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Management

Glass Business is Sound Business for New Glass Guru Franchisees

I recently had the opportunity to speak with Michael and Valarie Gomm, the husband-and-wife team behind the new The Glass Guru franchise in Wichita, Kansas. Michael and Valarie first became aware of, and interested, in the franchise when they experienced a failed window of their own. We discussed…

Project Management: Keys to Clarifying a Critical Role

Project management is many things. The term project management is a broad category. It can be defined and manifested in many ways. There are key aspects and processes to the role of project management that need to be executed in order to achieve success. Project management in one company differs…

Are You Top Gun When It Comes to Innovation?

I was recently turned onto a podcast called The Rewatchables, which features a round table discussion of movies the hosts can’t seem to stop watching. This show is insightful without being boring, and the cast is hilarious. Recently I listened to an episode where they broke down the 80s classic, “…

THREE ELEPHANTS IN THE ROOM DURING AN OWNER’S EXIT

This article presents three key considerations for owners as they plan for their exit from a business. They are the Three Elephants in the Room: taxes, succession and planning for what’s next.

3 Financial Strategies for Uncertain Times

The Bottom Line We are in a unique time where there is uncertainty but also access to relatively cheap financing. This environment allows companies to improve their safety net, and potentially profits, by leveraging financing. It also allows them to improve cash flow by leveraging vendor…

Global Sourcing

Shipping containers at Port Elizabeth, New Jersey.  Unique projects demand unique products, which may demand turning to unique suppliers. While a fabricator or glazing contractor may be willing to go to the ends of the earth to find the product that meets the client’s specific needs, the reality…

Financing Big Orders

Getting a large order can be either a blessing or a source of major problems for a company. It’s an obvious blessing if the company has the resources to fulfill it. However, if the company doesn’t, large orders can create havoc. It must scramble to find the resources to fulfill it. This task is…

Client Bankruptcy

Always avoid clients who are in a shaky financial position. They are prime candidates for bankruptcy. This advice may sound obvious, but few companies do anything about it until it is too late. This article presents strategies to detect and avoid potential client bankruptcies. But before…

Industry Partnerships are Key to Business Success

As a new blog contributor, I wanted to take this opportunity to give you a look at my past, the chances I took in business, and the partners who supported myself and the business along the way. It seems like only yesterday that, at the age of 43 and with three kids, I ventured into this new…

Is Your Glass Company Recession-ready?

There is growing concern that the United States is entering a recession. The decade-long recovery may be losing steam, and the economy may experience a contraction. At least, that is what some experts, and many TV pundits, say. Conversely, many experts are looking at the same or similar data and…