Taylah Wallace - Monday, April 03, 2017

In 2013 the average age of a business owner was 58 and trending up.  Of these owners 64% would seriously consider selling their businesses if approached and 33% are relying on either selling the business or continuing in ownership to fund their retirement.  More than half (55%) of owners have no strategic plan.  Again, 55% of all exits from businesses are due to death, disability, bankruptcy, receivership/liquidation or just simply closing (presumably because they have no planned exit).  As such, more than half of businesses have no business succession which is potentially costing those owners lots of money. Read more

Confront those Demons

Taylah Wallace - Monday, March 20, 2017

Many years ago I attended a presentation by Michael Gerber (author of "The E-Myth" and related books).  During the presentation he made a number of comments about small businesses and their owners some of which you would expect and many which you would not (at least at that time). Read more

Are we winning?

Taylah Wallace - Monday, February 20, 2017

Imagine attending your football team's game and being unable to determine whether it's winning or losing.  How frustrating! Most people would probably leave or at least be unlikely to attend another game unless they were certain a scoreboard with the correct scores was in operation.  A sometimes surprising fact is that many small businesses operate in this manner.  There is no up to date scoreboard to provide feedback on whether the team is "winning". Read more

Small Business Contentment Survey

Taylah Wallace - Monday, February 06, 2017

If you own or manage a small business ask yourself the following questions and answer them with brutal honesty.  Read more