Tackling the Monthly Profit Question

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  It’s the all-important question for every business owner: will I make a profit this month? A few years ago, I was talking with a prospective client who was describing the difficulties she was having with her control. She was frustrated over the usual stuff: untimely monthly financial reports, lack of confidence in the numbers,

How Successful Businesses Use Debt in an Intelligent Way

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  Does the sound of the word “debt” give you a nervous knot in your stomach? You’re not alone—the idea of going into debt is a scary prospect for most of us. In fact, many small business owners need to take on some debt to grow their businesses. Too much debt is never good but

Five Mistakes to Avoid When Making Big Financial Decisions

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If you’re a business owner, the latest stats from the Bureau of Labor Statistics aren’t good news. According to the BLS, 20 percent of businesses fail within the first year, no matter the economic conditions. But that’s not the worst of it. Fifty percent fail within five years and 30 percent fail by their 10th

The True Cost of Waiting

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During an interview on NPR, a guest talked about a concept that has always stuck with him, “why wait?” or “do it now,” – “DIN” – which fits really well with what we’re talking about today. He benefited significantly from the “don’t wait around for something to happen” approach, and so can you. Waiting, as

Why Businesses Call Us For More Management Horsepower

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  In my last 2 blogs, I talked about “Why do business owners call us?” It differs a bit from the question “what do you do?” and it requires more than a one-word response. We are frequently called in to assist businesses facing out of control growth, chaos with their finances, and people problems that

What We Do About Retirement for Business Owners

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In my last blog, I talked about “Why do business owners call us?” It differs a bit from the question “what do you do?” and it requires more than a one-word response. We are frequently called in to assist businesses facing out of control growth, chaos with their finances, and people problems that affect their

Do You Need More Management Horsepower?

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  Why do business owners call us? It differs a bit from the question “what do you do?” and it requires more than a one-word response. We are frequently called in to assist businesses facing out of control growth, chaos with their finances, and people problems that affect their profitability. The bottom line is, they

What Tennis and Owning a Small Business Have in Common

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  What do tennis and business ownership have in common? Well, more than you would think. In my early days, just a few years ago (NOT), I played four different team sports (I loved volleyball especially) and they kept me busy year-round. But as I got older, my knees told me to give them a