BUSINESS START-UP IS TOUGH ENOUGH W/O TRYING TO DO IT RIGHT

If businesses (other than restaurants and retail stores) really had to go through the ten steps listed on BuzzFeed’s Start a Business in 10 Not So Easy Steps, few would ever get off the ground. Most businesses start under the radar without trying to follow a governmental bureaucrat’s outline of the necessary steps. Below is […]

FINDING A GREAT BUSINESS FOR SALE IS EASY

I was recently asked, how do I find such great companies for sale? You may find my answer helpful. Prospecting for great companies has always been easy for me. I use primarily three methods to get on an inside track with potential sellers in a target industry. 1. Cultivation of centers of influence. Simply stated, […]

WHAT DEFINES A TRUE ENTREPRENEUR?

What is an Entrepreneur? Do You Qualify as One? Entrepreneur is one of the most over used and least understood words in the business lexicon. Entrepreneur has become a common descriptor for people who simply own their own business. They are called entrepreneurs whether they started the business from scratch, bought the company from someone […]

Find Capital – Ode to Blade of Grass & Your Business Success

Watch a blade of grass nestle into a crack in driveway pavement. Little by little it sets down its roots through substance seemingly impervious to its fragile hair-like tissue. With little more than vapors stolen from air… and sunlight grasped as it would stream by… this wonder of nature plants itself firmly in concrete. And […]

COSMIC BOND – A GREAT QUESTION DESERVES A GREAT ANSWER

I am frequently asked, especially by people from the real estate field, “How do you buy a company, finance all of the assets with a first lean to the asset-based lender and still secure the note to the seller in the case of default… and make him feel OK with the whole process?” That is […]

CONTROL WHEN THE LAW SAYS YOU CAN’T HAVE CONTROL!!!

In a many countries outside the US, national governments try to protect their citizens and economic interests with requirements that businesses operating within that country must be majority owned by citizens of that country. This presents a challenge for non-citizens of the country trying to set up a business in which they will have control. […]

COLLECTION TACTICS- THE CHECK IS IN THE MAIL

This blog is about putting your collection efforts on steroid, converting your accounts receivable into cash in the bank…quickly.   PROBLEM: In today’s business world, most confrontational collection methods don’t work. Litigation is very expensive, and many debtors know that creditors won’t sue to collect on relatively small amounts. Collection agencies will send out a […]

Keys to Wealth – Choose Your Business Field Wisely, Grasshopper

Each time you complete an assignment, feel free to turn it in and I will review it and give you any appropriate comments. I recommend that when selecting fields for going into business that you seek a field that best answers the following questions in the following order of importance. 1. What is your passion? […]

VISION STATEMENT – WITHOUT VISION THE PEOPLE PERISH

Creating your vision statement is the single most important step that you will take in the building of your enterprise. It will become the seat of your power by which you transform your thoughts into material form. Here is a process that can empower you to move mountains.   Suspend for the moment all disbelief, […]

BUSINESS OWNERS, WOULD YOU RATHER BE RIGHT OR RICH?

One of the earliest lessons my dad taught me was, that in business, “the customer is always right.” “But, dad, he messed the carpet up himself,” I said. “Yes son,” my dad replied, “but we’re in the floor covering business, and the customer gets to choose to buy from us or a carpet store down […]