Site Archives Planning

New Year’s Resolutions That Are NOT For You

Posted by Thomas Goodwin on January 1st, 2008

Happy New Year!  It’s that time of year again when we all make idle promises to ourselves that we’ll quit smoking, start dieting, exercise more, and so on.  But what about our business? 
While many businesses have strategic goals, long-term plans, mission statements, and exit strategies perhaps it’s also time that we started making new year’s [...]

The Negotiation: Come Ready, Leave Happy

Posted by Thomas Goodwin on September 23rd, 2007

Whether you’re sitting across from the other party in a fancy boardroom or standing on a gravel parking lot haggling with a used car salesman, there are some basic principles or strategies that will help you during the actual negotiation.
Be direct.  Don’t hint around at what you want or what you have to offer.  Make [...]

Be Deal-dextrious! Know Both Sides Before Negotiating

Posted by Thomas Goodwin on September 22nd, 2007

I have a friend that use to sell cars for a living and he said something that has stuck with me to this day.  “A good deal is a state of mind.”  Meaning of course, that as long as the customer thought she or he was getting a good deal, then it was a good [...]

That Restaurant Isn’t Sexy

Posted by Thomas Goodwin on August 19th, 2007

Before you go rushing that freshly minted copy of your business plan into the venture capitalist’s office, there’s something you should know: that restaurant isn’t sexy.  Let’s step back and explain what we mean and then see if there’s something we can do to fix it.
The Lifestyle Business: Small Business Owners
Most small business owners are [...]

The Many Structures of Forming a Company: LLC, S-Corp, C-Corp

Posted by Thomas Goodwin on July 10th, 2007

If you are like many entrepreneurs you have a great idea but are struggling to get your new venture started. Of the many decisions that you need to make – from marketing your product or service, handling logistics, to managing your cash flow, etc. one of the most important decisions will be deciding what form [...]

Large Funding and Business Plans Not the Norm

Posted by aaron on September 8th, 2006

According to a recent survey by the Wells Fargo/Gallup Small Business Index, the typical start-up is funded by less than $10,000 and does not have a business plan. The survey also gleaned some insights from these bootstrapping entrepreneurs:

While more than half of the approximately 600 business owners surveyed said it would have been easier to [...]