Small Business Blog from Atlantic Canada

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.

Times have changed. We no longer live in an isolated world. Our competition is not only the guy down the street. The competition is in China, in India, in Europe … all over the globe. For all the new theory, new management principles, there is only one fundamental way to survive in the business world:

There seems to be an aura around “project management” and “project managers” - at least in Atlantic Canada. Some people tend to think of project management as an exotic discipline. They think they need to slave away and chip at its various layers for a long period of time before they can be considered a project manager. Well, it does not help that one of the requirements for a PMP is a minimum three year (4,500 hours) experience to take the exam.

So far the financial crisis has centered around mortgages and mortgage backed assets. As the current historical crisis unfolds and gobbles up respected Wall Street investment banks - here is a question to ponder. Will private equity companies be next?