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Steve Marr Blog

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Category >> General Business
Dec 08
2016

Location, Lifestyle and a Franchise

Posted by Steve Marr in Untagged 

I grew up in Detroit and never gave a lot of thought to moving for a number of years. I had a good corporate position, shopped at the same meat market my grandmother did and was the fifth-generation living in the Detroit area. I don’t think I would have moved except that my wife had severe allergies and her doctor told us we needed to move to a climate like Arizona. For that reason I resigned my corporate position and made the move.

Nov 30
2016

Buying Expertise

Posted by Steve Marr in Untagged 

To build expertise in your business, sometimes you need to step outside and pay for the expert assistance you need. One major example was Amazon purchasing Kiva Systems for a hefty $775 million several years ago. When I first I heard of the acquisition, I scratched my head wondering what Amazon was thinking. In this instance, they were thinking ahead.

Nov 02
2016

Location and Lifestyle

Posted by Steve Marr in Untagged 

I grew up in Detroit and never gave a lot of thought to moving for a number of years. I had a good corporate position, shopped at the same meat market my grandmother did and was the fifth-generation living in the Detroit area. I don’t think I would have moved except that my wife had severe allergies and her doctor told us we needed a climate like Arizona.  For that reason I resigned my corporate position and made the move.

Oct 21
2016

When Buyers and Sellers are in Conflict

Posted by Steve Marr in Untagged 

I’m working with a person who is seriously considering buying an income tax preparation business. The seller is taking a job out of town. While they may be able to place a manager in charge of the business, the business would be better served if sold before next year’s tax season.  Given that we’re at the start of October, time is short to finalize a transaction, do a simple financial review, and close so the new owner has time to organize for the 2017 tax year.

Oct 12
2016

Should You Provide Quotations Every Time?

Posted by Steve Marr in Untagged 

A fellow in the plumbing business, who belongs to my business network, took me aside the other day to discuss a request to quote on about $200,000 of work by a member of our homeowners association. He asked me if I could share any insights that would help him provide the best possible bid. Unfortunately, the request for the quotation (RFQ) was made by someone who was not authorized to seek bids and was for work that would never be approved. My friend was grateful that I was able to save him considerable work on a detailed proposal that would have been a complete waste of time.