Cultivating a Company Culture of Ownership Thinking

The concept of “Ownership Thinking” is founded on Brad Hams’ philosophy and methodology of building business wealth by instilling a mindset of ownership among employees. His Ownership Thinking model is the foundation of his business and book – both by the same name – which guide companies to unleash their potential by providing the training …

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Ownership Thinking

The term “Ownership Thinking” (OT) is likely best known as the title of a book. But it’s also a business, and a mindset. The Denver area business came first, founded by Brad Hams in 1995 after several years of developing the Ownership Thinking model. Its goal was to help businesses unleash their potential by providing …

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Which Value Drivers Need Attention First?

Once you’ve chosen an exit date, your attention should turn to value drivers – those activities, capabilities, or qualities that add worth to your company and that are under your control. Adding worth includes increasing profitability, reducing risk, and promoting growth consistent with your strategic goals. Optimizing performance in key areas of your business will …

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I’ve Chosen My Exit Date! Now What?

All business owners know they will eventually exit their business, and most understand that making it happen on their terms is a process that typically takes years. Yet, as is the case with any complex project, sometimes the hardest thing to do is start. Yet, starting is as simple as choosing your exit date! I …

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What is the Purpose of a Quality of Earnings Report?

If your exit plan includes selling your business, you can likely expect the potential buyer to request a Quality of Earnings Report. Obtaining a Quality of Earnings Report (QER) is one of the major steps in due diligence that a prospective buyer will perform to determine the quality of assets and identify financial shortcomings of …

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An Exit Planning Roadmap Comes with Peace of Mind

Benjamin Franklin must have had business owners in mind when he said, “Those who fail to plan, plan to fail.” Every business owner knows they will eventually exit their business – it’s just a fact. It may be years away and seem that there is plenty of time to plan and prepare – later. But …

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Yes, You Need a Budget!

Do you have a budget – a real budget? The value of a data-based, dynamic, working budget is often overlooked. Why every business should have a budget: A well-prepared budget illustrates where you are financially, where you need to be to meet your objectives, and identifies the gap between the two. A budget facilitates a …

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What You Need to Know About Round Two PPP Funds

Coronavirus relief legislation passed in 2020 included an additional $284 billion for Paycheck Protection Program (PPP) loans to help small businesses pay employees and stay open. That second round of funding is now available. Some eligibility requirements have changed, and forgiveness rules have been eased a bit. In addition to first-time applicants, some businesses that …

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Three Things I Have Learned in 2020

The challenges we’ve faced throughout 2020, both personally and in business, are unprecedented. We’ve all invariably met struggles but have found opportunities as well. I’d like to share three things I’ve learned during this crazy year that relate to business, but that also speak volumes about the human spirit. These insights arose primarily from the …

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