How is it that so many small businesses run out of cash and never see it coming?
“I don’t get it. My accountant tells me I am profitable, and yet I keep losing cash.” “We’re out of cash? Why did my accountants not see this coming? Now I am going to have to call all my vendors to let them know we can’t pay them this month.” “Why can’t anyone tell me if I can […]
Don’t Let Creating Shareholder Value Change Your Vision
When you first came up with your business idea, you wanted to build a solution to a particular problem by offering a product or service that would make the world a better place in some way. You were focused on your vision, and passionate about financing and raising the capital you needed to make it […]
Ironically, strengths in the start-up phase may be perceived as weaknesses by investors in later stages
Entrepreneurs who take the risk to start businesses make the world a better place. We are thankful there are individuals out there willing to put everything on the line. In order to be successful, the entrepreneur has to chase all opportunities, take major risks, be involved in every facet of the business, and follow their gut. Ironically, some […]
Avoid Turning Superstar Performer into a Second Rate Manager
Your company has superstar salesman driving 30% of your sales. He is naturally gifted dealing with people, and has the best closing rate you have ever seen. One morning, he enters your office and demands a promotion and a raise. You don’t want to lose him, so you concede and promote him to a Sales Manager. Over the course […]
Don’t Let Ineffective Meetings Suck Productivity Out Of Your Business
Are you finding that your company is constantly having meetings, nothing seems to get done, and you seem to be rehashing the same topics week after week? Ineffective meetings are one of the largest productivity killers in any organization. Here are some of the common dysfunctions I have seen from meetings: I have noticed this dysfunction with […]
