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Published byAlexis Beverley Brooks Modified over 9 years ago
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Boutique Private Equity Firm
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Sycamore Partners
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Break Even Point
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Microsoft Corporation QT Net Income 2000-2010 In Millions
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ORDINARY BEHAVIOR EXTRAORDINARY BEHAVIOR 1.Crisis 2.Loved One 3.Compelling GOAL!
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1.Vision, Mission, Values 2.Objectives and Goals 3.SWOT 4.Strategic Plan 5.Operating Plan 6.Budget 7.Financial Projections 8.Evaluation Strategic PlanCompelling GOAL!
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“A Small Business Exists for the Benefit of Its Owner” “Passion versus Potential”
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“If you don’t like change, you’re going to hate extinction!”
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“About half of all business decisions end in failure.” - Dr. Paul Nutt, The Ohio State University Three Common Blunders 1.Rush to Judgment 2.Misuse Resources 3.Failure Prone Tactics
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versus... Decision Process
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Clearly articulate the change, and quickly follow with examples... TELL and SHOW!
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“A wise man knows when to get into business, a wiser man knows when to get out.”
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Optimism of Entrepreneur Reality of Data
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Democrat VERSUS Republican “THINK like a Republican, but ASK like a Democrat”
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1.They live well below their means 2.Allocate, time, energy, & money efficiently to build wealth 3.Financial independence more important than status 4.Their parents did not provide “financial outpatient care” 5.Their children are economically self- sufficient 6.They are proficient in targeting market opportunities 7.They chose the right occupation... Small Business
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“In the final analysis it is not what you do for your children but what you have taught them to do for themselves that will make them successful human beings.” - Ann Landers
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Summary... 1.Make the Hard Decisions 2.Create Compelling GOALS – Strategic Planning 3.Be Open to the Necessity of Change 4.Develop YOUR Decision Process(es) 5.Clearly Articulate When Change is Necessary 6.Know When to Quit 7.Develop a Balance of Optimism and Reality 8.Know the Difference Between Invested and Wasted Dollars 9.Know the Methods of Wealth Creation 10.Have Fun! Great People & Good Ideas = Sustainable Businesses
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