All companies go out of business for the same reason: They run out of cash. This is the single biggest concern that keeps many owners up at night. While they know this fact, they are never able to implement a cash flow tool to track their weekly […]
This post is contributed by Jason Dirkham
You’re an intelligent person with a creative streak. So, it isn’t a shock that you are a small business owner. Entrepreneurs love to develop new ideas and make money, and you are no different. However, it’s not just […]
This guest post is by Carrie Wood, Co-founder at Lease Ref.
Commercial real estate decisions and lease renewals are typically only made by businesses every 5 or 10 years, since those are the typical lengths for lease terms.
Unfortunately, that does not bode well for the tenant who wants […]
The dilemma on whether to grow revenue or cut expenses to increase profitability has perplexed small business owners for generations. In frustration, many decide that they want to do both at the same time! Typically, this is not realistic.
The correct answer on whether […]
I have borrowed (and lent) money to family members and have lived to tell the tale. But make no mistake, this common activity is also a dangerous activity that can wreak havoc in personal relationships.
The National Foundation for Credit Counseling’s 2016 Consumer Financial Literacy […]
Most small business owners don’t charge enough for their service to make a profit.
They are afraid if their price is too high, customers won’t buy from them. They reason that even a small profit is better than no profit at all. This fear actually prevents them from […]