Businesses from startup to fully mature need both leading and lagging indicators to assess how they are doing and plot a new and revised course for the immediate and long range future. I prefer to think of KPI as either Key Performance Indicators (lagging) or Key Predictive Indicators (leading).
Many people are looking to buy or exit from a business with revenue from $2 million to $20 million. These are at the lower end of the middle market. I have seen it done very simply between a benevolent owner and an employee, as well as more formally when selling a 50-year business to those building a portfolio of business investments. At this size, it is still important to understand 7 key documents and processes. Unfortunately, too few companies are able to run this hurdle race and exit successfully.
7 Essential Documents When Buying or Selling a Business Read More »
Why wait till next year? I hope that this year has been good for you, your family, your career, your business. So much to do and so little time left. But, there is time to make the year end well, to spend time with family, and to prepare for an even better year in 2025.
No matter how you voted, we can all agree that something has changed and more change is coming. Are you ready? It is time to dust off your strategy for the next 5 years and make your own changes. If not, you will not achieve your growth goals, exit on your terms, and may end up closing your doors as is happening with so many restaurants, retailers, and other businesses.
“Times Are A Changin’” — Is Your Business Keeping Up? Read More »
You can’t become a better runner or swimmer without taking the time to practice and confer with others. So, what are you going to do to free up more time for yourself since you cannot create more time? No Time, No Effort, No Growth
No Time? Time is of the Essence. There’s No Time Like the Present. Read More »
What operating systems do you deal with at work and personally. Do you know what they are? How do you update them?
What is your own WHY.os operating system? Do you need a new B.O.S.S. as in Business Operating System Strategy?
An Update Is Available for . . . Read More »
1. Figure out your personal WHY.os, that of your leadership team, and for your company.
2. Join your PaC (Peer Advisory Council) to get continuing support.
3. Get Clarity on what your business looks like from the outside.
Don’t Get MAD—Get Even BETTER Read More »
A better way to make your point quickly is to simplify it and clarify at the end.
BLUF Your Way to Success Read More »
Manufacturing drives our economy and is fueld by small, privately held businesses. Leaders can benefit from Peer Advisory Councils with focus on their industry.
Peer Advisory Groups Focused on Manufacturing & Related Industries Read More »
After years of building your business, often from scratch, you’ve reached a point of satisfaction with the lifestyle the business is providing. BUT. For any business, growth is an imperative. If you ever hope to transfer the wealth of your business onto your personal account of net worth, you may well have some serious business
If you’re bored, it’s time to get a board Read More »
January is a good time to look to the future. It starts in the first week with the big CES show in Las Vegas where concept vehicles, prototypes of all sorts, and advanced ind advanced ideas for technology are…
Peer Into The Future Read More »
Ever had to wait for someone? But then, the reason for the wait turned out to be some preparatory activity the other person did that ends up making things more convenient or saving the day? If so, you…
Today’s blog is brought to you by the word, “CHARGE.” Those of us that grew up with Sesame Street or watched it as adults with our young children will recognize the opening to various segments. I was…
CHARGE Ahead. CHARGE it. Read More »
Wow! How much time, effort, and stress have YOU experienced in the last week due to the constant, almost continuous, innovation that requires you to update or upgrade something? Here are a few of the things I’ve experienced in the last week that have caused me to pull out a few more hairs, shout expletive
Innovation Impacts Updates Read More »
For decades now, a new idea, an innovation, has been represented by a light bulb, as if Thomas Edison was the only person to have a good idea. For some time now, I’ve been searching for something more “modern” to represent an innovative new idea.
Let’s Innovate the Innovation Icon Read More »
I suggest the golden rule still holds. Our parents quickly learn that we are different and God knows we are different. We want to be treated as individuals, so the golden rule recognizes that others also want to be treated as the individuals they are.
Are You for Thee or Them? Read More »
Are you “stuck” playing games with your family during this crisis? Don’t lose heart or get too board [sic]. I grew up playing games of all sorts. There were board type games (Pick Up Sticks, CandyLand, Chutes & …
My wife wants a new car, so we’ve stopped in to a couple of dealerships. I’ve checked on things online and looked at financing. My wife has asked for testimonials and referrals from friends. Some things that…
We’re All Buying All The Time—Who’s Ready To Sell? Read More »
