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Finish Big

Author : Bo Burlingham
Publisher : Portfolio
Page : 0 pages
File Size : 39,89 MB
Release : 2015-11-05
Category : Business planning
ISBN : 9780670923274

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"No two exit experiences are exactly alike. Some people wind up happy with the process and satisfied with the way it turned out while others look back on it as a nightmare. The question I hope to answer in this book is why. What did the people with 'good' exits do differently from those who'd had 'bad' exits?" When pioneering business journalist and" Inc." magazine editor at large Bo Burlingham wrote "Small Giants," it became an instant classic for its original take on a common business problem--how to handle the pressure to grow. Now Burlingham is back to tackle an even more common problem--how to exit your company well. Sooner or later, all entrepreneurs leave their businesses and all businesses get sold, given away, or liquidated. Whatever your preferred outcome, you need to start planning for it while you still have time and options. The beautiful part is that if you start early enough, the process will lead you to build a better, stronger, more resilient company, as well as one with a higher market value. Unfortunately, most owners don't start early enough--and pay a steep price for their procrastination. Burlingham interviewed dozens of entrepreneurs across a range of industries and identified eight key factors that determine whether owners are happy after leaving their businesses. His book showcases the insights, exit plans, and cautionary tales of entrepreneurs such asRay Pagano founder of a leading manufacturer of housings for security cameras. He turned down a bid for his company and instead changed his management style, resulting in a subsequent sale for four times the original offer.Bill Niman founder of the iconic Niman Ranch, which revolutionized the meat industry. He learned about unhappy exits when he was forced to sell to private equity investors, leaving him with nothing to show for his thirty-five years in business.Gary Hirshberg founder of organic yogurt pioneer Stonyfield Farm. He pulled off the nearly impossible task of finding a large company that would buy out his 275 small investors at a premium price while letting him retain complete control of the business. Through such stories, Burlingham offers an illuminating and inspirational guide to one of the most stressful, and yet potentially rewarding, processes business owners must go through. And he explores the emotional challenges they face at every step of the way. At the end of the day, owning a business is about more than selling goods and services. It's about making choices that shape your entire life, both professional and personal. "Finish Big" helps you figure out how to face your future with confidence and be able to someday look back on your journey with pride.

Finish Big by Bo Burlingham (Summary)

Author : QuickRead
Publisher : QuickRead.com
Page : pages
File Size : 41,51 MB
Release :
Category : Study Aids
ISBN :

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Do you want more free book summaries like this? Download our app for free at https://www.QuickRead.com/App and get access to hundreds of free book and audiobook summaries. Learn about how great entrepreneurs exit their companies on top. When it comes to owning a business, there will be a day in which you’ll have to leave it. But how? You can’t just simply walk out the door and expect the company to continue running smoothly. In fact, there are many options to think about before preparing to leave, so it takes much time and planning to create an exit strategy that works. You must ask yourself questions, like "Do you want to sell your company? Liquidate? Perhaps you want to gift it to a child?" Luckily, Bo Burlingham has done the research for you and has put together the steps that entrepreneurs take when they decide to leave their company. As you read, you’ll learn why you should begin planning your exit from the beginning, the importance of identifying your “why,” and how to determine whether you should sell or liquidate.

Summary of Bo Burlingham's Finish Big

Author : Milkyway Media
Publisher : Milkyway Media
Page : 44 pages
File Size : 10,90 MB
Release : 2022-04-20
Category : Business & Economics
ISBN :

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Please note: This is a companion version & not the original book. Book Preview: #1 Ray Pagano, the founder of Videolarm, had a life after business when he decided to think about leaving in 2004. He had other interests and passions that he wanted to pursue, and he had a limited number of years to pursue them. #2 Pagano knew he had to extract himself from the company in order to get a good deal. He knew that as long as he was essential to the company’s operation, he would not be able to acquire other companies. He had to remake the company so that it could function without him if he wanted to get a good deal. #3 Pagano began giving everyone in the company a tangible reason to take on more responsibility by giving them phantom stock, which would allow them to benefit from any increase in Videolarm’s equity value without having to acquire real stock. #4 After the sale, Pagano was able to look back and see how much he had changed the company. He had set up an incentive program for the entire workforce, based on achieving certain profit targets for the company and specific goals for each department. The targets were ambitious, but Pagano kept raising the bar.

