Could Hiring a Consultant Spur Growth & Lower Stress for Your Business?
Business Strategy

Could Hiring a Consultant Spur Growth & Lower Stress for Your Business?

The demands on business owners, especially those of small or early-stage firms, can be intense. Such owners may find themselves having to play the roles of VP Finance, Head of HR, Director of Sales, and IT Specialist, all at once. With so many hats to wear, business owners can quickly run out of capacity to…

Canadian Government Funding: Frequently Asked Questions
Government Funding

Canadian Government Funding: Frequently Asked Questions

There are over 200 unique funding programs available to Canadian businesses. Mentor Works has been supporting Canadian businesses in accessing and securing funding for growth for over 10 years and has, to-date, secured more than $1B in total funding for our clients. Our experience and expertise has helped our clients grow, create new jobs, and…

Project Management Strategies for Non-Project Managers
Business Strategy

Project Management Strategies for Non-Project Managers

Project Management is a critical function in many businesses. Even in companies that aren’t projectized, it’s probable that you’ll deal with many projects throughout the year. In an ideal situation, you’ll have access to a full Project Management Office (PMO), dedicated resources, and all the tools needed to successfully deliver on a project. Realistically, it’s…

Canadian Business Merger and Acquisition (M&A) Strategies
Business Strategy

Canadian Business Merger and Acquisition (M&A) Strategies

Mergers and acquisitions (M&A) are increasingly common in today’s business landscape. According to the Institute for Mergers, Acquisitions, and Alliances (IMAA), M&A activity continues to rise, with over $3.8 trillion USD in deals completed in 2018 – and with nearly $1.8 trillion USD completed in 2019 so far, it doesn’t look like it’s going to…

Develop Your Risk Management Strategy: Trade Credit Insurance FAQs
Business Strategy

Develop Your Risk Management Strategy: Trade Credit Insurance FAQs

In today’s business climate, organizations are expected to extend credit to their customers, as it enhances purchasing power and creates opportunities that may not have been available otherwise. However, offering credit is a balancing act for most businesses, as just one late payment or customer insolvency can put stress on an organization’s cash flow and…

How to Update a Strategic Plan and Perform Course Correction
Business Strategy

How to Update a Strategic Plan and Perform Course Correction

How do you implement your company’s strategic plan? When was the last time you did a pulse check to see where strategic deliverables stand? How closely aligned are employees with the broader mandate of your company? Business leaders should ask themselves these questions regularly, but many are so caught up in the ongoing demands of…

Project Failure Risk: Mitigation and Control Strategies
Business Strategy

Project Failure Risk: Mitigation and Control Strategies

Projects fail. They fail all the time. We accept their failures and we accept the failure rate as part of business. Per the Standish Group’s CHAOS report, only about 30% of projects 2011-2015 were completed on time and on budget, over 50% were  outright cancelled. What does this mean? An overwhelming majority of projects do…

[WEBINAR] May 16: Diversifying into New Sectors and Markets
Business Strategy

[WEBINAR] May 16: Diversifying into New Sectors and Markets

Canadian businesses are fortunate when it comes to exporting and trade diversification, since the federal and provincial governments support a wide range of strategic projects focused on building export capacity and reaching/expanding international markets. Over the next five years, the Government of Canada has committed $1.1 billion to help Canadian companies access new international markets….