My bank doesn’t support my vision. Don’t they want to make money?

  This is the third in a series of conversations between a financial consultant and trusted advisor named Jay and his clients and friends. The conversations deal with the misconceptions and misunderstandings between business owners and their bankers. I hope you find it helpful and entertaining.  Jay sat in his car looking at his schedule.… Read more »

I Think I’ve Upset My Bank, Now What?

This is the second in a series of conversations between a financial consultant and trusted advisor named Jay and his clients and friends. The conversations deal with the misconceptions and misunderstandings between business owners and their bankers. I hope you find it helpful and entertaining.  Jay turned the ignition and flipped on his car’s air… Read more »

Is Your Banker Weird? Really?

This is the first of a series of conversations between a financial consultant and trusted advisor named Jay and his clients and friends.  The conversations deal with the misconceptions and misunderstandings between business owners and their bankers.  I hope you find it helpful and entertaining.  Jay took an iced tea from the drink stand and… Read more »

To Business Owners: Make these 3 New Year’s resolutions before you try to sell your business

If you own your own business and you’re considering selling your business this year you aren’t alone. Four million Baby Boomers (ages 54-72) currently own businesses in the US. Most understand that the time for their exit is approaching. About 80% expect to sell their business within the next 10 years. Of those business owners,… Read more »

Why Give Up?

  Why would a business owner walk away from a life’s work without even exploring the possibility of selling their business? I didn’t intend to write this article. I have a pile of other interesting topics waiting for my attention. But I had two conversations last week I found troubling. In both conversations I heard about… Read more »

The Law of Competitive Balance – Smart Business Advice from America’s Leading Sabermetrician

 In his bestseller Moneyball, Michael Lewis introduced his readers to sabermetrics. The Google Dictionary defines sabermetrics as “the application of statistical analysis to baseball records”.  He also introduced his readers to Bill James, who began evaluating baseball through the use of innovative statistics in the late 70’s. Unlike most of the first generation of sabermetricians,… Read more »

Beware the “Country Club Price” A Letter to Business Owners Selling their Business

Dear Business Owner, You’re thinking about selling your business and you’re excited. You were sitting in the club room after a round of golf last week-end and one of your fellow club members let drop that he had just sold his business for 10 times earnings.  You’ve mentally applied that multiple to your earnings and… Read more »