I’m a baseball fanatic—and nowhere would I rather experience this wonderful sport more than at the ballpark itself.
But we’re not just talking one ballpark. To date, I’ve attended a Major League game in 63 – that’s right, 63 – ballparks.
Baseball totally engages my senses, my emotions, and even my love of all things numbers. There are sights, smells, drama, strategy, statistics and so much more to take in from batting practice through the final out. And the ballpark is where it all goes down.
Ballparks reside at the center of the long and storied history of this amazing sport. Since the game’s inception, ballpark design has steadily evolved. At the beginning, there were the “pre-classics” – old-time gems like League Park in Cleveland and early versions New York’s Polo Grounds.
As the game’s popularity grew, so did the need for larger parks. That’s when the “classics” like “old” Yankee Stadium, Fenway Park in Boston, Wrigley Field in Chicago and other mainstays came into being.
Next at bat were mid-century classics like Dodger Stadium, followed in the 1960s and 70s by an unfortunate series of cookie-cutter concrete doughnuts and domes such as Three Rivers Stadium in Pittsburgh, Riverfront Stadium in Cincinnati and Houston’s Astrodome.
Rounding third and heading home, baseball experienced a renaissance of ballpark design in the 1990s and 2000s with “retro-parks” like Camden Yards in Baltimore, Cleveland’s Progressive Field (nee Jacobs Field), AT&T Park in San Francisco and others. Finally, today’s newest ballpark, Marlins Park in Miami, features contemporary styling and a variety of fan-friendly diversions.
My passion for baseball is equaled only by my passion for the field of exit planning. As leader of the firm’s Value Acceleration/Exit Planning and Transaction Advisory Services Group and as the Exit Planning Institute 2017 Exit Planner of the Year, I work extensively with family businesses of all sizes and scopes, helping owners and their teams build and develop their businesses.
While ballpark design has evolved through the years, today’s parks retain many core elements from classic designs that help to reinforce the game’s timeless appeal. Likewise, value maturity – the art and science of positioning a business for success today and in the future – has also evolved with the times. Yet, many foundational tenets remain and guide our efforts at Skoda Minotti as we help business owners maximize value in good times and bad.
Indeed, these tenets are fundamental to The 5 Stages of Value Maturity, the leading-edge approach to value acceleration and exit planning we teach as part of our Owners’ Roundtable series.
In our upcoming five-part video blog series, I explain each Value Maturity stage in detail:
Stage One: Identify Value – know what your business is worth and how it compares
Stage Two: Protect Value – de-risk your business to protect its current value
Stage Three: Build Value – act strategically to get the business where it needs to be
Stage Four: Harvest Value – identify exit and succession options
Stage Five: Manage Value – secure your future income, and the lifestyle you desire
I encourage you to watch for our video blog series. If you have any questions in the meantime about Value Maturity, opportunities to maximize value for your business, or even ballparks, please don’t hesitate to call me at 440-449-6800 or email me at email@example.com.