Business

  • Ratios, KPIs & Metrics – Oh My!

    I know that title just lost 80% of the audience. I don’t think even “Ebola is in your bathtub” could be more scary for most – so if this blog post starts you hyperventilating, you’re not alone. Stick with me because you know my gig is to make the tough stuff in business finance understandable and actionable. I won’t let you down. I ...

    Posted at December 1, 2014 | By : | Categories : Business,Growing Your Business | 2 Comments
  • Coach, I Don’t Need No Stinkin’ Coach

    If you’re an Olympic gymnast or a Little League baseball player coaching is as natural as orange slices at soccer practice. It’s clear that to go from being a Lego-crazy 8-year-old boy into one that hit and field, you’re going to need some guidance. On the other end of the spectrum, how are you going to bring home the gold without help? For everything else in the middle should you be on your ...

    Posted at November 25, 2014 | By : | Categories : Business | 3 Comments
  • 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
  • Your Money Personality and Your Business

    In 1991 MC Hammer was gracing the stage with You Can’t Touch This and we minions of the 80s were dutifully wearing 10 yards of material Hammer called parachute pants (one of the many fashion tragedies that defined the 80s).  As a result of being our music hero and defining new fashion inroads, MC Hammer was worth $33 million in 1991.  ...

    Posted at April 10, 2014 | By : | Categories : Business | 0 Comment
  • Is Your Next Business Decision “All In”? Should It Be?

    Imagine you’re in an iconic movie scene.  You’re at a poker table in Las Vegas.  Rich tapestry, smooth green felt and fancy drinks.  A stack of chips sits on the table in front of you.  As the cards are dealt your hand looks good.  You feel the adrenaline rush as the moment of truth arrives.  Do you peel off a few from ...

    Posted at March 6, 2014 | By : | Categories : Business | 0 Comment
  • Cool Business Highlight

    Social media is a great place to find interesting people doing interesting things.  When I find someone intriguing, I’m likely to extend an invitation to chat on the phone or Skype and just get to know each other.   Steve Penner has been on my radar lately.   He started MoneyLedgers.com and I really wanted to hear his story because it’s not often you find a home spun accounting software - a slick Silicon ...

    Posted at February 5, 2014 | By : | Categories : Business | 2 Comments
  • Intro to Growing Your Business with Government Contracts

      Doing business with the government isn’t easy, a fact which deters a lot of small business owners from even attempting the gargantuan task.  However, the U.S. government is the largest purchaser of goods and services in the world and ignoring them would mean missing out on a large source of potential revenue. Competing for federal contracts requires quite a bit of ...

    Posted at December 19, 2013 | By : | Categories : Business | 0 Comment
  • Why Financial Savvy is Especially Important for New Businesses

    I’ve often been asked the question, “What should I do about my business finances?  I haven’t made a $1 yet.”   That’s a legitimate question.  It can feel a bit silly to put a whole bookkeeper/cloud system in place when there’s a zero in the income column.   I liken it to a 7-year-old baseball player.  I remember spending many hours ...

    Posted at September 17, 2013 | By : | Categories : Business | 5 Comments
  • What Your Salary Tells You About the Health of Your Business

                        Are you indispensable to your business?  Do you have “jobs” in your company that you or someone like you must do each day/week/month?  We could talk about EMyth principles or scalability, but I’m not beating you up about that (yet).  Running a business where money comes in the door is no small feat and ...

    Posted at August 20, 2013 | By : | Categories : Business | 2 Comments
  • Closing Down a Business While Achieving Debt Freedom

    Closing down a business is painful.  It’s the loss of a dream and a loss of years of planning, dreaming and hard work.  It’s an incredibly difficult time.  While all the craziness is happening around you, you need to make smart decisions about how you close down the business so that you can go on to your next endeavor.   The most important ...

    Posted at September 4, 2012 | By : | Categories : Business | 0 Comment
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