Posts Tagged 'consulting'

Not as good as you think

I was talking with someone last week about the consulting work he’s doing. He mentioned he is doing some work for a start-up company that has very little money, so he is doing the work “persona non grata.”  Hmmm.  Seems like a start-up with little money doesn’t need an unwanted person doing consulting for them. 

Maybe we should learn the difference between the Latin persona no grata, and gratis.

Advertisements

More Family Business Crap

The situation with my family’s business keeps moving along.  It’s really so sad.  A company that was built and run by brothers who loved each other, and who would do anything to take care of their families, is being torn apart by their children.  It is now a virtual certainty that the company will not survive with all the cousins retaining their ownership and positions in the company.  It will probably survive in some way, but one side of the family will be forced to relinquish control. 

Among the losses:

  • 10 lbs. by me, 15 by my grandfather
  • tens of thousands of dollars in CPA and lawyers fees
  • hundreds of hours of sleep
  • countless business because attention is diverted elsewhere
  • all trust that family can be counted on, and a solid family business can provide a safe haven

i did some research and found out that only 8% of family businesses make it to a third generation.  That is incredibly sad.  Our parents and grandparents were builders.  We’re now scavengers and arbritagers.

What to do

I have now officially sold my clients to one of my employees.  It just made more sense for the company to be headquartered in Baton Rouge, since that is where most of our clients were.  However, I was not about to move to Baton Rouge. 

So now what?

For a while I thought “I just want a job.  I want to go to work, do my job, and come home.”  Now I’m not so sure.  I think I have something to offer smaller, growing companies.  I think I would like to be a consultant.  I feel my experience can help small companies not only with strategy and obtaining finance, but with the really difficult factors in acually running a business.  I feel I can provide expertise and advice in the operations.  I want my clients to be able to continue to run the business from the friends and family round, to the angel round, to the 2nd and 3rd rounds of funding. 

I’m not sure just yet if my work will be on a consulting or a contract basis, or if I will end up working full time for a small company. 

So now I’m out there.  I’m filling my days with coffee and lunch meetings to try to meet as many people as I can.  I’m keeping my options open for the time being, because that’s the only way I’m going to recognize when the right opportunity (ies) comes along.