4 Ways to Increase Profitability
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4 Ways to Increase Profitability

Business owners dream of growing their business and making it the best it can be, but oftentimes they struggle to follow a unified strategy to get there. They’re unsure which areas to focus on to have the biggest impact and are left confused and frustrated.  Profitability, not profit, is a key ingredient to a successful…

Interpreting the Language of Accounting
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Interpreting the Language of Accounting

For my wife’s and my 25th wedding anniversary, our family went to France. Paris, Provence, Chamonix and on the way back to Paris to catch our flight home, we went to the cathedral in Reims. The one with the Chagall stained glass and where Joan of Arc was to be crowned by King Charles in 1429…

Accounting is the Language of Business
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Accounting is the Language of Business

“Accounting is the language of business, and you must learn it like a language…To be successful at business, you have to understand the underlying financial values of the business.”  –Warren Buffett  Time after time in my banking career I met with thousands of business owners who were looking for loans. Frequently, it became apparent that they had…

Have You Checked Your Blind Spots Recently?
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Have You Checked Your Blind Spots Recently?

We’ve all had the experience of driving down the road and trying to change lanes, only to realize just in time that there was a car in your blind spot. Or maybe you didn’t realize in time and the day ended much more disastrous than expected. Keeping an eye on our blind spots and checking for things we…

3 Liquidity Traps to Avoid
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3 Liquidity Traps to Avoid

You might be in a growth phase of your business. Growth always requires cash and cash is generally at a premium. Further, there are some liquidity traps to be avoided as you grow. Here’s 3 to watch out for:  1) Excess build-up of accounts receivable  It’s normal for your receivables to increase when you grow. However, if…

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