This is the time of the year when many individuals set their goals for the new year. Companies have already set their plans and target goals by now and will finalize them with some changes as the year comes to a close. Of all of the various goals set, I hope one of them is an increase in knowledge. … Read more >
Virtually every business owner that goes through an eventual sale of their company will encounter a process known as due diligence. A technical definition of due diligence is “research and analysis of a company or organization done in preparation for a business transaction (Merriam-Webster on-line dictionary).” Any potential buyer of a company will perform an extensive due diligence of the business that is being considered for the purchase. … Read more >
According to Merriam-Webster’s on-line dictionary a forecast means, “to calculate or predict (some future event or condition) usually as a result of study and analysis of available pertinent data; especially: to predict (weather conditions) on the basis of correlated meteorological observations.” We all know the importance of weather forecasts. Although not always one hundred percent accurate, timely forecasts of devastating tornadoes and hurricanes have saved countless lives by warning people ahead of time of potential destruction and enabling them to consider all options for survival, in the present, before the storms arrive.… Read more >
A primary goal of every business owner should be to maximize the value of their company. There are several key characteristics that companies of high and increasing value exhibit; however, it begins with excellent management and a skilled team. How do you know if a company has excellent management and a skilled team? … Read more >
I was intrigued by an article in the April 2014 issue of Inc. magazine entitled “35 Great Questions”. Asking the right question, and then forcing yourself to consider the correct answer or answers, is absolutely critical to business survival if subsequent action takes place.
Even before I begin my work with business owners, asking the right questions is essential to uncovering the true needs of their business. … Read more >