Doug was more than instrumental in helping me through the sale of my business to a private equity group, he led the way through this unfamiliar territory. Doug helped me evaluate multiple offers and worked closely with my attorney and CPA to help me get what I wanted out of the transaction. Throughout the experience I moved with confidence lent to me by his experience and professionalism. This and his integrity meant much to me and to the buyer as well. I highly recommend you talk to Doug if you are considering selling a business.
Once fruits and vegetables have ripened, they begin to rot and become no longer edible. Ray Kroc, the founder of McDonald’s once said, “When you’re green you’re growing, when you ripe, you rot.” This applies to all of us, whether it’s in your business or your personal life.
A young business is always focused on growing since the business won’t survive in its infancy stage. However, as the business matures it’s easy to become complacent. Once the push to continue growth diminishes, typically the growth of the business stagnates as well.
So, how does a business owner get the business growing again if it’s become stagnant? Each business is comprised of many components, so the first step is to do a diagnosis of the business to evaluate the areas that need to grow again. The owner and management team should evaluate its operations, sales, marketing, products, services, customer base, finances, and the key people in the business.
There are manyRead More »