Blog

Gordon blogs only when he sees a need either among our members or within a business transaction in which he is personally engaged. Content rich and highly insightful, Gordon's blogs are like an advanced course in business success.

Getting Government Regulators Off Your Back

Nothing frustrates a business owner more than an inspection by a government regulator, especially where the written report finds significant violations of hard to understand or vague “breaches of regulations.” Confrontation between an entrepreneur and a regulator is most often followed with the bureaucrat inclined to show the business owner or management how powerful he…

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SO MUCH TO DO, SO LITTLE TIME

Every week I receive more than a dozen requests for a personal meeting. Despite my current work week of about 70 hours, it is no longer possible for me to honor the vast majority of these requests. In the last few years, I’ve had to become extremely disciplined about how I invest my time. I'm…

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BUY or SELL AMAZON STOREFRONT COMPANY

Below are 27 factors that comprise an algorithm which National Diversified Funding Corporation uses to calculate the purchase price (valuation) of Amazon storefront type companies for sale. Why are these 27 factors important? It's not enough to say Amazon storefront companies are valued at four or five times EBITDA (Earnings Before Interest Taxes Depreciation and…

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Business Profit and Risk in the 21st Century

There is a chasm between the ways wealth was created in the 20th versus the 21st Century. In the 20th, it was essentially invention of devices followed by well managed traditional assets, (real estate, plants, machinery, equipment etc.) leveraging large labor forces. In the 21st, it is development and management of intellectual property leveraged through…

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No Green Card? No Problem!

Just because the cards are all stacked against you doesn’t mean you can’t prosper.   In the US on a student visa from Ghana, Zak Senanu could not be legally employed. Zak found himself in dire need of more money for college and living expenses, but didn’t want to do anything illegal.   Zak tripped…

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Start a Business While in College and Get the Girl

I received and email from a college student who wants to be an entrepreneur. He was concerned that after graduation it would then take years to get the operational experience he believed would be necessary to start or buy his own business. Here is the pertinent portion of my response to him. I started a…

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START, BUY, EXPAND A BUSINESS – REAL MARKETING DATA – FREE

Who is your customer? What is their income level? Age? Gender? Family status? Race? National origin? Industry & Occupation? How many and where do they live? Trends over time? These are just some of the elements that form the basis of evaluating the marketplace you intend to master. When starting, buying or expanding any business,…

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START A BUSINESS - RESCUE YOURSELF WHEN YOU'RE FLAT BROKE

So your business failed. You have no income. Every dollar you had was invested in your business and it’s gone. Maybe you have bill collectors calling night and day and eviction from your residence is only weeks or even days away. Your brain and emotions are beyond fried. You have no money, no prospects and…

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EXPAND A BUSINESS- SWEET SUCCESS WITH MARKETING MAKEOVER!

One of my apprentices purchased a small regional candy manufacturer. The company had some non-descript products that for the most part were similar to products of other larger candy manufacturers who enjoyed substantially more robust channels of distribution. One of their products was the texture of a gummy bear, the shape of a jelly bean…

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11 SECRETS OF THE SUPER SUCCESSFUL ENTREPRENEUR

This blog item looks at one primal directive and ten skills that can elevate an entrepreneur to super success status. The primal directive: Pursue your passion Success in any business is very demanding. Many entrepreneurs spend 80 or more hours a week for years building a business. You’ve got to love what you do or…

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