Sunk-Cost Fallacy and How it Could be Setting You Up for Financial Ruin
Even if you’ve never heard of it, there is a very good chance that you’ve fallen victim to sunk-cost fallacy at least once in your
Even if you’ve never heard of it, there is a very good chance that you’ve fallen victim to sunk-cost fallacy at least once in your
As the pandemic took a toll on the job market, many entrepreneurs found new ways to make money. The dream of turning a hobby or
A scandal is bad for businesses of any size, but for small businesses or startups it can be devastating. Silicon Valley firms like Apple, Facebook,
Bailey Parnell is the founder and CEO of Skillscamp, a TEDx speaker and one of Canada’s “Most Powerful Women.” After growing more concerned about the
There are many areas of life today where having someone to aspire to or seek advice from is both necessary and important. Particularly in business,
A good code of conduct is an important part of a company’s structure. It outlines how employees, managers, supervisors, and those in top positions should
Tax season has started, and most businesses are preparing to file their 2023 tax returns. However, due to a lack of experience, knowledge, and efficient
Company culture means more than free snacks, good vacation days, and Christmas parties. It is all about how you interact with your employees and how
A start-up ecosystem denotes the network of research and service organizations, incubators and accelerators, advisors and mentors, entrepreneurs, various stage start-ups, funding providers, ideas, and
If you’ve succeeded in getting your company out of debt, do you think you could do the same for an entire country? If you turned
History is cyclical. Many of us think of COVID-19 as a big one-off, but in reality, those who work in emergency management saw it coming.
Dr. Hasan Akram is the CEO of Matrickz GmbH, an automotive software company specializing in safety solutions, and is the mind behind Brainvincible GmbH, an
Political policies can impact businesses in several ways. When regional laws and regulations change abruptly, this can impact the growth and expansion of your business.
The relationship between culture and economics is a complex and fascinating one. “Culture” refers to the shared patterns of beliefs, values, behaviors, customs, traditions, language,
What do businesses like Meta, Dell Computers, Apple, eBay, and Microsoft have in common? They all started out with humble beginnings as bootstrap enterprises. When
Effective leadership extends beyond strategy and vision, and leaders now face the complex challenge of navigating a global landscape characterized by a rich tapestry of
An “Only” is a person who is the only representative of a certain minority group in a workplace. This could refer to anyone who is
Expanding your company’s outreach has a great number of advantages. It can increase your business’ competitiveness, it broadens your consumer base, and ultimately will increase
Starting a business in the hospitality industry is not an easy feat, particularly because of the challenges confronting the industry after COVID. Nevertheless, Sky McLean
Under great leadership, a company can grow, thrive, and expand. And although a mediocre leader probably won’t do much to help with expansion or company
If your company has recently found some success, then you’ll want to follow some of these steps in order to keep that momentum going strong.
Meghan McPeak’s passion for basketball and broadcasting started at a young age. It continued during her time at Humber College in Canada, where she studied
Millions of people have heard Chris Gardner’s inspirational talks. They come to hear lessons from the lives he’s lived as an entrepreneur, stockbroker, and single
Starting an e-commerce business is no small task; there are many demands that need to be met, both temporal and financial, as well as several
Isadore Sharp is founder (and current chairman) of the Four Seasons Hotels chain, now located in 33 countries, with 99 hotels – and another 70
Growth hacking is the different methods companies use to grow their business. It’s usually used by companies without much startup capital or resources to grow
Meet Emma Todd (aka, the Crypto-Queen)–CEO of MMH Technology Group. MMH deals with data systems, consulting, communications, and events for technology groups. Emma is a
Consultants sometimes have a bad reputation with management experts, and often face criticism regarding the cost of a few weeks of work (sometimes in the
