Exit Strategies Take Time and Planning
Most business owners want to sell their business at some point. Unfortunately most fail to plan effectively for this eventuality. In many cases owners cannot find a good buyer and end up liquidating their business for only the value of the assets. Prepping a business to sell for a premium price takes a significant amount […]
Strategic Alliances Can Pay Dividends for Georgia’s Small Businesses
Strategic alliances have been commonplace for many in the corporate arena for a long time but it also becoming a staple for small businesses around the nation and Georgia as well. Small companies are seeing benefits in joining forces to provide products and services in a more efficient and profitable manner, often teaming up to […]
The Business “Map:” Don’t Leave Home Without It!
Not many of us would study an atlas, get in our car, and head out for Chicken, Alaska, without a map, relying solely on our memory to remember all the route changes. Yet that is the equivalent of what many businesses do when “driving” their businesses. The result is usually the same for both the […]
When to Exit? A Small Business Owner’s Biggest Dilemma
There are only a few certainties in life; death, taxes, and one thing few successful small business owners realize or want to realize, the day they will be faced with perhaps their biggest dilemma, “How do I exit and when?” In this regard, it is not unusual that few successful small business owners understand the […]
Business Survival in Tough Times
Being successful in business is tough–always. However, when the economy slumps and stays down for a period of time, many business owners’ thoughts turn from being successful to merely surviving. The successful owners do more than just think about it…they act! Businesses that were founded in the early 1990s cruised along for ten years or […]
Organization and Structure: Aids to Productivity for Small Business Owners
A small business owner recently complained about long hours and a hectic work schedule. “Nothing gets done without a decision from me,” he said in a manner that clearly indicated his frustration. The situation was, indeed, unmanageable. In a very brief time, the threat of loss of control emerged as numerous facets of operations awaited […]
Emergency Preparedness—Is Your Business Ready?
Blackouts, brownouts, tornados, hurricanes, ice storms, terrorist incidents… Each of these events can have a devastating effect on the way in which we live our lives and for the continuity of your business. Though preparation will not eliminate the stress or potential for injury or death, it can help mitigate the effects. And being prepared […]
When the Business Check Engine Light Comes On…
Most new start-up business owners generally face difficult challenges during their first five years in business. Research indicates that a majority of these business owners start their business without a well-defined business plan, inadequate working capital, and also a lack of managerial experience. Today, most small business owners are finding out the hard way that […]
