Posts Tagged ‘business life cycle’

• Rolodex: Your Last Asset or Your Best Asset?
  tamelarich, February 10th, 2010 at 6:07 am, Comments: 0

  When I liquidated my industrial and environmental cleaning business I kept my customer list. While all my competitors claimed they wanted it, none wanted to pay me for it outright. I got lots of "earn out" proposals that promised to pay me a commission each time they did work for my clients, but I didn't [...]

• Is Candor the Best Approach?
  tamelarich, January 27th, 2010 at 1:33 am, Comments: 0

  A woman I know owns a food preparation business in NC. The kind of place that does all the shopping, cutting and cooking so that customers simply come to her kitchen to assemble meals, which they then reheat at home.
  In November she sent an email to her list laying her cards on the table: business [...]

• Wind it Down?
  tamelarich, January 13th, 2010 at 12:02 am, Comments: 0

  One of the reasons I didn't shut down my unprofitable business sooner was that I had no idea how to do it.
  Don't laugh. No one goes to business school to learn how to wind a business down and every red-blooded entrepreneur wants to focus on growth, not failure.
  Here's what Rick Mitchell, bankruptcy attorney (and Chapter [...]

• Serenity Prayer for Floundering Businesses
  tamelarich, December 23rd, 2009 at 1:03 am, Comments: 0

  The Kauffman Foundation just published a study of 549 company founders of successful businesses in high-growth industries.  My favorite finding: "40 percent cited lessons learned from failures as extremely important – the second-highest “extremely important” rating."
  I didn't believe it, either
  In my experience, the key to learning from failure is to first accept it. When my [...]

• While Nero Fiddles in Washington
  tamelarich, October 28th, 2009 at 1:09 am, Comments: 0

  When politicians pay homage to all the "right" constituencies on the campaign trail, small biz is in line right behind motherhood and apple pie.
  Then they're elected.
  Last October I actually took the time to write to my representative suggesting Congress should focus its attention on programs for banks whose business models hadn't been sidetracked by exotic [...]

• Tax Help – What do you really need? (Part 3 of at least 3) Tax Attorneys
  IRON100, October 23rd, 2009 at 3:35 am, Comments: 0

  In thinking about this post, I decided that I would invest most of my effort in defining what the tax attorney does and then in the next post defining what an enrolled agent does.