Category Archives: Management

BHAG—WHAT AM I THINKING? 5 Insights for Using the BHAG for Small Business Strategy

The Big Hairy Audacious Goal. 10x 2018 Revenues by 2028. Profitably. Let’s say my 2018 revenues were $1,000,000 (this is not my revenue, but it’s a nice easy number to work with).  In 2028, that’s $10,000,000.  That’s a compounded average growth rate (CAGR) of 26% for 10 years.  If I tried to do this in …

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Senior Helpers Town Center: Is it a good business opportunity?

In the article, I shared about the Glennar Town Square program.  I want to take a look at the Senior Helper’s franchise opportunity based on what I know about these centers and the industry.  This analysis is based on the limited information found on the various Town Square Web sites and on my own extensive …

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Strategy, Cash, and Value

When I was in business school, we spent a lot of time thinking about strategy.  I learned to analyze an industry using Porter’s 5 forces.  We talked about Judo tactics in business.  I really enjoyed the classes.  I’m a small business owner now.  I own an adult day and home care business.  From an industry …

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Interviewing CEO Candidates: Questions for Strategy

I am currently serving on a search committee for a new executive director for the National Adult Day Services Association.  It’s been a long process where we have had to identify transitional leadership, do some significant strategic planning, and identify and then interview candidates.  I’ve learned so much during the last few months. A friend …

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