Many times small and medium sized business principals become overwelmed working "in" the business rather than concentrating "on" their business. You have questions that aren't readily answered by your CPA or attorney. Is there someone out there who has experienced growing from dream to reality?
Auto Pilot
Dave Thompson & Brett Lechtenberg talk about AUTO PILOT
July 14, 2009 - Brendan Cunningham and I talk about the problems seen in businesses.
Click link below - You will receives a warning message about never entering your Facebook password, Click "Continue" and you will be redirected to the Blog Tak Radio interview. Wait a few seconds and it will start.
Brendan does a couple of minutes of intro and them we get into the interview.
Perhaps you started the business 25 years ago because you did not like working for someone else. Nice, in your dreams you imagined the business would provide you a living. There have been tough times and not so tough times. The business doesn't only provide for your family but also for the thirty people that work for you.
Fintel Financial Analysis and Benchmarking: is a powerful financial assessment and benchmarking tool that allows you to compare your business to other businesses in the same industry without revealing your own financial information.
Now you can use your financial reports to actually manage your company. FINTEL maintains a database of over 900k private small businesses and allows you to benchmark your performance against other similarsized competitors in your same industry segment. You can also evaluate profitability, cash flow, liquidity and even estimate your valuation if selling or taking on new partners.
FINTEL is an extremely powerful and renowned business intelligence solution that is well known and respected across the globe. This impressive tool was originally developed in conjunction with the Ewing Marion Kaufman Foundation, which is often referred to as the world’s largest Foundation devoted to entrepreneurship.
The Fintel dataset is unique, offering financial insights not found anywhere else. It covers more than 900,000 mostly privately held companies that do not publicly disclose their financial information from over 2,500 different industry groups as classified by either SIC (Standard Industry Classification) or NAICS (North American Industry Classification System).
Benchmarks present the most important Key Performance Indicators derived from the dataset that are critical to understanding and evaluating the state of, and the prospects for, any business based on its financial situation.
Tools and reports can be used to present industry analysis statistics or to display side-by-side comparisons of an individual company and industry benchmarks of an entire industry of similarly sized entities.
If you are entertaining the idea of selling your business in the next 1 to five years today is the day to start the preparation. Value is paid for the value of the business AFTER you have stepped aside. The better the systems and organizations development the more likely the purchaser will be able to replicate or enhance your success. Be ready, today's economy is the perfect ime to hone your skill, dress up the business and show the perspective buyer how "recession proof" it is.
Executive Coaching
One on one sessions with the business principal, helping renew the strategic innovator within, defining issues that impede goal achievement education that provides proven results and proving a weekly accountability session. Executives can choose to focus on a single issue, or variety.
