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 your own business has a thrill to it in that you get to be your boss determining your working hours and working on what you are passionate about. The thrill is only there though […]
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 […]
In October 2010, Kevin Systrom and Mike Krieger launched their online service called Instagram. For those who don’t know (if any), the app is used for online photo or video sharing and social networking. Instagram […]
Click the books for more information and where to purchase E-Myth by Michael Gerber E-Myth completely changed my perspective on running a business. Most small business owners are stuck in the “technician” role, and they […]
In order for any business to grow, expansion into new markets is essential. For example, if you are a business located only in the UK, you are limiting yourself to less than 1% of the […]
A business’ cash flow represents its lifeblood. Just as a typical complex organism won’t survive if blood isn’t pumped around its system sufficiently, so too will a business cease to exist if it doesn’t have […]
