Why does the thought of outsourcing your accounting cause you heartburn? Likely because it promises to reduce or eliminate staff pay for your company. For […]
Category Archives: Growth
Cash Flow, Cash Management, Growth, Practice Management
7 Lessons Learned from the WeWork IPO Debacle
11
Oct
Oct
Every once in a while, a great business story captures the attention of millions. A game-changing iPhone made Apple the talk of the nation. Netflix […]
16
Jul
Jul
You are probably already making $1,000 per hour and just don’t realize it. This astounding claim is the most interesting point of Perry Marshall’s book […]
Banking, Cash Flow, Commercial Banking, Growth, Growth Stairway, Loans
To Get a Loan, Speak the Language of a Banker
06
Jun
Jun
Your business is growing quickly and you are approaching the next step on the growth stairway. This step includes the risk of taking on more debt […]
02
Nov
Nov
Measuring value is an extremely challenging topic for anyone to undertake. The most popular value is to measure by hour. Whether professional services or employees, each comes with a cost for every hour of time. The algebra for this method is straight forward and, (dare I say) fun. The 2018 federal minimum wage worker ($7.25 per hour) can work for an entire eight-hour day and earn $58. At approximately $4 each, that will purchase 14 ½ Big Mac sandwiches.&nb […]
10
Oct
Oct
Is this the most wonderful time of the year? October is here bringing with it cool weather, changing leaves and the baseball playoffs. To make it even better, the Cubs are in the postseason again! If their streak continues, I’ll have another sleep deprived month cheering them on to a repeat World Series. All this baseball has me thinking about great baseball movies. There is no shortage of quality movies about this American pastime but certainly one of my fa […]
24
May
May
If you’re an investor, a small business owner or a finance executive you’ve probably heard the phrase, “Cash is Trash.” Since the Federal Reserve went on its stimulus rampage after the beginning of the great recession almost eight years ago leading to QE1, QE2 and other variations of monetary stimulus it has encouraged the interest rates to lower to zero and negative in some cases. The savers of the world are bemoaning this policy as their cash […]
Banking, Cash Flow, Cash Management, Commercial Banking, Growth, Loans
3 Ratios Your Banker is Watching in Your Business
14
Jan
Jan
Running a privately held business is adventurous, exciting and risky. It is fun to be an entrepreneur and to interact with a diverse group of advisers and associates as you conduct business. If you are among the many businesses utilizing bank financing, one of these individuals needs to be a sharp commercial lender.Commercial lenders, also called Business Bankers, deal specifically with the business men and women using their hard earned capital to make investments for the future. By lendi […]