Different Types of Business Broker Relationships
When looking to sell your company or acquire growth capital, choosing the right representation for your situation is vital. Variables such as top-line revenue, EBITDA, mix of revenue, residential vs commercial, recurring revenue and most importantly, what the end goal of the owner is all help determine which type of broker is a good fit. […]
Five Fundamentals of Success
There are thousands of books and hundreds of motivational speakers that can describe a formula for success. When you whittle them all down to the basics, these five just seem to always show up as the fundamentals, the ones most repeated by everyone. I think we can all accept that success has many different definitions. […]
Why Hire a Broker or Advisor?
When you are a successful business owner, it’s easy to think of selling your business as another business problem you can solve. However, many owners overlook the amount of work needed to get your company ready to sell while also continuing to manage the day-to-day. This often proves to be a larger obstacle than initially thought.
Common Sense: Where Did It Go?
“These are the times that try men’s souls.” Thomas Paine Wikipedia defines common sense as the basic ability to perceive, understand, and judge things, which is shared by nearly all people. This definition assumes society has a foundation of education and character in order to perceive, understand and judge properly. It is becoming evident that […]
Are Entrepreneurs Born or Developed?
Wilson Harrell wrote a book called “For Entrepreneurs Only” in which he did an excellent job of describing the world of entrepreneurialism. I strongly recommend this book for anyone pursuing the opportunities of an entrepreneur. In understanding the characteristics between a business owner and an entrepreneur, I will reference some of his work. The dictionary […]
Leadership Greatness
“Competitive Greatness is being your best when your best is needed.” John Wooden Coach Wooden’s philosophy was to focus entirely on the individual becoming their absolute best; winning was the result of being your absolute best. If the score of the game was not in your favor but you did your best, then you lost […]
Mindset of Gratitude
A thoughtful observer once said, “For something to change in your life, one of two things has to happen — your life changes or you do.” To passively wait for life to change your trajectory is like hoping your financial problems will be solved by winning the lottery. A distractingly pleasant fantasy perhaps, but as […]
Courage Takes Balance
All other virtues are lofty sentiments until we activate them with courage. What is honesty if we feel it is safer to hide the truth? What is hope if we give into despair? With courage, we are directed to take action and can turn our dreams into a reality. It is much easier to fold […]
Endurance to Succeed
When asked the first requirement for success, Thomas Edison replied, “the ability to apply your physical and mental energies to one problem without growing weary.” We are faced every day with misconceptions and adversity regarding success in business or life, so much so that sometimes I wonder how anyone is ever successful. Issues like personnel, […]