For the first time, “supply chain” has entered our collective vocabulary. Lots of people are discussing supply chain disruptions not just in boardrooms but also in their living rooms. While the global disruptions in supply chains are not pleasant or convenient, they may be a blessing in disguise, as they give us the vocabulary to […]
How To Identify and Address Supply Chain Issues in 2022 Read More »
Pricing a product or service is perhaps one of the most critical decisions a business owner will ever make. However, very few business owners have the background to feel comfortable with these skills. When you started your business, you had a vision. This vision probably included the size of the company you wanted, the type
10 Ways A Pricing Strategy Advisor Can Benefit Your Business Right Now Read More »
As a small business owner you are very aware of just how little time there seems to be each workday. Running a business isn’t easy, and requires a real investment of time and energy. Business owners can find themselves putting out fires or dedicating time to more pressing problems. Accounting, finance, and bookkeeping are activities
Why Bookkeeping Fails: Traditional vs. Enhanced Solutions Read More »
As a business owner you are aware that operating your business requires cash. Stocking inventory, financing payroll, and purchasing new equipment, among other things, require a healthy reserve of cash. In fact, almost a third of all new companies that fail do so because they run out of operating cash. Most of these companies failed to
What is Cash Burn and Why Is It Important? Read More »
Time To Raise Capital? How Much Should You Raise The prospect of fundraising is understandably exciting to business owners. An injection of equity capital can mean explosive growth and the ability to break into new markets, among other things. As a business owner, you have probably imagined a best-case scenario where you had enough capital
Raising Capital for Your Business Read More »
Small to medium-sized business owners are understandably focused on growth. Seeing your business grow is exciting, and success is often measured in how top-line revenue increases every year. Growth is a sign that customers appreciate what you are offering and that your hard work and self-reliance have paid off. But growth can be hard without
Understanding the Right Time to Hire a Virtual CFO Read More »
Tesla is a company that evokes emotion in some. If you are a short term investor, that emotion is often confusion and bewilderment. The company has made long-term investments while shrugging off short term profits. As a result, Tesla has posted huge losses. Still, its largest shareholder, Elon Musk, continues to invest millions of dollars
So Much Confusion About Strategy Read More »
Shelley Bosio opened up her small donut shop in Littleton, Colorado, in May for the first time since closing in late March. Donuts are not typically a high volume delivery item that can be sold through UberEats, so delivery was not going to work for her business. During the first two weeks of the shutdown
How to Sell Your Franchise During a Crisis Read More »
As most small business and franchise owners emerge from quarantine, multiple questions hang in the air. What does the future hold next? When will consumers feel comfortable again? When will we get back to “normal”? Early indications from China and other countries that have “reopened” are that consumers will be slow to come out as
Thrive in the New Normal with Lessons from the Past Read More »
I’ve talked with enough business owners to know most have things they would change. I am not talking about small stuff like plastic silverware versus metal silverware. Most owners I talk with say they have established some “norms” with customers or employees that are hard to change. In today’s environment, customers and employees are expecting
Those changes to your business you want to make – now is the time! Read More »
