June 15, 2021
Cryptocurrency has become a fashionable asset over the past few years. However, many people don’t truly understand it. In fact, I recently had a business owner call me to ask if they should go “all in” on cryptocurrency. Hence, the title of this entry. Now, I told this owner not to place 100% of their money into cryptocurrency (“all in”), but that doesn’t mean it can’t have a place in your investment portfolio. With today’s entry, I’m going to try to explain an extraordinarily complex subject in financially simple terms. So, get comfy. There’s a lot to unpack here.
June 8, 2021
In my last entry, I detailed the story of fighting a bull shark during my family’s recent vacation. That story made me remember another fishing trip I took with my dad. As we set out for our spot, deep in the Atlantic Ocean, I remember hearing a lot of captains’ chatter on the radio. Because the water was choppy, they said we wouldn’t catch any fish. Our captain calmly reassured us that anytime you leave the shore, there’s lots of noise. The same is true in your businesses. When you set out to do something new, there’s always going to be a chorus of naysayers. Join me as I look at how to succeed despite the noise.
June 1, 2021
Recently, my family and I took a vacation. We typically plan a trip for this time of year because it’s a great time to get away, exhale, and recover from the stresses of tax season. During this year’s trip, we got a little more than we had bargained for when we took a deep-sea charter. With today’s entry, I want to share this incredible experience and apply the lessons that were learned to battling through business disruption. Get ready because, sometimes, it’s necessary to fight the shark!
May 24, 2021
One of my absolute favorite parts of living in beautiful East Tennessee is the fact that we have four seasons. In the winter, it’s cold and we get some snow. The summers are hot, making it ideal for spending days out on the lake. We get extraordinary views of God’s handiwork each fall, as the leaves change colors. And spring? Spring is awful because we get covered in pollen. However, I can’t help but think of the business cycle when thinking of our four distinct seasons. Whether you’re launching your business or guiding it through a recovery phase, understanding each stage of the business cycle can help you avoid disastrous mistakes. So join me as I explore the business cycle in today’s entry.
May 17, 2021
I recently received a question from one of our listeners. When I read their question, I realized that I had never really gone into great detail on this subject. This particular person had recently received a benchmark appraisal on their business and wanted to know the difference between a formal and an informal valuation. I believe that this is the perfect opportunity to really take a deep dive into the world of business valuations. Join me, as I take a hard look at formal or informal valuations.
April 29, 2021
Back in Q1 of 2021, my team and I completed a strategic planning session. From this session, came the podcast and blog series that we’ve just concluded. Over the past 10 to 12 entries, I’ve discussed my businesses’ KPI journey. As a result, we have received a massive influx of emails from you, wanting to know more about identifying and implementing KPIs. In fact, I think we’ve gotten more of a response on this topic than any other that we’ve ever covered. So, today’s entry is all about how to simplify your life through KPI application.