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As a business owner, you know what it’s like to lie awake at 2 a.m. Maybe it has happened when you are excited and full of new ideas for your business. More often, it’s because you are worried about issues you will face the next day. Sometimes, it’s because you just woke up with the solution to a problem. I’ve experienced all those emotions about my businesses over the years. Awake at 2 o’clock? is where I share them with you, and hopefully help with answers that will let you sleep.
John F. Dini, CExP, CEPA
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Small business owners are the Hunters of the 21st century. We are 3% of the US population, and yet we create over half of all American jobs. As Hunters, we may not be inclined to manage by the numbers or stick to systems. Are you a Hunter or a Farmer?
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How prepared are you to exit your company?
The Assessment breaks down the four major categories of exit readiness; Finance, Planning, Operations and Revenue/Profit.
Tag Archives: business planning
Small Business and BIG Taxes – Timing is Everything
This column typically focuses on the issues of running a business, especially those that revolve around leading employees and growing profits. When I am consulting on issues that include tax planning, I am supposed to include a “Circular 230 Disclaimer”, … Continue reading
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Does Your Business Need to be Leaner and Meaner? (Part 1)
I’ve been surprised by the tone of my clients’ conversations since the beginning of the year. They want to get tougher. They want to plan more. They want to find the chinks in their armor, and sharpen their weapons. These … Continue reading
3 Responses to Does Your Business Need to be Leaner and Meaner? (Part 1)
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Business Plans and New Year’s Resolutions
For the last week or so, the regular denizens of my local gym have been “preparing” for the onslaught of Resolutioners, as we call them. Those are the folks that show up every year right after the holidays, determined to … Continue reading
One Response to Business Plans and New Year’s Resolutions
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How true, with no measurement and someone to hold you accountable you will be back to your old ways in no time.
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2013 Planning:
Try Starting with “Who”
For many years, I’ve begun each annum with my clients by helping them answer the Seven Questions, some simple keys to basic planning for the year. This year the questions have been picked up by my friend Jim Blasingame at the … Continue reading
One Response to 2013 Planning:
Try Starting with “Who”
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Thanks John…I’m mainly in the II category…Funny, when I discuss these kinds of things with others, they look at me like I’m analyzing way too much..I agree that these are important insights and that many Decision Makers don’t think this way…I’ll remember this breakdown and watch how companies use or not use it.
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Business Value: Do Your Numbers Add Up?
Most small business owners don’t understand how to value their companies. For some, misunderstanding the way that buyers look at the value of your business can be very costly in the long run. The fourth of our Rights and Obligations … Continue reading
3 Responses to Business Value: Do Your Numbers Add Up?
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Jon,
Where can i find more on SDE evaluation?Jeff
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Jeff,
Pratt’s Stats, among others, will show historical and conparative valuations using SDE measures. To calculate your own SDE, I am sending a worksheet I created directly to you.
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John,
I agree that most business owners take advantage of personal perks while running the business and I think most buyers realize that. When it comes to selling the business I have business owners recast their financials to deduct their perks and add back in a salary for the new owner. It reflects the true value of the company and the buyer can make their decision based on the recast numbers without the tax burden for the owner for the previous three years.
Larry Amon
Excellent overall assessment… looking forward to the details.
Thanks for the post. Time to put this into action instead of
just bookmarking it.
you know john, the ever present threat to small business will, as it now seems, never reduce in size. it is a constant effort to keep one step ahead of all of the negatives, including our government and the world. Looking forward to your continued input on this matter.