Let’s count – how many small business management systems are on the market? There’s Gino Wickman’s EOS along with the coaching program provided by EMyth, their biggest competitor.
In college, I had the 2 greatest jobs on the planet. I got to work outdoors, get dirty, get a great tan and work with some fun people. One job was mowing the greens and fairways at Kirksville Country Club located in the frigid North Pole of Missouri.
Thanks to people like Dan Sullivan and Grant Cardone, 10x is alive and well. 10x is fashionable, sexy, and glamorous. How about 2x? What’s wrong with doubling, say revenue or profits? Would you take it? 2x may not be the crème de la crème of business multiples, but it’s still a powerful tool when employed properly. […]
I came from a corporate world where debt was expected and even planned. And that corporate world taught me it was okay to maintain a certain debt to capital ratio at all times. And for my larger clients, that works. Or rather, we make this manageable. In smaller businesses, especially with revenues under $10 million, […]
Several years ago, a business owner of a $3 million specialty contracting firm called me because his P&L looked great but he didn’t know where the cash was going. Have you added new contracts causing your receivables to go up? “Yes.” Are inventory levels going up and are your payments for work in progress occurring […]
Who doesn’t like to keep score? When I think about scorekeeping, for some reason I’m reminded of my first tee-ball experience as a parent. Moms and dads were told, “We never keep score because we don’t want the self-esteem of your children to be harmed. We just want them to have fun.” Yet, what was […]