Business risk happens to be a wolf in sheep’s clothing. However, if you give all the sheep hockey sticks and a puck like Wayne Gretzky, that wolf will likely hide behind the goal’s net. No one likes getting hit by the puck several dozen times! But we get it, though: we’re afraid of ticking off […]
Finance Articles & Posts
This section contains some essential "How-Tos" for small business owners and Entrepreneurs. The goals are to provide critical information, tips and recommendations to improve your business including financial statements, budgets, and raising capital. After you have reviewed them, you should move on to the FINANCE TEMPLATES section located in the Navigation bar beneath FINANCE ARTICLES.
Many clients start the entrepreneurial process asking the age-old question, “How do I raise money?” Unfortunately, beginning a business is a process that involves fulfilling a number of requirements before one can even think about raising money. The requirements for financing a business I am referring to may seem obvious, but they are critical to actually […]
A recent Wall Street Journal article reported that ten of the largest banks that issue small loans to businesses, lent a total of $44.7 billion in 2014. That’s down 38% from a peak of $72.5 billion in 2006. Doing a quick math addition, that means banks are lending about 30 BILLION less in small business […]
Startups frequently develop from excellent ideas, enthusiasm, uniqueness, and energy, but oftentimes lack the proper understanding or programs that will make money. In the 3,000-plus startups and small businesses that I’ve mentored over the years, execution is frequently the biggest challenge. I have developed a pretty “spot-on” (and flexible) simple business model that quickly establishes […]
There are lots of great tools, rules, and accountants to help businesses complete and analyze profits, sales, and costs. Unfortunately, this is an area where clients frequently throw out the baby with the bath water. They often fail to use Gross Margin Analysis. Most business people understand the basic rules surrounding Gross Margin. They just […]