5 Ways to Eat Your Competition for Breakfast – Business Article

Peter Drucker is credited with saying, “culture eats strategy for breakfast”. Even in today’s tech driven economy, a company’s human capital is still the most powerful potential competitive advantage. Culture is incredibly hard to build and even harder to maintain. Usually, culture is measured in terms of employee engagement. The cultures I admire most built their employee engagement around these strategies below:

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Your Company’s Undocumented Value – Eastwind Business Solutions – Business Article

There Are Ways to Increase Both Valuation and Success Successful businesses don’t get that way by accident. A successful business is one that is customer focused and has company-wide values. Brian Tracy’s excellent book, The 100 Absolutely Unbreakable Laws of Business, notes that it is critical for businesses to have a company-wide focus on three key pillars: marketing, sales, and revenue generation.  There’s No Replacement for Understanding Trends Tracy also points out that trends may be the single most vital…

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Time to Sell? Put Your Strengths First – Business Article

2. Maintaining Normal Operations Selling a business can be very demanding and underscores, once again, the value of working with an M&A advisor. An advisor will focus on selling your business so that you have more time to focus on the day-to-day of running your business. The last thing you want is to waste your time on buyers who are not serious. Remember, if your business suffers as a result of the time you spend away from operating it during…

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Transferring Your Business to a Family Member: 5 Key Factors – Business Article

Factor #2: The Buy-Sell Agreement When transferring a business, don’t overlook the importance of the buy-sell agreement, which works to put everything in writing. You may be tempted to forgo a contract since you are dealing with a family member, but this is a mistake, no matter how close you might be with your loved ones. A buy-sell agreement adds clarity to the process, which can help to keep confusion levels low and the chance of success high. When the time…

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Key Elements for Every Partnership Agreement – Business Article

Your partnership agreement is one of the most important business documents you will ever sign. Many people go into business with loved ones, relatives, or lifelong friends only to discover (once it’s too late) that they should have had a partnership agreement. This agreement protects everyone involved and can help reduce problems that may arise. Outlining what will happen during different potential situations and events, in a legal framework, can help keep your business running smoothly. What Should a Partnership…

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Selling for Retirement: 4 Tips for a Smooth Transition – Business Article

Most business owners have never sold a business before and may not know what to expect. The good news is that prospective buyers usually like the idea of buying an established business directly from a business owner. It is key, however, to do everything possible to make selling your business, as well as the transition period, as easy as possible for a buyer. There are many aspects of the transition process to take into consideration when prepping your business for sale. Prospective…

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