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As a business owner, you know what it’s like to lie awake at 2 a.m. Maybe it has happened when you are excited and full of new ideas for your business. More often, it’s because you are worried about issues you will face the next day. Sometimes, it’s because you just woke up with the solution to a problem. I’ve experienced all those emotions about my businesses over the years. Awake at 2 o’clock? is where I share them with you, and hopefully help with answers that will let you sleep.
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Category Archives: Exit Options
The X Factor
There are two sides to every business transaction, a buyer and a seller. For most of the last 50 years in America, the Baby Boomers have been the biggest buyers in history. They bought homes and cars to spur the … Continue reading →
Posted in Exit Options, Exit Planning, Exit Strategies, Thoughts and Opinions
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Tagged Baby Boomers, Boomer Bust, business strategy, small business advice
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3 Comments
The (pen)Ultimate Hire
Every sane business owner will acknowledge that there is a point at which his or her own skills are no longer sufficient to grow the business beyond its current level. The revenue point where that happens differs by industry, but it frequently begins at … Continue reading →
Posted in Building Value, Entrepreneurship, Exit Options, Leadership, Management, Uncategorized
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Another Lost Generation?
I had the opportunity to present “Beating the Boomer Bust” twice this week, one of which was recorded for a Texas Public Radio show this weekend. For those who aren’t familiar with the piece, it discusses the massive changes that … Continue reading →
Posted in Exit Options, Exit Planning, Management, Thoughts and Opinions
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Tagged business strategy, employees, entrepreneurship, management
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2 Comments
Three Circles of Family Business
What is a “Family Business?” A large percentage of small companies have some family involved. For most, it is simple a case of providing employment to family members. If the founder of the company is also the principle revenue generator, … Continue reading →
Posted in Entrepreneurship, Exit Options, Exit Planning, Leadership
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Tagged business ownership, family business, small business advice
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3 Comments
Lifestyle or Legacy – Part 4
Last week a client told me “You are wrong. I have a lifestyle business that is ALSO a legacy business.” Sorry, but that doesn’t fly. He has built a good company, and continues to improve it. Be he is not driving … Continue reading →
Posted in Exit Options, Exit Planning, Exit Strategies, Leadership, Life After
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Tagged business ownership, business strategy, leadership, small business
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