Tag Archives: small business advice

An Army of One

Hollywood has done an excellent job of defining what it takes to be an action hero. George Smiley, the grey civil servant of John Le Carre’s spy novels, is a protagonist, but not a hero. Heroes are cast in a distinct … Continue Reading

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Choosing a Buyer for Your Business

You may be questioning this title. After talking in depth about the shortage of buyers over the next 10 years, the differences in values and work habits of Generation X, and the competition for ambitious people from better financed and … Continue Reading

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Beating the Boomer Bust

We’ve looked at the coming generation of business buyers, and many things about that picture aren’t pretty. When I present to business owners about the Boomer Bust, this is around the time that someone in the audience says “So, are we just … Continue Reading

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The Gen X Business Buyer

Generation X’ers aren’t mini-Boomers. Raised in a rapidly growing economy by parents that approached child rearing as a competitive activity, they saw more, did more, and were given more than their parents could have dreamed of. I took my first … Continue Reading

Posted in Building Value, Business Perspectives, Exit Options, Exit Planning, Selling a business, Strategy and Planning | Tagged , , , , | 3 Comments

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

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Outsourcing America

The Baby Boomers created seismic shifts in American culture and economics throughout their lives. Their mere numbers caused much of the shift, but their competitiveness and commonality enhanced the impact at every stage of their lives. In the mid 1960’s, … Continue Reading

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Work-Life Balance

The term “Work-Life Balance” is widely cited as first occurring in the United State in 1986 in a research paper. I can’t identify the specific source of this much-referred usage, but it is telling that it would pop up when the last … Continue Reading

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The Approaching Tidal Wave

A year ago this month, I began speaking to business owner groups about “Beating the Boomer Bust.” Since then I’ve delivered the presentation over 20 times, both locally and to national groups, and the requests for it are increasing. It’s … Continue Reading

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Are Mistakes Good?

“Experience is a dear teacher, but only a fool will learn from no other.” Benjamin Franklin Business owners learn a lot from their experiences. As a friend says, “Experience is what you get when you don’t get what you want.” … Continue Reading

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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

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Turning Plans into Realities

We’ve discussed some simple steps to getting started on your annual business plan. (see previous post: The Seven Questions of Simple Planning). Once you have the questions answered, you can begin moving towards the actions that transform your plans into … Continue Reading

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The Seven Questions of Simple Planning

The Creation In the beginning was the plan And it sprang from the assumptions And the assumptions were without form So the plan was void of substance And darkness fell upon the face of the workers   And the workers … Continue Reading

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