How to Buy or Sell a Small Business

When medium or large size companies are purchased or sold their owners usually get help from an investment banker, lawyer or accountant.  If you are trying to buy or sell a small business (let’s say something less than $3-5m in revenue) it’s a different...

Customer Profitability 101

All customers are important, period. There are large customers, small customers, emerging customers, "mature" customers, etc...but the question of interest in this post is...who are your most profitable customers? Understanding customer profitability is critical....

Contingency Planning 101

Things were just fine. Low unemployment, low interest rates, healthy consumer spending and generally healthy industrial production and housing statistics streaming from your favorite news sources....a contingency plan seemed like the last priority. Then all hell broke...