Banks Failing, Capital Drying Up? Adequate capital to invest in the growth of a business is crucial. Navigating financing for SMBs can be challenging even in the best of times. As announcements come out about banks being in trouble, whatever...
As the renowned World Economic Forum convened in Davos last month, global leaders observed a dismal economic outlook. According to WEF's Chief Economists Outlook report, two-thirds of economists foresaw a possible worldwide recession by 2023. January also saw the World...
How can my business be more profitable? “We have a loss of $1.3M over the last 2 years, all coming from gross profit shortfall, more than overhead spending. I’m not sure how to solve this issue, I don’t even know...
Here's what business owners need to know about financial dashboards for their businesses. For most business owners, their company's financial health is at the top of their priority list, or at least it should be. But then life gets in the...
"To make our revenue goal for 2022, we'll have to make an acquisition. We know of a few business owners related to ours who want to get out, and now is probably a good time to acquire another business. What...
"Our construction company has commercial and residential clients. Commercial projects last longer and use up more resources. Forecasting profits can be a real challenge. Can you help?" Forecasting gross profit can be challenging, but there's an easy way to do...
Each year we buy a fair amount of new equipment for our business. I usually just start buying what we need when cash is available, or use our credit cards when I find something at a good price. It usually...
Key Performance Indicators - what does that mean? Why should business owners set up, track, and review Key Performance Indicators - also known as KPIs for their business? It's no secret that with a new year on the horizon comes...
I've been hearing a lot about buying businesses as a way to grow, but I have also had some people ask me to sell my business. I'm not sure what the right option is for me, because I don't know...