A Discussion with Kashane Walters About Motorsports, Financial Management, and the Importance of Pursuing What You Love

As a veteran finance manager, a position he’s held at Edmonton, Alberta’s RCM Motorsports for almost a decade and a half, Kashane Walters spends his days immersed in analyzing data, liaising with banks and other financial institutions, writing reports, advising colleagues, and, most importantly, working together with clients to devise payment structures that allow them to own recreational vehicles. Over the years, Kashane has accumulated a wide breadth of experience about nearly all aspects of the motorsports industry and, as such, is widely regarded as an expert in his field.

Throughout primary and secondary school, Kashane Walters excelled in athletics, specifically in football and track and field. He would later earn a degree in Business Studies, an accreditation which would pave the way for his career as a finance manager.

In his spare time, Kashane Walters loves jet skiing and snowmobiling, noting that these activities help him to relieve stress and commune with nature. 

What do you love most about the industry you are in?

I love everything about it. I’ve always been a motorsports enthusiast—even before I worked for RCM. There’s just something about hopping on a snowmobile or a jet-ski that I find incredibly pleasurable and always have. Using recreational vehicles is a great way to get outdoors and appreciate nature. I think that’s why I find helping fellow motorsports lovers finance new vehicles so rewarding.

What would you tell others looking to get into your industry?

The motorsports industry is based around fun activities and full of great, knowledgeable people. It is a business in the end, but I think it’s more of a fun business than many others.

What keeps you motivated?

The idea of making my clients happy by pairing them with a recreational vehicle like an e-bike, a snowmobile, or an all-terrain vehicle—usually referred to as an ATV—is all the motivation I need to happily carry out my position to the best of my abilities each day.

What is the biggest lesson you have learned during the course of your career?

As I get older, I more and more realize the importance of never taking anything for granted.

If you could change one thing you did in the beginning of your career what would it be?

I regret next to nothing, but I suppose if I could change something from the beginning of my career, it would be to not make certain assumptions. I made some assumptions in my younger days that weren’t too smart, and a result, I had to learn a few difficult lessons.

How do you maintain a work life balance? 

As I mentioned, my love for motorsports predates my employment at RCM. I love jet-skiing in the summer, and I love snowmobiling in the winter. I always make sure to include either one or the other every time I take a vacation. I love the feeling of driving unrestrained by roads and traffic, away from the hustle and bustle of city life, whether on a lake or on a snowy field. It helps me unwind and makes me at peace with the world. And the scenery is always breathtaking.

What trends in your industry excite you? 

Well, the motorsports industry is projected to grow by more than 10% overall between now and 2027. From my vantage point, that is incredibly exciting.

What has been the hardest obstacle you’ve overcome? 

Like every job, sometimes there are disappointments. Every once in a while, I’m confronted with a client who really, really wants to own one of our vehicles, but just doesn’t have the financial wherewithal to do so. I always feel bad for them. But I also always encourage them to use the experience to renew their motivation to work harder to succeed. I usually say something like, “I know it hurts now, but think of it this way: That jet-ski or that ATV that you want? When you finally get it, it will be the reward for all of your hard work, and a signal that you’ve arrived at the place you want to be in life.”

What is one piece of advice that you have never forgotten?

I once had a mentor who gave me great guidance. One piece of advice he related to me often was this: “Kashane, if you manage to find a way to merge your private interests with your professional life all the while making a nice profit, then you are well on your way to cracking the secret code to happiness.” I think about that quote all the time.

What’s one piece of advice you would give to others? 

Don’t hesitate to pursue whatever you love as a profession. For me, it was motorsports, for others it could be medicine, dancing, writing, firefighting, or launching their own small business. Even if you ultimately fail, you have to at least try to make your dream come true. In my case, I knew enough to stay away from the engineering end of motorsports—that’s just not how my mind works. And because only a very small handful of people are paid to actually ride these vehicles professionally, I carved a niche for myself on the financial side of things. But I couldn’t be happier because every day I go to work in an industry I love, immersed in a pastime I cherish amongst like-minded people.

