Category: Business Best Practices

Lose These Destructive Misconceptions – An Open Letter to Business Owners

Dear Business Owner, You have a lot to be proud of. You have built a solid business from the ground up and it’s a wonder to behold if you do say so yourself. But be careful. Even the most apparently stable situations can deteriorate and collapse in shockingly short order. In ancient Greek tragedy, the… Read more »

For Baby Boomer Business Owners – A Thought Experiment

According to recent statistics, the US has 12 million businesses owned by Baby Boomers.  The oldest members of this cohort are now 71 years old and the youngest are 53.  According to recent surveys, 2/3 of business owners in this cohort expect the sale of their businesses to make a major contribution to their retirements.… Read more »

Spruce Things Up

Three Things You Can Do Right Now to Increase Your Business’s Value The sizzle has sold more steaks than the cow ever has, although the cow is, of course, mighty important.                                                 … Read more »

The Anatomy of a Successful Exit

Stephanie Breedlove started Breedlove & Associates in 1992 as a way to pay her nanny. The big payroll processors weren’t interested in dealing with one person’s wages and doing it themselves was complicated and time-consuming, too much for the then overwhelmed Breedloves. Breedlove saw a business opportunity and started a payroll company for parents who… Read more »

Thinking Vs. Doing: The Owner’s Dilemma

There’s a steady breeze from the northwest, which cools the warm Caribbean afternoon. Framed between a palm tree and the turquoise water, you notice a man reading. He appears to be working, which seems strange given his appearance: shaggy blonde hair, linen shirt, surf shorts and flip-flops. You squint and realize the man is Richard… Read more »