• Canada EU CETA It was 4 years in the making, and the timing of the signing of the Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA) in the light of the protectionist approach being promoted by the new Donald Trump administration should not be overlooked.  The timing for business expansion into new markets may be just right for you. Yes, the USA is Canada’s [...]

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    An article in the September 2016 edition of Building magazine titled Bases Covered, Why a Due Diligence Review is essential in a business acquisition, discussed both why a due diligence review is essential for the acquirer and also the significant benefits to the seller of preparing for a review. In the article James Phillipson, Founding Principal of Mastermind Solutions Inc. was quoted “I [...]

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    In an article in the September 2016 edition of The Canadian Business Journal, the writer of an article on "Due Diligence, Preparing for a review", cited James Phillipson, Founding Principal of Mastermind Solutions Inc. as a subject expert. James said “In the ongoing day-to-day running of a business, many potential obstacles may have been accepted by the current owners and are not top-of-mind, [...]

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    During tough economic times, businesses need to look to all available opportunities (including government funding) in order for them to maximize their business growth. So why not leverage some of the taxes you pay by finding out whether there are Government Grants and Government Secured Loans available to fund your growth initiatives? Government grants and secured loans can fund business growth[...]

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    In the last issue of the Mastermind newsletter, we shared four tips for improving the budgeting process.  Those were just the tip of the iceberg!  Here are four additional ideas on how to make your budgeting cycle work for you – all year long! #5 Test Scenarios and Simulations In many cases, when budgets are being developed by teams it is an exercise of entering what is “expected to [...]

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    Budgeting is likely not high on your list of favourite things to do – or anyone else’s, for that matter. Nonetheless, budget time comes around each year like clockwork. Business units complain about the amount of time the process will take and managers grumble over conflicting goals. Meanwhile, it’s up to you to ensure that the budgets are submitted and approved on time. All you can hope [...]

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    Do you believe that you can increase your value to your company and your executive team by upgrading your CFO skills?  Then have a read of the following article. It can be used by those of you who are keen to elevate your game to be a CFO as a guide to reflect on areas that you would like to focus on to upgrade your skills. It can also provide you with some info, at a summary level, on talking [...]

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    Mastermind Solutions, a Toronto based management consulting organization that focuses on business growth through strategy, marketing, finance and organizational design and Corporate Renaissance Group (CRGroup), a leading provider of business software and performance management solutions, today announced a strategic alliance to bring a full suite of complementary services to the mid-market business[...]

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    Just Imagine. Business growth starts with your imagination Imagine elevating your business to a level that was previously unimaginable. Yes, it is possible, and don't let anyone convince you otherwise. As you confront the advent of the new year there are a number of important things you should do to improve the odds of an improved outcome next year.  Start by: Developing a budget for the [...]

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    The concept of a part-time executive is becoming much more common. As a business growth strategy many mid-sized businesses realize that they function successfully with the resource of a part-time executive, without the need to engage a full-time employee in every role. Depending on the need, part-time executives can be engaged for short-term assignments or on a permanent basis, much like an [...]

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