What is one thing you would change in your industry today if you could? 

If someone twisted my arm for an answer, I would say the industry is a little bit over-regulated.

Where do you see you and your company in 5 years? 

RCM Motorsports will continue to expand its client base and its fleet of vehicles, and I will be right here working hard to grow the company any way I possibly can.

Leland Sandler Discusses Reasons Why Hiring an Executive Advisor is Good for Your Career

Anyone in an executive or management position can tell you just how challenging it can be to keep up with the ever-increasing demands at the workplace. Generally, the higher you climb the executive ladder, the more people expect from you. While you may have specific experience, skills, background, and certifications to back up your position, you need an executive advisor’s help to stay on top of your executive position.

An executive advisor is someone you need when you feel like you’re stalling in your career, facing unique challenges, looking to live your best life, or switching careers. According to Leland Sandler, a leading executive advisor in the San Diego Biotech industry, even the most accomplished person needs an advisor to provide specialized guidance and boost performance. In this post, Leland will take you through the reasons for hiring an advisor for your career. But before that, he defines the role of an executive advisor.

Who is an Executive Advisor?

An executive advisory leader is an authority dedicated and uniquely qualified to support and counsel the highest level of executives, from small business leaders to CEOs leading large companies. Executive advisors help organizations to analyze, plan and implement dynamic business ideas and solve complex business challenges. Executive advisors working in the consulting industry, like Leland Sandler, specialize in developing leaders within the context of their job, position, and workplace while maintaining their everyday work responsibilities.

Reasons Why Hiring an Executive Advisor is Good for Your Career

Here are some of the reasons why you should hire an executive advisor for your career, according to Leland Sandler.

Improves Personal Performance

Multitasking is a critical skill every leader must have. However, it takes work to juggle five different things at a time, as it can easily overwhelm you. An executive advisor can help pinpoint your problems, avoid distractions, and focus on your goals. You may think you know yourself better, but what you don’t know is that the second pair of eyes can help you see even better, notes Leland Sandler.

Even the most successful athletes, business people, and famous singers rely on advice from professionals to improve and become even better. An executive advisor can read your fears, skills, weaknesses, and strengths to help you become a productive leader.

Helps You, Lead Teams, Effectively

To be a successful manager and leader, you must succeed at leading a winning team. According to Leland Sandler, having a big office, a fancy job title, or a dedicated parking spot can make you a boss. However, to be a leader, you must serve and guide your team in various matters. Your team should look up to you whenever there’s an issue.

You will inspire them to be better. When you’re a boss, you delegate and push people to do things rather than guide and support them. A good executive advisor will help you improve your leadership skills to lead teams effectively. They will teach you how to learn your employees’ strengths and weaknesses to determine their best roles.

Enhance Your Communication Skills

It’s almost impossible to be called a leader if you don’t know how to communicate with people at different levels. The most successful organizations have a solid foundation. Excellent communication skills allow you to communicate with others and convey your message. An executive advisor will teach you how to build rapport with your team and improve communication to help shift them toward the same goal. Even better, an executive advisor will teach you how to coach your team to reach peak performance that exceeds their expectations.

Provides Advice to Help You Tweak Your Thinking

To become the best at what you do, you need to inject fresh perspectives that allow you to pursue success on new paths. How you think can impact the outcome of your projects? If you cannot place your thoughts into an action plan, an effective executive advisor can help you align your thinking with your goals and desires to help you create and identify opportunities, work on them and become successful.

They have the skills to review your profile as a leader, uncover rigidities, and help you eliminate things preventing you from achieving your goals. Once you project your thinking into your goals, you unlock infinite potential. Leland Sandler suggests finding an executive advisor who can challenge you with questions to keep you active and motivated.

Assists You in Increasing Productivity and Profitability

Most managers and corporate leaders have one goal—to increase annual profits. You may be doing well doubling your profits every year, but did you know you could do much better if you involved an executive advisor? To increase profits, you need to have a productive team. You also need strategies that reduce running costs and improve marketing. An executive advisor is the best person to approach to point you in the right direction. They can challenge you to think more profoundly and create unique strategies and new opportunities for your company.

