After an agonizing few weeks of waiting for your Paycheck Protection Program loan approval, you’ve finally received your money. Now the real fun begins: How should you spend it to take advantage of the program’s forgiveness feature? First, let’s explore …
You can, but it will cost you. One of the more common mistakes we see small business owners make is charging personal expenses to their business. Many people do it to get the points. Others may do it by mistake. …
Many homeowners begin a do-it-yourself project with the best of intentions: saving money. Too often, when we tally up the final results of our project we are left with something like this: Materials = $500 Time = 20 hours X …
Ask a successful entrepreneur what their most daunting task was when they started a business and they will likely say “having enough cash.” There are many sources of capital to launch and sustain a business. What is available to you …
Think your fast-growing company’s finances are a mess? You are not alone. Virtually every startup struggles to establish a sound small business financial management system. The good news is that there are four steps you can take to turn embarrassment …
I was in Chicago last weekend in search of the best deep dish pizza. I wound up at top-rated Lou Malnati’s. The pizza was excellent – well worth the wait for a table. What really impressed me is how the …
What a Pizza Parlor Can Teach Us About Business Models Read more »
Are you 100% certain your company is charging the right price for its products or services? Every purchase decision ultimately comes down to price. Optimizing your price point will profoundly impact your ability to generate cash. Survey the Market Survey …
A financial dashboard is an excellent management tool to help executives at fast-growing companies make better decisions. It provides a quick understanding of key financial performance indicators that drive your company’s growth. Effective dashboards have a simple design, are readily …
The cost to acquire a single customer (Customer Acquisition Cost or CAC) is a popular metric used by companies to determine the economic value of a customer. The logic is simple: the lifetime value of a customer (LTV) should exceed …
This is what to provide when a prospective investor or bank asks for your financial statements: Income Statement (also known as a Profit & Loss Statement or P&L) Balance Sheet Statement of Cash Flows These statements tell the reader how …
What to Provide When Asked For Your Company’s Financials Read more »
May 18, 2020
November 12, 2020
