In the run up to next week's federal election who is really listening to the startups that make our economy healthy? While we like to think of ourselves as having a market economy it is virtually impossible to do a startup in Ontario without running into the distortion of a government funded gatekeeper.
Almost all innovation policy and spending by the Ontario and Federal Governments are focused on subsiding private sector risk. These kinds of government programs create artificial gatekeepers, arbiters empowered to make capital allocation decisions despite never having "been there and done that" -- or often being less qualified to evaluate a new billion-dollar-plus opportunity than the startup founders they are judging.
What was the biggest risk you've taken with your professional life? Caitlyn Jenner took a risk that could have cost her the money that comes with being a public figure. She had no idea if the public would accept her, if she would be a "celebrity" or not. The risk was worth it for her, even if the risk sent her into obscurity.
In the area of technology, are boards fulfilling their duty of care in overseeing management and protecting shareholders' investment? Indicators are that many boards and directors may not be. Plaintiffs' lawyers are suing companies and their boards over technology failure. Here are some recent statistics and trends.
Face-saving entrepreneurs will call this a "pivot," which basically means, "I was doing this one thing, and now I realize I should be doing this other thing instead." You might feel like a fool for not getting it right the first time around, but I challenge you to find any entrepreneur who got everything right from the get-go.
No one likes permanent loss of capital and no one seeks to have a drop in the value of his or her assets. What we need to understand is if you can sleep at night when your monthly statement value has dropped by some amount. More importantly, will it impact your ability to enjoy your life and meet your personal financial obligations, if this were to occur?
Optimism resides in Nigeria, despite the potential horrors of Ebola's global spread. Why so? As of September 23, the Centers for Disease Control has 21 confirmed cases with eight deaths in Nigeria from Ebola. That number is low. This is, in part, because childhood education is essential to the rising Nigerian economy.
Every time you sit down with an investment professional, you are asked what your risk tolerance is. Regardless of the method for defining the risk you'll accept in your investment portfolio, you are wise to define the meaning at the outset with the person administering your money. It will save you a lot of sleepless nights.
If you're an average Canadian, you probably own a principal residence and have a few dollars invested or saved somewhere. If you have money invested in stocks, bonds or real estate, you may be concerned about losing your money. This is a reasonable thought; although, depending on what you're invested in, your concern (read: worry) is probably a waste of time.
When it comes to the climb of pop stardom, Miley Cyrus has proven she can't be tamed. Earlier this month, the singer posted a photo showing a new tattoo in a rather unlikely place: her lower lip. Unlike the other maneuvers, which may have social consequences, this one could lead to medical problems.
For my son's birthday, a parent wasn't comfortable with my husband and I driving her child from a gymnastics centre to our house. Fair enough. But what of the consequences of such vigilance towards our fellow parents? To what extent do these kinds of parent-against-parent preemptive risk aversion strategies threaten the fabric of mother-to-mother relations?
If painting the baby's nursery is a part of your pre-natal plans, use latex (water-based) products in a well-ventilated area. Avoid oil-based paints, paint thinners, varnish removers and substances such as lacquer. Many solvents give off volatile compounds that can put you at greater risk of pre-eclampsia (high blood pressure in pregnancy).
Ultimate freedom, waking up late, working in your pj's and taking a spontaneous day off. It sounds like the dream job, doesn't it? Well, if running your own business is that glorious, why doesn't everyone do it? The fact is, being an entrepreneur is probably the hardest thing you will ever do. It will consume your thoughts, your relationships, your sleep and your life. You may never have a "day off" again. Still interested?
In Canada, we like to play it safe and for the most part, it's paid off. Tight regulations and the centralization of banking powers helped us weather the economic storm of 2008. But we're a different Canada now. Canada's potential is remarkable, we need to believe in that potential and invest in its development before looking elsewhere for inspiration. It's all right here.
I am currently advising a board whose company is a target for a terrorist attack. Many other companies in transportation, utilities, defense, property development and financial services could take a page from below. Here are six areas for boards to focus on to prepare for a possible terrorist attack.