How Should I Navigate My Business In This Economy?
Posted by steve on Apr 2, 2008
There is a very important fact to understand that applies to every business…”nothing stays the same”. The current business environment in the United State is one where the real estate market in general is one with declining property values, the value of the dollar is declining, and revenue for many companies is under pressure. Please Click Here To Continue Reading This Article
Be Well and Prosper,
Steve Pohlit
Business Development Consulting
Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve consults with clients to design and implement processes that will deliver improved business performance for the long term. Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting 10 Minute MBA or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant
Steve: One of Our Contractors Wants Out of The Business and Has Offered Us Equity In Exchange for An Employment Contract. Is This A Good Deal?
Posted by steve on Apr 2, 2008
However, the approach to answering this question is the same as if you were acquiring a business. In summary - you need to complete the same level of due diligence you would complete in the purchase of a company. The due diligence includes the evaluation of the company’s financial strength, expected continuation of revenue and profit trends, how this business will be integrated with yours and most importantly, does your management team have the time and skills to integrate and manage this new business.
My answer is an overview. As discussed the first step is to obtain detailed information on business performance which goes way beyond standard financial statements and tax returns.
Shameless plug: you will need an outside consulting expert to help you.
Be Well and Prosper,
Steve Pohlit
Business Development Consulting
Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve consults with clients to design and implement processes that will deliver improved business performance for the long term. Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting 10 Minute MBA or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant
What Is the Key Indicator of Business Strength or Weakness?
Posted by steve on Apr 2, 2008
My business development consulting practice is clearly focused on a company’s cash and liquidity trends as they will almost always tell you the strength of business. I spend a substantial amount of time on an effective technique I use with every consulting client that is detailed in the free course you can register for below. Candidly seeing how this works I can’t imagine why every business isn’t using it.
Be Well and Prosper,
Steve Pohlit
Business Development Consulting
Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve consults with clients to design and implement processes that will deliver improved business performance for the long term. Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting 10 Minute MBA or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant
Construction Company Success Story
Posted by steve on Apr 2, 2008
I recently worked with a family owned business where the founder wanted his eldest son to begin taking over running the company. His son had no business training at all. In less than six months the son has taken over responsibility for the business and is leading the company to its best year ever as measured by revenue and profit.
Be Well and Prosper,
Steve Pohlit
Business Development Consulting
Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve consults with clients to design and implement processes that will deliver improved business performance for the long term. Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting 10 Minute MBA or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant