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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 ownership
From the Small Business Advocate newsletter
This is from Jim Blasingames “Small Business Advocate” newsletter, and is based on a show we did last week. If you don’t get Jim’s newsletter, or want to hear the show, I strongly recommenfd that you go to http://www.smallbusinessadvocate.com/ Here is … Continue reading
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Losing Your Mind
All of us who are business owners know how tough it is to run a business. Most of us have long ago gotten past the ego part of owning a company. Sometimes I’m really surprised at how that affects folks … Continue reading
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The Psychology of Fresh Paint
A bit more remains to be said about business owners who are gun shy about doing things in anticipation of an economic recovery. An owner mentioned to me the other day that he wanted to redecorate his conference room and purchase … Continue reading
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Even with the threat of 25-30% Medicare cuts this year, I stayed on plan with new and replacement equipment, some technology was costly. While competitors put money in their pockets and did no capital improvements and investments in leading edge technology awaiting Congress's yes or no on Medicare reimbursements,we once again took the leadership position and have won a significant amount of business this year with this new technology, more than enough to absorb any future cuts. Competitors? they're just figuring out what is happening and scrambling to upgrade with fewer accounts on their side.
Sometimes when the market says hold up, that's when you charge.
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A New View of Who We Are
The economy has experienced 5 consecutive quarters of growth. We are officially more than a year past the end of the recession. I’m guessing that you, like me, responded to that fact with something like “HA!.” We all still feel … Continue reading
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In the long run
I met with a business owner the other day who has experienced a particularly difficult year. A confluence of economics, technology and criminal activity in his industry has kept him working long hours, with relatively little to show for it. He … Continue reading
Systems work. Stay with the plan. Check your ego at the door. Go fishing more often…I mean,that's why we own a business right? So we can do other things in life and not have to work all the time? Why screw up a good thing? Sounds like he did. Too bad.
Phil R.