The market in the United States for management consultants grew from $107 billion in 2011 to $133 billion in 2016, according to Statista.com, and that market is projected to top $150 billion this year. It’s not a surprising statistic. Companies are trying to operate as lean as possible, which means they are constantly looking for Read more about To go alone – you need a team[…]
The Super Bowl is this weekend and at the end you’ll have one team and its fans celebrating while the other commiserates over what might have been. If you’re trying to learn how to succeed, it’s more instructive to watch the losers and how they react. The tough lessons, the ones that ultimately lead to Read more about If you want to succeed you need to fail[…]
BizBuySell.com is the Internet’s largest business-for-sale marketplace and it just had its busiest quarter ever. In the third quarter of 2017, 2,589 companies listed on the online marketplace changed hands. That was 23.8 percent more than the 2,090 that sold in the third quarter of 2016 and 53.8 percent above third quarter 2015. As the Baby Read more about Sales of businesses setting records despite lack of planning[…]
Monday, Oct. 2, was a horrific day in America as reports tumbled forth about the senseless mass shooting in Las Vegas. The event was big enough and so many people were affected that it was natural to wonder if someone you knew or one of their relatives was among those injured or 58 that were Read more about Leaders set the tone when tragedy strikes[…]
According to BizBuySell.com, the largest online business-for-sale markeplace, a the number of businesses sold continues to be high. BizBuySell.com stats from prior years: 2019- 9,742 businesses sold 2018 – 10,356 2017 – 9,924 2016 – 7,844 The company theorized that the healthy economy, strong business financials and improved access to financing enticed more buyers and Read more about A ton of businesses sold in 2019 – are you ready?[…]
In any business, the customer is king. Whether it’s somebody you are selling a product or a service. If you don’t take care of your customers then you won’t be in business very long. The best companies keep that in mind no matter how large they become. The Washington Post recently wrote about an excellent Read more about Lessons from a 5-year-old[…]
Entrepreneurs always look for opportunity – it’s why people start businesses in the first place. Running a company takes discipline. Sometimes that discipline means learning when to not pursue an opportunity and instead focus on your core procress until it’s perfected. In 2014, Industry Week published an article on five steps to improved manufacturing quality. Read more about The best cost to eliminate is the cost of poor quality[…]
There are two roles to transitioning a business, the one getting out and the one getting in. The process of striking the deal so that there will be a change is the easy part. According to a study by BDC Capital, a Canadian government-owned institution with the charter of providing capital to small- and medium-sized Read more about Exiting a business? Here’s how to be a 40 percenter[…]
An annual survey of small businesses in the United States uncovered this remarkable stat – more than half of the 1,100 businesses surveyed don’t track assets and nearly half don’t track inventory. The is a lot of interesting reading in the Wasp Barcode Technologies State of Small Business survey, but the fact that 55 percent Read more about More than half of U.S. companies don’t know their own numbers well enough[…]
Thames Management Resources is based in Illinois – so we have our days and weeks where you just have to hunker down and wait out sub-zero temperatures and many, many inches of snow. This was one of those weeks and what’s better to talk about when stuck indoors than movies? Lifehack.org sent out a list Read more about A winter movie list for entrepreneurs[…]