About Michael Foley

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So far Michael Foley has created 96 blog entries.

Buy the Business, Keep the Employees

So, you’ve come to agreement with a business owner to buy their business, and to help them into retirement. You, the ambitious entrepreneur, bring new energy and ideas to the opportunity. You’re going to take the business forward in a [...]

By |2017-06-29T20:14:37+00:00June 29th, 2017|IN THE NEWS|Comments Off on Buy the Business, Keep the Employees

According to Who?

For an unprecedented number of business owners it’s time to consider succession planning, Retirement tidal wave to hit Canadian businesses. It takes time and involves a lot of change. Some do, some don’t and some won’t, The pros and cons of working [...]

By |2017-06-29T20:13:55+00:00June 29th, 2017|IN THE NEWS|Comments Off on According to Who?

In Control

Priceless advice, “… it's crazy to obsess about things over which I have no control”. Success Means Learning to Let Go, developing staff adds value to the eventual sale of your business. This is like ‘Dragons’ Den’ for engineers and undergrads, Many [...]

By |2017-06-29T19:09:07+00:00June 29th, 2017|IN THE NEWS|Comments Off on In Control

You’re Just As Normal As You Think

Do you have a weird idea? It may not be so unconventional.  Money can be made wherever there’s a need. Can you add onto your existing product or service in any way? At the end of the day, there's an [...]

By |2017-06-29T19:07:33+00:00June 29th, 2017|IN THE NEWS|Comments Off on You’re Just As Normal As You Think

You Don’t Say?

Say Hello to Everyone, from the Globe and Mail is a challenge that addresses a peculiar phenomenon that seems to be taking hold of a lot of people.  You don’t say “hi” or make eye contact with people anymore, unless [...]

By |2017-06-26T20:20:40+00:00June 26th, 2017|IN THE NEWS|Comments Off on You Don’t Say?

2015’s Worst Passwords List

Earlier today, Splash Data (a California-based data management company), released its always-entertaining “Worst Passwords” list. And to clarify, by “worst” they mean the ones that are most common, and most easily hacked. The vast majority of these passwords are in [...]

By |2017-06-27T17:36:38+00:00June 26th, 2017|IN THE NEWS|Comments Off on 2015’s Worst Passwords List

Pros and Cons of a Home Office

Posted on Apr 20, 2017 Pros Cons Convenience for you Time flexibility Lower start-up costs You can write off a portion of your home operating expenses Cost savings on child care You can be more casual No commute You determine [...]

By |2017-07-24T13:00:32+00:00April 20th, 2017|ARTICLES, FINANCE & LEGAL, RESOURCES|Comments Off on Pros and Cons of a Home Office

Taking Advantage of Cash Discounts

Posted on Mar 16, 2017 When a supplier agrees to extend credit to your business, one of the things you’ll need to negotiate are credit terms. These terms spell out how long you have to pay. We outlined some of [...]

By |2017-07-24T12:59:37+00:00March 16th, 2017|ARTICLES, FINANCE & LEGAL, RESOURCES|Comments Off on Taking Advantage of Cash Discounts

Business Structures

Posted on Mar 09, 2017 Business Structures When a person decides they want to open their own business, they need to determine what type of structure it’s going to take. Will it be an unincorporated business or an incorporated company? Not too difficult!  [...]

By |2017-07-24T12:58:51+00:00March 9th, 2017|ARTICLES, FINANCE & LEGAL, RESOURCES|Comments Off on Business Structures

Request for Payout of Credit Balance

<Date here> <Vendor Name here> <Vendor Address here> <Vendor City, Province here> <Vendor Postal Code here> Re:  Account Number - <Enter your account number/code here> To Whom It May Concern: Our bill/statement dated <enter date here> is currently showing a [...]

By |2017-07-21T18:36:55+00:00March 2nd, 2017|RESOURCES, TEMPLATES|Comments Off on Request for Payout of Credit Balance

Slide I don’t skate where the puck is…I skate to where it’s going to be.
- Wayne Gretzky
Slide Work harder on yourself than you do on your job.
- Jim Rohn
You are your greatest asset. Put your time, effort and money
into training, grooming, and encouraging your greatest asset.
- Tom Hopkins
Slide By changing nothing, nothing changes. - Tony Robbins Slide
The key is not to prioritize what’s on your schedule,
but to schedule your priorities.
- Stephen Covey
A man should never neglect his family for business.
- Walt Disney
The first rule of any technology used in a business is that
automation applied to an efficient operation will magnify the efficiency.
The second is that automation applied to an inefficient
operation will magnify the inefficiency.
- Bill Gates
Slide Don't find fault, find a remedy. - Henry Ford Slide It’s not done until it ships. - Steve Jobs Slide Every client you keep, is one less that you need to find. - Nigel Sanders Slide Avoid problems, and you’ll never be the one who overcame them. - Richard Bach Slide If you're going through hell, keep going. - Winston Churchill Slide If you don’t design your own life plan, chances are
you’ll fall into someone else’s plan. And guess what
they have planned for you? Not much.
- Jim Rohn
Slide The question isn’t who is going to let me;
it’s who is going to stop me.
- Ayn Rand
Give yourself something to work toward, constantly.
- Mary Kay Ash
Slide Although your customers won’t love you
if you give bad service, your competitors will.
- Kate Zabriskie
Slide If you want to make a permanent change,
stop focusing on the size of your problems and start
focusing on the size of you!
- T. Harv Eker
Slide Merely satisfying customers will not be enough to earn
their loyalty. Instead, they must experience exceptional service
worthy of their repeat business and referral. Understand the factors
that drive this customer revolution.
- Rick Tate
A shady business never yields a sunny life.
- B. C. Forbes
It's kind of fun to do the impossible.
- Walt Disney
Slide There is only one boss. The customer. And he can fire everybody in
the company from the chairman on down, simply by spending
his money somewhere else.
- Sam Walton
We didn't lose the game; we just ran out of time.
- Vince Lombardi
Slide Positive thinking will let you do everything
better than negative thinking will.
- Zig Ziglar
Don't watch the clock; do what it does. Keep going.
- Sam Levenson
Slide Be nice to people on your way up because you meet
them on your way down.
- Jimmy Durante
Sometimes you're the windshield; sometimes you're the bug.
- Mark Knopfler
Slide Quality in a service or product is not what
you put into it. It is what the client or
customer gets out of it.
- Peter Drucker
Slide Do not argue with an idiot. He will drag you down
to his level and beat you with experience.
- Greg King
Slide Knowledge is knowing a tomato is a fruit; wisdom is not
putting it in a fruit salad.
- Miles Kington
Slide If a man does his best, what else is there? - George S. Patton