BUSINESS OWNER
Caution Business Owners! – Don’t Poke The Giant…
By: Scott E. Plaskett, CFP & John Warrillow On June 1, 2011, both Floyd’s Coffee Shops in Portland, Oregon were busier than usual. The regulars were elbowed out of the way by new customers visiting the store for the first time to redeem their coupon and get $10 worth of coffee for $3. This tempting…
Seven Powerful Ratios Entrepreneurs and Business Owners Need To Start Tracking Now
By: Scott Plaskett, CFP & John Warrillow Doctors in the developing world measure their progress not by the aggregate number of children who die in childbirth but by the infant mortality rate, a ratio of the number of births to deaths. Similarly, baseball’s leadoff batters measure their “on-base percentage” – the number of times they…
What Your Birth Certificate Says About Your Exit Plan
By: Scott Plaskett & John Warrillow In our experience, your age has a big effect on your attitude towards your business and how you feel about one day getting out. Here’s what we have found: Business owners between 25 and 46 years old Twenty- and thirty-something business owners grew up in an age where…
The Danger Of Market Timing The Sale Of Your Business
By: Scott Plaskett & John Warrillow The other day I was speaking with a successful CEO in his fifties who runs a heating and air conditioning company generating eight million dollars in revenue and over one million dollars in profit before tax. Even though he was tired and nearing burnout, he was planning to wait…