An effective financial management system is the backbone of any organization, large or small. Without it, even lucrative businesses cannot succeed. Planning your finances allows you to identify both short-term and long-term financial objectives and […]
Just three years after it was founded, FedEx was burning close to one million dollars a month. At its most desperate, the delivery company had just $5,000 in the bank, substantially short of their $32,000 […]
Starting a small business can be a tough task. There will be plenty of big decisions you have to make right from the start. Arguably the most important task you have is deciding on how […]
ONE of the biggest challenges for any small business is getting the investments and funds needed to grow. Although a small business loan or overdraft is often the first thought, they are not always easily […]
Finance traps are anything that stops the flow of money in the right direction for extended periods of time. The proper flow of funds in a business should go from sales (income), to overhead (including […]
When it comes to personal finance, the most common mindset is to think about what’s expected. For example, most people don’t start saving money until they know what they want to spend it on. This […]
I had an interesting conversation with a brilliant, hugely entrepreneurial guy who owns a technology company that is so hot right now that, with absolutely zero PR or fundraising activity, he is getting pursued by […]
Thinking about expanding your small business? Maybe you have outgrown your current space, need to purchase more inventory to meet demand, or to upgrade to more modern equipment. In order to keep up with your […]
