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Working “ON” the business, not “in” it

Working ON the business

Confession time.

I have done exactly what I have been telling my clients NOT to do.  I’ve been working “in” my business, not “on” my business.

It’s been a long time since I’ve written a blog post.  I started out writing a post 3 times per week, then 2x/week, then 1x/week, then 2x/month, then 1x/month, then….. nothing. Nothing for over 8 months.

I’ve been busy working on delivering exceptional value for my clients.  Yes, that’s true, but it’s also an excuse.   Read more…

How to find the right buyer for your company


There are a lot of things that you as the CEO need to do to build a good company.  Many of those will also position your company to be acquired by a bigger company.  You can wait for someone to find you interesting enough to acquire or you can do something about it.

Read more…

Reap the Benefits of Success

Exit Sign

The whole purpose of being the CEO and/or Founder of a high growth software company is to benefit from the growth in value you’ve created.  While it’s possible to build a big company and create a “lifestyle” business, as I call it, where you have a comfortable living from the profits you generate, that option becomes less viable as more people, from employees to investors, have an economic interest in the business’s outcome.  All of them are expecting you to guide the business to an exit.The expectation on everyone’s part is that the company will have a “liquidity event” within 5-10 years of founding.   Read more…

Why will your startup fail?


It’s very challenging to start and grow an idea into a successful company.  The odds are stacked against you.  A recent FRACTL study of over 200 company post mortems found that the #1 reason most often cited by founders, even more often than running out of cash, was that their business model was not viable.

The research shows that we have good ideas, but bad businesses. Read more…

An easy way to determine your company’s value


Something new is coming and it will affect your privately held business, whether you want it to or not.

Every CEO will at one time or another ask the question, “what’s my company worth?”

Wouldn’t it be great if there was a a simple, trustworthy way to understand and unlock that value.

Now there is.

Think Zillow or your FICO score but for private companies.

Read more…

The marriage of two companies 

Walking Down the Aisle

Marriage is often used to describe the union of two companies, everything from dating to consummation. I recently gave my daughter away at her wedding, which in large part explains the big gap between my last post and this, and it made me think about the union of two companies.

How do you know if it’s the right deal?  How do you know if it’s the right company? Read more…

A big company just bought your competitor. Now what?


Often a big company will come into your market and acquire one of your competitors for what seems like a lot of money.  One of the first thoughts that goes through your mind as the CEO is, “Why not my company?”

It shouldn’t really matter if an acquirer buys your competitor because you’re focused on building your company and developing your product, except it means that you weren’t acquired. Not only weren’t you acquired but your competition just got a big financial backer and a lot more resources.

I’m not sure which is worse actually – To be in the conversation but know that Big Co. picked someone else or if you weren’t even being considered by Big Co.

Hopefully you were at least in the conversation, meaning while Big Co. was looking at the various companies in a particular space of interest they were at least talking to you, too.

But maybe they weren’t. Read more…