Tag Archives: Small business owners
There is a missing piece in the way small business owners acquire knowledge. Why is there not a structured and scientific experiential learning model for existing small business owners? Continue reading
I am fortunate that my position as a business advisor allows me to observe how business is going across a number of industries. Many recent events are quite encouraging! Continue reading
Family and business can be like oil and water. The two dynamics are often complete opposites. Here are some tips to help deal with the challenges that are unique to family businesses.
Family decisions can be completely emotional – Business decisions can be unemotional.
As a business advisor, I have noted time and again that effective employee communications in a small business can increase efficiency and create value within the employee-employer relationship. Continue reading
Aspiring small business owners have a lot of fears about what could go wrong. So I share the “learning to ride a bike” analogy. I suggest it’s like they have a bike sitting in the driveway and they want to learn how to ride it. They have walked around it 20 times. But they are afraid to get on the bike! Continue reading
The purpose of a mission statement is to clarify and communicate what your business stands for. It states what you believe , and why. It should not be confused with a vision statement. A vision statement defines the future goals … Continue reading
If you feel paralyzed by the daily demands of running a small business, consider the following three ideas to make time for business strategic planning. Continue reading
Making a small business profit is not the same thing as having cash on hand – or your business cash flow. My advice for small business owners: Cash is king! Cash is what enables a business to pay its owner’s … Continue reading
In the old days, your business was either a “product” based business or a “service” based business. The traditional furniture store sells a product: furniture. The traditional law firm sells a service: the lawyer’s time. To be a successful furniture … Continue reading
Creative stimulus occurs in the strangest places. A few years ago, I was visiting the Grand Canyon with my mother. In our conversation, we discussed the nursery school she runs back in my home town. We both came to an … Continue reading