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Monthly Archives: September 2015
Measurement is Not Management
“The employees respect what the boss inspects.” Since Frederick Winslow Taylor published The Principles of Scientific Management in 1911, breaking down tasks into measurable pieces had been the cornerstone for employee training and tracking performance. Why then, do many large organizations with … Continue reading
4 Responses to Measurement is Not Management
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Is There Anything CEOish for Me to Do?
The line is from one of my favorite New Yorker cartoons. It’s being asked by an executive of his secretary. It is also a common question of business owners who have built successful organizations. The need for a CEO is present … Continue reading
2 Responses to Is There Anything CEOish for Me to Do?
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That is right on for a successful company. I continue to stimulate with outside influences and appropriate the time for projections on business needs and direction along with diversification. Good and simple read, but most overlooked in small business. Good job John!
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Well put, as always! When I was running my computer service company we moved to a new building, and I was a little embarrassed at the size of the CEO office that the new office layout had. The thing was huge with a cathedral ceiling, and I always felt that you could play basketball in it! I was talking to a consultant one day who was helping me with strategy, and I mentioned my thoughts to him. His reply has always stuck with me and is germane to your point: “Your job is to sit in your big office and think the big thought.”
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Germany Makes a Business Decision
Germany just announced that it could accept an additional 500,000 refugees when other countries are jockeying to accommodate as few as possible. As much as the announcement was portrayed as a humanitarian effort, it is just as likely a simple business decision. Few members … Continue reading
Posted in Top Blog Posts
Tagged Baby Boomers, Boomer Bust, business ownership, business strategy, China, economy, employees, entrepreneurs, entrepreneurship, exit planning, exit strategies, international relations, management, politics, recession, small business, small business advice, social security, trade
7 Comments
7 Responses to Germany Makes a Business Decision
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Thanks for putting a face on the other side of the immigration issue. Our country benefited greatly economically from immigration in the past. We can benefit now while helping many people at the same time.
I wonder if we as a nation can get past the frustration of extreme political self-interest and see through the pandering on the part of some candidates.
I’m hopeful but concerned.
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This observation is spot on. Japan will suffer worst because their racial intolerance is so bad that they cannot contemplate the an immigration program at any scale that would save them. On a visit to Yokohama I had repeated experiences in being denied access to jazz clubs, because they were “Japanese Only”. It was a trivial discrimination but it made me aware how bad it can make you feel.
The least intelligent of the current US immigrant phobias are the proposals to repeal the 14th Amendment to the Constitution – “All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside.” and to repeal the Dream Act that removes the threat of deportation for children of illegal immigrants. In most cases, we have already educated these young people and they are an economic benefit to their communities.
I wish “Cost / Benefit” analysis could be applied to many of the challenges that face the USA. -
Good point!
While there are many perspectives that can be taken on this topic, this is certainly one with a positive side effect. – Whilst I don’t think that this is the main motivation for the German government, it could indeed prove true and benefit Germany in a few years … if they succeed on integration. -
Several years ago I was traveling in Norway and was struck by the large population of Somali immigrants there. Norway also has a negative population problem and had been attracting immigrants from many countries including the US becuase they seem to be color blind according to several former American black people I met. they would rather raise their children there there away from gangs and low expectations. Norway only wants you to commit to raising your children there and will subsidize you to do so with parental leave, education and job training for the parents. I was surprised to see so many olive and dark skinned people in the land of the blond, blue eyed Norsemen even outside of the urban areas..
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On Point. One other factor in Germany’s favor is the effectiveness with which they assimilated a less skilled East Germany population back in so efficiently and effectively. We must make education and training of the new immigrants a priority so they can help our economy grow, and not just to perform low skilled low paying jobs.
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We all should be champions for open immigration and free movements cross the borders, as long it is based on the trader principle. If you have the right to your life, you should be able to live and work wherever you want, in a free world.
Immigration as become a hot topic in Scandinavia. I hope people will learn from the melting pot and the land of opportunity: the United States of America.
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As with most European countries, meetings etiquette in Germany relies on professionalism, good business sense and formality. Bearing the above in mind, together with a positive attitude will ensure good results.
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Companies Sell for a Multiple of…What?
Last week we discussed the difference between Main Street and Mid-market companies regarding their prospects for finding a buyer. You can read it here, but the short analysis is that the market is tightening for Main Street businesses, while the … Continue reading
Posted in Entrepreneurship, Exit Planning
Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, employee performance, entrepreneurs, entrepreneurship, exit planning, exit strategies, financial, leadership, management, selling a business, small business advice
5 Comments
5 Responses to Companies Sell for a Multiple of…What?
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Right on target. Thanks for the article. Thought: The experts who have never bought oe sold a business,,, are they experts?
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Hi John.
If I am representing a buyer, we would look at the discounted cash flow of four year projected earnings, plus a terminal value, particularly if the buyer is using some debt to make the acquisition.
David. -
Good article. The truth is that a business, any business, is not worth what the owner think is worth, and is not worth what the buyer think is worth; it is somewhere in between, but how do you convince both parties of that?

Could not agree more!
In French the word is Saboteur for throwing you wooden shoe into the mill to stop the work. before Mr. Taylor or you friend experienced in in the bottle factory. That is the real issue. why do we keep reinventing the wheel? people don’t change – the environment in which they work and are surrounded does. They are not guinea pigs to experiment on. The real issue is what knd of employee do you reruit and grow within your organization.
I’m impressed by your awesome insight as usual. I’ll keep your article in mind as we manage by statistics.
Thanks Todd!