There are few business ventures as exciting and rewarding as franchising. If done correctly, it is a proven way to grow your business, expand into
In our globalized marketplace, and ever-increasing multicultural population, it’s imperative to be aware of how different people from different cultures interact, in order to avoid
In finance, diversification is the process of investing and distributing your company’s finances in ways that will maximize their return and increase their efficiency. In
Shannon Katschilo is a recognized name in the tech and innovation sector as a pioneer and champion for customer and employee engagement as a drive
With countless brands vying for consumers’ attention, understanding the essentials of effective advertising can be the difference between obscurity and prominence. Creating messages that resonate
Wellness technologies encompass various tools and applications designed to promote health, monitor well-being, and enhance our overall quality of life, reshaping how we approach and
With the pandemic moving into the rear-view mirror, and businesses reflecting on the skills and experience they have gained in the last 24 months, it’s
Countries with a robust, fast-growing economy can provide powerful lessons to other developing lands. Many of the world’s developing lands do not have sufficient revenue
Poor leadership can come in many forms. Sometimes someone in power enacts a law that negatively affects the general public, and then subsequent governments have
Consumer savings can stimulate economic growth through a number of channels. The primary reason is that disposable income leads to more spending, which naturally leads
The non-parity between Canadian business women and men when it comes to the nation’s boardrooms remains a topic of focus. The statistics speak for themselves:
In statements on successive days, Canada’s Prime Minister, Justin Trudeau, as well as Deputy Prime Minister and Minister of Finance, Chrystia Freeland, expressed their concerns
Mary Robinson is a prominent Canadian agricultural industry figure and a managing partner of Eric C. Robinson Inc. and Island Lime. She is involved in
Artificial intelligence (AI) is revolutionizing the way we work and live. AI aims to replicate and bypass human intelligence by making machines perform tasks performed
The reality of entrepreneurship is that once you’ve founded your company, someone is going to have to manage it. You could hire a CEO, but
There’s a lot of talk about the importance of marketing automation these days. But how much of that is hype, and how much is real?
Paula Morand is an award-winning keynote speaker, author, and visionary. An entrepreneur herself, Paula has brought her wisdom, wit, and energy to bear in her
Agriculture is an industry that feels like it hasn’t experienced much change over the decades. It’s as if farmers are impervious to time, simply going
Many of us understand the plight women have faced throughout history. While those in most countries and cultures today have the right to vote, drive,
In today’s competitive business landscape, building a solid company culture is fundamental for attracting and retaining top talent, fostering employee engagement, and driving overall success.
Roya Rahmani’s story is one of inspiration – from growing up in war-torn Afghanistan, to making strides in her many diplomatic roles. She’s been an
Brittany Charlton founded Ohh! Foods with the mission of creating delicious nutrient-dense snacks that are free from the common allergens. Charlton has grown the business
The path to successful entrepreneurship is filled with adventures and challenges. As a small business owner, you will need to consider several tools to grow
For entrepreneur, author, Co-Founder & CEO of Business Brothers, Purdeep Sangha, coaching and consulting businessmen was a natural choice. From a very young age, seeing
When it comes to entrepreneurship in Canada, women are the main drivers. However, data from the Business Development Bank of Canada (BDC) revealed that small
Birgir Jónsson, the CEO of Play Airlines, brings extensive international management and operations expertise to his role. With a remarkable track record, he has held
Entrepreneurs are always looking for ways to expand their business. Taking your business to the next level means exploring new ways to improve your business.
