You-Proofing Your Business

Making your business less dependent on you has a number of benefits: you can scale your company more quickly if you’re not acting as a bottleneck; you get more time to enjoy life outside of your business; and a business less dependent on its owner is much more valuable to an acquirer. Pulling yourself out of the...

Read more

Yoichi’s Introduces Kaiseki to Santa Barbara

Though Santa Barbara supports a lot of restaurants for a relatively small town (thanks, tourists!) and pioneered farm-to-table menus (thanks, farmers markets!), it’s historically been tough to succeed when focusing on a tight niche of ethnic cuisine. Italian and Mexican? Slam dunk. Friulian and Oaxacan? Good luck. Yet...

Read more

When Does An Entrepreneur Become A Business Owner?

According to most definitions, an entrepreneur is one who envisions a new and different business, meaning one that is not a copy of an existing business model. Many entrepreneurs have a passion and an idea, or even invent a new product, but are never able to execute to the point of creating a startup. Even fewer are able to...

Read more

The Right Time to Sell

If you’re wondering when is the right time to sell your business, you may want to wait until your company is generating $1 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). What’s so special about the million-dollar mark? The million-dollar mark is a tipping point at which...

Read more

The Hidden Goal of The Smartest Business Owners

What are your business goals for the year? If you’re like most owners, you have a profit goal you want to hit. You may also have a top line revenue number that’s important to you. While those goals are important, there is another objective that may have an even bigger payoff: building a sellable business. But what if...

Read more

9 Warning Signs You’re a Hub-and-Spoke Owner

If you were to draw a picture that visually represents your role in your business, what would it look like? Are you at the top of a traditional Christmas-tree-like organizational chart, or are you stuck in the middle of your business, like a hub in a bicycle wheel? As anyone who has tried to fly United when O’Hare has been...

Read more
Page 1 of 212