Patrick Hone

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When do you end a product or service?

Is your product or service at the end of its life? New products enter the market, and old products leave the market every year. Business owners face the difficult choice of knowing when to put...

The Life (and Death) Cycle of Small Business

Start-up, growth, plateau, (and often decline) Entrepreneurs are often experts in their field. An entrepreneur has an idea or sees an opportunity and starts a business. If their plan is successful, their business grows and...

Perfection vs. Excellence

How good is good enough? Over my career, I've dealt with many perfectionists, business owners or managers that demanded that each employee perform every task to perfection. This unrealistic drive for perfection created problems for...

Why you should take your time hiring new employees

Don’t make the mistake of hiring fast and firing slow. There are numerous articles about the advantages of “hiring slow and firing fast,” but many companies do the exact opposite.  During my career, I’ve seen...

Stress and the Boiled Frog

How stress affects you and your business Stress is a significant issue in any business. One of the problems with stress is that it often increases over time without you noticing it. Stress is like...

Use the right legal entity for your business

Use the right legal entity for your business. In Canada, you have three basic types of business entities: sole proprietor, partnership and incorporation. Each has advantages and disadvantages; Sole Proprietor: A sole proprietor is the easiest and...

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Your business and COVID-19

Are you concerned that your business won’t make it through the pandemic? Like many other small business owners, COVID-19 has thrown a wrench in my...

From emergency to abundance and back to emergency 

The life cycle of business. Having a profitable company is the end goal of many entrepreneurs. People start their company as an idea, and if...

No purchase order, no work? 

Should you do that change, your client wants you to do? Anyone who has worked in construction or for a service company can tell you...

The value of professional help

When you need to seek professional advice I’ve seen many business owners and managers struggle with a problem that could be quickly fixed by speaking...

Understanding the legal requirements for your business

Make sure you understand the legal requirement for your business. Depending on where you operate your business and what industry you are in, there are...

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