Black Friday Online Sales Spiked $9.12 Billion

Business establishments report more-than-expected sales from online shoppers this Black Friday despite inflation and high prices of products.

According to estimates, the sales reached around $9.12 billion. This marks the highest Black Friday sales since the pandemic’s start. Last year, businesses raked in over $8.92 billion during Black Friday, while in 2020, establishments saw a total of $9.03 billion in sales.

However, according to Adobe Analytics, the rise in total sales was due to the higher prices people must pay for the necessary services or goods they need for the holidays.

Adobe saw a significant rise in orders and purchases for Apple MacBooks and watches. These account for a considerable fraction of the 221% spike in electronic sales made online on Friday. Other items bought frequently include Xbox Series X, drones, and FIFA 23 and Pokemon Scarlet games.

Adobe believes that the discounts offered by many will remain over the weekend and the days following. Further, they expect people to spend around 8 billion more on Saturday and Sunday.

“While there is much speculation about inflation’s impact on consumer behavior, our data tells us that this Thanksgiving holiday weekend will see robust store traffic with a record number of shoppers taking advantage of value pricing,” said NRF President and CEO Matthew Shay.

“We are optimistic that retail sales will remain strong in the weeks ahead, and retailers are ready to meet consumers however they want to shop with great products at prices they want to pay,” he added.

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Others expected less spending on Black Friday

Before the holidays began, experts predicted people to spend less. But, as evident in the statistics in two years since the pandemic’s start, the sales were low. And as inflation looms over the holidays, people expect less-than-usual buyers to go into the marts.

The National Retail Foundation said the economy impacts the way shoppers spend. The current trend leads over 60% of shoppers to think this way. This marks the highest percentage since the Great Recession of 2008.

“Consumers want better prices, so they’re waiting on the sidelines. So it’s going to really boil down to whether the stores blink first or the retailers blink first,” said Krish Thyagarajan from DataWeave Analytics.

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Shifting to October

A firm said that while people prepare for their November and December spending, some of their expenditures shifted to October. However, stores saw a spike in sales as the holidays kicked in. This suggests that people were willing to spend more even with some of their already poured a month before.

“While consumers continue to save the bulk of their holiday shopping for later in November and December, some of that spending has shifted into October. This year, 18% of holiday shoppers have completed at least half of their holiday shopping. While this is on par with last year, it is up from only 11% a decade ago,” said Phil Rist.

“An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is almost 8 million more people than last year. And is the highest estimate since NRF began tracking this data in 2017,” said the NRF in a statement.


LGBTQ Community Mourns as Colorado Shooter Kills Five

An armed guy stormed an LGBTQ nightclub in Colorado and began firing on the customers, killing five and wounding around 19 others.

Anderson Lee Aldrich, 22, is now facing many accusations, including five counts of first-degree murder and five counts of bias-motivated crime. Following an emergency call, cops apprehended the man at midnight. The inquiry, according to Colorado Springs Police Chief Adrian Vasquez, is ongoing. Despite attempts at interrogation, the suspect refuses to give a statement.

“I haven’t heard that he has not been cooperative, just simply that he has determined not to speak to investigators,” said Vazquez.

According to authorities, the gunman was armed with two firearms: a pistol and a long rifle. Using the long gun, the suspect shoots toward the crowd. However, investigators are still uncertain where the suspect obtained the firearms. The proprietor of the Colorado club, Matthew Haynes, claimed he spotted the gunman walking in with “tremendous firepower.” At roughly 11:56 p.m., onlookers reported the situation and contacted 911; a minute later, police came and caught the culprit.

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Colorado incident’s hero

However, the cops applauded the army veteran who protected the bar patrons. When the incident occurred, Rich Fierro was the first to react and subdue the shooter’s spree. In an interview, he stated that his reflexes assisted him in dealing with the circumstance. However, he stated that defending his family and others around him drove him to face the armed man.

