Every business owner has a big vision for their company and wants to make it happen. But, most business owners don’t follow a unified strategy to reach their business goals and struggle to know where to begin. It’s like trying to bake a cake without a recipe. You add a dash of this and a…
For anyone who’s thinking about becoming an entrepreneur, whether you’re just out of school or fed up with corporate America and are inspired to “go for it”, this blog is for you. Remember, mindset first, then skill set. Having the right mindset will get you further than simply checking the boxes of certain skills. So,…
Every business owner dreams of a business with lots of cash and positive cash flow. With this type of business, the owner can reinvest in the business, take distributions, and pay off debt. The options are endless. The problem is, most business owners don’t know which levers to pull in their business to increase cash….
Every business owner has a big dream for their company and wants to make it happen. But it can be overwhelming trying to figure out which decisions are helping the company grow and which ones are hurting. Once a business owner gets in a groove of their company operating smoothly, they often don’t want to…
Every business owner wants the business of their dreams with lots of cash flow and profitability. And with the Baby Boomers reaching retirement age, many are wanting to monetize that business in retirement to have financial freedom. However, business owners often don’t know what they should paying attention to in order to make that happen. They’re…
Every business owner wants to have the business of their dreams with lots of cash flow and profitability. However, not every business owner knows what levers to pull in their business to make that happen. Many will say, “I’m not good at managing finances” or “I might fail at managing the finances of my business,…
Have you ever stopped and examined your mindset as a business owner and leader? Your mindset impacts all aspects of your company—how you view situations and people and how you approach challenges and opportunities. It is much more nuanced than simply having a positive or negative mindset. Check out these two business owners with dramatically…
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…
When I started my company in April 2009, I didn’t know much about business formation or the tax implications. Thank goodness I had a good friend and CPA who sat me down and told me everything I needed to know. If you’re starting a business, a CPA you know and trust is one person that should…
Cash is like oxygen to a business owner. It’s necessary. The struggle comes when business owners get confused and frustrated trying to manage the cash flow of their business. It shouldn’t be so hard to predict cash collections and then match expenses against that. But when growth happens, receivables go up and cash goes down because revenue lags…
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