DO YOU WANT A SHARE OF LOCAL BUSINESS DOLLARS???
A new chapter of Business Network International (BNI) has formed in The Beach and we are actively looking for the following business professionals from the surrounding community to give our referrals to:
General Contractor
Printer
Interior Designer
Florist
Residential Cleaner
Bookkeeper
Registered Massage Therapist
Handyman Services
Dentist
Sign Company
Life Coach
Lawyer (real estate)
Personal Trainer
Graphic Designer
Chartered Accountant
Caterer
Computer Tech.
Photographer
Wine Maker
Dog Walker
Residential Cleaner
In an effort to grow our chapter, we will be hosting a special information event to introduce interested professionals to word-of-mouth referral marketing. We invite you to join us for breakfast on Tuesday January 10 or Tuesday January 24 from 7:30 a.m. (sharp) to 9:00 a.m. at the Upper Beach Cafe (1917 Gerrard St. East, on the south side of Gerrard St., just west of Woodbine Ave.) and investigate the possibility of sharing business referrals.
In a nutshell, BNI’s uniquely structured program allows only one person per business category or professional discipline to join a chapter. Once you join, none of your competitors can participate in our chapter. You will appreciate hearing about BNI’s powerful program, especially if referrals are important to your business.
For more information about BNI see http://www.youtube.com/watch?v=qdfIeo6aTII&playnext=1&list=PLBC852CED699F026B
Seating will be limited. Please bring plenty of business cards, as you will meet many local business people.
Please RSVP to Andy Kovacs by phone at 416 342 7460 or by email andy.kovacs@sunlife.com
If know you know of a person who is working in one of the professions listed above, please feel free to invite them too!
We are looking forward to meeting you!
Andy Kovacs, CFP®, CHS™
CERTIFIED FINANCIAL PLANNER™
Certified Health Insurance Specialist
Sun Life Financial
1918 Gerrard Street East
Toronto, ON, M4L 2C1
Office phone: 416 342 7460
Website: www.sunlife.ca/andy.kovacs
As we begin the New Year, I’d like to remind all business owners in the Beach and surrounding area that we aren’t immune to life’s risks, even though we often think that we are. When you own and run your own business, you’re accountable for all aspects of the business, not to mention the endless personal responsibilities that you have to juggle at the same time. That’s why it’s even more important to have a back-up plan for when life throws you a curve ball.
What would happen if you became seriously ill or died? Your business would lose its key person and your income source may disappear. There may not be enough income to manage all the business liabilities if you died. Creditors would press for immediate payment, and accounts receivable might become uncollectible.
If you die or become ill, your family would face three alternatives:
- They could continue the business, requiring family members to have the ability and experience to run your business, sufficient cash after debts are paid and the ability to retain your customers.
- They could liquidate the business. A forced sale attracts bargain-hunters and with “goodwill” gone, the value of the business may be drastically reduced – by as much as 40 to 90 per cent.
- They could sell as a going concern. However, finding a qualified buyer may be difficult; the cash for purchase may not be readily available and the agreement on a fair price may be difficult to reach.
Alternatively, you could protect your business and family if you chose business life, disability and critical illness insurance. These products could help you and your family to carry out your plans for the business if you were to become critically ill or die. For example, life insurance can provide funds to buy the business under a purchase agreement, and disability insurance can provide income if you become disabled. Critical illness insurance can help you pay off debts, stabilize your credit position, offer loan options or establish a fund for personal income at retirement, independent of the business.
For more information on practical solutions that can help you and your family to stay in business – no matter what happens, please visit my website at www.sunlife.ca/andy.kovacs or contact me at (416) 342-7460.
© Sun Life Assurance Company of Canada, 2012.
Andy Kovacs, CFP® CHS™ is a health-focused professional Sun Life Financial advisor who helps individuals, business owners and professionals to stay in business – no matter what happens. Andy believes that a person’s health is their number one asset and places a strong emphasis on educating his clients on the reality of the health risks they face and available solutions. His Sun Life Financial office is located at 1918 Gerrard St. E. (north side of Gerrard St. E. just west of Woodbine Ave.).
Visit Stavros at 743 Queen Street East, Riverside, Toronto, M4M 1H3, stavros@haircode.ca (416)750-1234.