“It’s the reflex. Go! Go to the fire. Stop the action. Stop the activity. Don’t let anyone get hurt. I tried to bring everybody back. There were five people that I could not help. And one of which was family to me. I’m going to see that guy in court. And that guy’s going to see who did him,” he said.

“At least two heroic people inside the club confronted and fought with the suspect and were able to stop the suspect. We owe them a great debt of thanks. I have never encountered a person who had engaged in such heroic actions and who was so humble about it. He said to me, ‘I was trying to protect my family,” said Vasquez.

“He saved dozens and dozens of lives. Stopped the man cold. Everyone else was running away, and he ran toward him,” recounted the shop owner.

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The importance of the bar

Many victims’ families, acquaintances, and relatives flocked to the area following the tragedy. Given what occurred and the location of the incident, the resultant atmosphere was depressing. The homosexual club in Colorado provides a safe space for the LGBTQ community to express themselves. It also allowed straight people to witness the joy of engaging with the LGBTQ community. Unfortunately, the picture of freedom and enjoyment changed to one of grief and dread.

“In a world that can be so dark and so angry, it’s that one place that feels like home. We’re able to unwind and forget about our troubles with work, family, and society. Because of Club Q, we’re able to make friends that turn into family and be accepted for our true selves,” said Jewels Park.

“The LGBTQIA+ community has undergone so much bigotry and hatred already. To have our safe place ripped from us and to lose members of our community is a whole other type of hurt,” she added.


OECD says UK’s Economic Performance Poorer than Other Nations

In terms of economic performance, the UK trails other developed countries, according to the Organization for Economic Co-operation and Development (OECD).

According to statistics, the UK’s GDP decreased from 2019 to 2022 by 0.4%. On the other hand, OECD member countries recorded a 3.7% growth during that time. Except for the UK, all of the G-7 countries—which include Canada, Germany, France, Japan, Italy, the US, and the UK—saw economic growth. The bad administration of former UK Prime Minister Liz Truss worsened the UK’s dismal performance.

“We think this happens mostly because of investment and consumption. However, knowing the UK faces a difficult fiscal situation, we welcome what the government has done in the latest statement,” said Alvaro Pereira, the chief economist from the OECD.

“We think that it is very important to maintain fiscal prudence. And at the same time that you’re able to boost or try to introduce some kinds of reforms. To address some of the issues that have been plaguing the United Kingdom for a while. And that is very low productivity,” he added.

Jeremy Hunt, the UK’s finance minister, presented the country’s spending plan in response to the country’s grave economic circumstances. Contrary to Truss’s earlier proposal, which sparked criticism from the public and finally resulted in her departure, the new plan hopes to solve the country’s problem.

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OECD expects more issues

The Global Economic Outlook report from the OECD foresaw a slowdown globally next year. According to the analysis, a total rise of 2.2% in 2023 and 2.7% in 2014 will help the world economy avoid the imminent recession. Countries must commit all of their resources to resolve their present economic issues, according to OECD Secretary-General Mathias Cormann.

“(The) world is facing substantial headwinds and substantial risks over the horizon. (And) countries also need to take bold steps. To address some of the longer-term challenges to lay the foundation for a stronger and more resilient economy,” Cormann said.

“We are facing a very challenging environment. I think one of the most dramatic pictures we have in our outlook is exactly how much countries are spending. In terms of energy as a percentage of GDP. And you can see that right now for OECD countries. It’s close to 18%, which is as high as we’ve seen in the oil crisis in the 70s and 80s,” Pereira added.

“We are facing a very large energy shock right now, which is lowering growth at the same time that it’s fueling inflation.”

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The energy crisis

Global economic problems are made worse by the energy crisis. According to the OECD, countries would suffer severe consequences from the reductions in energy supplies if market prices surge.

“We expect that not only in the US but other parts of the world. So the decisiveness of monetary policy will start to have more and more impact. Therefore, our central forecast sees inflation peaking in many countries in the mid-half of next year or late this year. But mostly next year,” Pereira added.

“Particularly in 2024, we start having inflation rates much closer to target. So there is some light at the end of the tunnel. But we need not let go of monetary and fiscal tightening working hand in hand.”