Right-sizing a company to save it from bankruptcy
Posted inChristian Stewardship Ethics Executive Insights

Right-sizing a company to save it from bankruptcy

This post is part of the Bible and Business series on Christian ethics for Christian Business Owners. Nearly every company will need to be right-sized[1] at some point in its lifecycle. No business ever has sustained growth. There are always downturns which owners face. Description of the Problem: Owners get caught in a downward spiral when they believe revenue growth is the answer to a sustained deficit....
October 6, 2023Posted inChristian Stewardship, Ethics, Executive InsightsTags: , ,
Turnarounds
Posted inExecutive Insights

Turnarounds

In business, from time to time you’ll hear the word turnaround, as in “this business is a turnaround.” You might be wondering what a turnaround is and why they take professional help to be successful. If so, you’re not alone. In this post I’ll discuss turnarounds and the things you need to know do avoid one in your own business. What is a “Turnaround”? I define a turnaround...
September 29, 2020Posted inExecutive InsightsTags: ,
Posted inExecutive Insights

The Emotional Price Business Owners Pay When Their Business is Failing

The companion podcast is here.The companion videocast is here.The companion PDF slides are here. No one said building a company is easy. But small business owners find it difficult to be honest about how brutal it really can be and the emotional price so many of them secretly pay. At one time or another most small business owners will find themselves on the brink of financial ruin....
September 19, 2020Posted inExecutive InsightsTags: , , ,
Twelve Warning Signs Your Business is Headed for Disaster
Posted inExecutive Insights

Twelve Warning Signs Your Business is Headed for Disaster

Most entrepreneurs have several characteristics – among the more prominent is a level of confidence – some would say arrogance – that enables them to believe they can beat the odds when taking a risk and win. Most of them are pretty good at what they do – they are competent at a trade, skill, craft or they have a novel idea that can be monetized. In the early...
September 19, 2020Posted inExecutive InsightsTags: , ,