Steven Covey is quoted as saying, “What is important is seldom urgent and what is urgent is seldom important.” With the slow down in business, now is the perfect time to tackle those items which have been sitting on the back burner. Activities that are important but not urgent are the ones that will really…
I’m thrilled to share that Soundpoint Consulting is growing. I’m pleased to introduce Michael Jack, Partner at Soundpoint Valuations. We are dedicated to providing business valuations for divorces, partner buy-outs/ins, potential transactions, estate taxes, business/exit planning and bank financing from our offices in Washington and also now in California. Our goal is aligned with yours:…
Wondering if the competition is outperforming you? Looking for some best practices? Want to set realistic goals and targets for your team? These are all good reasons to consider benchmarking your company’s performance against others in your industry. Benchmarking compares your performance against other similar companies. Any metric is ripe for benchmarking – financial, quality standards, service levels, time to market, you name it.
Increasing the value of a company requires years of planning and execution. Most valuators look at the last five years of operating results to substantiate their conclusions. So, let’s look at maximizing the value of your business today for a potential sale or transfer tomorrow.
Most of us know the basics of the McDonald’s story. I consider it required viewing for anyone wanting to scale their business or evaluating their business model. Kroc was the visionary. He took the well-oiled prototype and replicated it across the U.S. and the world. Of course, along the way he added management structure, HR standards and tight quality control.
Some businesses are less affected by the virus and others are able to creatively keep sales alive. However, the vast majority of companies are finding that business is being seriously curtailed or in some cases, temporarily shuttered. This virus will pass and at some point we will reach normalcy again. But until then, what can we do that is productive with this unwelcome time on our hands?
As with many things in life – where we place our attention is what will change. But, if you try to focus on too many things at once, nothing gets done. The same is true for monitoring your business’ financial performance.
Are you trying to balance selling your business with running it?
In this insightful Fortune Magazine article from November 2015, Michelle Buck, President of North America for The Hershey Company offers sound advice for managing all aspects of your business.
The second of a two-part article on preparing to sell your business. Published in 2010, but still very relevant today.
Something just doesn’t feel right – but you can’t put your finger on it. You aren’t exactly sure what your staff is working on – but they are always busy. You run a small operation, yet …..
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