The one thing I’ve always wanted in every business I’ve run is predictable costs. For the most part we have been able to figure out what those are. Then, there are those times when we get a bill or expense out of the blue. I bet you’ve had them, those strange expenses. You might even have thought that you were done with that expense, and then another one for the same amount shows up the next year. I bet you are saying to yourself that you hate … [Read more...]
The Bezos “70% Rule” For Decision-Making
I have a silly habit. I like to study how successful CEO’s, especially founders run their companies. Jeff Bezos has been someone I’ve been fascinated by for a very long time. In today’s video we’re going to talk about how Jeff Bezos’ 70% rule can be used in your company. I’m sure you’ll find some interesting ideas today. Transcript You know, I have the silly habit. I like to study how successful CEOs, especially founders run … [Read more...]
Who’s The Hero In Your Company Story?
One of the things I like to do is ask people to send me their websites when I connect with them on LinkedIn. I do this for two reasons. The first is I want to learn more about their business and second, I want to see how they present themselves to the public. The second part is more a curiosity and a way for me to gain insight to what business owners think is a good way to present their company to the world. The unfortunate thing is many of … [Read more...]
Financial Freedom in Three Easy Steps
Today we’re going to talk about financial freedom from your business. If you are worried about whether you’ll ever be able to retire, you don’t sleep well at night because of worrying or you always feel like you’re short on cash, this program might just the be the ticket for you. Unfortunately, or maybe fortunately, I’ve been in the position more than once in my life where I’ve been chronically short on cash, both personally and in my … [Read more...]
How Happy Are Your People?
I’m a big fan of what’s called SCRUM. This is one of the many process improvement methodologies and strategies that we can use to create a business with an unfair advantage. If you haven’t heard about SCRUM, that’s OK. There are almost no blue collar business owners who have. The funny thing is those who have heard about it and have implemented the strategies outperform their peers by a factor of two or three times. That alone is a good reason … [Read more...]
Marketing Is Not An Event, It’s A Process
Too often I see marketing treated as an event that happens and not a process. The truth is marketing isn’t really an event, it’s an ongoing thing that needs to be tweaked and continually improved. I want you to be a marketing ninja. that means you’ll need to continually look at what’s working and more importantly what’s not working. When you find something that’s not working in the words of the famous Bob Newhart, STOP IT. I know from first … [Read more...]
Loneliness Is One Of The Worst Parts Of Leaving Your Business
Today we’re going to talk about a topic that you usually don’t see when you’re consuming content about leaving your business. Usually you hear about the technical things the have to happen to your business to make it sale ready. If you watch our videos for any period of time you’ll see that we often talk about the technical side of a business sale. At the same time, the part that causes the most problems when it time for you to actually leave … [Read more...]
What Is Your Company Worth?
A question I’m often asked is how much is my company worth? The sad answer usually is a lot less than you thought. Here’s the spoiler. Your company is worth what someone would be willing to pay for it. When we help owners put together a sale ready company the goal is to get the business to have a value that fill the owners financial needs, or at least what the business portion of those financial needs has to be. This week’s video is all … [Read more...]
Be A Process Control Geek
I admit it, I’m a process control geek. It all started in 1986 when I discovered W. Edwards Deming. In case you don’t know who he is, he’s the father of the process improvement and quality control movement. All of the strategies to take waste out of your process flowed from his thinking. This includes Lean Manufacturing, Six Sigma, Agile thinking and The Theory of Constraints. When I first discovered Deming I was thinking too big. I bet this … [Read more...]
How I Hold Myself Accountable
For years I’ve told you how I consider myself to be a lazy person. This doesn’t mean I’m not busy and it doesn’t mean I don’t work pretty hard. What it does mean is that I’m always looking for the easiest way to get from point A to point B. If you would like to join me in my quest for becoming a lazy business owner here is one thing you need to do. You need to have a method for holding yourself accountable. I know, you might want to push … [Read more...]
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