Succession & Transition Planning
November 17, 2011
When I bought my first Prius, I thought I was rare. One of those people who care enough about the environment to put their money where their mouth is. However, almost immediately I became aware that there were a lot of Priuses on the road. I was no...
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October 24, 2011
American writer, Eric Hoffer said, “You can never have enough of what you don’t really need to make you happy.” Most of us would agree that money doesn't buy happiness. Studies have shown that once you attain a certain income, getting more does...
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September 7, 2011
Throughout history, humans have used leverage to ease their burdens. Applying the physics of leverage, an average person can move loads many times his own weight, thus in ancient times the Pyramids, Stonehenge, and the aqueducts were built using huge...
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August 17, 2011
You may be in limbo about what to do with your business. Do you sell it to a stranger, a supplier, a competitor or your employees? Do you sell it or give it to a family member? Do you just keep it and continue to harvest the income while someone else...
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June 29, 2011
I am by nature an optimist. I think most entrepreneurs are, otherwise they would never go out on a limb and start a business. But things can go wrong; and, as you approach the final stretch leading up to retirement or selling your business, things ma...
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June 1, 2011
One of the most important decisions a business owner or corporation makes is who will be the next CEO. Businesses that will survive and thrive have a successor prepared to take over at a moment’s notice in the event of a premature exit of the curre...
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July 1, 2010
A company’s value is enhanced by evidence of customer satisfaction − the customer list and the level of loyalty, repeat business and customer contracts that provide a steady cash flow.
Even if you don’t intend to sell your business right awa...
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January 1, 2009
Recently during a business owners’ seminar, the speaker asked the CEOs in the room a profound question. “Are you self-employed or a business owner?”
We all puffed up our chests just a little and said, “We’re business owners.” He then w...
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July 1, 2008
Recently, I was inspired by the story of a man who owned a very successful business that had grown exponentially over the past few years.
He had been working seven days a week, ten to twelve hours a day and, he complained to his business coach abo...
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April 1, 2008
“I can’t see myself retiring. My work is my life. I plan to keep working till I die. I want to go out with my boots on.”
I’ve heard variations on these statements from many entrepreneurs I’ve worked with over the years and I’d have to ...
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