Atlantic Canada’s Small Business Blog - IQI Strategic Management Inc.

Latest from Atlantic Canada's Small Business Blog

Peak Oil?

Given the price of crude today, I wonder what the peak oil theorists will say today. They say that the demand is weak. Hence the low price of oil. People have not stopped traveling. They have not stopped driving cars. Airlines are still flying. So how did the demand taper off? I think the [...]

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The project management story - Strategy

The decision to undertake a project must be taken only after: 1. You are clear about the project objectives; the objectives must further the strategic objectives of the business. 2. You develop a business case for undertaking the project; i.e. the benefits must outweigh the costs 3. You are clear on the project deliverables, and 4. You have stakeholder buy-in

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Featured Content

Secrets revealed: Rank high in SERPs using SEO

It's easy to get listed quickly and with a high ranking in Google if you have the money. But how the heck do I get my site to rank high using generic search? ah, the wonders of Search Engine Optimization (SEO) in getting you a high page rank in Search Engine Results Page (SERP). It does wonders to your traffic, eh! But, how the heck does one get there? Ideally the goal ought to be within the top 10 but we can settle for the top 20 now, can't we?

Small business risk management strategy

Risk management is the process of identifying potential negative outcomes and managing them while realizing potential opportunities. Risks are inherent in everything we do - from crossing the road to running a business. Some risks we can control while others we cannot. The mere mention of risk evokes different feelings depending on our disposition towards risk. Some of us are risk accepters while others are risk averse while still others are risk neutral. Before we even begin our discussion on a risk management strategy, let's be clear on what the term means.

Exporting - Planning the growth

So you have made up your mind to export. However, before you commit your resources to this project, you must first evaluate if your organization is ready to export.

Tips on targeting the small businesses market

An entrepreneur posed a question to me, "Do you have any tips on targeting the small business market?" Indeed, how do you sell to small businesses? There is precious little public information on small businesses. Who are they? What are their needs? How do you identify them? Assuming you yourself are a small business or entrepreneur, here are some tips on how to market to small businesses

Issues in strategy implementation

In this multi-part series, I will explore strategy implementation and the hurdles entrepreneurs or CEOs face in this process. This is not going to be checklist of things to do in strategy execution. There is no such thing. Strategy execution is like a multi-horse chariot - if all the horses do not pull in one direction, you are not going anywhere. Your job as an entrepreneur or a CEO is to ensure all stakeholders are pulling your organization in the same direction.

Think about it

It is important to do things right; but it is all the more important to do the right things. You do not want to start traveling in a direction only to find out after a few hundred miles that you were traveling in the wrong direction to begin with. Bring out your maps and plan before you start your journey, identify a few destinations you would like to visit and then begin your journey. The same holds true for your business. The process of identifying your destination is called strategy. #

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