The break-even point is normally used with manufacturing to determine if it is reasonable to begin or continue manufacturing a particular product but it can also be used with service […]
accounting
Suitcase Accounting – only if you want to spend double on preparing your taxes
Most people don’t like to spend money that they don’t have to. There is one group of people who always spend at least double on tax preparation services that they […]
I just received an Inheritance – now what?
We all have those times we wish we could win the lottery or inherit a ton of money from a rich, long lost relative we didn’t even know we had. […]
Are you taking time away from your real passion?
I have run my own business for 16 years now, during that time I have seen more businesses fail than succeed. Most of those have gone by the wayside because […]
Key Indicators – Income vs. Cash Flow
Income and Cash Flow are two very different things. You can have a million dollar business, and still be unable to pay the bills. There are several contributing factors to […]
Do you dream of owning a multi-million dollar business?
The perception of people who are not entrepenurers is that all business owners make tons of money, drive expensive cars and own several large houses. This can be the case […]
Key indicators – Profit
It is easy to know that a business that is operating at a loss is in need of intervention to get it profitable, but what about a business that is […]
Networking – profit, loss leader or plain loss?
Networking has become one of the most used marketing avenues for small business. As my husband Jared, who is a PR and Marketing strategist, says, “People have to know you, […]
Budgeting – science or insight
One of the most common questions I am asked is how do you develop a budget, especially if you are a new business and have no track record. The answer […]
Key Indicators – Do you have the money to pay your bills?
As small business owners we normally can tell if we have enough money in the bank to pay the bills this week, but what about for the rest of the […]