“Start with the end in mind” was the advice I just heard from a Venture Capitalist (VC) when discussing my new business venture.  He restated it clearer for me when I looked at him wondering if that was a question or a statement….”what is my exit plan?”  I had to spend some time reflecting since I hadn’t even started the Company and having only a concept made it difficult to define the end.  […] Continue Reading…

Anyone who knows me knows that I’m not a techno freak or, to be completely honest, not a great big fan of all the gadgets out there. I’m in my 40’s, so I sometimes feel stuck in the techno chasm, somewhere between the 20-30 year olds who have grown up with lap tops and the 50-60 year olds who still don’t understand why people can’t just call each other. […] Continue Reading…

Everyone has their own opinion on how in increase the value of your business but everyone does agree that the more revenue a Company makes the more it’s worth. Notice I didn’t say anything about profit, product or location, and those are all important but just run with me on this element of the sales price. What I’m talking about it what all VC’s ask within the first 30 […] Continue Reading…

I’ve met with a number of successful and much more intelligent business owners than I over the years and this question comes up quickly when it’s time to sell your business.  It’s very, very important since, as business owners, we don’t like to pay taxes; and often times the sales transactions fail because the seller did not understand the consequences of this election.  Although it is a legal status […] Continue Reading…

I was listening yesterday to someone who reminded me of an old saying handed down to every man.  It’s very simple, very clear and yet sometimes so hard to follow.  It goes something like this… a happy wife makes for a happy life.  Now as a husband I can tell you that there is nothing more true than this statement and it made me think of some businesses that I have been involved in.  I believe the same […] Continue Reading…