Monday, May 06, 2024

How to Fund An Acquisition

How are you going to actually pay for a business acquisition? According to Josh Tolley, from his new book Acquisitional Wealth, there are really two elements to this question: 
  1. How are you going to come up with the down payment?
  2. How are you going to repay the monthly loan payment?
Step one is answering the first question. If you cannot answer where the down payment is coming from, then the second question becomes irrelevant.  Learn what else Tolley has to say here.

Monday, April 29, 2024

Create Value and Lasting Momentum Through Generative AI (GenAI)

The huge potential for disruption promised by the latest iterations of generative AI (GenAI) has sent shockwaves across industries. In PwC’s 27th Annual Global CEO Survey, published earlier this year, 70% of CEOs said they expected GenAI to significantly change the way their company creates, delivers, and captures value in the next three years. 

More than two-thirds of the surveyed CEOs who had already implemented some form of GenAI in their organization reported having changed their broader technology strategies as a result. 

Have you?

Monday, April 22, 2024

Do You Care If Your Email Was Written by AI?

AI can be a time-saver for those who struggle with writing. But there are telltale signs that AI was used—and some serious risks, as well.

Should you use it—and can the recipient tell if you’ve relied on a bot to do your writing for you?  Here are 4 signs your email was written by AI (requires subscription).

Monday, April 15, 2024

Find Your Own Path to an Extraordinary Life

Texas native Helene Sula shares her global adventures as the voice behind her eponymous blog and social media accounts, Helene in Between – with 566,000 Instagram followers and counting

She has shared culture shocks she’s experienced living abroad, not once, but twice. Her love for Christmas markets is contagious, with posts featuring steamy drinks and indulgent dishes oozing with cheese adding to her platform’s appeal. 

Is she a WPO member?  Don't know.  Could she be?  Will check. Meanwhile, check out her story, which includes a new book that encourages readers to find their own path to an extraordinary life.  Who doesn't want to achieve that?

Monday, April 08, 2024

You've Got This: Business Owners Have Monday's (4/8/24) Solar Eclipse Pathway Covered

Business owners within the 70-mile-wide swath of total darkness during the April 8, 2024 total solar eclipse are renting whatever rooms, cars, or anything else they still have left.  That said, owners of hotels, motels, bed and breakfasts, and any other type of lodging establishment are ready.
At this point, anyone in the path of totality without a place to stay ahead of the event should probably forget about it. Last-minute eclipse chasers will have to open their wallets wide, as prices for rooms have really lit up across Monday's trail of darkness.
It's going to be unbelievable.  Best places to see the eclipse in Chicago can be found here.  Be safe and enjoy the moment.

Monday, April 01, 2024

Why the World Needs Women Entrepreneurs

Women entrepreneurship needs to be addressed – because the preconditions might be different depending on the person’s gender – and for two main reasons, clearly identified by the OECD in its work about entrepreneurship promotion. 

The first reason is that, despite lower participation rates in entrepreneurship than men, women entrepreneurs are an important untapped source of economic growth. They create new jobs for themselves and others. And by being different they also provide society with different solutions to management, organization and business problems as well as to the exploitation of entrepreneurial opportunities. 

The second reason is that the topic of women entrepreneurship has been largely neglected both in society in general and in the social sciences. 

Women are faced with specific obstacles that have to be overcome in order to give them access to the same opportunities as men.