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Category Archives: Family and Business
Where Are We Going From Here? What Is The Future Of Small Business?
Small business owners are becoming an endangered species. The downturned economy is eliminating millions of small businesses. The government is piling massive additional expenses on small business owners, including additional taxes, health care support requirements, insurance requirements, licensing fees, and … Read More
The Horse Is Out Of The Barn… And THEN You Close The Door?!
I cannot tell you how many times we see it. We have a consultation with a prospect whose business is clearly in a major downturn, which will clearly result in the collapse of the business. Revenues are down, overhead is … Read More
Posted in Business, Debt Workout, Family and Business, Management, Navigating the Downturn, SBA Loans, Secured Bank Loans
Tagged: bankruptcy
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Don’t Give Up! Quitting Is Not An Option.
I live by this rule and it is sometimes extremely difficult. It tests my resolve and my commitment. It is one of my terms, my living standards. It’s my character, it’s whom I am. I do not give up. I … Read More
Posted in Business, Family and Business, Navigating the Downturn, Offer in Compromise
Tagged: Leadership
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Balance: The Key To Your Total Success.
Let’s face it, small business owners are addicted to their missions. They love to compete and to continue to raise the bar, they hang on tenaciously when barriers or obstacles present themselves, never giving up and always being willing to … Read More
Squeezing Profits Just To Get The Job? Stop!
Unfortunately, it appears to be a knee-jerk reaction. As revenues decline, business owners have a propensity to shave margins and lower prices to get the job. Why? What possible good result will occur from this common strategy? All that really results … Read More
Posted in Family and Business, Navigating the Downturn, Sales
Tagged: downsizing, Employees, overhead, payroll
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