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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: small business
Are Entrepreneurs Smarter, or just Gutsier?
The vagaries of my reading habits had me reading two “How I did it” books last week; Ed Whitacre’s “American Turnaround” and Dave Ramsey’s “EntreLeadership.” Both men are justifiably proud of their achievements, but their differing paths to success are striking. … Continue reading
3 Responses to Are Entrepreneurs Smarter, or just Gutsier?
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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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The Brass Ring
A long, long time ago (I’ve actually ridden only one such in my lifetime) Carousels had a spring-loaded sleeve of brass rings protruding near the innermost (and least popular) track of horses. A bigger kid could lean out and yank … Continue reading
3 Responses to The Brass Ring
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Thank you for your articles. I really like Awake at 2 o’clock in the Morning. That is when I started reading your articles. My husband and I were born about 10 and 8 years respectively before the Boomers. Because we were young children when this started, we didn’t really know what was happening. I would sure like to play catch up now and prepare for the scoietal changes that are coming.
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Very well researched article. Thank you Babby Boomers!
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You final sentence is spot on. Government regulation is moving small business owners back toward the corporate environment to secure health benefits and retirement plan opportunities that they can not afford as business owners. Corporations benefit from seasoned experienced small business employees closing the door to many college graduates.
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The Pig in the Python
The title of this section refers to a well-known biological phenomenon. The python family of snakes have hinged jaws that allow them to swallow animals much larger than their heads. These animals are gradually consumed as they pass through the … Continue reading
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Tax Deductible- So What?
We have done ourselves a disservice as business owners. Too often we have justified an expenditure to non-owner friends as “tax deductible” to show how clever we are. In doing so, we have confused the public. They see the Federal … Continue reading
I think you are on track. I know I have toyed with the idea of owning my own business, but realized years ago that I do not have the risk tolerance or the burning need (i.e. I just lost my job and need to eat). Entrepreneurs fulfill a key role, but they often get to a point where they need the skills of “corporate” people. They need each other.
Thanks John, another good topic…
Guts, balls, chutzpah, however you say it entrepreneurs and business owners have immensely more than employees…Like you say in the “crock” paragraph, they choose the known “job” because they feel like it’s the easier way…My reason for quitting my job and starting a business was mainly your 1. Wanted to make more money than my employer paid, but it was more about compensation…example, one company I worked for only about 2 years, told me, (after I left, finding a better paying career), “Clint, you were way better at this than the Journeyman, Bill”…Fine time telling me now!..shoulda compensated me and maybe I’d have stayed…I digress…
Successful entrepreneurs and business owners know how to use risk to their advantage and master it by using it with plenty of practice…Employees go home to watch TV, entrepreneurs go home to work, but fun work.
Clint.
I think self-employed people realise the world is their oyster, they are no longer sheep…they feel they can achieve whatever they desire…but yes and a big yes, they need to foresight to pick up the pieces when things go wrong or be quick enough to STOP and change what they are doing to make it work.
Im from a working class background so the only thing we have is our tenacity and will to resolve.