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25)
We expanded an existing part of our business some time
ago with an acquisition and expected to put in an additional
$300,000. We are now $1,500,000 invested and it is still
not where we want it to be or expected it would be. What
do we do now?
26) After 20+ years in business we had a customer
not pay us on a $1,000,000+ accounts receivable. It
has caused some major, major problems. What suggestions/thoughts
do you have?
27) Business has grown very, very rapidly. Well over
200% each of the last two years and the same is expected
for this year. Clients are ecstatic with our services/products,
but our key manpower is stretched tight and tired.
Plus our success has caused some tension among the
ownership group. How do we solve these problems?
28) How can I have all the things I want business-wise?
It seems to me that some of my major long term business
goals that I have had for a long time are at odds with
each other. Can I have them all? If not, how do I prioritize
and figure out which ones to go after?
29) What do I want to do when I grow up? More specifically,
where are my best skills/talents and interests within
the organization. How to place more focus on planning
and also develop my leadership skills?
30) How can I do what I love and continue to make
all the money I need for family, retirement, etc.?
I have two businesses, one that has been very good
to me (paid all the bills for years, etc.) and a fairly
new one that I love and I want to spend my time developing
it.
31) We are expanding so fast and need more capital
to grow. Also, we need additional capital to hire more
people. Too many new customers are coming on, we are
short on cash, and our entire staff is exhausted.
32) We have firm orders in hand to grow 500 percent
in the next 14 months. How do we handle this kind of
explosive growth and maintain our quality and great
reputation of service, in technology, in processes,
and with our people?
33) Our local competition was acquired by a national
firm. The cultures didn't mesh and people are leaving
and naturally coming to us as we are now the dominant
player in this marketplace. Should we just sit back
and let attrition takes it course or should we aggressively
go after the key customers and employees of the competition?
34) Our growth over the last years has been 20 percent,
then 49 percent and this year will be near 75 percent.
How do we keep these kinds of numbers going?
35) I think we have found a marriage made in heaven
of somewhat similar firms with virtually no competitive
overlap. They are about 1/3 our size. How should we
proceed in the dating, engagement and hopefully merging
of our businesses?
36) We have had some really, really hard luck over
the last few months/year. It's amazing that we are "still
standing". We need to raise some additional capital
. . . how do we do this with such "poor recent
results"?
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