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I have experience in all aspects of starting operating and exiting a successful small business.
I founded a business in 1989 where we serviced medical electronics equipment. We began with an initial investment of $1,000 and grew the business to over 5 million dollars annually. We have done this without debt.
I developed and implemented an exit strategy that allowed me to retire in 2011.
Prior to starting the business I was COO of a company that sold capital equipment to hospitals and doctors offices.
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Resume
Education
I am a self taught business person that knows how to work in the real world and build a successful business.
Published Mar. 17, 2013
Ask SCORE
After working for more than 25 years in the publishing industry, the company I worked
for downsized and I accepted an attractive buyout package. Now I’d like to start my own
business. What do I do first?
About the Author
This column is brought to you by the Merrimack Valley Chapter of SCORE, with nearly
70 current and former business executives available to provide free, confidential, one-on-one
business mentoring and training workshops for area businesses. Call 603-666-7561 or visit
merrimackvalley.score.org for information on mentoring, upcoming workshops and volunteer
opportunities. SCORE is a national, non-profit organization and a resource partner of the U. S.
Small Business Administration.
Published Mar. 5, 2013
Choosing Among Sole Proprietorships, Single-Shareholder Corporations And Single-Member LLCs For New Businesses
Choosing Among Sole Proprietorships, Single-Shareholder Corporations And Single-Member LLCs For New Businesses
Q: I’m starting a new business in New Hampshire. I will be its only owner. Should my business be a sole proprietorship, a single-shareholder corporation or a single-member LLC?
About the Author
John Cunningham is a N.H. business lawyer whose practice is focused on LLC law and tax. He chaired the N.H. Business and Industry Association committee that drafted the Revised New Hampshire Limited Liability Company Act, a radical revision of New Hampshire LLC law that went into effect on January 1st. LLCs are, by a wide margin, the entities of choice for N.H. business start-ups.
Published Feb. 8, 2013
Q: What are limited liability companies (“LLCs”), and what should businesses know
about them?
A: LLCs are a new type of business entity that emerged in the early 1990s. They have many important legal and tax characteristics, but the key ones are these:
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Liability shield. LLCs provide their owners (called “members”) with a statutory liability shield that is essentially identical to the corporate shield.
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About the Author
John Cunningham is a N.H. business lawyer whose practice is focused on LLC law and tax. He chaired the N.H. Business and Industry Association committee that drafted the Revised New Hampshire Limited Liability Company Act, a radical revision of New Hampshire LLC law that went into effect on January 1st. LLCs are, by a wide margin, the entities of choice for N.H. business start-ups.
Published Feb. 7, 2013
Ask SCORE
I’ve recently taken my business plan for a new and innovative consumer product to several banks seeking funding, but have had no success. What are some other financing options that might be available to me?
Ask SCORE
My partner and I have been running our laser engraving business ourselves for the past two years. We’ve reached the point now where we’re both completely maxed out, so we’re considering hiring at least one employee. Where do we start Read more.....
Ask SCORE
Over the past 15 years, nearly two-thirds of new jobs have been generated by small businesses. Yours may be one of them. That’s good news for your local economy, for your customers whose expectations for quality service are higher than ever, and for you, as you can focus your energies on other priorities.
Published Aug. 11, 2012
A Quick Reference Guide for Start-up and Existing Small Businesses in Austin and San Antonio
Published Aug. 10, 2012
Following a number of years in the insurance industry, five years ago I left my job to have a child and be a stay-at-home mom. Now that my son is beginning school, rather than returning to work, I’m thinking about starting a business. What advice can you offer? Read more...
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Current
City: Walnut Creek, CA
Business Plans, Strategic Plans, Financial Plans, Business Planning Tools, Accounting, Health Care, Importing, Exporting. 30 years experience in the medical equipment industry, last as Chief Financial Officer (CFO) of a full scope Medical Equipment Business Unit of a large multinational company. Prior work experience included an import operation in the US and an export operation of a large manufacturer in Germany.
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Resume
Education
Education and Business Schooling/Training in Germany.
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Current
City: West Chester, OH
CAREER SUMMARY
Prior to leaving the corporate world in 2005, Jim spent 35 years with companies engaged in healthcare distribution, the last 20 years at President, COO or Senior Vice-President level with full operational and P&L responsibility. Companies or Divisions for which he was responsible ranged in size from start-up to over $2.5 billion.
Since establishing an independent business advisory practice in 2006, Jim has been engaged by clients from three broad categories
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Investment banking analysts and portfolio managers seeking insight into the pharmaceutical distribution industry relative to major companies’ strengths and weaknesses, overall marketplace positioning, profitability drivers, etc.
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Companies within the pharmaceutical distribution industry for specific project-related strategy development, implementation and execution.
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Medium-sized firms within the greater Cincinnati area seeking the benefit of Jim’s broad depth of experience in establishing strategies in a wide spectrum of needs ranging from managing growth, financing requirements, owner exit strategies and mergers and acquisitions.
Jim is also actively involved The Goering Center at the University of Cincinnati College of Business and in the local chapter of SCORE, America's premier source of free and confidential small business advice for entrepreneurs.
EXECUTIVE CAREER PATH
President, Wholesale Operations for the F. Dohmen Company, a family-owned and operated, traditional drug wholesaler, consisting of four distribution centers and annual revenues of $2.5 billion. 2004-2005
President and Chief Operating Officer for Superior Pharmaceutical Company and RxBazaar, a specialty generic pharmaceutical distributor coupled with an Internet-based trading exchange, providing a unique mechanism for linking buyers and sellers of price-advantaged pharmaceutical products. Grew revenues from $15 million to over $100 million. 2000-2004
President, North American Dental Group for Henry Schein, a publicly traded distributor of products and services to office-based healthcare providers throughout the world. The North American Dental Group was the largest of five operating units, contributing more than 50% of worldwide revenues and operating income. Increased group revenues from $260 million to $1.1 billion through a combination of double-digit internal growth and fourteen acquisitions. 1994-2000
Senior Vice-President for FoxMeyer, once the third largest and fastest-growing pharmaceutical distributor in the U.S. 1987-1994
McKesson Drug Co. Prior to 1987
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