Simple numbers straight talk. How to unlock your business potential by managing your cash flows
Many small business owners tend to make financial decisions based on the dollars in their bank accounts. They use their bank balance to make decisions about paying their staff, when to make a purchase from a supplier or when to pay other bills. We...Read More
Making the Most of your Budget
Techniques for evaluating your business It is common to prepare a budget for the next year and then never look at it again. Business owners may feel that the very process of preparing a budget is adequate.Read More
Why increasing sales may be bad
Are you excited because your revenue is increasing? Hold on a minute, you need to find out why that is. Increasing sales on their own may actually be a signal that something isn’t right. If your business is manufacturing or retail sales, then your...Read More
How do you determine what to sell?
The art of the sales mix Business owners who sell more than one product often have a tough time deciding how much of each product to offer their customers.Read More
Sales are for Vanity, Profits are for Sanity
I have the pleasure to chair a number of master mind entrepreneur groups. We meet once a month for a day and help our fellow business owners make decisions to be successful in their businesses. I have experienced some amazing magic around our...Read More
What are the Skills Sets of a Successful Entrepreneur?
What are the skills sets that make a successful entrepreneur? A team from Harvard Business school asked this question. Is it the technical brilliance of Bill Gates? The obsessive focus on customer experience of Steve Jobs? The vision, passion and...Read More
Why I use Finazz
Financial Analysis Software for your small business needs I am a CPA, the CFO of Finazz, and I use Finazz! I also sit on the board of directors of another organization. As a board member, I am not involved with the accounting. So, I want to know...Read More
Business is Numbers. What if you understood your financial numbers better? Would that help you grow and succeed in your business?
Someone recently told me a story of their Grandpa coming to America from Russia at the turn of the last century, with nothing. Starting with two machines in the back of a shop, he built a textile mill. This textile mill provided for his family and...Read More
Safety nets to protect your business
Internal controls. These are words often used by accountants. “You need better internal controls.” But what does that really mean? It means you must have policies and procedures in your business to help everything stay on track. They are meant to...Read More
When should you incorporate your small business?
It depends on how much money you need to live on (to pay your rent or mortgage, buy food, run your car, etc.). You want as much money as possible. Right? But first, what does it mean to incorporate a business? The actual running of your business...Read More