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Bigger Is Not Always Better – Ready For Sale Is!
Business owner: If your only goal is to have a bigger business, because you think bigger is better - think again. This is a great little story about a Mexican villager to get you thinking about "What is the purpose...
Buying A Franchise?
“Buying a franchise? Before you get into it, know how you are going to get out of it!” It happens too often when I am talking to franchisees. A statement I hear regularly is “If I could just get out...
Business Owners: Do You Have A Business Or A Practice?
Are You Building Something To Sell? Or do you have practice or a hobby? Many people tell me that they want to sell a business. In reality after asking some pointed questions, it often turns out that they have a...
Don’t Miss This End Of Financial Year Opportunity
It’s almost the end of another financial year – well at least it is in Australia. One of the opportunities which is often overlooked by business owners is the opportunity to review and restructure the chart of accounts in their...
How Will The Coronavirus Effect Business Values Now & In The Future
John Denton Interviews Business Valuer Chris Milne. Chris has over 25 years of business valuation experience and has never seen anything like this before. After much research Chris has formed his opinions on how this pandemic will affect business values...
Business Owners – Have You Checked Your Vitals Lately?
In our Advanced Mentoring Group meetings, when I ask this question, the answer is usually something like “Vitals, what are you talking about?” or “Yes, my blood pressure is a little high. So what?” According to Wikipedia: “Vital signs (often...
Inch Wide – Mile Deep
Business owners: where is your hungry crowd? The crowd of people who are beating a track to your business to get what it is you are selling them. Often the answer when I ask this question is something like "All...
No-one On Their Death Bed …
"No-one on their death bed ever wished they had spent more time at the office / in the business." This is a fairly well known quote by the late Stephen Covey, author of "The 7 Habits Of Highly Effective People"...
The Most Dangerous Number In Business Is …
One One of anything! The numbers in a business are the instrument panel by which an owner should run his business. It still amazes me how many business owners we talk to have no idea and no interest in their...