A few pointers for entrepreneurs

I introduce Doug Steiner........ and the crowd goes wild!!!!!

If you're not familiar with Doug he writes for the globe and mail Report on Business, while he also runs his own business in the financial service sector. I am fortunate enough to know Doug personally and find him to be a great voice to speak with, not only because of his witty nature but the overall advice and stability he has when discussing business ventures.

Take the time to view this quick video of Doug delivering a tutorial at the Rotman school of business. Hope you enjoy! Tucker.

http://www.theglobeandmail.com/report-on-business/small-business/business-incubator/doug-steiner-serial-entrepreneur/article1130157/

Tucker Wright- Toronto Life Insurance

Facebook gets face lift

http://www.theglobeandmail.com/news/technology/facebook-gets-cash-boost-but-is-web-20-on-the-wane/article1154160/

I find it very interesting to see that Facebook was valuated at U.S. $10 billion, when this week many articles were breaching the conversation of the real evaluation of $3-5 billion.

Yuri Milner recently invested $200-million for a 1.69% stake in Facebook. With 200 million members world wide Facebook is a prime example of the value in social networking sites today and well into the future.

As a generation Y member I can easily see how this movement will impact the future of purchasing and advertising. Generation Y is becoming true consumers of top end products such as Mortgages, Investments, Life Insurance etc...... gone are the day's of skateboards and ball hockey sticks and welcome to heating bills and car payments.

How are social networking sites going to adapt to this market? Obviously there are people out there who believe these sites will become a pillar in the NEW everyday purchasing decisions faced by generation Y. $200,000,000 is a figure that i can't shy away from, especially in the downturn 2009 that we are all becoming too familiar with. 10 million- 20 million are figures we read about everyday in private equity deals, but 200 million has a different ring.

Once again I want to hear from you and hear your side of what social networking is to you???

Personally I like them and think they can be a huge resource for purchasing decisions if used wisely and effectively- Like anything be cautious.

Tucker Wright- Toronto Life Insurance

Are you ready to change???

http://www.theglobeandmail.com/report-on-business/small-business/its-a-punctuation-point-in-history/article1152251/#video

Please check out this video and identify if you are ready to change or if you have been psychologically damaged by the recent downturn?

As i know many of the readers are from the younger generations, do you feel that there is opportunity out there? Do you plan to run a small business in the future?

I personally believe that in the near future we will see thousands upon hundreds of thousands new small business in Canada where people strive to control their own destiny & life style. This excites me as more than ever Canadians will need more and more help identifying their new risks they face as individuals and business owners.

Let's hear form you.

Tucker Wright-Toronto Life Insurance

Click Me for Personal Budget Sheet!

Attached is a document produced by Fidelity, any variation of this list is acceptable I just wanted to give you a working example.

See you tomorrow,

Tucker Wright- Toronto Life Insurance

B.Comm Financial case study challenge; Deadling May 29th

MAY 29TH

As mentioned last week we are having a case study challenge. The Focus is just simply to identify your financial situation and create discussion about how we can establish some Goals and Projections moving forward.

All participants will be entered to win a Broil King Monarch 20

http://www.broilkingbbq.com/grills/series_19.html

This blog is going to become a resource for readers to have everyday questions answered either through typical Q&A or experiencing case studies.

Do you have enough Insurance?

Do you have too much Insurance?

Does your current investment approach make money? Loose money? Tread water?

Do you own a company?

Are you taking advantage of the ALL the tax implications of owning a company?

These are the things we want to hear and start discussion's. Often reading or using a "online" identification comforts people's ability to open up and start tackling the issues they really want help with.

We look forward to hearing from, both current clients of ours and new friends we meet online!

Email:

tucker.wright@bcommfinancial.com with your current case study logistics. I will attach in a separate blog entry a summary page to help set up your case study.

Enjoy your Monday,

Tucker Wright- Toronto Life Insurance

Is this you?????

http://www.thestar.com/business/article/637272

Let me know if you are a Canadian who is planing to save their money for the next few years in order to establish a nest egg once again?

This week we have seen movements in the credit card industry as well auto insurance policies, both having to answer questions as to how these product's continue to drain $$$$$ from everyday working Canadians.

Look for new features in weeks to come with regular information on the ever evolving Home & Auto Insurance industry

Life Insurance hits CNBC

http://www.youtube.com/watch?v=1sskwUTj4z8&feature=related

This information is American related but shows the value in the concept of investing in Life insurance.

These products are even more dependable in Canada! Enjoy

Tucker Wright- Toronto Life Insurance

Let's hear from you! What's your financial situation?

Inspired from another conversation i had earlier in the day, i thought it would be a neat idea to start working on some real live case studies for discussion.

