by George Sotiropoulos | Nov 14, 2024 | Business Value
Business owners often ask me how their business is valued.I answer with a simple story.Imagine I’m holding an auction for a promissory note that could either pay you $1 million in a year or nothing at all.How much would you bid for this promissory note?Most...
by George Sotiropoulos | Nov 13, 2024 | Business Value, Dependency on Owner, Scaling the Business
My parents were friends with “Uncle Ted” and his family, whose kids were the same age as my siblings so we hung out a lot.Ted was a success story in the United States.As an immigrant he worked hard, started his own business and became a successful manufacturer of...
by George Sotiropoulos | Nov 12, 2024 | Business Value
by George Sotiropoulos | Nov 11, 2024 | Business Value
Last night I was watching a Netflix special on the 2004 Boston Red Sox.It took Boston 86 years to win a championship and this documentary highlight how they finally got past the hated New York Yankees in the semi-finals.A key aspect in that season was when the General...
by George Sotiropoulos | Nov 8, 2024 | Uncategorized
Bob owned a driving instruction business. He was dedicated—fully hands-on, loved what he did, and put in 100% every day.He owned a fleet of cars but also kept himself busy doing some of the personal driving instructions himself.It was on such a drive when the red...