The climate crisis remains an urgent priority to Canadians. After all, it is an existential threat to the well-being of every Canadian. This summer, Canada
Jeet Banerjee was not even 30 when he started—and sold—two successful companies. Born and raised in California, Banerjee created his first website when he was
The COVID-19 pandemic rattled the foundations of society—and to cope, many touted the phrase, “We’re all in this together.” The pandemic was considered some non-discriminatory
Canadians face a lot of barriers to becoming homeowners or buying commercial property. There are high interest rates, bidding wars, and low inventory, to name
The current rate of inflation has mainly been driven by pent-up demand after COVID-19, which has overwhelmed supply and been made worse by unpredictable supply
Not everyone can be a master at digital marketing. But understanding it and recognizing mistakes can go a long way when running your business. Get
Companies may lay off employees for various reasons, such as budget cuts, restructuring, mergers and acquisitions, changes in business strategy, and economic downturns. However, as
Times have changed, and people have evolved from a “work hard” mentality to a “work smart” mindset. Time is money, and efficiency is key. Thanks
Facebook’s Mark Zuckerberg famously once said, “Move fast and break things,” in 2009. As we all know, much has changed since then. Even Meta, the
Corporate social responsibility — or simply CSR — refers to the self-regulated accountability that a company has to its customers and clients, its stakeholders and
Innovative companies are game changers; they are constantly pushing the limits by trying bright ideas and offering new products and services. They also change the
The business world moves fast. One week, a company is the crowning jewel of its industry and the next it’s falling from grace, seemingly hitting
Millennials simply aren’t purchasing homes at the same rate as previous generations, and it’s not difficult to imagine why. Mortgage rates are at an all-time
Business enterprises form the backbone of the Canadian economy. However, they often need help controlling cash flow and managing expenses and revenue, which affects their
Rick Dhillon went from property accounting to the lucrative world of real estate in 2005. Now, he’s a successful real estate coach, helping other realtors
With the pandemic almost over, employees still face the harsh reality of rolling layoffs. Recently, some of the biggest tech companies in Silicon Valley announced radical layoffs.
Facebook’s Mark Zuckerberg famously once said, “Move fast and break things,” in 2009. As we all know, much has changed since then. Even Meta, the
Thought leadership was first coined as a buzzword in 1994 by Strategy+Business founder Joel Kurtzman, but what started as business jargon has become a cornerstone
Canada may enter a recession soon. The quick, steep rise of inflation is something that hasn’t been seen since 1981. We aren’t the only ones
For Sam Oosterhoff, growing up on the family farm meant no job was too big or too small. It meant knowing what was required, jumping
Jasmine Lee always knew she wanted to own property, but when she purchased her first house, the experience with her realtor left her dissatisfied. “She
Have you ever thought about what the super-rich do with their billions? It can be a mind-boggling question, but contrary to what you might think,
If you enjoy immersing yourself in a good story or have aspired to become a fiction writer, then you need to know about Wattpad —
According to the United Nations data, around 70 billion land animals are slaughtered each year for food. Most of these animals are raised and killed in
With the advent of global warming, increased drought, heat waves, and rising sea levels, climate change is on everybody’s mind. Climate change conferences like the
Chandra Dhandapani has held a lot of titles since joining CBRE in 2016 to lead the corporation’s digital strategy and handle the technological aspects of
Despite what President Biden said on 60 Minutes, COVID isn’t over. A quick look at WHO numbers don’t instill the general public with the same
James Bateman has had a unique path — he worked in his family carpentry business for 9 years, went back to school to pursue his
The Big Data & AI Conference at the Metro Toronto Convention Centre brought several start-ups, speakers, and presenters this October, to discuss game-changing innovations and
The Poet Laureate of Ontario title was created in memory of the iconic poet and The Tragically Hip front man, Gord Downie. Poet laureates raise
Photo courtesy of Pembina Institute. Larissa Crawford has paved her way into recognition through the work she does as a researcher, activist, artist, and organization
Photo courtesy of Sam Mizrahi. The One skyscraper is in its fifth year of development and will — when completed — become the tallest skyscraper
Photo courtesy of Darrell Keezer Darrell Keezer is the founder and CEO of Candybox Marketing, a digital marketing firm based in the Greater Toronto Area
Photo courtesy of SERHANT. Star of Million Dollar Listing New York and Sell It Like Serhant, Ryan Serhant exhibits true entrepreneurial DNA. He knew he
