Two Minute Business Wisdom

Two Minute Business Wisdom

Independent business analyst and small business owner J Cleveland Payne offers success tips for business owners and professionals every week in a quick and concise format.

Recent Episodes

Feb. 6, 2024

Look For Investors To Diversify Your Risk From The Beginning - TMBW 243

Polish up your business plan and get to work. Find seller financing. Raise funds from investors. Use different types of loans. Ask friends and family who understand how investing in a business works. The financial risks of g…
Jan. 30, 2024

Plan For Downside Scenario - TMBW 242

Things will go wrong in your business. Don’t attempt to survive on sheer will. Have understood and ready to implement plans in case of multiple downside scenarios.
Jan. 23, 2024

Have An Exit Plan - TMBW 241

Knowing how long and how much fiscal damage it will take to sell a business if you want (or need) to should be known before you receive the keys to the building. A business that doesn’t align with your exit plan may be a bus…
Jan. 17, 2024

Don’t Take On Unprofitable Or Turnaround Business Unless You Are A Pro – TMBW 240

If you have never worked in an industry, you should avoid taking on the responsibility of a troubled business. A turnaround story on an unprofitable business is excellent to tell but hard to write if you have never done it b…
Jan. 9, 2024

Get Organized – TMBW 239

A crucial key to business success is organization. Proper organization will help you complete tasks and stay on top of things to be done.
Jan. 2, 2024

Take The Time To Understand How Everything Functions Before You Start Making Changes – TMBW 238

Before making any significant changes at a company you are taking over, take as much time as you need to understand how everything functions and who the key players are. Your genius changes to the process may have been attem…

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