Entrepreneurship Uncensored – The Good, Terrible, and… Bankruptcy?!?

Actually owning a business - The Good, Terrible, and... Bankruptcy???

  Two years ago we pulled the trigger on something crazy… Something that would change the course of our family’s financial future in a significant way – good or bad. My wife and I bought a dental practice on June 30, 2017, and in the time since that purchase we’ve learned, grown, sobbed, soared to new heights, and everything in between. Owning a business isn’t a walk in the park…   This is the story of that journey, probably in it’s best iteration – told nearly entirely through GIFs.    They say a picture’s worth a thousand words. Well, these GIFs are made up of a few pictures each, and there are about 30 of them so – I’ve got about 100,000 words down here. Enjoy the ride!   (Photo courtesy of Justin Montemarano)     Actually owning a business – The Good, Terrible, and… Bankruptcy???   My wife never […]

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The Most Important Key to Growing a Profitable Business

  “Pay them well and keep them forever…” was the mantra an advisor kept coming back to when Monica and I would ask questions about staff development, turnover, and longevity. How do we find good people? What makes them stay? How can we find out if an employee may be bad, or worse – a cancer – to the team?? Although we didn’t realize it at the time, he was giving us the single most important key to growing a profitable business.   You Want a Successful Business? Pay Them Well and Keep Them Forever   I narrowly thought he was only referring to the employee’s wage, but over time I started to see how this mantra and attitude permeates into much more than what wage an employee earns.     We’ve been in the process of hiring our newest team member for the past couple of months and I’m […]

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9 Proven Methods to Build an Amazing Team at your Business

9 Proven Team Building Activities to Build an Amazing Team at your Business

    A well-functioning Team can be seen a mile away. Their mutual respect and willingness to help one another is pervasive and their results speak for themselves. You won’t find their members gossiping in the back room or wasting time tearing each other down. A great Team will work together, overcome obstacles, and achieve great results. And they didn’t get to this point with some wonky trust fall-like team building activities.   Nor did they just happen to randomly fall into this amazing cohesive unit.   They were led to this point.   Most likely by someone who cares more about the Team’s success than their own ego and glory-seeking traits would allow.   And if their leader were to take their hands off the wheel for a while, this group would probably remain tight-knit for a while…   But eventually, without someone constantly driving this group toward excellence […]

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Is a Company Car Good For Your Business…?

Is a Company Car Good For Your Business...?

  I can honestly admit that when we bought our business a couple of years ago, I never once considered getting a company car… Now that I’ve read the guest post below, I’m beginning to reconsider.   You see, aside from the convenience and increased capabilities a company car could provide your business, it takes miles off your personal vehicles and keeps your employees covered and free from using their own vehicles as well. Which can keep more money in your pocket.   So, Is a Company Car Right For Your Business?   Let’s find out below…       Would your business benefit from going mobile? Having a company car is a great way to both expand your services and get your brand out there. Plus, employees get excited to drive company cars, and executives love having happy employees. It seems like there are no drawbacks to buying a […]

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What Falling Down the Stairs Has to Do With Your Business

What Falling Down the Stairs Has to Do With Your Business

  In this Current Events Friday’s Post (CE-Friday’s), I tell you about the day a month or so ago when I took a tumble down the stairs (yep – literally). We’ll dive into the coffee stains I left in the carpet and the mug I didn’t let go of, but more than that – I’ll tell you what it has to do with your business. Finally, I’ll close with a twist that every 40-68 year old will absolutely love.    CE-Friday’s – “What you need to know today in less than 500 words”     My dad looked up from the bottom of the stairs and saw that the coffee stains started on step 3 (near the top) and ended on step 13 (the bottom).     “Wow. You are incredibly lucky.” He told me.   Truth be told, I completely agree. There I was hustling to get some menial […]

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When Huge Personal Growth Comes From Simple Changes

