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Archive for 2012

Fall in love with your Business – Again

Fall in love with your Business - Again

Featured Topics: Exiting a Business, Selling a Business, Business Succession, Business Exit Planning [powerpress] It’s human nature that once we ‘fall out of love’ with something it’s really difficult, sometimes impossible to ‘fall in love’ with it again. The business world is strewn with owners who have fallen out of love with their business. This happens often, whether it’s from burnout from the stresses of meeting payroll, getting orders out on time, handling personnel […]

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Commandment #1 – Know Thy Customer

Commandment #1 - Know Thy Customer

Host:  Joel Goobich, Big Picture Advisors Featured Topics:  Target Market, Market Analysis, Cash flow is the movement of cash into and out of a business. It is the oxygen by which business operations breath. Without positive cash flow a business will run out of the liquid financial assets that keep a company growing. Many businesses fail because they lack adequate capital, have limited or no lines of credit or have inadequate cash management. This […]

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Receivables are Cash waiting to happen.

Receivables are Cash waiting to happen.

Guest: Chris Lehnes – Versant Funding Featured Topics: Cash Flow, Accounts Receivable, Factoring, Receivables Funding [powerpress] Let’s face it, a sale is meaningless if you can’t collect timely payment for it. In essence when you sell on credit, thereby creating an account receivable, you are giving your customer a discount. They get to use the product or service that you have provided for a period of time without having to pay for it. At […]

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Stop the Presses!! – Newsweek is stuck in an old business model

Stop the Presses!! - Newsweek is stuck in an old business model

Stop the presses. I mean literally STOP THE PRESSES. (I really did mean to yell). That’s what’s going to happen at Newsweek at the end of this year. That’s right, after nearly 80 years of publication, the news magazine will no longer be printed. It will no longer “go to press”. Newsweek, under the direction of Editor-in-Cheif Tina Brown has created an exit strategy and will be implementing an exit plan to fully transition […]

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A Brokered Sale – Part B

A Brokered Sale - Part B

Guest: Barbara Taylor, Synergy Business Services. LLC Featured Topics: Business Brokers – How a Business Broker works to sell your business [powerpress] This episode (part B) continues my conversation from earlier this summer with Barbara Taylor, a business broker based in Rogers, Arkansas. This section of the interview deals with how a business broker works. How do they help a business owner prepare to sell their business? What is the due diligence that a […]

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The “magic” behind a great exit

The "magic" behind a great exit

Host:  Joel Goobich, Big Picture Advisors Featured Topics: Business Exit Plan, Exit Strategy, Succession Planning, Exiting a business [powerpress] Exiting a business does not involve any magic. There is no great “magic” trick where a magician waves his wand and ‘poof’ in a cloud of smoke you disappear and exit to the next big thing in your life. Here’s a simple fact – Everyone Exits. (Nothing earth shattering in this pearl of wisdom). On […]

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Loose Seats show how Stuck American Airlines is

Loose Seats show how Stuck American Airlines is

Funny how having something loose is indicative of being stuck. The irony of it is downright humorous if not for the potentially dangerous situation this represents to the flying public. But that is truly what is going on these days at American Airlines. The recent revelation of problems of loose seats that have crippled this airlines operations this week are just the most recent example of internal issues that have this company stuck in their […]

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Risky Business

Risky Business

Guest: Kyle Hafstad – InKnowVision Featured Topics: Business Insurance, Exit Planning, Life Insurance, Estate Planning [powerpress] Running a business is risky. Even the most successful businesses have a high degree of risk. Markets change, competitors are constantly nipping at your heals, employee issues,  cash flow, capitalization, operational concerns. The list goes on and on. On this podcast episode titled “Risky Business” we talk about one aspect of the business risk issue – that is […]

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Getting Stuck with your website

It’s easy to get sucked into the endless tweaking of getting your website just right. Whether it’s an e-commerce store, a blog or just a simple basic ‘static’ website, there never seems to be the absolutely perfect configuration. It’s so easy to get stuck spending a lot of time and effort on these tweaks. Why is that? Well one reason for sure is the need to keep our content fresh, our keywords up-to-date and […]

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What are you REALLY worth? It’s not what you think.

What are you REALLY worth? It's not what you think.

Guest: Chris Mellen, President – Delphi Valuation Advisors Featured Topics: Business Valuations, Business Appraisal, Range of Values, Fair Market Value [powerpress] On the episode titled “What are you REALLY Worth – It’s not what you think” we explore the complex but critically important issue of determining a value for your business. Any good business owner understands that their business is essentially an investment. And as any successful investment it is key to know its value […]

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About the Host

Joel Goobich is a big-picture guy with sharp insight into how individual parts make a strong whole. He has 30+ years of entrepreneurial endeavors; starting, building and exiting businesses. He is tireless in the pursuit of solutions to boost your business and put you on a track to a profitable transition and exit to your next act.