Are you squeezing all the juice out of the fruit that is your business?


Over the past 30+ years, I have completed valuations for thousands of small businesses. I have seen businesses rise to the top and become successful beyond the owner’s dreams. I have seen many seemingly great businesses with passionate owners fail. It’s hard not to question why. Running a business is tricky. There is no cookie-cutter [...]

Are you squeezing all the juice out of the fruit that is your business?2020-10-14T15:11:20-04:00

Your Business Needs an iPhone™ Update


You open up your iPhone™ to a new notification: YOUR PHONE IS IN NEED OF AN UPDATE. But you can’t update it now. At least that’s what you tell yourself. You need it now to check that important email or play that last round of Candy Crush™. After a few weeks, you begin to [...]

Your Business Needs an iPhone™ Update2020-10-08T10:45:52-04:00

Poll of ESOP companies and professionals September 2020


I found the results of our poll last week of ESOP companies and professionals surprising and somewhat pessimistic. Our respondents believed ESOP companies would fare slightly worse than their non-ESOP competitors with a respondent’s rating of 2.3 out of 5.  The National Center for Employee Ownership (NCEO) in a 2013 study found that [...]

Poll of ESOP companies and professionals September 20202020-09-22T11:43:54-04:00

Time: A Four-Letter Word or Your Best Friend?


"You built your business by ignoring time, letting the clock tick while you worked to midnight and beyond, setting aside the other demands in your life." In clicking around the Internet for inspiration for an article to write that will be useful to business owners, I was struck by the number [...]

Time: A Four-Letter Word or Your Best Friend?2020-05-12T09:19:15-04:00

ESOPS and the Smaller Business


How Does an ESOP Work? Updated October 2019. The original article was updated for clarity and relevance. An ESOP is an employee benefit plan which, through a trust, owns stock in your company for the benefit of the employees. It is seen as a great motivating tool for employees to be more productive and to [...]

ESOPS and the Smaller Business2020-04-23T06:28:05-04:00

Top Ten Concerns of Small Business Owners


According to a 2019 survey* of 500 small business owners in a variety of industries, their top ten concerns are:  1  Making enough money  54%  2  Attracting customers  45%  3  Having enough time for everything I have to do  35%  4  Retaining customers  32%  5  The economy  31%  6  Cash flow management  22%  7  Controlling [...]

Top Ten Concerns of Small Business Owners2020-04-23T06:28:13-04:00

Exploring the Importance of Manufacturing to the Economy


 A while back, we posted an article on how manufacturing in the US has changed in the last 20 years.  Two major points were raised: technology replacing labor and the offshoring of production. Efforts are underway to revitalize manufacturing in the US.  Let’s look at what the numbers demonstrate. The Bureau of Economic Analysis, the [...]

Exploring the Importance of Manufacturing to the Economy2020-04-23T06:28:20-04:00

1440 and the Power of Productivity


Productivity experts hold the number 1440 on a banner and wave it high.  Why?  1440 is the number of minutes in a day. Lost wealth can be re-earned.  Lost health can be recovered.  Lost relationships can be repaired.  But time is something you can never recoup. To achieve the most productive day, many experts put [...]

1440 and the Power of Productivity2020-04-23T06:28:30-04:00

Top 10 Characteristics of an Entrepreneur


I hurried into the local department store to grab1 exam 70-483 dumps some last minute Chirsmas gifts. I looked at all the people and grumbled2 to myself. I would be in here forever and I Examtestview Examtestview just had so much to do. Chirsmas was beginning to become such a drag. I kinda wished that [...]

Top 10 Characteristics of an Entrepreneur2020-04-23T06:28:48-04:00

Recession Survey Results


As promised, we repeated our economic survey to compare results between December 2018 and today.   In December, we noted: More than a third of top economic forecasters now predict a U.S. recession in 2020.  Some pundits and politicians are predicting a recession as soon as 2019. A few say a recession’s not happening any [...]

Recession Survey Results2020-04-23T06:29:00-04:00