- How much should you have in cash reserves? In standard
The client called me almost 6 months after we had originally spoken. They had chosen to take our suggested solution and implement it themselves, saying it was cheaper to do it in house rather than to hire us. Six months later, what they had was a bigger mess than what they started with. Unfortunately, they
You may have started this business on your kitchen table, or in your garage, or, even in a trendy new co-working space. But now you’re officially a “big” company, pulling in a couple million — with your own office space and a staff and a lot of growth on your horizon. You are a real
It’s December, and I REALLY should be writing about how important it is to set a realistic budget for the new year. I know I should write about the proper methodologies for deriving the budget, and how it’s critical for business growth… blah, blah, blah. But I just can’t. I can’t because frankly, I’m sitting
What would have happened to the Titanic if they knew about the size of the iceberg before they hit it? If you aren’t getting the right– and timely– information from your accounting department, it may be a sign that it may need an overhaul.
Ask any business owner if they ever have enough money or enough people to get the job done and their answer is probably a guffaw and a resounding “NO!”
When you ask them who they need (in a perfect world) you’ll hear they need sales people, operations people and line workers. Rarely do they say they need this one critical position.
When businesses look for cost savings, one of the first places they look is to reduce one of the largest expenses on their P&L–their employees. We agree that employees are a great place to start saving money– except our approach comes with a twist.
Have you ever wondered why you may be selling more and more but aren’t making any more money? You may have a problem with your mix. Just as too much of one ingredient can ruin a recipe, mix can make the difference between profitability and losses, a cash crunch and money in your pocket. It
I used to row on the crew team in college. For those of you who know me, at 5’2″ I’m not exactly the typical long and lanky rower-type. Despite my lack of height we did pretty well for a bunch of novices—and even won some regional races. But that’s beside the point. The boats we
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