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Understanding a Bank's Hold Policy
This post is the second in the banking series. A financial institution’s policy of holding funds is often a source of customer complaints because the rules and reasons are often poorly understood. New accounts of all kinds are usually subject to the institution’s hold funds policy unless you are a well established client. The bank…
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From Chaos to Clarity – A Theory of Constraints True Story
This week I want to share a report on how we used the Theory of Constraints (TOC) to help a client rapidly turn around their operation. The details of the business have been changed to protect their privacy, but the rest of the story is true and has some great lessons for every business. The…
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Are Business Plans Useful?
So what’s the deal with business plans? Do they serve a real purpose or is it simply a document people need to fulfill loan requirements. The reason I’m asking is that it’s a question that’s often asked or implied when the topic of business plans comes up. Is a business plan really useful? Well, for…
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An Introduction to Bank Accounts
Bank products and policies are generally poorly understood. Bank employees have a heavy workload and they often don’t take the time to fully explain things. Business people are afraid to ask questions because it will reveal what they don’t know. This leads to frustration for everyone. This series on banking will help to alleviate this…
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SEIMA 2010 Business Expo and Linkages 2010
This week I attended the SEIMA Business Expo and Linkages in Saskatoon. SEIMA is an industry association for Saskatchewan environmental professionals, and runs events like these to support Saskatchewan environmental businesses. The presenters offered a wide variety of topics covering all parts of the environment. There was a mix of technical presentations, partnership pitches, financial…
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Inaugural Post
Welcome to Abonar’s blog. We wanted a better way to connect with the business people and budding entrepreneurs out there so we decided to create this blog. The content will be aimed at that audience but we imagine it will continue to evolve as the blog finds its voice. We encourage your comments below and…