CSI Blog & Newsroom

“Entrepreneurs quickly come to understand that every action a startup takes is an investment. Whether integrating software, conducting research, hiring people or, if they’re successful enough, making third party acquisitions, every move made is either time or money spent with an aim to grow the company.

To thrive in the current startup marketplace, entrepreneurs need to understand the value in creating and innovating but also, consistently investing strategically in areas that complement their technology and accelerate their growth,” wrote Cameron Chell special to The Globe and Mail on April 17, 2015.

Chell continued, “Planning isn’t a dirty word. Startups are renowned for flying by the seat of their pants. Having a defined and structured plan and the discipline to follow it through might seem to too rigid and conformist for entities which are assumed to be all about agility. It shouldn’t.

Having discipline, a strategic plan and a laser-like focus on what problem a company is solving ultimately allows gaps to be far more obvious when they appear. In my experience, a startup cannot successfully recognize a need to pivot, a need to bolster specific resources, or a need to add to its technology pool when it is being purely reactionary. Without a considered focus, a sound strategy, and the discipline to reassess a plan regularly, investment decisions are solely based on the need to fix issues as they arise.”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“The Bank of Canada has emphasized a concern for Canadians already fretting over the country’s depressed energy sector and overvalued housing market: Stock valuations are near record highs.

The warning follows long-simmering concerns about a rising appetite for risk among investors searching for higher returns in an era of ultralow interest rates,” wrote David Berman – Banking Reporter for The Globe and Mail last Thursday June 11, 2015.

“If Adam Smith were still alive, he would be having a birthday today, June 16. The man credited for founding the discipline of economics was a man of curiosity, vision and wisdom. Smith’s insights about the functioning – and malfunctioning – of markets are still valid, and deserve to be repeated and celebrated.

Born in 1723 in Kirkcaldy, Scotland, he became a professor of moral philosophy and a leading figure of the Scottish Enlightenment. At the age of 36, he published The Theory of Moral Sentiments, a book that made him an academic superstar. Only then did he start to study economics and, in particular, the mechanics of national wealth creation.

For hundreds of years before Mr. Smith, technology had not changed significantly and patterns of production and consumption were relatively stable, determined mostly by tradition. But with the beginning of the Industrial Revolution in the mid-1700s, economies began changing quickly. As technological developments in some sectors outpaced those in others, and many new products were created, adjustments had to occur. Costs and prices bounced around, and so did wages. In response, labour and capital shifted across sectors and regions,” wrote Christopher Ragan for the Globe and Mail on June 16, 2015.

Ragan continued, “His deepest insight was how thousands of decentralized and mostly self-interested consumers and producers, none of whom had a plan for the overall economy, interacted in markets to produce a remarkably co-ordinated overall outcome. Increases in the demand for one product generate the market forces that bring forth the supply; decreases have the opposite effect. His most famous metaphor to describe this co-ordination was the market’s “invisible hand” of resource allocation.”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“You don’t become the world’s richest man by wasting away the day binge-watching Netflix. You learn, you grow, you hustle. And you read, and a hell of a lot. Heavy reads, light reads, even breezy beach reads from time to time.

We’re talking, of course, about Bill Gates: inventor, philanthropist and voracious reader. Keeping up with his own tradition, the Microsoft co-founder recently took to his blog to publish his annual “beach reading (and more)” list, a collection of books he thinks everyone should add to their summer reading roundup,” wrote Kim Lachance Shandrow for Entrepreneur.com/The Globe and Mail on Tuesday June 9, 2015.

Lachance Shandrow continued, “Looking back, he credits much of his entrepreneurial success to reading. “I really had a lot of dreams when I was a kid,” he said, “and I think a great deal of that grew out of the fact that I had a chance to read a lot.” Apparently even in the summer.

With the first day of summer coming up on June 21, there’s plenty of time to dig into Gates’s picks. Check out his recommendations from your local library or spring for them at the neighborhood bookstore. Happy reading.

Here are the seven titles that made the cut…”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“Formula 1 world champion Lewis Hamilton set the fastest time in the opening practice session for this weekend’s Canadian Grand Prix.

Mercedes duo Hamilton and Nico Rosberg dominated the opening period, finishing well ahead of the chasing pack.

Hamilton was 0.415 seconds faster than Rosberg, who was over a second ahead of the Lotus of Romain Grosjean in third.

Mercedes-powered cars dominated practice at Montreal’s Circuit Gilles-Villeneuve, which is characterised by three long straights. Four of the top five fastest cars in the session were powered by the Mercedes powerplant.

Force India’s Nico Hulkenberg was fourth fastest, followed by the Ferrari of Sebastian Vettel and the Williams of Felipe Massa,” wrote James Roberts on Friday June 5, 2015 for Autosport.

Roberts continued, “Hamilton set the early pace on the soft tyre and remained at the top of the timing sheets for the next 90 minutes.

When pushing harder with half an hour to go he spun at the Turn 10 hairpin but was able to continue unharmed.

Shortly afterwards he mentioned on his team radio that he was losing time with his upshifts.”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“Do you have dreams that keep getting pushed to the side, and every time they are revisited you make another excuse as to why it’s not the right time to chase them? Successful entrepreneurs all have one thing in common – they pushed the excuses aside, not their dreams.

