By: Garrett Barten, Esq.
“There are two types of people in business: the quick and the dead.” –
Dr. Phillip Barbay, Back to School (1986)
While the pompous Dr. Barbay was referring to 1980’s economics based almost exclusively on brick-and-mortar facilities and tangible products, “the quick and the dead” mantra is truer than ever in today’s business world. What’s more difficult in today’s market, however, is not being quick, but staying quick (at least long enough to maximize your return on investment). Many business owners are finding it increasingly difficult to maximize their company’s value in a liquidity event, or to simply grow their business, while simultaneously avoiding being put out of business by the next mobile application, social media, trendy product, or knockoff good. Fortunately, there are three easy ways to stay quick in the business world so you don’t have to constantly look over your shoulder at your competitors, which will always slow you down.
Via Errol A. Adams JD/MLS