Small Giants

Author : Bo Burlingham
Publisher : Penguin
Page : 305 pages
File Size : 18,76 MB
Release : 2016-10-11
Category : Business & Economics
ISBN : 1101992336

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How maverick companies have passed up the growth treadmill — and focused on greatness instead. It’s an axiom of business that great companies grow their revenues and profits year after year. Yet quietly, under the radar, a small number of companies have rejected the pressure of endless growth to focus on more satisfying business goals. Goals like being great at what they do, creating a great place to work, providing great customer service, making great contributions to their communities, and finding great ways to lead their lives. In Small Giants, veteran journalist Bo Burlingham takes us deep inside fourteen remarkable companies that have chosen to march to their own drummer. They include Anchor Brewing, the original microbrewer; CitiStorage Inc., the premier independent records-storage business; Clif Bar & Co., maker of organic energy bars and other nutrition foods; Righteous Babe Records, the record company founded by singer-songwriter Ani DiFranco; Union Square Hospitality Group, the company of restaurateur Danny Meyer; and Zingerman’s Community of Businesses, including the world-famous Zingerman’s Deli of Ann Arbor. Burlingham shows how the leaders of these small giants recognized the full range of choices they had about the type of company they could create. And he shows how we can all benefit by questioning the usual definitions of business success. In his new afterward, Burlingham reflects on the similarities and learning lessons from the small giants he covers in the book.

Summary of Bo Burlingham's Finish Big

Author : Everest Media,
Publisher : Everest Media LLC
Page : 44 pages
File Size : 19,54 MB
Release : 2022-03-13T22:59:00Z
Category : Business & Economics
ISBN : 1669353567

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Please note: This is a companion version & not the original book. Sample Book Insights: #1 Ray Pagano, the founder of Videolarm, had a life after business when he decided to think about leaving in 2004. He had other interests and passions that he wanted to pursue, and he had a limited number of years to pursue them. #2 Pagano knew he had to extract himself from the company in order to get a good deal. He knew that as long as he was essential to the company’s operation, he would not be able to acquire other companies. He had to remake the company so that it could function without him if he wanted to get a good deal. #3 Pagano began giving everyone in the company a tangible reason to take on more responsibility by giving them phantom stock, which would allow them to benefit from any increase in Videolarm’s equity value without having to acquire real stock. #4 After the sale, Pagano was able to look back and see how much he had changed the company. He had set up an incentive program for the entire workforce, based on achieving certain profit targets for the company and specific goals for each department. The targets were ambitious, but Pagano kept raising the bar.

Small Giants

Author : Bo Burlingham
Publisher : Portfolio Trade
Page : 232 pages
File Size : 25,93 MB
Release : 2007-03-27
Category : Business & Economics
ISBN : 9781591841494

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Profiles fourteen companies that have achieved high levels of success by focusing on the quality of their products and services, rather than their bottom-line profits, in a guide for small businesses that reveals how to earn consistent revenues by becoming purpose-driven. Reprint. 50,000 first printing.

The Knack

Author : Norm Brodsky
Publisher : Penguin
Page : 290 pages
File Size : 24,14 MB
Release : 2008
Category : Business & Economics
ISBN : 9781591842217

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People starting out in business tend to seek step-by-step formulas or rules, but in reality there are no magic bullets. Rather, there's a mentality that helps street-smart entrepreneurs solve problems and pursue opportunities as they arise.

The Great Game of Business

Author : Jack Stack
Publisher :
Page : 375 pages
File Size : 47,50 MB
Release : 2014-07-03
Category : Business & Economics
ISBN : 9781781251539

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In the early 1980s, Springfield Remanufacturing Corporation (SRC) in Springfield, Missouri, was a near bankrupt division of International Harvester. Today it's one of the most successful and competitive companies in the United States, with a share price 3000 times what it was thirty years ago. This miracle turnaround is all down to one man, Jack Stack, and his revolutionary system of Open-Book Management, in which every employee understands the company's key figures, can act on them and has a real stake in the business. In Stack's own words: 'When employees think, act and feel like owners ... everybody wins.'As a management strategy, 'the great game of business' is so simple and effective that it's been taken up by companies from Intel to Harley Davidson.

