Help Me If You Can
A Sad Commentary on us Baby Boomers
Minimizing the return on our life's work: Too many of us business owners are riding our businesses down as we age. We are entering our Wisdom Years but we are not being very wise. We are not planning far enough ahead. The result, when we want to cash out, we'll get pennies on the dollar. That's the worst type of liquidity -- liquidation! Even if you have not decided to sell your business or share the equity with somebody other than your family, we all need to focus on Steps 7 & 8 (above).
If you would like to add to the commentary with Step 8 (or any other step), please drop us a note.
On maximizing the return on your investment
If you are doing (or have done) any kind of a DPO or ESOP, or an IPO, you and your businesses are in a great position to maximize the return on your intangibles (which includes your sweat equity). Your business now has a real valuation.
One of the goals of Small Business School is to partner with those businesses that are introducing ways to help privately-held businesses to get and maintain a real business valuation that is indexed and dynamic.
If you are focused on breaking out of the category of a small business, you have a whole new set of problems as a mid-size or even a big business. In the very near future, more of the case studies will be focusing on these businesses. Within the site today, check out these stories:
1. The Franchisors: Auntie Anne's and FastSigns
There are five levels of help to find one of the following:
» A particular episode among the weekly episodes of the show
A Particular Episode:
First, get familiar with "FIND A CLIP." You can look for an episode by TITLE, by a TEXT search, by LOCATION, SUBJECT, INDUSTRY, or a key QUESTION. Please log in.
Case Studies related to these eight steps (homepage for the Steps):
Step 1. Initial ideas. if you are one of those people who have an idea for a business, but work for somebody else, start here.
Key questions for workforce development.
There are over 500 key questions and key ideas on this website. Each question leads to multiple answers. Learn to click on the questions that are found with each video clip. For example, from the homepage click on the current episode (top right picture). It will take you to the video with a box on the right. Notice just under the Q&A tab there are the words, Key Question in green and then there is an actual key question.
First, be sure you are signed on, then always click on that key question to go deeper and further.
This website is your website. It is given to chambers of commerce. Part of the ownership is given to all those who create content and help support their public television's production of new episodes. Read the open letters. Read the our key ideas for life and work.
Although many people think that they "graduate" from being a small business, we believe it is the wise leader who always inculcates the spirit, mind, heart and soul of small business.
When the show began back in September 1994, we had a corporate tee shirt which had this quote on the back of it, "If you are not living on the edge, you are taking up too much space."