Management

Managing my business in partnership

Managing my business in partnership

Unlike a business with just one owner, a business partnership must be constantly attuned to the needs of both the business and the owner relationships(s). After opening a gourmet cheese shop with a business partner, we expanded the business and added two more owners. This is how we managed together.

Partnership advice from small business owners

Partnership advice from small business owners

We asked clients to share their advice for small business entrepreneurs who are considering business co-ownership. Here’s what three successful women business owners had to say!

Starting a business partnership

Starting a business partnership

Starting your own small business can be a leap of faith.  Starting a business with others can be an even bigger leap.  How can you be sure that your business partner(s) will be the right fit – with you and…

Defining success: advice from the field

Defining success: advice from the field

No matter how we define success — our business skills must align with our business’ needs at each stage of growth.  The skills needed initially for an emerging business must deepen and expand as the business grows.  We must consistently…

Business advice from the field

Business advice from the field

One of the most enjoyable moments during the Renaissance Business Planning Class is when we invite graduates back to the classroom to share their experiences and their business advice. They talk about their successes but also reveal their struggles and…

How to Handle Business Complexity

How to Handle Business Complexity

A common issue for small business owners is the relationship between business skills or management capacity and the complexity of the business. If you start a business slowly, you may be able to handle everything yourself.  If you only have…

A new beginning

A new beginning

At the start of a new year, many of us want to make a change. Can we change a bad habit into a good habit? Can we make our diet more healthy? Can we start that exercise program we let…

Baseball and small business… oh the similarities!

Baseball and small business… oh the similarities!

I’ve been a fan of baseball ever since Willie Mays roamed centerfield for the New York Giants. When I played Little League in Vancouver, Canada my teammates and I all had heroes who played our position in the Majors. I…

Motivating Others

Motivating Others

If you are like most small business owners, you are self-motivated. You are passionate about your service or product and you are always focused on your business – attending to your customers or clients, fixing problems, thinking about how to…

Taking Action

Taking Action

At Paul Terry & Associates we help small business owners build successful and sustainable enterprises. Our consulting process is focused on clear assessments, careful advice and taking action. Central to our approach is business action planning. Whether you are an emerging…