BUSINESS MANAGEMENT
Shareholders are paid a salary and/or dividends. They may also receive taxable benefits, reported on their T4s. Operational activities are measured, quantified, and reported on a daily and/or weekly basis. Monthly and annual financial reporting (profit and loss statement, balance sheet, cash flow, budgeting) are timely and accurate. Internally prepared financial information is reviewed annually by an outside accounting firm to ensure systems are in good order. Rules pertaining to the allocation of revenues and expenses are fairly and equitably applied. Spending limits and decision making authorities for management and staff are clearly defined in writing. Leadership, operational, human resources, and financial decision-making are based on accurate financials, fact-based information, and cash flow forecasts. |
PERSONAL & FAMILY RELATIONS
Personal property and assets are vested in title with the individual (not the business). If personal property or assets are used by the business, said assets are measured, quantified, and reported by the business. Not applicable Not applicable Not applicable Not applicable Family members with voting and nonvoting shares in the business, and those holding operational accountabilities within the business, influence business decision-making as appropriate to their position and share status. |
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The Possibility process: a proven method to achieve breakthrough business resultsDescribed as “having the capacity to transform not only businesses but the way we live our lives” by DCE client, Maggie Reigh, The Possibility Process is a groundbreaking guide to systems-thinking in the workplace. Developed with over thirty years of facilitation experience by Tana Plewes, MA, The Possibility Process is changing how business leaders solve problems, boost revenue, and ignite growth.
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