So if you have been following the three steps then I am sure you are baffled that there is one more.  In the last Step 2 of 3 we ended at the Close of Escrow (COE) and  now your wondering what could possibly be Step 3.   We did it!!  We sold the business and closed escrow, congrats, but hold on tight there is still more to do.  The great thing here is you […] Continue Reading…

I was asked this question by a friend and was surprised at the length of our discussion.  I started bouncing statistics and theories for a while until we finally boiled it down to his definition of a successful business.  Each business owner has their own goals for being an entrepreneur, whether it is freedom of time, control, following a passion, potential financial gain, education, or any other reason.  Regardless of the reason why someone starts a business, the success is in the eye of the beholder. 

I, […] Continue Reading…

The headline on CNNMoney.com yesterday was “It’s a lousy time to sell your business.”  The article provided statistics and facts on why now is not a good time to sell your business.  Most of us business owners have figured this out but there are still personal situations where the business owner needs to leave their business right now.  My advice is to look at your Company more as a personal cash flow, […] Continue Reading…

Everyone knows it’s tough out there right now and business owners are feeling stressed out.   It’s particularly difficult on partnerships when two people have to work together. The stress at home and from the office start to boil over.  In the last two days I have been called in by financial planners to assist a business owner who is fed up with his business partner.  The stress of the cash flow, personal credit, work ethic, ego, pride, etc. is pushing business […] Continue Reading…

The concept of planning ahead is easier for some of us than others.   Some people like to plan and others are more “take it as it comes;” but both personality types can be successful in business.  The key to real success is knowing your strengths and weaknesses and learning how to adapt to them.  In my case, I’m more of a Type A, controlling and analytical person, who doesn’t “wing it” very often.  It’s not […] Continue Reading…