Phil's Articles & Media
The Exit Strategy™
Clearly written business goals provide a blueprint for where an organization is going and helps guide decision making along the way. This same goal development should occur with the most important decision every business owner will make; how and when to transition from your business. For most business owners your business is your largest single…
Read More >The 20 Mile March
Great by Choice is the latest work of Jim Collins and is well worth the read because its implications extend not only to business but to our personal lives. The book is based on comparisons and contrasts and he uses the race to the South Pole by Ronald Amundsen (the winner) Robert Scott (the loser)…
Read More >Networking My Way
When I speak with people about networking I often receive back blank stares, so I thought it might be helpful to put my key points down on paper so that more of you can think about these principles and apply them to your business. I will end with a real life example of what not…
Read More >You’re Family’s Business
If you have a family business have you given thought to a succession plan? Do you consider it a given that your children will take over for you? Are they qualified to run your business? Do they want to run your business? What is the best way to transfer and preserve the wealth you have…
Read More >What Are You Worth?
What is a person like you worth? This was a question poised to Lee Brower, author of the Brower Quadrant, by one of his clients. It is an interesting question. Your first response would naturally be financial but is that all? What are you worth to your family? What are you worth to your business?…
Read More >The Ten Commandments for Business Failure In Chicago
The Ten Commandments for Business Failure In Chicago Commandments 5-10 By Philip Elworth I recently read an interesting book by Donald Keough, who was chairman of Coca Cola Company during the introduction of New Coke. He has some intriguing insights into business failure. What I find most interesting is the number of companies I have…
Read More >US Cracks Down on Hiring of Illegal Alien Workers
The Wall Street Journal reported this morning on the arrest of a company CEO and their outside accountant for hiring and hiding the fact that they had hired illegal alien workers. Here is the link to the article…http://online.wsj.com/article/SB10001424052748703838004576275302248212630.html?mod=WSJ_WSJ_US_News_5 What are your thoughts on this change in US action
Read More >Why Every Company needs a CFO
Every Company, Regardless of size, needs a chief financial officer. Often when I say this to business owners they give me back that ya right look. Why? This is actually a good question which I will unpack over the next few blog articles. Let’s start with the difference between a controller and a CFO. Most…
Read More >The Ten Commandments for Business Failure-#4
Here is installment number four from the book by Donald Keough, who published the Ten Commandments for Business Failure. #4 Assume Infallibility. Never admit a problem, find a way to blame it on someone else. Customers are often the best culprit. If you do not listen to your customers or your employees on a face-to-face…
Read More >The Ten Commandments for Business Failure-#3
The Ten Commandments for Business Failure-#3 I recently read an interesting book by Donald Keough, who was chairman of Coca Cola Company during the introduction of New Coke. He has some intriguing insights into business failure. What I find most interesting is the number of companies I have seen who are following at least some…
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