This article is Part 1 of a 2 part series focusing on selling your business. It takes significant planning and preparation to successfully exit a business. Understanding the strategy behind selling your business will help you make decisions concerning your business both today and when you sell it. Here are several questions you need to consider. What are your financial needs? The first step is figuring out what you need to get out of your [...]
This month marks my 50th anniversary in the banking industry and I have had the pleasure of working alongside hundreds of business owners throughout my career. I’ve been around a lot of banks throughout the years and I have to say I’m most proud of the model we use at the Business Bank of Texas. Since 2007, our vision is to provide the best in customer service along with the latest in banking technology to [...]
As the clouds parted and the beautiful Texas sky opened up, I watched nearly half of my students graduate from Texas Lutheran University on Saturday evening. Never one to pass an opportunity to give an opinion, I shared some final thoughts with my graduates. Well…..you screwed up….you graduated. Now you have to deal with the “real world.” Remember, I warned you. However, before you go my sincerest congratulations and a few last words of questionable [...]
As a senior operating executive I have been leading companies through transitions for 20 plus years.Sometimes it’s because they have hit a major bump in the business road. A sudden drop in sales resulted in a lack of cash for instance brought on a crisis. But for more companies it was the fact they couldn’t transition past the middle market obstacles that Doug Tatum in his best selling book so aptly described, as the place [...]
You may never have thought the CFO a has sales role to play. I think they do and it gets proved to me again and again. I’m about to present a Marketing for Growth workshop. When you get beyond the basics of marketing techniques, it’s all about the numbers. That’s what I will be talking about at my session to get owners thinking about more than FaceBook and Twitter or blog posts. Sales efforts with no [...]