I’ve been working on a breakout session for a seminar that I’ve agreed to do for a friend on communication in the workplace and I struggled with what sort of “personality management tool da jour” would be right for the project; Myers Briggs, Type A, B, C, etc. I finally settled on using a tool […]
Manage your Team by the Stars Read More »
Congratulations, the hardest part of starting a business is coming up with a good idea. Now there are a million things to do to build a business but first things first you need to just start it. My mom always said you eat the elephant one bite at a time and that is so true
You have a Business Idea – What to do Next? Read More »
It is an awesome moment when you finally sell something and you have a new customer, but the real dance a jig moment is when you see cash in the door. It seems like a logical chain of events but it’s not always that simple. I’ve heard sad stories and even experienced my own tragic …
You’ve Sold Something – Now how do you Collect? Read More »
I’ll admit many financial audits are actually the worst, especially when the purpose is to identify underpayments to some insurance or taxing authority, but then there are some audits that are only marginally the worst. I’m talking about financial audits, those performed on your financial statements. If you have a loan or a sophisticated investor
Audits are the Worst… Or are they? Read More »
When a small business owner asks me for advice the very first thing I say is “do you have a forecast and financial statements?” They usually look at me like I’m nuts, I guess they think forecasts and financials are only for the sexy people or the blue chips, or someone else, not them. Well
The Importance of Forecasting Read More »
Sometimes the hardest thing to do is to NOT DO EVERYTHING. You need to remember that you are only one human, one warm body, and that you have physical limitations, though you may not think these physical limits apply to you. So when entrepreneurs ask me “how can I grow and scale my business”, I
Leverage Your Strengths Read More »
If you have a corporation that issues stock then you might also be asked on occasion if there are any warrants outstanding or if you’d be willing to issue them in exchange for something. If you don’t issue stock, for example you’re a partnership or an LLC then a warrant wouldn’t be something you would
What is a Stock Warrant? Read More »
Well it seems like such an easy question but the answer like with so many other complicated things is; it depends. Your company is worth something different (your Enterprise Value) depending on who you speak with and depending on what they could do with your company if they owned it. The key words are “if
The Age-Old Question: “What is my Company Worth?” Read More »
When someone says they want to do due diligence on your company, odds are you are either trying to raise money or trying to sell the business. If this is not the case then be skeptical about what you provide and make sure you don’t give too much information away. But if this is the
What is Due Diligence? Read More »
The ways in which you get an investor interested in giving you money in exchange for ownership are endless, so I’m going to assume you have someone you’ve met who might be interested in investing in your company, so now what? If someone is interested in investing there are going to be two main questions
I have a Potential Investor in my Company, what should I do? Read More »
