Author Archive

  • 09 What are retained earnings and where do they hide on your balance sheet?

    Download MP3 Find in iTunes As business owners, we are constantly juggling all aspects of preparedness, so it is oftentimes difficult to find the motivation to understand the ins and outs of our balance sheet. Furthermore, things are not always as they appear. However, it is crucial to not only consult the numbers for a peace of mind, it is also important to ...

    Posted at June 12, 2014 | By : | Categories : Podcast | 0 Comment
  • 3 Things All Business Owners MUST Know About Money

    Look around you – what do you see? Chairs, carpet, a sweet doggie? Each of these things started as a dream – someone had a dream to be the best chair/carpet/dog breeder in the world and to build a business doing it. In fact, I’d be willing to make a large wager that none of those people started their chair/carpet/dog breeder business because they really wanted to crunch numbers, debate the merits of debt ...

    Posted at June 7, 2014 | By : | Categories : Funding a Business | 1 Comment
  • 08 Your Ratios and You

    Download MP3 Find in iTunes Having recently returned from a trip to Austin, where I spoke to the ASMC, a conference for the Association of Apple Authorized Retailers, the folks that are on the frontlines of getting us Apple service and products and helping us use them, I have been thinking about a very common question I am often asked. A lot of business ...

    Posted at June 5, 2014 | By : | Categories : Podcast | 0 Comment
  • 07 – Identify and Manage Around Risk In Your Business – Because Risk Is Always About Money

    Download MP3 Find in iTunes Facebook founder Mark Zuckerberg once said, “The biggest risk is not taking any risk... In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” As a believer in this statement, Mitchell D. Weiss continues his interview to emphasize on the need to identify and manage risks.   The author of “Business ...

    Posted at May 29, 2014 | By : | Categories : Podcast | 0 Comment
  • If Accounting Perplexes You, Have I Got a Book for You…

    Even though I nerd out on money in business, I know that the vast majority of business owners don’t go into business to have unfettered access to spreadsheets. They want to build artisan chairs or run a retail store that provides their community with the best IT in 4 counties. The financial side is kinda like toilet paper that gets stuck to ...

    Posted at May 27, 2014 | By : | Categories : Business | 0 Comment
  • 06 Mitchell D. Weiss – Your Business and A Bank Loan – It’s Not the Impossible Dream

    Download MP3 Find in iTunes Entrepreneurs seek the help of bank loans regularly only for most to be shot down and deprived from their dreams of owning a business. Fortunately this doesn’t need to be the case the next time you apply. Mitchell D. Weiss joins Money Morsels to help you learn how to get a bank loan the right way. A famous ...

    Posted at May 22, 2014 | By : | Categories : Podcast | 0 Comment
  • 05 Pitching Family and Friends

    Download MP3 Find in iTunes One of the important aspects of running a business is raising funds. At times where bootstrapping isn’t possible, you’ll need a capital cash infusion to take care of numerous costs and other factors like location. In such cases, you need to start with the kitchen table pitch, i.e. selling your idea to friends and family members ...

    Posted at May 15, 2014 | By : | Categories : Podcast | 0 Comment
  • Why my 1978 VW Bus is like Your Business

    Once upon a time I thought it would be great fun to drive a vintage VW camper bus. It was avocado green and had been purchased by my in-laws brand new in 1978. No one in the family was currently driving it so I volunteered – picturing tooling around town and long surf days at the beach.   Fast forward a few months and ...

    Posted at May 12, 2014 | By : | Categories : Funding a Business | 0 Comment
  • 04 How to Plan Cash in Your Business

    Download MP3 Find in iTunes Former General Electric chairman and CEO once said, “Cash is King”. However, like royalty, you need to make sure of handling it delicately or you (and your business) will suffer the consequences, mainly low cash flow and inability to meet expenses. To avoid these pitfalls and treat your cash right, you need to learn how to plan your cash flow.   By ...

    Posted at May 8, 2014 | By : | Categories : Podcast | 0 Comment
  • 02 Money Morsels: How to Grow Your Business, Without Tanking It

    Download MP3 Find in iTunes There’s a quote that is sometimes attributed to Lou Holtz, the legendary Notre Dame football coach that goes like this: “If you aren’t growing, you are dying.” This is true in life and in business. All businesses grow, some simply tank as a result. So how do you avoid that fate; how do you grow ...

    Posted at April 10, 2014 | By : | Categories : Podcast | 0 Comment
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