Street Smarts

Author : Norm Brodsky
Publisher : Penguin
Page : 278 pages
File Size : 28,39 MB
Release : 2010-02-23
Category : Business & Economics
ISBN : 1101195762

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"One is tempted to say 'the only book you'll need on starting a business.' Brilliant! Genius! Choose your superlative-it'll fit."-Tom Peters People starting out in business tend to seek step-by-step formulas or rules, but in reality there are no magic bullets. Rather, says veteran company-builder Norm Brodsky, there's a mentality that helps street- smart entrepreneurs solve problems and pursue opportunities as they arise. Brodsky shares his hard-earned wisdom every month in Inc. magazine, in the hugely popular "Street Smarts" column he cowrites with Bo Burlingham. Now they've adapted their best advice into a comprehensive guide for anyone running a small business.

A Stake in the Outcome

Author : Jack Stack
Publisher : Crown Currency
Page : 290 pages
File Size : 24,74 MB
Release : 2003-09-16
Category : Business & Economics
ISBN : 0385505094

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The First Management Classic of the New Millennium! A bold experiment is taking place these days, as leading-edge companies turn upside down the management paradigm that has dominated corporate thinking for more than one hundred years. Southwest Airlines is perhaps the most visible practitioner, soaring through economic downturns while its competitors slash their budgets and order massive layoffs, but you can find other pioneers of the new approach in almost every industry and market niche. Their secret: a culture of ownership that allows them to tap into the most underutilized resource in business today–namely, the enthusiasm, intelligence, and creativity of working people everywhere. No one knows more about building a culture of ownership than CEO Jack Stack, who’s been working on one for the past twenty years with his colleagues at SRC Holdings Corporation (formerly Springfield ReManufacturing Corporation). Along the way, they’ve turned their company into what Business Week has called a “management Mecca,” attracting thousands of people representing hundreds of businesses to SRC’s home in Springfield, Missouri. There the visitors learn how to incorporate the ideals and values of SRC’s remarkable corporate culture into their own organizations–and then they go back and do it. Now, in A Stake in the Outcome, Stack offers a master class on creating a culture of ownership, presenting the hard-won lessons of his own twenty-year journey and explaining what it really takes to build for long-term success. The pioneer of “open-book management” (described in the best-selling classic The Great Game of Business), Stack and twelve other managers began their journey in 1982, when they purchased their factory from its struggling parent company. SRC grew 15 percent a year, while adding almost a thousand new jobs, and the company’s stock price rocketed from 10 cents to $81.60 per share. In the process, Stack discovered that long-term success required constant innovation–and that building a culture of ownership involved much more than paying bonuses, handing out stock options, or setting up an employee stock ownership plan. In a successful ownership culture, every employee had to take the fate of the company as personally as an individual owner would. Achieving that level of commitment was extraordinarily difficult, but Stack realized that the payoff would be enormous: a company that was consistently able to outperform the market. A Stake in the Outcome isn’t about theory–it’s about practice. Stack draws from his own successes and failures at SRC to show how any company can teach its employees to think and act like owners, including how to implement an effective equity-sharing program, how to promote continuous learning at every level of the organization, how to fire up employees’ competitive juices, how to broaden the concept of leadership and delegate responsibility for the business, and how to build a workforce that is fast on its feet and ready to take advantage of every opportunity. You’ll also learn about other companies that have succeeded in building cultures of ownership–and the lessons they can teach the rest of us. Written in Jack Stack’s straightforward, witty, no-beating-around-the-bush style, A Stake in the Outcome is like having a one-on-one session with a master entrepreneur and business innovator. It shows managers and executives of companies both large and small how to build a ferociously motivated workforce that is energized and committed to meeting and overcoming the most daunting challenges a company can face.