If you are a business owner who is looking to sell or transfer your business, then it is important to understand the importance of effective succession planning. Succession planning helps ensure the future of your business is bright and secure, regardless of who owns it. Let’s break down what succession planning entails and how it
Buying & Selling a Business
Is it Possible to Find a Franchise Side Hustle?
You may want to own your own business but you also don’t want to quit your day job. Is it possible to find the elusive extra income to add to your bottom line and possibly even give you the freedom to quit your job in the future?
10 Tips for Starting a New Business in Iowa
Are you thinking about starting a new business in Iowa? Here are 10 tips to get you on your way.
Private Equity Buying Up Small Businesses
Really interesting article in this weekend’s Wall St. Journal on how private equity firms are buying up car washes and turning them into regional chains. There is a trend in private equity to buy up small businesses is to bundle the businesses in order to “roll-up” those businesses and find new ways for them to…
When Forming a Business Deal Be Sure to Get It in Writing
A business owner approaches you to invest in his business. He comes up with an idea to “sell” a portion of his equity in the business. You listen to the business owner’s pitch and likes the idea. You decides to invest in exchange for “ownership.” The problem? Nothing is in writing, you have invested the…
Greater Des Moines Partnership Annual Dinner: Mia Hamm on Achieving in Sports and Life
*This blog post was originally written for the Greater Des Moines Partnership.
I am fascinated by the mindset of high performers regardless of their profession. Because I am a sports nut, I am particularly drawn to the champion mindset of athletes. How are the very best able to achieve at such high levels? For…
In March of 1995, Michael Jordan had one of the shortest press releases announcing his return to basketball. He simply said,
Well, I may not be the caliber of Michael Jordan, but after a long hiatus I am announcing I am back to blogging. I have been blogging (for the most part continuously)…
Entrepreneur Iowa Podcast Interview on Franchising, Business Law, and Business Success
I was recently interviewed on the Entrepreneur Iowa Podcast by Dan Tooker. Dan is with the Des Moines Radio Group and is also the owner of Franchising Done Right. Dan’s franchise related business helps displaced executives and budding entrepreneurs find franchise opportunities. Dan and I discussed franchising, what it takes to be successful in business,…
[Franchise Update 12/18/20 Edition]: 6 Things Franchisors Should Do to Prepare for 2021
I saw a post from Global Franchising that warranted attention from franchisors as we move into 2021. All too often I have seen franchisors this year bury their heads in the sand and not communicate with franchisors. This article discusses six…
7 Steps to Franchise Your Business
Are you interested in starting a new franchise? This blog post will discuss 7 initial steps to franchising your business.
Step 1: Decide if franchising is right for you. Franchising is not something to take lightly. It is a significant commitment, not only in terms of time but also the financial investment required to start…