Entrepreneurs need to focus on what is important - building your business

Tony Kereluke • September 23, 2017

Canadian Franchise & Business Consulting Tips

Most entrepreneurs in Canada and around the world have to wear many hats on a daily basis. Based on this reality, an entrepreneur must not lose focus on things that are of extreme importance such as focusing on revenue generation.

Ask yourself, what is most paramount and most important for your franchise business and or business? Simply put, revenue generation, generating new customers and establishing repeat customers should top your list. Driving business should be a strong focus day to day.

Paperwork and other back end things should be delegated as one can not do everything because not everyone can great at "everything." Even if you are great at “everything,” a focused and direct approach to what drives your business is far more important.

Ask yourself on a daily basis if what I am doing as a business owner or franchise owner. Is this generating revenue or having a direct result of building my business? If the answer is no, then delegate this task to someone else. As your focus needs to be on building the business.

In short, focus is the key to the success of any business or franchise. Time management is the key to any business. Learning how to delegate on remedial tasks takes some practice and is an art form in itself. As the general, the leader, and an entrepreneur it is up to you to take care of your customers and clients as this has a direct link to the revenue generation arm of your business.

Tony Kereluke
CEO & Founder
Top Shelf Franchising


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What's Trending? Businesses With Cash Flow & Hard Assets/Safe Haven's With the recent turmoil in stocks correcting and swinging around like a yo yo in a kids playground. Individuals & smart money investors are seeking out hard assets/ small businesses & franchises with cash flow. I receive hundreds a calls a month from buyers looking for cash flow and focused on hard assets. This sounds like a solid simple plan of attack and is working for a select group of smart money investors. Safe haven demand is at the highest level in a very long time. No one knows what will happen tomorrow or next month with the market or economy so why not take control your own future this way. If you are looking to diversify away from financial instruments and be in the drivers seat of your hard earned work. Why not start a side hustle? Or partner up to buy a franchise business in a great location? Or add onto your existing business portfolio and purchase another business. This I am seeing a demand in calls & especially over the past 6 months. I am a big fan of physical bullion gold and silver and have invested a great deal in this space over the past 5 years and returns are there. Here is a chart of Gold 5 year and one year as of MSN money app in USD funds. Gold Per Ounce 3405 USD ‎+81.80 (‎+2.46%) Today USD PAST YEAR • AS OF MAY 6, 10:05 A.M. EDT ‎+1,073.20 (‎+46.04%) USD PAST 5 YEARS • AS OF MAY 6, 10:06 A.M. EDT ‎+1,659.10 (‎+94.98%) USD While the S +P index YTD to date is seeing a loss YTD YTD • AS OF MAY 6, 10:06 A.M. EDT ‎-282.47 (‎-4.80%) 33.40 Silver Per Ounce ‎+0.90 (‎+2.76%) Today USD PAST YEAR • AS OF MAY 6, 10:01 A.M. EDT ‎+5.99 (‎+21.89%) USD YTD • AS OF MAY 6, 10:02 A.M. EDT ‎+4.12 (‎+14.08%) This type of hard physical asset is yours only and holds no counter party risk. It is recommended to have safe storage in higher amounts & can always be sold and turned into a fiat currency anytime you wish. It's a flight for safety and a safe haven, and is working as world fiat dollars de-value with inflation chewing away slowly at it. One suggestion is to not do what everyone else does. In fact you may want to look at the opposite first. Then do your own due diligence. While I do not give out financial advice you are welcome to speak with your advisor who most likely will not talk about gold or silver or investing into a small business and will push there financials instruments so they can obtain a fee from there bank. So it is important to talk to many others in different fields. Try not to trust one source to park your cash or plan your retirement. It's just too risky to let it all ride on whim of a financial instrument and hope it keeps going up. As there is nothing better than controlling your own destiny in life. Master your own destiny is the way to go and work for it and build it they will come.