by George Sotiropoulos | Aug 24, 2023 | Dependency on Owner, Business Value
“Is this plane safe?”“I can answer that after we land.”Would you get on that airplane?Sounds ridiculous?And yet, flying and landing an airplane is much easier than running a business.According to the U.S. Bureau of Labor Statistics, roughly 20% of small businesses...
by George Sotiropoulos | Aug 22, 2023 | Dependency on Owner, Scaling the Business
When we went camping as kids, one of the first things we packed were our trusty swiss army knives.It seemed to have everything we would ever need for those days in the forest.Open cans, bottles, cut our nails, cut the food… you name it.A good swiss army knife can be a...
by George Sotiropoulos | Aug 18, 2023 | Business Value, Dependency on Owner, Scaling the Business
Imagine owning a business where no one cares how profitable you are.Nor the colours of your logo or how entertaining your advertising is.Instead they judge you on one thing.Do you bring trophies home?Welcome to the fascinating world of Pro sport franchises.You don’t...
by George Sotiropoulos | Aug 16, 2023 | Business Value, Dependency on Owner, Scaling the Business
“If five times as many customers came to your door today, how well could you handle the extra flow, from easy to impossible?”It’s a fun question to ask.And leads to great discussions with my clients.As it gets to the heart of how much room they have to grow today...
by George Sotiropoulos | Aug 14, 2023 | Business Value, Dependency on Owner, Scaling the Business
Michael Jordan won 6 championships with the Chicago Bulls in the 1990s making their team a dynasty.What many people forget is that it took 7 years for Michael to hoist that first trophy.He was drafted into a very bad team in 1984.And besides his second year when he...
by George Sotiropoulos | Jul 21, 2023 | Business Value, Dependency on Owner, Scaling the Business
Let’s finish the week and this topic of a game of inches and how it applies to business.I want you to imagine you have someone who wants to buy your business and has offered you a life-changing amount for it.Do you have that amount in your head?Great..Keep it in...
