Doug and Polly White
Doug and Polly White own
Whitestone Partners Inc., a management-consulting firm that specializes in helping small businesses grow profitably. They are also co-authors of Let Go to GROW, a bestselling book on why some businesses thrive and others fail to reach their potential.
Starting a Business
So you have the qualities needed to be an entrepreneur. But before you charge headlong into your own venture, think these issues through.
First, figure out your number. Then determine how much you need to sell your business for to reach it.
There are specific actions you should take before and during the termination to make it as smooth as possible.
Buying a Business
Purchasing an existing venture can be very rewarding, or it can be a nightmare.
Cash Flow Center
Analyzing this helpful tool is essential to being able to run your business successfully.
In general, company credit cards are more trouble than they are worth. Consider these two scenarios before making a decision.
Unfortunately, fraud extends to job candidates, so make sure to do due diligence and verify the details.
When you face challenges, follow these tips to make your company stronger.
No higher-level math is required. Instead, what's needed is a down to earth, common sense approach.
Qualities and characteristics should be looked at, but the only metric that really matters is results.
This numeric value is super critical as it affects the profit you'll get from a deal.
The "one price fits all" philosophy does not work in all industries and under all circumstances.
Grow Your Business
Utilizing cycle-time reduction can hit the trifecta of improvements.
Managers shouldn't quickly dismiss those currently out of work, but like any other potential hire, due diligence is required.
A company's culture isn't something that gets built after it "grows up." Leaders form their organizational culture from day one.
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© 2015 Entrepreneur Media, Inc.