Lindenwood Associates

Top Reasons Why Restaurants Fail

admin — Tue, 11 Jun 2013 15:03:59 +0000

There are a number of often quoted statistics that have to do with the failure rates of restaurant. In reality, restaurants don’t truly “fail” much more frequently than most other start-up businesses. The most reliable statistics were produced at Ohio State University who studied start up restaurants over time and developed statistics that cite a [...]

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Negotiating Working Capital Levels in a Business Sale

admin — Mon, 03 Jun 2013 10:19:02 +0000

Negotiating working capital is one of the most contentious issues in closing a deal. That’s because determining the amount of sufficient working capital needed to fund ongoing business is a complicated exercise. Robert B. Moore, Partner, McGladrey LLP, has expertly summarized the issues is his white paper, “Negotiating Working Capital Targets and Definitions ”. From the [...]

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7 Employees You Should Fire Now

admin — Mon, 20 May 2013 17:59:42 +0000

It’s a crazy competitive world out there–you can’t afford to have employees who aren’t cutting it. Some months ago, Apple and Microsoft each parted ways with a high-profile senior executives: iOS software chief Scott Forstall and Windows president Steven Sinofsky. The moves were just weeks apart and the stories were strangely similar: two remarkably effective [...]

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Retailers More Likely to Liquidate in Bankruptcy

admin — Mon, 13 May 2013 15:33:56 +0000

Retailers that go bankrupt are more likely to liquidate and less likely to restructure than other types of companies, a new study by Fitch Ratings shows. In a recently released study, of 20 large retail bankruptcies over the last decade, Fitch found that 11 companies, or 55 percent, liquidated, while only nine survived after [...]

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What You Don’t Want to Wish After You’ve Sold Your Business

admin — Mon, 06 May 2013 18:50:04 +0000

“The best time to plant an oak tree was 20 years ago. The second best time is now” – source unknown. You’re an entrepreneur. You’ve worked hard. You’ve sacrificed time with your family, time with your friends, time doing things you used to do for fun. You’ve been through ups and downs and learned [...]

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11 Simple Concepts To Become A Better Leader

admin — Mon, 29 Apr 2013 17:39:36 +0000

Being likeable will help you in your job, business, relationships, and life. All of the concepts are simple, and yet, perhaps in the name of revenues or the bottom line, we often lose sight of the simple things – things that not only make us human, but can actually help us become more successful. Below [...]

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Are You Thinking of Selling the Family Business? Questions to Ask Yourself Before Taking the Next Step

admin — Thu, 25 Apr 2013 16:33:51 +0000

There are two kinds of ownership in a family enterprise. One is tangible – that’s the stock in the entity. The other is intangible. It’s the emotional connection based on history and legacy. It has been found that this latter kinds of ownership is much more challenging to relinquish. There are often horror stories of [...]

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Seven Traits of Super Teams

admin — Mon, 22 Apr 2013 12:54:29 +0000

If you have ever been on a Super Team, you know how it felt. The group accomplished seemingly impossible goals like clockwork. The group stayed pretty much on track, and when it got off the beam, it self-corrected. People on the team shared real interpersonal affection, and the group had a lot of fun. Imagine [...]

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Who to Keep in a Transformation?

admin — Thu, 18 Apr 2013 14:04:41 +0000

Immediate Personnel Priorities There is a difference between leading and managing, and especially in a turnaround or renewal situation, where often difficult and prompt actions must be taken for the health or survival of the business. Inspirational and visible leadership is the essential component to preserving core people assets and can prevent key talent from [...]

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Fixing Business Through Chapter 11 Bankruptcy Boosts the Economy, Says New Study

admin — Tue, 16 Apr 2013 14:10:42 +0000

Despite the image and stigma associated with bankruptcy, financial reorganization of failing businesses (and nonprofit organizations) through Chapter 11 bankruptcy is actually helping the economy by giving companies a chance to find new financing, reject onerous contracts, renegotiate leases, and expedite the sale of assets. Harvard Business School recently published an article reviewing comments [...]

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