There’s no secret to running a successful business. So why is it so hard?
When I was studying for my MBA– we learned about business principles through the “case study” method. We read a narrative about a real business with some sort of challenge. We looked at their…
The most important ratio every business owner needs to know
My clients often ask me about benchmarks and ratios. They want to know how their business financials compare to industry standards. What’s the appropriate profit margin for a farm business; or what…
What football and bourbon can teach us about business
When the New England Patriots* came off their 2017 Super Bowl win over the Atlanta Falcons (and before, coach Bill Belichick attributed their success to “No Days Off”. He coined the mantra as a…
The Truth about a Growing Business
I was taught (at least) two truths about entrepreneurship when I was an MBA student at Babson: A successful business is always growing; and Start-up entrepreneurs and entrepreneurs who are scaling…
5 lessons learned from a business closing (and how to avoid similar mistakes)
Les Sablons opened a year ago in a renovated bus station in Harvard Square. Despite the hype of a trendy new restaurant with a rising star chef, the restaurant closed for business last month.…