"What should I do about my prices? As I look around me, it seems like everything is going up - except what my company charges for its services. Help!" As owner and CEO, it is critical that you do what...
"We're established as a DBA and I think it's time to switch to incorporation. Do you have any suggestions?" Many small business owners start out as a DBA (Doing Business As), Sole Proprietorship or LLC (Limited Liability Company). Why switch?...
"Expenses are up and revenue is stagnant. As a result, we've been in the trenches trying to deal with day-to-day issues like getting the next customer and keeping the ones we have happy. We haven't been thinking about the big...
"My concern is this. I have a couple of customers who aren't paying, and I have to decide what to do. They have been good customers in the past and I think that they're just hurting from the economic downturn....
When do I know if I'm in trouble, financially? It seems like I'm okay, most of my customers are continuing to buy and I'm picking up new accounts here and there. It's certainly not looking like a boom year, but...
I've tried using my accounting system to track my business, but I find the numbers don't make sense. Then I don't trust what's there, and feel like, What's the point?? Any suggestions you can make would be appreciated." There are...
What's good about a recession? There's more and more talk of one, and it occurs to me that not everyone suffers equally. Can you talk about how to take advantage of a recession, in order to help me and my...
The end of the year is coming up fast. We've had a good year, business wise, but haven't been as good as we could be at keeping our records up to date. Any suggestions on actions we should take before...
Today's question comes from a business owner in Westchester, who's looking at an acquisition deal in an uncertain market. "We're looking at several acquisition targets, and are zeroing in on one or two. Frankly, to hit next year's numbers, we're...