Posts Tagged With ‘ Running a Business ’

Want to start a business or transition out of a business? With Over $ 7 TRILLION in small business wealth created and owned by the Boomer generation, there is a huge transfer happening. As Boomers decide to cash out, those businesses will be up for sale or transfer. Younger generations won’t have to struggle as start-ups. They can seek to acquire these businesses. But you have to be smart about it. Yes, there are business brokers who can represent you in the buy or sell part of the transaction, but there is more. Sellers need help positioning the business to maximize the value. Buyers need... Continue Reading

We all get busy. Some consider it a badge of honor to always be busy. Yet when you really look at the results from a crazy busy person, there is not always the outcome you might expect. The desire to be busy comes from several contributing factors. I am basing this on years of executive coaching and business advisory work where I witness well-meaning people burn themselves out by accepting busy-ness versus results as the measure of success. First let me explain the basis from which many people accept the work loads they do. Desire to Perform – A few folks were raised with a guilted concept... Continue Reading

<img width="650" height="355" src="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2021/09/93120940_m-scaled.jpg?fit=650%2C355&ssl=1" class="attachment-medium size-medium wp-post-image" alt="" style="margin-bottom: 10px" data-attachment-id="13209" data-permalink="https://dougthorpe.com/8-time-management-techniques-for-busy-people/glass-hourglass-is-pouring-out-the-sand-expires-time-lost-time/" data-orig-file="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2021/09/93120940_m-scaled.jpg?fit=2048%2C1118&ssl=1"... Continue Reading

<img width="650" height="433" src="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2023/09/admanity-169788000_l.jpg?fit=650%2C433&ssl=1" class="attachment-medium size-medium wp-post-image" alt="doug thorpe and small business cooaching" style="margin-bottom: 10px" data-attachment-id="21918" data-permalink="https://dougthorpe.com/finding-time-as-a-small-business-owner-the-top-challenges-and-solutions/group-of-multiracial-business-people-working-at-laptops-in-company-office/" data-orig-file="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2023/09/admanity-169788000_l.jpg?fit=2508%2C1672&ssl=1"... Continue Reading

You’ve read the self-help books, you’ve attended the seminars, but you’re still finding yourself paralyzed when it comes to making major decisions. Sound familiar? Well, the solution might be simpler than you think. It may lie in a process called reframing, a technique that revolves around shifting your perspective to unlock your decision-making power. “Change the way you look at things and the things you look at change.” – Wayne Dyer Combining reframing with logical thought, deduction, and critical thinking could be your ticket to making better, more confident decisions. So let’s... Continue Reading

As a manager or a CEO, it is only normal to have that occasional conversation that seems to linger in your mind for days or even weeks. Difficult conversations are hardly soothing, but they can be remarkably productive if handled correctly. Crucial conversations are inevitable in every organizational structure, but with proper preparation, the outcome can be both helpful and meaningful. In this article, we examine seven practical tactics that will help managers have difficult discussions and turn them into a positive experience for all parties involved. Active Listening Active listening is a... Continue Reading

<img width="612" height="408" src="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2023/08/istockphoto-1178544987-612×612-1.jpg?fit=612%2C408&ssl=1" class="attachment-medium size-medium wp-post-image" alt="" style="margin-bottom: 10px" data-attachment-id="21808" data-permalink="https://dougthorpe.com/sunday-sun-stop-putting-your-hand-on-the-stove/istockphoto-1178544987-612×612/" data-orig-file="https://i0.wp.com/dougthorpe.com/wp-content/uploads/2023/08/istockphoto-1178544987-612×612-1.jpg?fit=612%2C408&ssl=1"... Continue Reading

Owning a business comes with a lot of responsibilities. Business owners have to juggle numerous tasks such as keeping their employees happy, meeting sales goals, and increasing profits, all while managing their personal lives. While these tasks are essential, they’re also some of the top reasons why business owners worry. As I started researching this article, I thought about all the traditional concerns a business owner faces. Examples are cash flow, personnel, product life cycle, and customer acquisition. Yet I was curious whether advances in business thinking had changed anything. After... Continue Reading

The traditional career path of climbing the ladder in a corporate job may seem like a safe option, but in recent years, more and more people are choosing to take the leap and pursue entrepreneurship. While there are certainly challenges to starting your own business, the rewards can be significant, from being your own boss to having more control over your work-life balance. But before you make the move, it’s important to be sure that you’re really ready for the unique demands of entrepreneurship. In this post, we’ll explore what to think about when making the move from corporate to entrepreneur. Think... Continue Reading

After reading an article from Gino Wickman where he reflected on his mentors, I was immediately sent down memory lane looking back on mine. If you’ve followed my blog or paodcast for long, you likely have heard me tell the story of lifelong mentorship. Being raised the only child of a hard working single Mom, I had dozens of mentors. Mom had the wisdom to recruit and surround me with men who could help me grow. It became such an integral part of my life that I never feared reaching out to add mentors to my circle as the years went by. To this day, I can start doing something and recall one of... Continue Reading