Lakeside Strategies is a consulting firm located in Kincardine, Ontario, Canada.  Over the years, Allen and Milica Wickert have provided high quality consulting services to small and medium sized successful businesses.  Lakeside Strategies is a consulting firm located in Kincardine, Ontario, Canada.  Over the years, Allen and Milica Wickert have provided high quality consulting services to small and medium sized successful businesses.


• Banking

- Debt vs equity financing
- Form of General security agreements
- Letters of credit, bank covenants, including current ratios, debt/equity ratios,
  effective net worth and borrowing base calculations.


• Cash flow management

- follow up delinquent accounts
- small claims court actions (<$10,000)
- commerce legal action, if necessary
- Improve number of days sales in accounts receivable
- Increase inventory turnover
- Liquidate redundant assets


• Corporate Governance Issues

- Minute book maintenance, such a shareholder resolutions, director
  resolutions, duties and powers of officers, banking resolutions,
  establishment of an Advisory Board, By-laws, etc.


• Taxation

- Negotiate assessments/objections-Federal and provincial
- Canada Revenue Agency (CRA) Fairness relief
- CRA and provincial audits


• Employment matters

- Negotiate/draft employment contracts
- Termination process
- Confidentiality agreements
- Non-competition agreements
- Profit sharing agreements


• Business and strategic planning

- market considerations/competition
- trends/niche markets/SWOT analysis
- location
- marketing
- financial models-projected balance and income statements
- cash flow forecasting


• Cost savings programs

- supplier contracts
- product pricing formula’s
- inventory management
- employee severances
- out sourcing

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