Resources

  • Are You Under-Banked?
    Are you under-banked? If so, you’re not alone. A recent article I read indicated that among CFO’s, being under-banked has landed on the growing list of challenges most CFO’s face. Here’s why:  A recent report stated that the financial landscape for small to medium sized businesses (SMB’s) has changed significantly.  Credit markets have become increasingly biased toward bigger…
  • How Much Debt Is Too Much?
    Recently, we talked about obtaining a line of credit as “sleep insurance” when growing your business and how to make sure you’re bankable and bank-ready when requesting a loan.  Some people are risk takers and don’t mind going into debt. Some are totally debt averse and don’t borrow at all.  But how much debt is…
  • 2 Questions You Need to Answer Before You Talk to a Bank
    Every business owner wants abundant cash flow in their business. It’s emotional and practical. Cash is like oxygen. Your business can’t function without it.  When cash is in short supply, owners become lightheaded, then despondent, then desperate. Cash represents success and lack of it, failure. It’s not a question of “if” cash is in short supply,…
  • Are You Losing Sleep Over Business Cash Flow?
    In your business, money has a way of going out just as fast as it comes in. When cash is tight (and it almost always is), many business owners go home at night worrying about lack of cash in their bank account. In fact, 54% of business owners in a recent Forbes survey are losing…
  • It’s Not What You Know, It’s Who You Know
    People do business with people they know and trust. But here’s an interesting fact: 8 out of 10 business owners that I talk to have a bank, but not a banker. So, if they don’t know or trust their banker, how do they borrow money? More often than not, they’re starting from scratch, trying to…
  • Teaching Financials to Drive Performance: Part 3, The Cash Flow Statement
    Every business owner wants to increase cash flow to have more cash. But it’s frustrating trying to figure out which “levers” to pull to increase cash flow. It shouldn’t be so hard to have a business that brings in more cash than it spends. Recent studies show that the lack of cash flow is the…
  • Teaching Financials to Drive Performance: Part 2, The Income Statement
    Every business owner has a big vision for their company and wants to make it happen. However, when the owner is struggling with making the company bigger, they often get confused or frustrated that it’s not happening. They didn’t teach you how to grow your company in college and there’s no on-the-job training when you’re…
  • Teaching Financials to Drive Performance: Part 1, The Balance Sheet
    Every business owner wants to make more money and maximize profits. The problem is that many business owners don’t know how to manage the finances of their business or what levers to pull to improve overall profitability.  One of my business owner clients put it like this: “I never had a problem making money. Revenue…
  • 3 Deal-Breakers to Start-Up Financing
    When business owners want to obtain a loan, it’s overwhelming to know where to start or what to do. It breaks my heart to see a business owner apply for a startup loan when many banks don’t even make them. But why don’t banks loan to startups? All banks follow a guideline that bankers call…