Labrecque Business Consulting wishes you and your families a Very Happy New Year! Cheers … [Read more...]
Christmas message 2018
Labrecque Business Consulting wishes you and your families a healthy and happy Holiday Season Cheers! … [Read more...]
The Power of Positive Thinking
Here is some food for thought for all of us! If you fail, never give up because F.A.I.L means: "First Attempt in Learning" End is not the end. In fact E.N.D. means: "Effort Never Dies" If you get NO as an answer, remember N.O. means: "Next Opportunity" Make … [Read more...]
So you are thinking about going into business????? You first need a PLAN!
Below is an excellent illustration on the ups and down's of a business plan. (You could also use this illustration for life in general.) For our purposes here, we will look at it from a business point of view. If you are going into business or you are already in business, a detailed business plan … [Read more...]
Financing your business!
Things you need to consider in financing your business: Know the experience of the lender you intent to do business with. Network with other business owners so you know whom to approach and if they have the right experience. Be well prepared (That is where we come in and can help). This … [Read more...]
Experience matters
Here are some examples of the various businesses/industries where assistance was provided in arranging financing over the many years spent in the banking industry. Hotels/Motels Golf Clubs Moving companies Clothing stores Office Supply companies Tourism Professionals i.e. … [Read more...]
An example of the potential benefits of restructuring your financing
We have been asked on several occasions to give an example of different thinking around helping companies with their financing needs either new money or a refinance of existing debt. In this example we have highlighted the benefits, of a refinance. All situations are different, and this example … [Read more...]
FAILURE should be seen as a learning experience and nothing more
Here are some very well known quotes on failure: “Success is not final, failure is not fatal: it is the courage to continue that counts.” - Winston Churchill “Success is stumbling from failure to failure with no loss of enthusiasm.” - Winston Churchill “The only real mistake is the one from … [Read more...]
Rates are rising!
The Bank of Canada recently increase it’s overnight rate to 1.75% the highest it has been since December of 2008. The big 5 banks responded and raised their prime lending rates from 3.70% to 3.95%. What does this mean? We will leave that to the experts to comment on. We want however to draw … [Read more...]
Numbers matter. Here are 11 examples of the most Commonly Used Financial Ratios
Below is an example of 11 of the most commonly used ratios by financial institutions as they assess the credit worthiness of potential commercial clients. Please provide us with your feedback on the helpfulness of this information. If you have any suggestions on other topics that you might want … [Read more...]
