One of the things about most small businesses, especially successful ones, is they get complacent over time. In a company, people work really hard for 10 or 20 or 30 years, and they finally achieve lift off, and they grow from being a marginal, barely profitable, sort of subsistence family business, at say five million
Many of us, as business owners, don’t really know how to take time off from work. We say, “I’m going to the beach,” but first thing every morning we check our emails, call the office, etc., and that’s not really a day off. If you’re working at all, no matter where you may be, it’s
A business is like an orchestra. Most businesses start out as a soloist. There is someone who is very good, who then surrounds themselves with a few others like them and creates a small ensemble. This ensemble is made up of several stars that agree to play together with some loose direction. But to really
Here is some very powerful insight from the credit industry about how we should position our organizations for rough times. Many small businesses just do not understand the importance of a strong credit relationship. We need to have a very deep relationship with our banker and vendor partners so we have some breathing room to
Every business owner should make sure to prepare their personal disaster recovery plan. This plan should say what happens to their business when something happens to them. No one wants to think through the things that can happen. Death is the obvious one, but what about an extended illness, even a short term illness, or,