One Owner Who Did Not Sell in Time to Maximize Proceeds

As optimistic business owners, we tend to think that bad things happen, but to other people. So we wait to do things we know we should do. Financing that is readily available today to accomplish diversification objectives may not be available tomorrow. This can happen because of adverse events at your business, changes in the availability of financing, or both. Don’t wait.

50,000 Steps for Labor Day Weekend and the Benefit Short-Term Goals

Meeting my goal of 50,000 steps over the Labor Day Weekend is a good thing. There is, however, a greater lesson. The focus of short-term goal setting is what many of us need from time to time to be rack through the clutter and clumsiness of daily life. Lots of your important but not urgent projects also cry out for intense focus at the right time. We just have to plow through the clutter of our daily lives and focus on what’s important. I’m not naive enough to believe that we will do that all the time. However, I know from infrequent periods of intense focus that the benefits far outweigh the costs. Have an important task that you know really needs to be done and you keep putting it off. Stop today. Set a short-term goal. Let your activity on that goal crowd out those things that always get in the way, and just do it.

My Introduction to Personal Branding

A few months ago, I wrote a post on personal branding following a training session on the topic I gave at Mercer Capital. The post was interesting and I received a number of comments both on and off this blog. The post also triggered a request for me to provide a webinar for the Practice Builder Academy (PBA). The PBA is an academy formed by two friends of mine, Rod Burkert and Mel Abraham, to help professionals in the valuation and forensic accounting spaces develop business more effectively. I was flattered to be asked and so I prepared for and did a webinar with them. This post addresses some of the things I talked about in the PBA webinar on Personal Branding and Business Development.

Accounts Receivable Management: 9 Thoughts to Add Value to Your Business

Over the years, I’ve learned a thing or two about accounts receivable, which may not sound like a typical topic for this blog. Many business owners take their accounts receivable and the collection of the A/R for granted. We shouldn’t do so. Let me share a few thoughts about this seemingly mundane topic and how the management of accounts receivable relates to business value. In the final analysis, collection of accounts receivable requires a diligent attitude and focus on the part of senior management, and implementation at the lowest level possible levels in our organizations.