I spent last weekend in eastern Montana with a handful of third and fourth generation farmers and ranchers, relatives of my wife. Truly beautiful … [Read more...] about Small Business Succession Planning Secrets
management
The Hidden Magic of Arithmetic Growth
Many investors know about geometric growth, which is what compound interest is. Investors, for example, know that if you earn an annual 5 percent … [Read more...] about The Hidden Magic of Arithmetic Growth
In-N-Out Burger: Masterpiece Burger, Masterpiece Business
I really, really like In-N-Out Burger. In fact, my opinion? In-N-Out delivers the very best fast food burger available. This blog post isn’t a … [Read more...] about In-N-Out Burger: Masterpiece Burger, Masterpiece Business
Has Your Small Business Stopped Growing?
Has your small business stopped growing? I might know why. And more importantly, if it turns out the textbook answer I give is right, the answer … [Read more...] about Has Your Small Business Stopped Growing?
Pricing Small Business Services Profitably
A weird coincidence: Over the last week, I’ve run into two friends (not clients) who told me they aren't pricing small business services … [Read more...] about Pricing Small Business Services Profitably
Reading Steven Pinker: A Guide for Entrepreneurs
This blog covers practical, how-to subjects relevant to small business owners. We talk here about how to handle accounting problems, deal with … [Read more...] about Reading Steven Pinker: A Guide for Entrepreneurs
Small Business Monte Carlo Simulation
Somebody asked me about building a small business Monte Carlo simulation worksheet. They’d seen the earlier blog post we’d done about stock market … [Read more...] about Small Business Monte Carlo Simulation
Section 199A Technical Corrections Fix Grain Glitch
On March 22, 2018, the President signed into law the Section 199A technical corrections that fix the grain glitch. The bad news with these Section … [Read more...] about Section 199A Technical Corrections Fix Grain Glitch
The Technology Entrepreneurship Intersection
Last week, this blog discussed one of the important small business insights from Bhu Srinivasan’s excellent book, Americana: A 400-year History of … [Read more...] about The Technology Entrepreneurship Intersection
Henry Ford and the Problem of Customer-ization
Last month, while on vacation, I read Bhu Srinivasan’s excellent book, Americana: A 400-year History of American Capitalism. Srinivasan’s epic work … [Read more...] about Henry Ford and the Problem of Customer-ization