Monthly Archives: April 2017

Seller Beware Part IV (Final)

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How to Combat Dirty Tricks When Selling Your Business

This is the concluding post where I’ve urged caution when selling your business.  If you’ll recall, buyers often play dirty tricks to wear down a business owner during the due diligence phase of the transaction.  Promise of a quick transaction with a high price are followed by power plays, and psychological warfare which are all designed to wear out a business owner so they “give in to all kinds of last minute demands and concessions affecting the final price of the business.”  Those are the words of Verne Harnish from an article Selling the Business: Games Buyers Play. …

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Lean Flow: Uncover Hidden Time Wasters to Increase Your Profits

World-class athletes hone their bodies to maximize capability and eliminate unnecessary weight. High-performance aircraft are engineered to derive peak performance and strength from the lightest materials. The same principles apply to business operations. However, many companies forfeit higher profits by being unaware of or not fixing inefficient processes. The reality is that just a few minor changes in processes can help increase your profits and competitive advantage exponentially.…

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3 Signs Your Company is Ready to Scale and What to Do About It

For some business owners, the time to grow and scale their business is obvious but for others, it’s not so clear. If you’re not sure if now is the time to take the leap, check out this article to gain some insight into the situations that make scaling for growth critical.…

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Need Capital to Grow: Try These Clever Ideas

With the popularity of shows like Shark Tank, many business owners first thoughts are to seek out venture capitalists or business incubators to fund their growth. While these are great options in certain cases, many business owners are able to grow their companies without them. How do they do it? To read some creative ways others have raised capital, I recommend that you read this article by Entrepreneur.com.…

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Cash Flow: 9 Tips to Stay in the Black

Business owners have the tendency to focus on sales and overall profit, which is good, but without healthy systems in place to manage cash flow, the health of an organization can be compromised as situations fluctuate. There are three critical principles you must follow to keep an organization’s cash flowing in a healthy manner.

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Posted in Business Best Practices, Cash, Other
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