Buy A Business With Bank Financing – What You Need To Know
Photo by Etienne Martin on Unsplash There are a number of factors to consider when you buy a business with bank financing. What do you need to bring to the Bank? Please note, each financial institution will have its own specific requirements and… Read More
Do You Have A Forced Business Opportunity?
Photo by Paul Skorupskas on Unsplash Do YOU Need To Pivot Or Create A New Opportunity? Has the current economic environment provided you with a forced business opportunity for change in your business? To most, the current economic environment is not ideal. To… Read More
Does Age Make Your Product Or Service Obsolete?
As an accountant in a profession that typically doesn’t change much, debits and credits stay the same, there is something exciting about the pace of technology and innovation. In technology, the expectation is that your product, service or software will be obsolete before it hits the market. Microsoft’s Flight Simulator Program has defied those odds. Originally launched in 1982, long before the days of a computer in every home or even every school for that matter, the program has had a handful of revisions and improvements over the years. The 2020 version has all the bells and whistles of current technology, graphics, Artificial Intelligence (AI), Virtual Reality (VR) to come, but the core product remains. Read More
Entity Selection Is Not ‘One Size Fits All’
get asked a lot about "what type of entity should my business be?” That question, like all others in business...DEPENDS.
Entity selection is not a hard and fast rule. Just because your neighbor or the other mom at dance has an LLC doesn’t mean your entity should be an LLC. I have far too many people say...”the guy on the treadmill at the gym said...” or “I posted in a Facebook group...”. That’s great, your treadmill guy is a plumber with 5 working trucks, equipment and a team of 11 and your Facebook group are solopreneurs selling through an Read More
Is It The Right Idea?
I love listening to podcasts while I work. I regularly listen to “Problem Solvers” from Entrepreneur Magazine which covers ‘real’ entrepreneurs (not celebrity entrepreneurs) that have solved a problem in their business. In the August 18, 2020 episode “When You Have The Right Idea...At The Wrong Time” host and Editor In Chief of Entrepreneur Magazine Jason Feifer tells two stories from his own life about finding the right time for once-wrong ideas, and how you can make the most of yours. Read More
What Do You Mean I Owe Taxes? I Don’t Have Any Money.
I speak with many entrepreneurs and business owners and all seem to fear the ‘boogie tax man’.
“I don’t understand my business finances or the taxes and that side of it”.
The unfortunate next chapter to this story is that taxes, while scary for just about everyone, business owner or not, is the least of an entrepreneurs worries. Read More
Do You “Fear” Your Business Finances?
I get asked a lot about business "finances" all the time. The term "business finance" is vague...its like saying “I eat healthily” in big air quotes. I eat healthy too & I ate a bag of vegan cookies from D’s lectables yesterday afternoon, therefore “I eat healthy”. Context is what matters. Like anything else in life or business, the story we create in our head is what we fear. It’s not our finances, it’s the story we tell ourselves about our finances that we fear. Read More
Are you on track to achieve your 2019 business goals?
If you’re a solopreneur or entrepreneur in the early stages of your business or a seasoned entrepreneur who feels like you are spinning your wheels all by yourself, feel like you have no idea what you’re doing or no one you can talk to for real about your biz, we’ve got an amazing solution for you. Read More
Invoicing + no collection process = cash flow issues
Cashflow problems don’t discriminate. Even profitable businesses with ‘plenty of revenue’ & interested investors can have cash flow difficulties. Studies show that over 80% of small businesses failures are due to poor cash management. Your business may be this year’s Tickle Me Elmo or Pet Rock but if you are… Read More
What Opportunity are you losing out on at Year-End?
As a small business owner, you probably went into business to make money because you had found a way to satisfy a need with a product or service in the market place. You’re an expert in your field. In most cases, you’re not an expert in your businesses finances. Are… Read More