Tip #44 – Business Owners Who “Draw a Line in the Sand” And Refuse To Update Their Operations.

Successful business owners are always learning and finding new ways to improve their operations.

But business owners who “draw a line in the sand” and close the door to new methods, new technology and updated equipment can see a drop in market position, revenues and profitability.

As a result, buyers for these businesses will only offer a discounted price, and oftentimes a heavily discounted price.

2012-06-12T15:01:46-07:00June 12th, 2012|Maximizing Business Value|
Read More

Tip #40 – Why Don’t You Mind Your Own Business!

40_mind_your_own_businessBelieve it or not, there are many companies who are doing just fine out there, thank you very much.

Business owners can’t dwell on all the troubling headlines and negative news coming out of Washington.  They need to focus on their own business, on their products and services, on their market.

They might have to look outside their own four walls and find out what the  thriving companies are doing.  Business owners  may need to diversify their offering, reinvent their business model, make some bold decisions and be […]

2012-02-14T00:02:08-07:00February 14th, 2012|Maximizing Business Value|
Read More

Tip #10 – Where are the Business Financials?

10_round_up_financialsIf business owners do not have all their financials and tax returns at their fingertips (and many don’t), it usually means they don’t refer to them to effectively manage their operations.

It can also mean they don’t understand them. Business owners should regularly review their financials with their accountant and other advisors to do the proper planning necessary for a successful business.

And when it comes time to seek financing or sell the business, these all-important report cards must be immediately available.

2009-03-10T00:01:59-07:00March 10th, 2009|Maximizing Business Value|
Read More
Go to Top