Every two years we get swept up in Olympics fever at my house, and I tend to get hit the hardest. Snowboard cross, skeleton, curling — I’ll stay up to watch it all. Over the past week or so I’ve also watched several bloggers attempt to make elegant tie-ins between growing an “Olympic” caliber business [...]
Early in my corporate career I was in a team meeting where the manager asked us all to answer the following question: what are you motivated by? Sensing a trap, I kept quiet and let my unsuspecting co-workers take the bait. It was only a matter of seconds before somebody wearing his Gordon Gekko hat [...]
When it comes to TV entertainment for business brokers there are precious few shows that people like me can really sink our teeth into. I watch ABC’s Shark Tank for the same reasons most people do, namely to laugh at the ridiculous valuations and live vicariously through the sharks’ snarky comments. The History Channel’s Pawn [...]
Following is a short recap of some of the best articles I’ve read recently on selling a business, buying a business, business value, as well as other useful nuggets of small-business wisdom. [Plus a photo from my travels around Main Street USA.] Business Transitions: It is Hard to Let Go Business ownership transfers are inevitable, [...]
When it comes to the process of selling your business, no phase is entered into with more dread than due diligence. I’ve heard a lot of colorful euphemisms for due diligence from business owners over the years. The most common has been to describe the experience as the business equivalent of a colonoscopy. Another analogy [...]
I was given the opportunity to contribute a Guest Commentary to this week’s edition of the Northwest Arkansas Business Journal. Following is the original version of my article addressing one of my favorite topics: managing your small-business as if it could be sold at any moment. If you were born after 1964, you’ve probably gotten [...]
The books are closed on 2013 and we’re already halfway through January. In addition to setting some of my own goals (alright, “resolutions”) for the coming year, I’ve read dozens of blog posts on the topic, including this one on why you should commit your goals to writing, this one on why we get sidetracked [...]
Following is a short recap of some of the best articles I’ve recently read on selling a business, buying a business, business value, as well as other useful nuggets of small-business wisdom. [Photos are from my travels around Main Street USA.] When Selling a Business, Don’t Waste a Buyer’s Time – This post addresses how to answer [...]
Selling something you love is difficult, but not impossible. Here are four things to keep in mind when you’re going through the process of selling your business — or anything that is dear to you.
A New York Times blogger writes about the sale of a business that ended in disaster. Despite all of the details provided, it’s hard to know exactly what went wrong and why. Regardless, it’s a great opportunity to try and learn from someone else’s experience and avoid repeating these three mistakes.