Author Archives: Dave Berkus
Leave something on the table in a sale.
Isn’t the goal of any negotiation to get the maximum possible out of the other side? I have learned from long experience that the last bit of concession is the most expensive in a negotiation. Invariably, it’s after the negotiation, … Continue reading
Money is not the only measure of success.
You’ve surely heard of Maslow’s Hierarchy of Needs, in which Abraham Maslow laid out a human’s needs from the physiological first, to safety, then love and belonging, on to esteem and finally self-actualization. Assuming that you have now passed through … Continue reading
Share your success with those who got you there.
Some companies have good, formal stock option plans with properly priced options set to reward all in the event of a corporate sale. Usually, the higher the ranks, the more the options held and therefore the greater reward at exit. … Continue reading
Everyone loves to leave a legacy.
Be honest now. Have you ever thought of what legacy you’ll leave behind? If you are an entrepreneur or CEO, surely you’ve thought of how you’ll be remembered by your associates and stakeholders after you move on. We’ve … Continue reading
Create stakeholder loyalty when times are good.
There are several times when stakeholder loyalty is tested to the limit. For employees, a late or missed payroll is the ultimate test of corporate loyalty, divorced even from an employee’s ability to make do without a paycheck. For … Continue reading
Time does fly when you’re having fun. Lighten up for maximum lift.
Have you ever noticed how slow time passes when you are in a troubled environment? Conversely, sometimes you look up at the end of a great day and wonder where the time went. Over the years, I have discovered … Continue reading
A successful exit is a great measure of a good journey.
I’ve been involved with well over a dozen successful exits and four initial public offerings over the years, some of them with monstrous gains, some more modest. Then in addition, there are the exits that returned some portion of … Continue reading
Timing is everything in a sale of a business.
I have saved this next story until now because it is one of my favorites, and certainly illustrates the point as well as anything I could devise from fiction. First here is a bit of the background. The year was … Continue reading
The new Berkus SMALL BUSINESS SUCCESS COLLECTION – eBooks and books
Announcing EIGHT new mini-books and eBooks by Master Entrepreneur, Dave Berkus, just released by The Berkus Press. Covering important business growth subjects, these books are a must-have for you and your associates. As a bonus, the “quick read” eBook … Continue reading
List ten companies that could buy your business.
This is an exercise I perform with my boards no less than once every several years in planning exercises attended by the board and senior management, sometimes augmented with an industry consultant or expert from the outside. Use a … Continue reading