Thanks to you, The Prosperity Playbook, snagged BESTSELLER status on Amazon! "The Prosperity Playbook: Planning for a Successful Family Business Succession" How Prepared Are You to Turn Over the Keys of Your Business to the Next Generation? Economic sustainability is at the top of many of our minds these days - and turning a [...]
The Prosperity Playbook is available now on Amazon! Build a plan for the future of your business! Turning a family-owned business over to the next generation is the biggest financial transaction a business owner will ever make in their lifetime—with only one shot at getting it right. Helping guide family-business owners through this once-in-a-lifetime event is what The Prosperity [...]
If you are like many of the business owners that we work with, you are scrounging together how to maintain as much business as possible during these tough economic times and trying to keep up on all of the relief loans and programs all at once. We are overloaded with new information that comes out everyday [...]
As a business owner, this is my fourth recession. With three under my belt and one in progress, I consider myself an accomplished recession veteran. That doesn’t mean I don’t sometimes feel uncertainly or fear. I am human. It does mean as I navigated each recession, I learned valuable lessons. I hope these lessons will help [...]
I have reviewed thousands of small-business financial statements in my career. More than eight in ten are pretty much worthless. The financials produced are generally riddled with errors and unusable for decision-making purposes. While the financials may look reasonable, when you dig in, the data is inaccurate. Garbage in, garbage out. When you build a home, you begin [...]
What could make you? What could break you? Neither should be a straw on the camels back. A company’s Make-or-Break is the one thing your company must do exceptionally well in order to achieve its vision. Your Make-or-Break can be anything. Here are some examples: You are a manufacturing firm that sells your products through manufacturers’ representatives [...]
A 2016 Robert Half report found that 25% of privately held companies share all their financial information with their employees, an increase in 18% from just four years prior.[1] This trend demonstrates that financial transparency is moving from a fringe practice to a mainstream one . . . because it works! Choosing transparency builds a culture [...]
After meeting with thousands of small-business owners in my career, my experience is that less than 2% of them have an annual plan. Yet when I ask clients what stands out about our work together, while each has a different laundry list, they all include the annual planning process as one of the most transformative [...]
Last year, I was helping Colleen, a new client, explore her company’s expansion into the craft brewery business. She had two location options, both of which were very lucrative. One was a dock from an abandoned grocery store—an ideal location for a local watering hole. This location was in Colleen’s hometown, and she could envision herself [...]
When I started my business, I also wanted to begin a family. I made a decision that my role as business owner would be flexible and secondary to my role as mom until my child was in kindergarten. My husband agreed with my intention, and I moved forward, building my business in my home office. By [...]
