There’s no such thing as a “self-made” business owner. The mere notion of the self-made man — someone who came from nothing, had a big idea, exploited it entirely on his own, and now has it all — is mostly an American myth. Sure, successful entrepreneurs and business owners are smart, opportunistic, perceptive, and adept […]
When planning next year’s budget, look to the future and never dwell on the past. Good strategy requires good numbers—it’s just that simple. It’s impossible to look at the big picture without making reasonable assumptions about where, how, and when cash will be coming in, and where, how, and when cash will be required. That’s […]
Remember: One day, you will leave your business.
If you think that an inside ownership transfer your business to your children or management team is inherently risky, you’re right.
To retain key employees, the best business owners install Employee Incentive Plans that motivate them to stay. Here are the four keys to success.
It’s the end of the year, which means you’re about to manage your fiscal year-end board meeting. Here’s what you should expect.
Even though your prospects may disconnect from the day-to-day emails and calls during the holidays, their social media accounts remain alive and active.
Reading and interpreting financial statements can be a daunting task for the spread-too-thin business owner. Here are a few steps to get you started.
An NFL prospect’s value is determined by his potential to help his prospective team win. Similarly, your company’s value is determined by the potential and predictability of its cash flow. The more potential and more predictable the cash flow, the larger the multiple of cash flow a buyer will pay for your company. Sometimes, but […]
In the competitive world of other people’s money, it’s a requirement that business owners treat their banker as a critical member of their growth team.