Business Models

Every business has a business model whether it is written down or not. One thing that makes buying a franchise so appealing, and contributes to the survival/success rate being better than non franchise businesses, is the fact that everything is written down. So if your business model isn’t written down, you might give it a [...]

Working out Troubled Businesses

My name is Rick Fox. I’ve spent over 30 years working out troubled businesses and investments. My first workout, as team leader of what bankers call “special assets” or even better “troubled assets”, was in 1977. It was a startup chain of 10 fast food restaurants. The owners were two brothers that had owned 10 [...]

Internet Marketing

I started building websites for myself over 20 years ago. I thought myself HTML coding. The websites started out being very crude, but 20 years ago just having a website was cutting edge for a small business. When I retired from Investment Banking & asset management and moved to Arizona 14 years ago, I started [...]

Master the Skills Taught in Top MBA Programs

Most small to medium size business owners I know, know a heck of a lot more about their business than any MBA I know. MBA’s are taught to believe they are the smartest person in the room, it just isn’t true most of the time. The person whose mind conceived and sweat created the business [...]

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Business Models

Business Models

Every business has a business model whether it is written down or not. One thing that makes buying a franchise so appealing, and contributes to the survival/success rate being better than non franchise businesses, is the fact that everything is written down. So if your business model isn’t written down, you might give it a try. Most business owners that don’t have a written model tell me that when times are good, why bother; and when times are bad, they just don’t have the time. … Continue Reading

Working out Troubled Businesses

Working out Troubled Businesses

My name is Rick Fox. I’ve spent over 30 years working out troubled businesses and investments. My first workout, as team leader of what bankers call “special assets” or even better “troubled assets”, was in 1977. It was a startup chain of 10 fast food restaurants. The owners were two brothers that had owned 10 McDonald restaurants in Kansas City and Houston, Texas. As an investment banker, I had given them some friendly advise after they sold their McDonald’s back to corporate and had come up with an innovative restaurant idea. I told them build one prototype, work out the bugs. … Continue Reading

Internet Marketing

Internet Marketing

I started building websites for myself over 20 years ago. I thought myself HTML coding. The websites started out being very crude, but 20 years ago just having a website was cutting edge for a small business. When I retired from Investment Banking & asset management and moved to Arizona 14 years ago, I started consulting for businesses in the travel industry. My main clients were owners of hotels, restaurants, tour companies and I did work for Native American tribes wanting to get into tourism. … Continue Reading

Master the Skills Taught in Top MBA Programs

Master the Skills Taught in Top MBA Programs

Most small to medium size business owners I know, know a heck of a lot more about their business than any MBA I know. MBA’s are taught to believe they are the smartest person in the room, it just isn’t true most of the time. The person whose mind conceived and sweat created the business is always the smartest person. But there are things that MBA’s have been taught that can make your business life easier. MBA’s are taught a holistic approach to business while most business owners concentrate on the things they know and do best. … Continue Reading

Oil, Israel & the US Economy

Oil, Israel & the US Economy

I first got interested in studying tough economic times and how to survive and prosper during the early 1970′s when I was a young Wall Street Adviser. At that time inflation had briefly eclipsed 6% in 1970 and was consistently above 4% in 1971. To stop this “intolerable” rate, President Nixon in a surprise address on Sunday evening August 15, 1971 announced that he would immediately impose wage and price controls, slap a 10 percent duty on imports, and suspend the international convertibility of the U.S. dollar into gold. All were to be temporary measures to promote jobs, dampen inflation, and combat speculators. … Continue Reading

Why Most Businesses Fail

Why Most Businesses Fail

Even if your business isn’t failing, but just under performing what I have to say in this post is important. I have done a lot of business and investment workouts over the past 40 years. A workout for those that don’t know is the process of turning around a troubled business or investment and making it profitable. This can be done with or without filing for Chapter 11 bankruptcy protection. In this post I want to share some of what I’ve learned over the years. … Continue Reading