While there are countless excuses, these six in particular are both horrible and unfortunately common – and you should not let them stand in the way of your entrepreneurial dreams,” wrote Jonathan Long for Entrepreneur.com/The Globe and Mail.

Long continued,
“1. “I’m too old.” You are never too old to accomplish anything that you set your mind to. The media tends to highlight young entrepreneurs and founders – a headline about an Ivy League college student creating a successful company is going to receive more media attention than a headline about an entrepreneur in his or her early 40s that launched a successful venture out of the garage.

Mark Zuckerberg co-founded Facebook in his Harvard dorm room and Evan Spiegel co-founded Snapchat while at Stanford – but there have also been plenty of successful companies founded by older entrepreneurs. Reid Hoffman was 35 when he co-founded LinkedIn, and Henry Ford was 45 when he created the Model T. Age is just a number – not an excuse.

2. “I’m scared.” There isn’t a single entrepreneur that wasn’t scared – anyone saying otherwise is flat-out lying to your face. You have to take that fear and use it as motivation rather than let it stop you. When it comes down to it there is only one thing you should be scared of – not reaching your dreams.

Know what’s scary? The thought of someone else coming to market with your idea in the future and you kicking yourself daily for not pursuing your dreams. Now that’s scary, right?”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“As co-founder of Hotwire.com and CEO of Zillow for the last seven years, 39-year-old Spencer Rascoff fits most people’s definition of success. As a father of three young children, Spencer is a busy guy at home and at work.

What’s the one thing that Spencer refuses to do on the weekend? Work—at least, in the traditional sense,” wrote Travis Bradberry for Entrepreneur.com/ The Globe and Mail on Friday May 29, 2015.

Bradberry continued, “A new study from Stanford shows that Rascoff is on to something.

The study found that productivity per hour declines sharply when the workweek exceeds 50 hours, and productivity drops off so much after 55 hours that there’s no point in working any more. That’s right, people who work as much as 70 hours (or more) per week actually get the same amount done as people who work 55 hours.

Successful people know the importance of shifting gears on the weekend to relaxing and rejuvenating activities. Like Spencer, they use their weekends to create a better week ahead.

This is easier said than done, so here’s some help. The following list contains 10 things that successful people do to find balance on the weekend and to come into work at 110% on Monday morning.”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“Successful leadership in sales hinges on your ability to consistently make good choices. The number of issues you’re expected to manage on any given day are considerable and one of the most important skills in your decision making toolbox is the ability to decide quickly what warrants your immediate, direct attention. This is because time isn’t just money: time is a non-renewable resource.

Back in the 1950s, U.S. President Dwight Eisenhower understood this. Lucky for us, he shared his secret time-management recipe – one that helped power him forward just as much as a five-star general on the battlefield as it did as Commander in Chief in the Oval Office,” wrote Colleen Francis Special to The Globe and Mail on May 22, 2015.

“I have two kinds of problems,” said Eisenhower, “the urgent and the important. The urgent are not important, and the important are never urgent.”

Francis continued, “What Eisenhower was saying – which today is formally recognized as “The Eisenhower Matrix” – is that all business problems can be grouped into one of four categories:

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“If you sold every share of every company in the U.S. and used the money to buy up all the factories, machines and inventory, you’d have some cash left over. That, in a nutshell, is the math behind a bear case on equities that says prices have outrun reality.

The concept is embodied in a measure known as the Q Ratio developed by James Tobin, a Nobel Prize-winning economist at Yale University who died in 2002. According to Mr. Tobin’s ratio, equities in the U.S. are valued about 10 per cent above the cost of replacing their underlying assets – higher than any time other than the Internet bubble and the 1929 peak,” wrote Lu Wang and Jennifer Kaplan for The Globe and Mail last Monday May 18, 2015.

Wang and Kaplan continued, “Acceptance of Mr. Tobin’s theory is at best uneven, with investors such as Laszlo Birinyi saying the ratio is useless as a signal because it would have kept you out of a bull market that has added $17-trillion (U.S.) to share values. Others see its meaning debased in an economy whose reliance on manufacturing is nothing like it used to be.”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS

“With an election just a few months away, the recent federal budget clearly had one eye on eliminating the deficit and one eye on Canada’s seniors who — no surprise here — go to the polls in large numbers.

From a personal finance perspective, much of the reaction was centered on Ottawa’s decision to almost double the annual contribution room for tax-free savings accounts to $10,000,” wrote Tom McFeat for CBC News on Monday May 18, 2015.

McFeat continued, “But the budget proposal to change how much of your own retirement money you are forced to access after you turn 71 could have broader impact and will eventually affect millions of RRSP holders.

Here’s why.

When it comes time to begin drawing retirement money from your RRSP, you have three choices:

1. Collapse the RRSP, take the money in cash, and pay tax on the entire amount.
2. Use RRSP funds to buy an annuity that will provide guaranteed income for life.
3. Convert the RRSP to a registered retirement income fund (RRIF).      

Option one means an instant and often hefty income tax hit and no further income in retirement. Option two provides a guarantee but because interest rates are low, the annual payments will be low compared to years ago. And buying an annuity is an irreversible decision that will leave nothing for the kids.

So most people — especially those who want more control over their retirement funds — choose the RRIF. It was this option that the recent federal budget addressed.”

Read the full article here.

Raymond Matt, CFP, CLU, TEP, CHS