Category Archives: Business financial help
Understanding the Language of Accountants
My experience as a business advisor is that business owners can relate better to the activities of the business. Financial statements report the results of the activities. Continue reading
Instant or Deferred Gratification?
There can be a tendency to celebrate short term business success too soon. Let’s say your business has a good month and you make a nice profit. Should you take a bonus? Should you reward yourself right away? Continue reading
Managing Your Interest Rate Risk
It seems ‘the crowd’ is assuming that interest rates will remain low for a few more years, but let’s look at the investing side of the equation… Continue reading
Rent Some Money to Make Some Money
In business, have you ever heard the saying, ‘you need a quarter to make a dollar’? Money is cheap to ‘rent’ these days. Continue reading
A Simple Solution to Small Business Cash Management Problems
I was talking yesterday with a client who I consider to be the best at collecting money as a small business owner. Quite a few years ago he actually went to jail trying to collect money from one customer because he tipped a desk over on him! Continue reading
How to Build a Business System for Freedom and Profit
Are there certain parts of your business that you feel have to be done by you – the business owner? Here are some tips from Paul Foster, The Business Therapist, to build a business system for freedom and profit. Continue reading
How to Increase Profits Easily in Your Business
Every business has some ‘low hanging fruit’ to pick. There are ripe profits stuck between the leads your business generates and the actual revenue dollars you convert from these leads. There are many reasons that many of your leads did not become sales. Continue reading
Slow Paying Customers
When a customer is tardy in paying their account, they typically get a lot of attention from you as a business owner. You might even call them up and ask how things are going and find out if you can help them along – so they can pay their outstanding account! Continue reading
Improving Business Owner to Banker Communications – 3 Tips
Bankers speak one language – business owners speak a different one – when they get together without a translator, the result is usually frustration. Here are some tips accumulated over 30 years of being a translator, (aka: accountant and small business advisor). Continue reading
Helping Determine the Value of Your Business
Many business owners ask, ‘what is my business worth?’ That depends if the valuation for a buyer, seller, estate plan, banker or divorce settlement. Here are the basics to help determining the value of your business. Continue reading
