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 […]

Government Relations: Six Tips for Working With Uncle Sam

At Skylark, we work with the government. A lot.  You would think that our customers are our Seniors and those who love them.  You’d be right of course, but Uncle Sam pays us a lot of money each year. We also work extensively with private individuals and insurance companies.  There are some great advantages to […]

Domain Experts Requested with No Technical Co-Founder

Originally posted on David Cummings on Startups:
One of the ongoing questions in the startup world is around the importance of having a technical co-founder. The idea is that by having a strong technical person on the founding team, the startup will be able to move faster, make more intelligent architectural decisions, and build a…

When Disaster Strikes: Creating a Business Continuity Plan

Originally posted on The Turnaround Authority:
The pipes in the office on the floor above yours burst and your entire floor is flooded and all the computer equipment is destroyed. There is a weeklong ice storm that shuts down the power in your building and no one can work there until it is restored. There…

Partners

A while back, a colleague invited me to partner with her in her business. I was intrigued by the possibility, but ultimately decided not to do it.  The key morsel of advice came from my attorney, who begged me: “Don’t do it!”  I’ve been thinking further about the partner/no partner question: Does the partner bring something to the table […]