Monthly Archives: July 2011

Cash Flow: An Entrepreneur’s View

Cash Flow: An Entrepreneur’s View

 

Cash flow is the life blood of any company.  But many entrepreneurs don’t understand the concept.  Most people believe it’s a financial term so they avoid it like the plague!

What is cash flow?  About.com defines cash flow as “The movement of money in and out of a business and the resulting availability of cash.”  This is a good technical definition, but it does nothing to help someone understand how it works. …

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12 Steps To Successful Entrepreneurship

12 Steps To Successful Entrepreneurship

Entrepreneurship is a goal to which many wish to aspire.  But, why do so many fall short?  In my 2 decades of helping small business owners to grow their business here are 12 things that I often see overlooked.

1. Know what you want personally before you get started (personal goals)

When people start a business they do it for a reason. …

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Is Your Company READY to Achieve the Success Stage?

Is Your Company READY to Achieve the Success Stage?

In my last post titled 4 Owner Objectives to Achieve the Success Stage of Business Growth we explored success stage.  I talked about the 4 areas that an entrepreneur/owner needed to focus in the following 4 areas for the business to achieve the success stage:

  • Owner Goals
  • Operational Abilities
  • Managerial Abilities
  • Strategic Abilities

Of these 4 the Owner’s Goals is the most critical as it provides the constraints on which the business plan is built. …

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