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8555 Jane Street, Unit 201
Vaughan, ON, L4K 5N9
Tel: 416-712-5526
Fax: 905-760-1296
E-mail: admin@mrfranchise.ca
8555 Jane Street, Unit 201
Vaughan, ON, L4K 5N9
Tel: 416-712-5526
Fax: 905-760-1296
E-mail: admin@mrfranchise.ca
Hard Work: All hard work will bring profit; however mere talk and poor execution only leads to poverty;
Complacency: A sleeping lobster is always carried away by the current;
Earnings: Never rely on single sources of income. While it’s always important to do what you do “best”, one must always be diversified;
Spending: Buying things you don’t need will inevitably lead to you selling things you do need;
Savings: While any amount of money you have to save is worth saving, don’t save what is left after spending; spend what is left after saving, and invest in the future;
Accounting: It’s no use carrying an umbrella if your boots are leaking;
Auditing: Beware of little expenses; the smallest leaks can sink the largest ships;
Risk-taking: Never test the depth of a river with both feet; venture one step at a time;
Investment: Don’t put all your eggs in one basket.
I’m certain that those who have already been practicing these principles continue to enjoy financial health. And I’m equally confident that those who resolve to practice these principles going forward will quickly regain their financial health.
At Shoeless Joe’s we have already begun our journey. The opportunity clearly now exists for the finance team to position ourselves at the heart of the organization. With the closing of fiscal year 2010 (and the many challenges that brings) to the development and implementation of our refined 2011 budget plans, quarterly business reviews, IT systems implementation, staff development, and many cost savings initiatives, we are well on our way to acting as a key change agent. We are empowered to execute and monitor the necessary changes to achieve the overall strategic objectives of the organization by means of aligning the roles of steward, operator, and strategist in tandem; all the while ensuring accountability prevails. Financial freedom is our goal; transparency and tenacity are our tools.
Malcolm Webb
Director of Finance
Shoeless Joe’s Ltd.
© 2010 Mr. Franchise