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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.
John F. Dini, CExP, CEPA
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. Are you a Hunter or a Farmer?
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How prepared are you to exit your company?
The Assessment breaks down the four major categories of exit readiness; Finance, Planning, Operations and Revenue/Profit.
Tag Archives: entrepreneurship
The Brass Ring
A long, long time ago (I’ve actually ridden only one such in my lifetime) Carousels had a spring-loaded sleeve of brass rings protruding near the innermost (and least popular) track of horses. A bigger kid could lean out and yank … Continue reading
3 Responses to The Brass Ring
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Hunting vs. Farming
At the family gathering, you are being introduced to a distant cousin you haven’t seen since childhood. The introduction usually includes your status as a business owner. “Do you remember little Cousin Bobby? He owns his own company now.” Or … Continue reading
One Response to Hunting vs. Farming
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Great advice; I’m tempted to pass it along to the entrepreneur I’m employed by. He is seriously conflicted, loves the “hunt”, as he should, but micro-manages “farms” his staff to the point of self destruction.
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Tax Deductible- So What?
We have done ourselves a disservice as business owners. Too often we have justified an expenditure to non-owner friends as “tax deductible” to show how clever we are. In doing so, we have confused the public. They see the Federal … Continue reading
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2 Responses to Another Lost Generation?
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Thought I would use the conventional method and mix it up. Excellent article. Hopefully, the readers will have enough experience to appreciate it. Go Giants.
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John,
While it might be true that millenials work longer, is this a manifestation of the the experience curve, learning the ropes, etc. Perhaps the working for less is a case of “you get what you pay for”?
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A Return to the Handshake?
There are five words that strike fear into the heart of every business owner. They are “Let me call my lawyer.” I’m not talking about threats. If I had a nickel for every person who threatens “I’m going to call … Continue reading
2 Responses to A Return to the Handshake?
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Well said! I can’t tell you how many times I’ve let people know that my handshake is my contract and my work is my signature.
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I agree. A clear statement of what we both agree needs to be accomplished is great. I find an hourly rate with a guess as to how many hours works well. It allows you to change the scope without anyone getting concerned. It protects the provider and assuming the consultant does not draw things out, usually the client gets the project cheaper because no fudge factors are added into the price to cover the unexpected.
Thank you for your articles. I really like Awake at 2 o’clock in the Morning. That is when I started reading your articles. My husband and I were born about 10 and 8 years respectively before the Boomers. Because we were young children when this started, we didn’t really know what was happening. I would sure like to play catch up now and prepare for the scoietal changes that are coming.
Very well researched article. Thank you Babby Boomers!
You final sentence is spot on. Government regulation is moving small business owners back toward the corporate environment to secure health benefits and retirement plan opportunities that they can not afford as business owners. Corporations benefit from seasoned experienced small business employees closing the door to many college graduates.