It's widely accepted that growth requires money and that the current economic climate would be characterized as growth oriented. However, not everyone is flush with cash. When you need credit to invest in the growth of your company what options do you have? Seeking alternatives to the traditional methods might be an answer in this [...]
With growth, in some form or another, being a common goal amongst multi-unit franchisees, we have been looking at key areas of focus to ensure proper planning for growth. For owners simply looking to grow in units, franchise CPA Michael Iannuzzi, in our last article, "How to be Well Equipped for Funding Growth," shared the [...]
Looking forward is easy to do, especially when you are dreaming of your next step to amp up the business. However, say the words “succession planning” and suddenly looking forward stops as many believe “we aren’t there yet,” or “I’m done, my estate plan in buttoned up.” To many, the phrase succession planning reflects [...]
As we enter into Spring, comes with it, CONVENTION SEASON for my friends at The Rawls Group. I am thankful that I do not have get involved in any of the planning, but do enjoy participating in the "fruits of their labor.” For example, I am looking forward to some free wine and fun [...]
Many owners remain as the only key manager in the business and fail to develop people under them who have actual leadership capabilities. This sort of hub in spoke structure, inhibits growth and organizational longevity because eventually the business grows beyond the capacity of the owner, and there is no bench for when the [...]
Some things in life are actually fun to plan, such as weddings, vacations, and special celebratory events. The planning that goes into the event usually leads to a happy outcome, regardless of how long the planning takes and even if there are bumps along the way. Business Planning, on the other hand, can get [...]
As we prepare for a new year we often focus on keeping/growing what we have gained, or minimizing what we have lost. We also tend to get tunnel vision on growth and what the new year will bring. And, we cannot help but reflect on the past year as we look forward to where [...]
What is your workday mantra? The Chairman of The Rawls Group, Loyd Rawls, reminds us often to “do good, have fun, and make money.” I believe it is a tone to set for the day. The order in which it’s spoken makes all the difference. I find myself often wondering if I’ll hit all [...]
We cannot predict when disaster will strike, but current events prove it can happen at any time. Whether it is hurricanes, flooding, blizzards, tornadoes, droughts, or wildfires, timing can only be determined by the "odds." This can cause us to become complacent in thinking that disaster will not hit our family, business, or geography. Thus, [...]
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