Cash Flow

Can you tell me anything more important in your business than cash? How much better would you sleep at night knowing you have enough cash to run your business for the next 90 days? Most business owners don’t know if they’ll have enough cash to pay all their bills this month, let alone the next three months.
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Are You Having Fun In Your Business Yet?

Usually three-letter words are OK, it’s the four-letter words you need to avoid!  Yet it’s hard to find too many people having FUN in their businesses today with all the changes that are being introduced and forced upon us due to COVID-19.  The real question is, were you having fun in your business before all this coronavirus stuff hit?  Unfortunately we find too many business owners who aren’t having fun in their business any more.  But it doesn’t have to be that way!

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A Turnaround Mindset Can Help You Not Only Survive, But Thrive in the Coronavirus/COVID-19 World

One of the things we have a lot of experience with is turnaround situations in business.  A turnaround situation in our books is simply defined as taking a company that is losing money and turning it around to making a profit.  Why is this important in the current Coronavirus/COVID-19 world? 

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How Do I Plan In Uncertain Times?

To say we live in uncertain times might be an understatement given the recent and ongoing changes to lives worldwide as we all wrestle with the fallout caused by the Coronavirus and COVID-19.  As a business owner, it can be twice as difficult as you are dealing not only with your personal situation, but also your business.  So how do you plan in uncertain times?
As you can probably appreciate, many folks don’t like to plan under normal circumstances.  But when it comes to uncertain times and your business, as the owner you really have no other choice but to pull a plan together.  The key is where do you start and how do you do it in a way that you can take action quickly?

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Business Plans – What Are They and Do You Need One (Part 1)?

We hear all the time from frustrated small business owners who say all they need is a business plan.  When we ask them why, it’s usually based on them hearing that from a bunch of people who ask them what their plan is for the business.  What does this even mean?

Dirty Secrets of Small Business Dirty Secrets of Small Business Dirty Secrets of Small Business
Posted in: Cash Flow, Getting Financing, Profit Plan Posted on

How Do I Get Money For My Business?

Most owners start and fund the initial growth of their business through a combination of their own personal savings, borrowing from family and friends, and maxing out their credit cards.  As those sources of money dwindle or become tapped out, the growth of the business can often be stifled by this lack of capital.  It’s at this point that many business owners approach alternative money sources (e.g. bankers or investors)