To entice my readers on twitter or the blog, i will enter all case study participants in a draw for a Broil King Monarch 20. http://www.broilkingbbq.com/grills/series_19.html

Contest will accept case studies until MAY 29th, 2009

Follow B.Comm Financial at www.twitter.com/tuckerwright

Tucker Wright- Toronto Life Insurance

B comm Financial adds FP solutions

FP Solutions is financial planning software designed by CCH a Wolters Kluwer Business.

Reviewed as an elite financial planning tool, FP solutions is like having a tax, insurance, legal and financial planning specialist all sitting in your office or home providing every imaginable scenario possible. You might be asking yourself, why haven't i heard of this software???? simple answer, it runs nearly $1,250 a copy and needs to be updated every year or so- that's enough to keep this from becoming a house hold product.

When i dug a bit deeper i found some startling information- This software is so good that it is well worth the $1,250 price tag, but that may not be the opinion of my industry or even the groups of people you trust in managing these types of decisions ( anything financialy related). FP solutions is only used by 7-10% of CFP's in Canada. As CFP's have obviously gone through the education to deserve their designation, i was extremely shocked that they don't support this leading software, and the only reason i could think of was the money. $1,250 annually should be a no brain er as a business expense for anyone in the financial planning industry.

Products, solutions and strategies are constantly evolving in this industry and i find it hard to believe that all CFP's and anyone else claiming to provide these services doesn't have top notch software? Only having 3 1/2 years of experience i have identified that helping people with their money or insurance solutions is a serious issue and needs serious attention.

Next week the B comm solutions specialist are attending a CCH- FP solutions training seminar session 1 that will help advance our ability to service our clients in ways they have never seen or imagined. All of this is in an effort to establish ourselves as leaders in providing education to our clients and prospects from the most sophisticated business owners to simple house hold planning solutions. I encourage you to visit http://www.cch.ca/ to have a stronger understanding of what this software can provide when making any assumption about financial planning.

I will be sure to update you all with how this venture has effected our business.

Enjoy the short week!

Tucker Wright- Toronto Life Insurance

Holiday weekend reading material

Below is a link discussing how permanent life insurance works. I have become motivated again to get this message out to the 20 somethings as this opportunity doesn't last for ever.

Let's hear from you about this. Do you like this concept?

What's your disposable income?
How old are you?

I want to hear from you so we can start to discuss your specific situation. Learning new things can only help you make the right decisions in life, you'd be surprised to the benefits that can be created inside these policies.

http://www.canadalife.com/003/Home/Products/LifeInsurance/PermanentInsurance/ParticipatingLifeInsurance/S5_009423

Enjoy the weekend, and follow me on twitter! www.twitter.com/tuckerwright

Tucker Wright- Toronto Life Insurance

Why paying too much tax can be a good thing ??

Companies deliberately send more than necessary, then collect interest-rate windfall, auditor says

Allan Woods OTTAWA BUREAU

OTTAWA – Some of Canada's largest corporations may be using the government as a high-yield investment account by deliberately overpaying on their annual tax returns to collect favourable interest rates, the federal auditor general says.
In each of the last three years, top businesses have realized a $30 million windfall by paying a total of $4 billion into accounts managed by the Canada Revenue Agency that cover them in the event their tax returns are reassessed.
The accounts have paid an interest rate of from 5 to 7 per cent since 2006. The rate is considerably more favourable than that offered by banks. Auditor General Sheila Fraser said it appears corporations were well aware of the favourable treatment they were getting with their federal accounts, though it is difficult to prove any company has set out to bilk taxpayers.
"No one asked the corporations or tried to determine what the motivation was, but I think we can probably arrive at that conclusion," she told reporters. "The agency did try to return the money to them and they declined."
Fraser joked that there could be an influx of chief financial officers looking to stash money in Ottawa in the wake of her report.
"I'm not sure in this economic time that a lot of corporations have a lot of cash to deposit with the Canada Revenue Agency, but there are obviously some and the agency has to manage this."
The Canada Revenue Agency, which collects federal tax money, has suspected that corporations were aware of their higher interest rates since at least 1991, but it has done nothing to safeguard the federal treasury.
Agency officials trying to return the advance payments to firms are powerless if the company opts to leave the account open.
The favourable interest rates, which have existed for almost two decades, have conceivably cost taxpayers hundreds of millions of dollars, and Fraser said a strong, enforceable policy is necessary to control the problem.

Tucker Wright- Toronto Life Insurance

http://twitter.com/tuckerwright

B. Comm Financial has officially taken it to the streets! twitter is the new social networking group that will take facebook spit it out and walk right to the number #1 hit web address.

Facebook has become too personal of a network and many people have moved the back to only having contacts they wish to share photos with - the orginal purpose of facebook.

Twitter allows you to be as profesional or goofy as you feel. It will offer you the ability to share your thoughts and feelings as your engagne new experiances.

I will be using twitter to give my readers a more in depth look at me Tucker Wright, the Financial Planner-Insurance solutions specialist, as well golfer and local Trontonian.


Look for me to be ing in cyber space near you.

Tucker Wright- Toronto Life Insurance