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Limitation of Interest on Residential Property and a ‘New Build’ Definition
You may remember the bomb that the government dropped on us back in March: Interest expenses you may deduct from residential rental property will now be limited and the period for the bright-line rule is extended. They’ve taken a few months to suss out the details,...
How to Build an Effective Management System
After a tough year, it’s often challenging to keep the spirits up and keep your employees motivated and productive. We see this trend every year, and usually it passes – once the team is back from their summer break, their spirits are high and they’re eager to work...
Why You Need to Work On Your Business – Not In It
Are you micro-managing every piece of your business? If so, you probably can’t see the forest for the trees – the bigger picture, instead of all the small details. As the business owner or CEO, your job is to look ahead, imagine what your business can become, work out...
The Art of Asking the Right Questions
Your team is only as strong as the questions you ask If you’ve ever been in charge of training people, you may have had moments where you get frustrated with the pace people are learning at, or that you often have to repeat yourself. Maybe these thoughts sound...
Why You Don’t Need a 101-Point Plan of Action
When Sir William Wallace got onto his horse and gathered an army of everyday Scotts willing to bet everything – including their lives – on the vision he had, he did not waste time with a 101-point-plan-of-action. He inspired them with a simple message that caught fire...
Life Goal #3: Building a Legacy.
We’re taking you back to school with a fun little multiple choice question: What is most important to you? Keeping abreast with fads and trends Building something of lasting value and impact For us, we’d choose to create a legacy every time. And we suspect you do...
The Unexpected New Burden on Landlords
On 23 March 2021, the government threw us a curveball no one saw coming. They proposed some major tax changes which they believe would fix the housing market and slow down house price increases. However, these changes will have a major impact on landlords. The...
Your Impact Manifesto and the Role of Your Business in the World
What do you remember most from your grandparents? Maybe it’s the life lessons they taught you, the tears they wiped after your cousin said something nasty to you, or when they encouraged you to get back up again after you fell. Maybe they taught you to have fun and...
Does Your Business Support Your Lifestyle Vision?
When you started your business, how much time did you spend on creating your vision? A month? A day? Or were you just winging it? And, if you purposefully developed your vision, did that vision only include what you want for your business or did you actually think...
Rockstars vs. Superstars: Get the Right Bums in the Right Seats
We’ve learned a few things this past year: No matter how well thought out your plans are, you can never account for everything life throws at you – who would have thought at the start of 2020 that the world would be turned upside-down by covid-craziness? We’re more...
The Dance for Trust
Imagine this. You’re on your first date with someone you’ve just met. You like what you see – they’re easy on the eye, the conversations are interesting, and you find that you have a lot in common (as much as you can figure out in a few hours). All in all, it’s an...
A Case for a Family-Based Approach to Your Team
Some of the most successful small and medium-sized businesses treat their team members like valued family members. While many business gurus would argue that this may be bad for business, there’s something to be said for a family-based approach. Benefits of a...
The One Thing That Drives Your Business Forward
Every minute you spend in your business must be an investment. How many times have you been super-busy, but at the end of the day you’re wondering what you have done with your time; what you really achieved that day? That means your time was not an investment. And...
What Does Success Look Like for You?
‘Success’ is such a fuzzy word. Does it mean buckets full of money, fancy titles, public recognition? For most people, their definition of success is quite different. When it comes to business, we’ve found that for most people, the typical “growing your...