It seems like on a daily basis now we are hit with a barrage of bad economic news. Although most experts do not expect a true double-dip recession to hit, many sectors of the have certainly slowed. Given this reality, we thought it might be a good idea to share some sage advice we came across recently on how to survive an economic slowdown. Both Thor Harris, president of the PR firm Percepture, and Carol Tice of Entrepreneur.com have come up with a few great ideas on this topic. [Read more…]
During times of economic uncertainty, payables and receivables become a core focus of any privately owned business. The reason is simple: They govern cash flow.
Instead of trying to provide you with a mathematical or system-based approach to optimizing your cash flow, I wanted to take a step back and have a realistic discussion about your business mindset when it comes to accounts payable. I’ve called it the “Golden Rule of Payables” because we really do want others to treat us well when it comes to our receivables. If we start by doing our part in paying our bills, good things can happen. [Read more…]
Many of you may be unaware of the considerable investment that pension funds make in private equity firms. You probably assume that pension funds, in order to keep their funds safe, only invest in assets that are “public” and therefore more transparent to the investing community. However, over the years, pension funds have learned that private equity firms provide them with a nice vehicle for diversifying their holdings.
Those of you that read this online publication on a regular basis know that we started a conversation several weeks ago on the topic of creating a emotions involved in deciding to sell and the second article examined some specific steps to create a buyer ready business.business. The first article looked at the
So I was intrigued when a colleague forwarded an article delving into the challenges of growing an “entrepreneurial business.” This is a business that doesn’t just survive through the years but also thrives. This would also be, in keeping with our theme, a buyer ready business. So I thought I would share a few ideas from Ed Hess, professor of business administration and Batten Executive-in-Residence at University of Virginia’s Darden School of Business.