Stupid Is As Stupid Does …Where’s Captain Dan?

Buying a small business can be stressful, so much that otherwise smart people can do stupid things.  With years of experience doing and watching business transactions, I’ve come across some common stupid things that can be avoided. -Don’t make the business seem more profitable than it is. Of course, the Seller wants to get as much as possible out of the business, so he/she will tell you lots of ways you can cut Read More

Your Thoughts are Numbered

There are a few well-known bloggers who swear by their belief that everything presented in a blog has to be reduced to numbered bullet points.  Here are four points I frequently hear when it comes to the logic of numbering your thoughts in a blog post: They say numbering your thoughts make you sound more professional, more like an expert. They say numbering your thoughts make your points easier to remember. Read More

Think Outside the K-Cup, Three Business Principles I Learned While Comparing Starbucks Via with Starbucks K-Cups

I discovered Starbucks in 1994 when a group of Disney executives held a meeting at the Whistler Blackcomb ski resort in western Canada. One morning our Canadian hosts took us to a charming coffee shop in the village and one guy ordered this thing called a “latte.” I had no idea what that was, I assumed it was a special local favorite. I ordered coffee, black, large. Whoa, one sip and my boring Maxwell House life Read More

5 Essential Elements of an Effective Exit Plan

Exit plan creation should be a key part of your business plan, no matter whether you’re serving your first customer / client or swiftly approaching retirement. Knowing what you plan to do when you hand the company reins over to someone else allows you to align present business decisions and operational objectives with your long term personal and financial goals. To ensure a successful exit and ultimately safeguard Read More