Real Economics and Your Business

February 8, 2012 Featured Content 1 Comment
Real Economics and Your Business

I’m an economist at heart, that was my major as an undergraduate. Sometime shortly after college I realized that what I had been taught at two different universities, one a famous Ivy League business school, wasn’t exactly right. I also learned that most professors would rather teach you what to think than how to think. So instead of learning the pros and cons of different economic theory, we learned that one theory should be treated as fact and all others dismissed. We had reading lists with books like Keynes’, The General Theory of Employment, Interest and Money while many of the classics like Adam Smith’s, The Wealth of Nations were mere snippets  in our textbooks. It wasn’t until I was out of school that I started reading a broad cross section of economic books. … Continue Reading

What Would Jesus Do?

What Would Jesus Do?

Today’s post regards an ethics question. A what would Jesus do question. A question that I’ve been asked repeatedly over the years. A question that arises less out of greed and more out of need. A question that becomes more relevant  as our government becomes more out of control, with more regulations, more punitive laws, the inability to cut spending and the need to raise taxes. A question that becomes more relevant as Christians everywhere come under more attack. For years it has been known as “the underground economy. Now it has fancier names. But what would Jesus do? Please do not give a quick answer. Think and pray this through. Know for sure what Jesus would have you do. … Continue Reading

Why Does Apple Manufacture iPhone in Asia?

Why Does Apple Manufacture iPhone in Asia?

The New York Times has published a lengthy, but fascinating piece titled “How U.S. Lost Out on iPhone Work,” offering an interesting insight into Apple’s supply chain. Not just Apple, but almost every consumer electronic company’s manufacturing is outsourced to Asian countries. So what’s the reason behind that? You’d think it’s cheap, unskilled labor, but there’s a lot more behind these companies’ decision to move their manufacturing to Asian countries, than just saving money on paying wages. … Continue Reading

New Website

January 10, 2012 Featured Content No Comments
New Website

I spent this Christmas and New Years away from my family in Israel. It was hard on us all. I won’t go into the reasons for my trip but I do want to talk about one thing that did result from the trip….that is a new website that I’ve launched. Other teachers will be joining me writing articles and one is from Israel. As readers know I was not diligent in 2011 writing articles for Christian Business Solutions, I will do better. Most of my time in 2011 was spent working on apostolic teams and church government, part of the teachings that will be put forth on the new website. I had a lot of failures in 2011, they say it’s the best school. Time will tell. … Continue Reading

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Why Most Businesses Fail

February 27, 2012

Why Most Businesses Fail

Even if your business isn’t failing, but just under performing what I have to say in this post is important. I have done a lot of business and investment workouts over the past 40 years. A workout for those that don’t know is the process of turning around a troubled business or investment and making [...]

The Time Has Come!

October 27, 2009

The Time Has Come!

The Time Has Come! Today more and more people are going into business for themselves. It’s currently reported that over 25% of all adult Americans are self-employed, with many more considering going into business for themselves. People work out of their homes today  because technology has brought us to a place where we no longer [...]

Successful Entrepreneurs

October 20, 2009

Successful Entrepreneurs

Success is a state of mind, just like happiness. One person’s definition of success might be different from another. To one, success might be paying bills and providing for family, to another success might be growing a business to 100 million dollars in annual sales. Success is relative. And at times, the more successful you [...]

How to get the Vision

October 13, 2009

How to get the Vision

When Moses went up on the mountain, the cloud covered it, and the glory of the Lord settled on Mount Sinai. For six days the cloud covered the mountain, and on the seventh day the Lord called to Moses from within the cloud. Exodus 24:15-16. The blue print “Then have them make a sanctuary for [...]

Planning for Success

October 8, 2009

Planning for Success

Business plans or better yet, strategic plans are very important for every business. Although they’re very important, most business owners have never actually written one. So, what’s a business plan? A business plan is composed of two main elements: A narrative that describes your business in detail and a financial summary that shows how your [...]