How Do I Create a Path For My Best People To Advance?

How many good employees do you have on your team? All of them? None of them? Not sure? We find that most small business owners don’t know how many good employees they have for a simple reason…they aren’t sure what a good employee looks like.

How Do I Get Better As a Leader?

One of the Dirty Secrets of business ownership is that whether you like it or not, one of your primary roles is to be a Leader for your organization. You may think, “Hey I didn’t sign up for this Leadership stuff, I just want to run my own business.” What exactly does it mean to be a good Leader?

How Do I Stop Being Intimidated By My Banker?

A phrase that can often strike fear in the hearts of even the bravest of business owners is, “Your banker is on the phone and would like to speak with you.” Oh no, you think, what could she possibly want? Does she know about my key employee who is threatening to leave? Did that upset customer call her to complain? Will she be pulling our line of credit?

Why You Should Hire Family Last Instead of First?

Unfortunately many folks starting out in business make the often fatal mistake of hiring family and friends first instead of last. Now this may seem counterintuitive to many folks, especially those who know us well since we usually espouse the importance of Know Like Trust when building your business. But just because it might be “easier” to start with family and friends, doesn’t mean it’s the best thing for your business.

How Much Is My Competitor’s Business Worth?

If you’ve been in business long enough, chances are you’ve received some unsolicited interest in your business. By “interest” we mean someone is expressing an interest in perhaps buying your business. It likely came in the form of a letter that was either physically mailed or emailed or from a phone call. These letters and phone calls often come from intermediaries so the actual person who might be interested in buying your company has their identity hidden. Do you welcome these solicitations with open arms? Do you avoid them like the plague…or COVID? Likely you’re somewhere in between.

How Do I Get Dad To Step Away?

“Nobody puts Baby in a corner!”  If you’ve ever seen the movie Dirty Dancing, then you can picture the scene with Patrick Swayze and Jennifer Grey.  Well we’ve heard versions of this line with the same emotion and passion.  But instead of talking about corners the business owner is talking about “Don’t push me out of my company!”  We see it all the time with sports as well.  Maybe you’ve seen an aging athlete on your favorite team not quite ready to give it up yet.

Why Are You Wasting Your Time Writing A Business Plan?

One of the things we fight in our day jobs as business coaches is the never ending poor advice given to small business owners. Perhaps the biggest offense with this advice is folks talking about business plans. It might sound something like, “All you need is a business plan to get started.” Well intentioned advice. But what does this really mean?