This is one of my favorite insights, since I lived this one in a positive exit from my computer business. Types of business buyers expanded Most people will tell you that there are two kinds of eventual buyers for your business: financial and strategic. A financial buyer will analyze your numbers, past and forecast, to the nth degree, […]
Strategic Planning
Everything You Do Adds or Reduces Company Value
Each decision you make to commit resources—your money or your use of corporate or personal time—affects the future value of your business. Minor decisions, such as replacing employees who have left the company or replacing equipment needing updating, are usually considered operational in nature, and unless the business is changing direction, not relevant to this test. […]
Strategic Planning for Business Owners
What Is Included In Business Succession Planning? A business owner needs to consider various strategies in order to prepare for the expected and unexpected legal challenges. To do so, the business owner should generally form a separate entity, such as a corporation. Next, whether the business is owned by one person or multiple partners, every […]
What Two Words Are Most Valuable for Your Business Planning?
One of the most valuable tools in an executive’s arsenal is the use of the question chain in planning meetings or to analyze scenarios that might result from an action. The powerful words are “What if…” followed by an ever-deeper question that follows the possible results of an action, or a decision based upon the […]
A Definite Guide to Organizing Seminars and Conferences
Organizing a seminar is a tall order, but it can also be a highly rewarding process. There are many details that go into executing a well-received workshop and the organizer must be extremely prepared. If you’re interested in learning more about how to plan a successful seminar, this article is for you! Here are some […]
How to Use Analytics to Make Informed Decisions
In business, the better decisions that you make the more success you will have. That is why it is vital that you take the right approach. Using advanced analytics, you can improve your decision making and take your company to the next level. Here are the strategies and tactics you need to know: Your Market […]
7 Tips for Creating a Smart Organizational Change Management Plan
One of life’s only guarantees is change—even at work. In the office, though, change can be especially disruptive. It’s up to an organization’s leadership to make adjustments easy for employees. And that’s where organizational change management (OCM) comes in. Keep reading to learn what OCM is, what it isn’t, and 7 tips for implementing it […]
10 Types of Paperwork You’ll Need to Create for Your Business
Nobody likes to think about the paperwork and documentation necessary to run a business, but your company won’t get far without these practical necessities. Thankfully, for most types of paperwork, this is a one-time process; once you have a core template in place, it will only take a few minor modifications to make it work […]
Make Achieving Your Goals a Team Sport. Here’s Why—and How
A person’s success isn’t the result of superhuman feats. It’s the outcome of doing the things anyone can do—though most of us just don’t. Usain Bolt, the Jamaican sprinter and eight-time Olympic gold medalist, observed: “I’ve learned something through the ranks that there’s a ladder, but no one wants to climb the ladder. They just […]
Faster is Sometimes More Valuable Than Better
This is one of those arguable insights, where both sides win. Dell is a great example of emphasis upon fast, creating a customized computer in 48 hours or less, bringing in assemblies and components just-in-time to make the assembly line. However, if Dell quality were poor and returns high, the company surely would not have […]
