Tag Archives: entrepreneurship

When a Good Employee Fails

One of the most difficult challenges facing any entrepreneur is correcting a prior promotion that didn’t work out. Sooner or later it happens to every business owner. You promote employees because they’ve worked hard, were senior in their position, or … Continue Reading

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What are We Afraid Of?

Last weekend I took my sons to see “Battle for LA.” It’s a WWII infantry movie. All the great lines. “Go on without me.” “Mickey can hot wire that; he’s from Jersey.” “Your father was a very brave man.” Nowadays … Continue Reading

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Recessions, Recoveries Bring Out the Sharks

This article appeared in the San Antonio Business Journal on Friday, March 4th A number of our business owner clients have been calling lately to ask about an offer that seems too good to be true. The owner gets a … Continue Reading

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Lifestyle or Legacy – Part 3

Let’s turn to the Legacy Builders.They are the business owners who have achieved Lifestyle status (as defined in the last posting) but continue to work hard to build their businesses. Their objective is a company that does far more than … Continue Reading

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Lifestyle vs. Legacy – Part 2

Let’s define a lifestyle business. For our purposes, I’ll start with what it isn’t. It’s not the small retail store being run by someone who doesn’t need the money. A few years ago I was on a judging panel for a … Continue Reading

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Lifestyle vs. Legacy – Part 1

There are three types of business owners. The first, which encompasses the vast majority of small businesses, is the one who simply wants to make a living from running his or her business. They dream of the day that they … Continue Reading

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Entering 2011: a tale of two economies

In January of 2009 I blogged here titled “The Strategic Triple Threat” At that time, Congress had just passed the TARP act, saving the world from financial meltdown. The Federal Reserve was predicting a short recession followed by a resumption of historical … Continue Reading

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From the Small Business Advocate newsletter

This is from Jim Blasingames “Small Business Advocate” newsletter, and is based on a show we did last week. If you don’t get Jim’s newsletter, or want to hear the show, I strongly recommenfd that you go to http://www.smallbusinessadvocate.com/ Here is … Continue Reading

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Losing Your Mind

All of us who are business owners know how tough it is to run a business. Most of us have long ago gotten past the ego part of owning a company. Sometimes I’m really surprised at how that affects folks … Continue Reading

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A New View of Who We Are

The economy has experienced 5 consecutive quarters of growth. We are officially more than a year past the end of the recession. I’m guessing that you, like me, responded to that fact with something like “HA!.” We all still feel … Continue Reading

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In the long run

I met with a business owner the other day who has experienced a particularly difficult year. A confluence of economics, technology and criminal activity in his industry has kept him working long hours, with relatively little to show for it. He … Continue Reading

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It IS all about you.

Why did you want to own a business? If you believe the textbook definition of an entrepreneur, it was to leverage capital and other resources to create wealth. That probably applies to about 5% of us. Or, you might have started … Continue Reading

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