inevitable part of
HOT HOUSING PRICES
Article in the Globe and Mail on Monday (December 9, 2019) where Rob Carrick attempts to reconcile the country�s fundamental consumer economics to the continued climb of the major Canadian housing
ECONOMIC PRINCIPLES
Way back in 1983, I was attending the University of Ottawa for the first year of my business degree. Introductory Economics courses, divided broadly between ‘Micro’ (personal money) and ‘Macro’
THE ‘NEW’ CANADA PENSION PLAN
DO YOU TAKE A SALARY FROM YOUR COMPANY? The Canada Pension Plan, or CPP, was originally created as a supplemental source of retirement income for those over the age of
INDIVIDUAL PENSION PLANS: WHAT IS THE DIFFERENCE?
A Personal Pension Plan (‘PPP’) is a registered pension plan with an Individual Pension Plan (‘IPP’) backbone and an integrated Defined Contribution (‘DC’) account. A traditional IPP is a defined

CREATING A LEGACY
YOUR LIFE’S WORK CAN HAVE MULTI-GENERATIONAL IMPACT My grandmother was a wonderful woman. She had 8 children and lived to be an amazing 98 years old. She was a talented
DEFER RETIREMENT INCOME
There are two main challenges in retirement planning: the first is achieving the necessary risk sensitive return on retirement assets; the second is establishing a retirement income that doesn�t overshoot
A PERSONAL PENSION PLAN IS RIGHT FOR YOU IF:
Your business is incorporated. You are at least 40 years of age. You take a salary from your company every year. Your company has predictable and positive cash flow. You