The year 2022 has been the year of shake ups in Silicon Valley. Some unexpected moves happened in Big Tech with Elon Musk offering to
Photo courtesy of David Osborne. David Osborne, a seasoned software and tech-enabled services leader, is passionate about helping organizations successfully integrate, operationalize, and scale. He
Photo courtesy of Giullian Yao Gioiello. Forbes Magazine’s 30 Under 30, Time Magazine’s 30 Under 30 World Changers, and Entrepreneur Magazine’s Young Millionaires are just
Photos courtesy of Kamel Ghribi. For the past three decades, Kamel Ghribi has brought forward-thinking initiatives to the global petro-chemical and health industries. But that’s
Photo courtesy of Meryl Afrika. When Meryl Afrika arrived in Canada from South Africa in 2009, she needed a place where she could access financial
Empowerment coach, best-selling author, and founder of the S.W.A.T. Institute (Simply Woman Accredited Trainer), Crystal Andrus Morissette overcame many personal struggles and difficulties to become
As founder and CEO of business-intelligence provider DataSelf, Joni Girardi is an expert in optimizing data analytics and providing easy-to-use tools for mid-sized companies to
Photo courtesy of Karen Richards To hear Sun Life’s Karen Richards tell it, banking is about people. From the teams she leads to the communities
Photo courtesy of Celina Caesar-Chavannes. For Celina Caesar-Chavannes, the former Member of Parliament for the riding of Whitby and former Parliamentary Secretary to the Prime
Devoting almost 30 years of his life to Ted Baker, one of the UK’s foremost global fashion brands, co-founder Chris Browne resigned as Global Retail
The stock market is no fan of change and uncertainty. Since its inception, the market has had its share of losses and gains, peaks and
Photo courtesy of Alejandra Bravo Mentor, trainer, facilitator, strategist, multilingual social activist, and political candidate — when it comes to progressive politics and community building,
When one pictures a start-up company, what may come to mind is a large industrial space with ping-pong tables, free food, colourful walls, and maybe
The start of a new year is often set aside for personal reflection. It’s an opportune time for business leaders to connect with their workforces
Photo courtesy of Simon and Schuster. Dating back to the late 19th century, the Foster family was known for hand-made running shoes, supplying world athletes
Photo credit: Leilah Dhore. From her early years in Trinidad and Tobago, to volunteering with the YMCA, to serving on numerous boards and committees, Nicole
Photo caption: From left to right, Michael Wekerle with Andy Curran. Photo courtesy of Michael Wekerle. Featuring Musician and Business Partner Andy Curran There’s no
As the founder and CEO of the Canadian Centre for Diversity and Inclusion (CCDI), Michael Bach is an expert in implementing diversity, equity, and inclusion
When it comes to the boardroom, there’s always something people of colour tend to notice—a lack of diversity. It’s something that visible minorities (including women)
Wendy Law, Deputy City Manager, Administrative Services and City Solicitor for the City of Vaughan, has nearly two decades of experience in the public sector,
We can all agree that one of the biggest challenges resulting from COVID-19 has been the sudden office closures and having to work from home.
After launching a successful career as a TV personality in her native Nigeria as the host of the show Lunch Date, Patricia Bebia Mawa relocated
Leadership, change and innovation comes with a deep understanding of knowing where your strength and weaknesses lie as a leader. This is the expert advise
Do you want to work for yourself? Demonstrate your own abilities, set your own work hours, have people to work for your company? Then you
Staying afloat can sometimes be difficult for businesses that are grappling with constantly-changing markets and consumers who are demanding latest products and services. It’s easy
In recent years, with the uprising of intersectional feminism and civil rights groups such as Black Lives Matter, the concerns of equal rights for all
No stranger to being the “first woman to…” many times in her life and career, French lawyer and politician Christine Lagarde has never shied away
A lot of people would attribute the opportunities they’ve received to who they know. Who you know matters both in business and in life. Whether
Mitch Joel has built a reputation as a digital marketing guru, a sought-after speaker, and an author. He was the president of Mirum, a marketing
Profits for luxury brands appear poised to continue to rise over next decade, including at brick-and-mortar stores. Growth in New Markets You might have heard
In today’s working world, the importance of productivity and a good work ethic is preached and praised. Working smarter helps you become a more competent,
As a 12-year-old, Huda Idrees was already building websites for clients. Idrees, who learned computer-programming and web design in Saudi Arabia, is also an Industrial
