January 15, 2019
Differences Between Small Business Leaders and Managers

6 Key Differences Between Small Business Leaders and Managers

You have heard me say that leaders motivate and inspire others. They look into the future and see the big picture of the company. At this point, you may be thinking, “That sounds like a manager to me.” Well, that’s not exactly correct. Management guru, Peter Drucker talked about the distinction between managers and leaders. Specifically, he said, “Management is doing things right. Leadership is doing the right things.” I realize that there is little difference between managers and leaders in Drucker’s play on words. However, there are distinct differences between small business leaders and managers.
January 14, 2019
How to build a pro forma

How to Build Pro Forma Financial Statements That WOW Investors

You’ve probably heard the term pro forma before, and maybe you even have an idea what it is. According to the Business Dictionary, pro formas are “assumed, forecasted, or informal information presented in advance of the actual or formal information.” That’s the basic definition, but what does that mean? In a nutshell, you’re taking historical numbers over the last few years, and you’re trying to project them forward into the future. You’re using a spreadsheet to create pro forma financial statements.
January 10, 2019
the essential leadership qualities list for every small business owner

The Essential Leadership Qualities List for Every Small Business Owner

When it comes to leadership, there’s no expert I rely on more than American author and pastor John C. Maxwell. As a companion book to his 21 Irrefutable Laws of Leadership, Maxwell wrote The 21 Indispensable Qualities of a Leader Becoming the Person Others Will Want to Follow. I’ve got to tell you. This is one of the top 10 books I recommend business owners read. For me, it’s powerful. So much so that I’m going to share with you my take on what I learned from the book, as a Certified Value Growth Advisor… the list of leadership qualities of successful small business owners.
January 9, 2019
Are You Hurting Your Businesss Long term Value

Are You Hurting Your Business’s Long-term Value? 4 Questions To Ponder

As a business owner, I often think my business is doing great and every aspect of it is running beautifully. It reminds me of an old adage my dad used to say, “Son, you never tell a woman that the baby is ugly or you might get slapped.” However, that’s a problem for business owners looking to succeed. Mismanagement in business is clearly visible. Our “baby” is ugly as it can be and we don’t even realize it. Eventually, we find out our business isn’t as attractive to potential buyers as we think. So, here are four strategic questions to ask yourself when approaching a potential exit plan. Even if your 10-15 years out, you need to know NOW if you are hurting your business’s value. 
January 7, 2019
Worlds Best CEO Jeff Immelt Shares His List of Leadership Must-Dos.jpg

“World’s Best CEO” Winner Jeff Immelt Shares His List of Leadership Must-Dos

As a small business owner, one of your many jobs is to lead your company to greatness. Yet, not all business owners are leaders, and not all leaders are small business owners. Sometimes, you have to work on your own leadership skills to become the effective leader your company needs you to be. Other times, you need to raise up good leaders within your business to take your company to the next level. Either way, you need to be able to identify the leadership must-dos.
January 4, 2019
top business games to learn business principles

Top 6 Business Games… Learn Business Principles the Fun Way!

Maybe it’s because I’m a business owner myself or maybe it’s because I like giving my kids every opportunity in the world, but I don’t want my children to learn business ownership skills the hard way. That is why I have created my list of top business games. I want to equip them now with some of the basics of business in case they want to open their own company in the future and one simple (and fun) way to learn is through play. So, turn off the TV, grab a game, and make some family memories that will help your them in the future.