When Huge Personal Growth Comes From Simple Changes

  In this Current Events Friday’s Post (CE-Friday’s), I’m going to tell you a story about how life teaches you lessons when you least expect it. We’ll also talk about leaving a lasting impression on those around you, then I’ll tell you why my story and this particular lesson will help advance your career or business.   CE-Friday’s – “What you need to know today in less than 500 words”     There’s a code among runners, much like Jeep people.   When you pass one another on a run, there’s a sliding scale of acknowledgment that takes place. A minor effort toward leaving a lasting impression.   The minimum required dose of acknowledgment is eye contact. That’s followed up by the head nod and typically tops out at a cordial wave. Personally, I throw up a casual ‘deuces’ every time I pass a fellow calorie crusher.     There […]

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Hey Boeing – There’s No Wrong Time to Do the Right Thing

Hey Boeing - There's No Wrong Time to Do the Right Thing

  In this Current Events Friday’s Post (CE-Friday’s), we’re revisiting our friends at Boeing and asking why a company so large (and successful) can’t seem to get its act together with this international safety issue they’ve got going on. Then we apply the Boeing crisis to our lives and I’ll ask how you work to stay on the moral and ethical high ground.   CE-Friday’s – “What you need to know today in less than 500 words”       The Boeing crisis started well before the first crash   A couple of weeks back I wrote about a few recent events centered around two companies (Starbucks and Boeing), and more importantly the stark contrast of how those companies responded to recent crises.   Starbucks had a difficult issue around race and equality take place in one of their stores so they shut the company down for 4 hours, conducted […]

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Why Estate Plans Aren’t Just for the Rich

Why Estate Plans Aren't Just for the Rich

  It’s been about 4 years since we created our estate plan. And while the main catalyst for us was the birth of our first daughter, buying our business, growing our net worth, and all the stress that comes with adulthood all helped reinforce with us the need to have an estate plan in place – should the worst happen.   The wrong assumption that I had always held was that estate plans were reserved for the incredibly high net worth folks. But I quickly realized that assumption to be categorically wrong. That’s because estate plans encompass more than just wealth.   As this post will outline, minor children, pets, businesses, assets, and even debts (yeah…) can stick around long after your gone. And rather than leaving things up to chance and heaping a mess on the loved ones you leave behind – this post is designed to educate you […]

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Why Are you Loyal to the Business That Doesn’t Care About you???

Why are you loyal to the business that doesn’t care about you???

  In this Current Events Friday’s Post (CE-Friday’s), I’m diving into what makes you stick around at the business that doesn’t seem to care… at all. I’ll share 2 experience, tell you what I think the answer is, then I’ll let you know some of what we do to keep folks excited to come back to our office.   CE-Friday’s – “What you need to know today in less than 500 words”     There I was – sitting, waiting, wishing…     In the lobby of my eye doctor, there was only 1 other patient and it wasn’t a particularly busy Friday late morning. Few patients had shuffled in before me and maybe one had departed. Operatories had open doors and weren’t filled.   Yet two ladies manned the seemingly desolate front counter. Upon which phones sat but didn’t ring…   And there I sat for 30 minutes.    […]

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When the Status Quo Can’t Make you Wildly Wealthy but This Can…

When the Status Quo Can't Make you Wildly Wealthy but This Can...

  In a sweet Inception-like game, I wrote this post which was originally published on The Money Mix. It’s all about how we’ve used small business loans to advance our business and personal finances, and it’s packed with actionable intel. Let us know your thoughts in the comments below!     “One hundred fifty thousand on the build-out, two hundred seventy-five on the business, and another couple hundred on the goodwill…” It was like a sick and twisted math problem, circa 1st grade, just adding up all the small business loans we had taken out. Was I stressed and burnt out, and (in an honest moment) just a little terrified…?   I was.   But, at the same moment, I would also admit to feeling as professionally “alive” as I had ever felt in the past. There we were, a married couple in our early thirties and now business partners. […]

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