Within days of installing see-through Solartech blinds in her home, former Nortel employee Diana Livshits realized the genius of the product, bought the Canadian rights
No matter what the size, big or small, your business is bound to deal with the occasional moment of conflict. If your business is just
Jan Kestle is Founder and President of Environics Analytics and has been a leader in the marketing information industry for more than forty years. Jan
If you have plenty of passion for your budding business but lack a little inspiration, then brothers Cody Hock, Esq., 26, and Cole Hock, 24,
Miroslav Reljic is an award-winning leadership coach based in Calgary. He came to Canada with his family, who fled war-torn Croatia in 1995. Reljic could
When Kathy Ireland began her career as a model and actress, it seemed like the sky was her limit. She exceeded that limit as well
The Toronto Raptors shocked the sports world by winning the NBA Championship in June, but any devoted basketball fan will tell you that there wasn’t
Chef Mike Ward began his successful cooking career in his native Australia, and he eventually found himself preparing meals for the likes of Julia Roberts,
It’s impossible to get to the top – or anywhere else for that matter – without listening to suggestions or advice. When you’re put in
There are many benefits to maintaining your employees’ health and wellness, from increased efficiency to an overall happier staff. There have been numerous studies linking
In business, confidence is one of the most important traits to have. It allows you to speak up, to be taken seriously, and to get
From plumes to typewriters to computers, as beneficial as technology can be, some employers hesitate to embrace it. This resistance sometimes hinders employees and makes
Who thought that having too many job options could be a bad thing? While it may be a win for highly qualified job seekers, it
Despite entering the field later in life, Lorraine Cormier worked her way up in the microblading and micropigmentation industry, becoming known as the “Eyebrow Queen.”
Partnerships often play an essential role in helping an organization grow and profit. They can extend opportunities to establish important connections, as well as enable
Being a part of a young, hungry start-up is exciting. The camaraderie and energy developed by a small team working long hours to create a
Millennials are known as the generation of smartphones, over-priced coffee, and a reputation for entitlement and leisureliness. Despite this, the success of millennials is becoming
Chris Izquierdo is the co-founder and CEO of DevFacto Technologies Inc., an award-winning software development company based in Edmonton, Alberta that has consistently ranked as
It’s likely you’ve seen Nutribar, the popular meal replacement bar, on supermarket and grocery store shelves. Launched in 1979, it was also the first nutrition
In all relationships, it’s inevitable that, at some point, someone will offend the other party. All healthy relationships have a “release valve” or a way
Leadership is an organization’s driving force. It dictates culture and productivity, and everything should trickle from the top down. But what happens when an owner
Older generations have always been critical of the younger ones. From Socrates referring to youths as “bad-mannered tyrants with a lack of respect for
Leadership is an oft-defined and widely studied concept. A cursory search of popular leadership quotes will produce definitions such as, “A leader is a
Have you ever had a co-worker or friend who needed everything to be “just so?” Someone who wouldn’t quit until they’d done it all,
Jan Kestle is Founder and President of Environics Analytics and has been a leader in the marketing information industry for more than forty years.
A common dating trend has made its way to the workplace. Known as “ghosting,” it involves ending a relationship without communication. There are no texts,
Javed S. Khan, who leads EMpression: A Marketing Services Company, has helped entrepreneurial and corporate clients build their ideas innovatively, by guiding their vision
Using his decades of experience building multiple million-dollar businesses, Colin Sprake imparts valuable lessons to entrepreneurs through his talks, books, and coaching. He founded
Jamie Kern Lima built herself a global makeup brand and empire with IT Cosmetics. The makeup brand, which was later acquired by L’Oréal for
Most of us are aware of gender discrepancies in the workplace. Studies show that women are paid less than men for equal work, (women
Chandra K. Clarke is an author, journalist, and entrepreneur who launched her own business, the professional online proofreading service Scribendi, in 1997, with her
As businesses continue to strategize about growing in size and strength, finding and retaining employees is a crucial factor. Many companies look at hiring
As a leader, you want to inspire your employees, customers, and the world with your vision. Managing people and situations and making decisions effectively
Starting a business with family is a tricky endeavour. On one hand, you can build your relationship with relatives through hard work and success.