by sjostrom | Oct 29, 2019 | TheSevenFigureAdvisor
By: André Larabie, CBC, MBA, PhD Normally, we think about creating our own businesses for different reasons such as being independent and not being accountable to anyone, that is, being their own boss, also to develop our own ideas and see them grow and, of course, to...
by sjostrom | Oct 29, 2019 | TheSevenFigureAdvisor
By: André Larabie, CBC, MBA, PhD Making a business grow is one of the biggest challenges that anyone can ever have, but it’s also one of the most rewarding–there’s nothing more beautiful than looking at something that you have created and realize how much it has grown...
by unicorny_4ung72 | Sep 1, 2019 | TheSevenFigureAdvisor
By: André Larabie, CBC, MBA, PhD In this section of the Business Turnaround Plan, you will provide an overview of all those positions you will be keeping and why they will be retained in the post-turnaround period. You will also discuss those positions that will...
by unicorny_4ung72 | Sep 1, 2019 | TheSevenFigureAdvisor
By: André Larabie, CBC, MBA, PhD Consider an oil-painting business owned by an artist who paints about 1 picture per month. Is this business attractive to a potential buyer? As long as he will agree to keep generating these paintings at this rate (or some other rate),...
by unicorny_4ung72 | Sep 1, 2019 | TheSevenFigureAdvisor
By: André Larabie, CBC, MBA, PhD With respect to business failures and business turnarounds, certain concepts are very important. If you own a distressed business, you should take the time to understand them. Revenue stability is one of them. I have coined a phrase,...
by unicorny_4ung72 | Sep 1, 2019 | TheSevenFigureAdvisor
By: André Larabie, CBC, MBA, PhD To illustrate the concept of revenue stability, it helps to consider extreme cases, so let us do that here. First of all, when I mention the words “stable revenue,” what type of business comes to mind that has a very high degree of...
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