There are no "rules of thumb" in the pursuit of companies to buy. Each purchase opportunity has to stand on its own merits. There are, however, attributes of acquisition candidates that need to be defined for what they really are before additional, limited resources are put at risk in a... Read More
Cassy was an employee of a nonprofit who had been at her job 5 years. She came to me because she felt that the organization she was working for didn't value her and was upset because others had been promoted but she had not.By the time we began to work... Read More
If you are a successful franchise of a large franchise brand or chain, chances are you will wish to expand. The most important thing to do is make sure you are on the most positive terms with your franchisor. You should tell your franchisor at the earliest point of your... Read More
If you are in the parking business and own or manage parking lots you may want to think on some additional concepts to increase lot revenues. Whether you are looking to add value for your customers, expand your customer base, or simply increase your revenue, the addition of a car... Read More
The decision to sell, or not to sell your business is a difficult one. There are many questions that need to be answered before an informed decision can be made. Is selling your best alternative? Will one of the kids want to take over the business? Timing is everything. Is... Read More
The trick is to determine what uniquely identifies your best customers. Fortunately, deriving this information is not difficult, and in many cases can be obtained from innocuous questions. Consider a manufacturer of baby goods and the fact that families with new babies often purchase multi-passenger vehicles. This manufacturer could build... Read More
If you've ever listened to Warren Buffett talk about investing, you've heard him mention the idea of a company's moat. The moat is a simple way of describing a company's competitive advantage. A strong competitive advantage, or a wide moat, gives a company sustainability, which, as investors, we're highly interested... Read More
I've either been involved with or held a process-related role since 1994. It started in the government with TQM (Total Quality Management). Then before I left the government, I worked with ERWin and some process standard model -- I've forgotten its official name. We had pages and pages of flows... Read More
One of the most powerful driving forces in human nature is competition. The desire to overcome something or some company, the need to win, the cause, can in many cases be more important than the day-to-day work of the company.If your company and your people are to ever reach some... Read More
Let us look at a few of the big distribution networks in the US that we use today. The US Post Office for instance is a huge complex chain of symbiotic relations ships with vendors to deliver by truck, work with FED EX for air, previously that airmail idea started... Read More
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No "meme" isn't a typo and Got Milk, the more... Read More
In 1989, Sony founded its Institute of Wisdom at the... Read More
No matter what business you plan to start in your... Read More
"I don't need a business plan."Neither did Alice in Wonderland."Would... Read More
Many of us are discouraged by the networking events that... Read More
Have you been in a "brainstorming" session where each person... Read More
Business seems to drop, slow or even stop during the... Read More
Entrepreneurs often give little if any consideration to their computer... Read More
If you're a solo professional like I am, you know... Read More
Many cities have home pages on the Internet. Many of... Read More
While writing an article recently on effective ways to bridge... Read More
With a heightened awareness of opportunity, ideas can often be... Read More
I am surprised how few sales professionals, independent consultants, and... Read More
Twice a year, Bill Gates goes to a remote island... Read More
With the help of balanced scorecard strategy map, it is... Read More
1. Attempt Succession Planning Without Other Strategic Plans. Succession plans... Read More
Succession planning requires the owner of a small or medium-sized... Read More
"Bozo" ? A clown with a forlorn look, always finding... Read More
Q: A key investor in my business has suggested that... Read More
Want to become more strategic? Add these traits to your... Read More
Microsoft Great Plains does wonderful ERP job for horizontal markets... Read More
Business planning is widely acknowledged as one of the keys... Read More
Please take a moment before you read any further and... Read More
Last week we talked about a few of the ways... Read More
The current state of the available technology at the disposal... Read More
Fun From The StartFor those with the will to start... Read More
How are you feeling today? Good, not so good, great?... Read More
These may sound like no brainers, but you'd be surprised.... Read More
Microsoft Great Plains fits horizontal markets clientele and in case... Read More
There is so much small business information available today that... Read More
A well known, national chain of restaurants discovered that certain... Read More
Microsoft Great Plains fits multiple services market niche and healthcare... Read More
Writing a business plan is no easy task, sure you... Read More
Can you imagine going on a road trip without knowing... Read More
1. Attempt Succession Planning Without Other Strategic Plans. Succession plans... Read More
There is a story, about a business owner who wasn't... Read More
Many cities have home pages on the Internet. Many of... Read More
Please take a moment before you read any further and... Read More
Last week we talked about a few of the ways... Read More
What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew... Read More
Microsoft Great Plains, former Great Plains Dynamics is excellent fit... Read More
As fast as you can say business disaster, your business... Read More
I love the excitement of starting up a new home... Read More
Is there a 'magical' way to exponentially grow your business?It's... Read More
Business owners and entrepreneurs are, by nature, risk takers and... Read More
With the help of balanced scorecard strategy map, it is... Read More
Do you work in or own a business that's affected... Read More
The boom of the dot-com era in 1999 brought the... Read More
We have been spending many hours surveying the market for... Read More
Businesses tend to avoid doing their annual business plan thinking... Read More
Anyone who has been watching the Idaho Market Carefully for... Read More
When developing the competition section of your business plan, companies... Read More
Although North Americans were the dominant population on the Internet,... Read More
Succession planning requires the owner of a small or medium-sized... Read More
Where would your business be without a proper plan? A... Read More
If you're a solo professional like I am, you know... Read More
Mobile auto detailing equipment becomes very inexpensive around March each... Read More
GETTING STARTED WITH SUCCESSION PLANNING: PART IA survey of 4,300... Read More
From time to time there seems to be a flurry... Read More
Why cut costs now? Efforts are multiplying to cut costs... Read More
The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating... Read More
How you finance the expansion of your business is important.... Read More
Business plan financial projections seem daunting because they are so... Read More
No matter what product or service you provide you will... Read More
I read once that something like 30 percent of all... Read More
A well known, national chain of restaurants discovered that certain... Read More
Strategic Planning |