What Causes Cash Flow Problems
Most small business experience cash flow problems at one time. But what really causes a cash flow problem? Accountants tell you not enough cash coming in the business for what you’re spending causes cash flow [...]
Increasing Profitability So It Sticks!
How to Strategically Increase Profits in Your Small Business In writing this post I did some research. What I found when searching “increasing profitability” was very disheartening. Why, you might ask? Because everything was [...]
Operational KPI’s Drive Profitability and Business Growth
Business profitability and growth not where you expect? If the only operational KPI’s you review are on your financial reports, then you don’t have the control necessary to influence your business’ performance, resulting in decreased [...]
What to Look for When Reviewing Financial Statements
Reviewing financial statements begins during your business planning process. The last step of your business planning should be developing your your financial budget. That is what financial targets should your team be focused as you [...]
Monitoring Business Performance Means More Than Reviewing Your Financials
How do you keep the pulse of your business? You must be monitoring business performance to successfully achieve your business goal. But too many small business owners think this means just reviewing their financial reports [...]
4 Reasons Good Management Accounting Speeds Up Your Growth
I am not an accountant, I am a business growth consultant. But, I use management accounting information for planning and decision making every day when growing a company. So, I ask you. How good is [...]
5 Steps for Creating Accountability in Your Business
Creating Accountability is Critical to Business Growth I talk with small business owners struggling with employee issues all the time. . I often hear “Oh, that stuff is just for big companies. We only have [...]
10 Keys to a Successful Business Plan
I saw this article and infographic in Entrepreneur on how to develop a successful business plan and said “they nailed it!” You’ve heard me talk about successful business plans from time to time. It’s not the [...]
Why is Project Management Critical to Business Growth
For years I have tried to spread the word that business growth is a standardized process as I documented in my post The Search for Business Growth Continues. The main premise is that a business matures through [...]
Answering 4 Questions Makes Your Revenue Goal More Achievable
What would it be worth to know exactly what every person in your business needs to do to achieve your revenue goal for next year? Imagine if every person's objectives were set specifically to support [...]
8 Critical Factors for Any Succession Plan
As I presented in my previous post Succession Planning vs. Exit Planning Which Do You Use?, the primary goal of any succession plan is leadership transfer. So, you can imagine that things can get a [...]
Succession Planning vs. Exit Planning Which Do You Use?
Often the terms succession planning and exit planning get used interchangeably. However, there is a definitive difference between the two. It’s important as a business owner that you understand the difference. Succession planning focuses on [...]
Successful Transition Planning – 9 Things to Consider!
Transition planning is something too many small business owners think about too late! Many don’t even think about transition planning because they believe that they will just sell their and that’s the end of it. [...]
Cash Flow is KING: How to Monitor It Easily!
While cash flow is a regular topic here, it's been a while since we hit the topic from a finance and accounting perspective. While many small business owners find accounting to be tedious it is [...]
5 Questions Help You Get Past Shiny Object Syndrome
I see small business owners get distracted from their main vision all the time. It’s amazing how many owners have attention deficit disorder (ADD). ADD can be a strength in business. But, it also presents [...]
What’s Your Greatest Challenge in Exiting Your Business?
Is Your Business Ready for You to Leave? Last week I post a question, “What's Your Greatest Challenge in Exiting Your Business?”, on LinkedIn. My intent was to get some feedback before writing the next [...]
Personal Credit Card Usage for Business May be More Pain Than Relief
The number of people using their personal credit cards for business purpose is growing and that might just prove to be a disastrous financial decision given the risk of mixing pleasure with business. The National [...]
Is Your Goal Already Leaving You Behind?
Ok, so it’s the week 3 of the New Year. Did you make a New Year’s resolution for business growth? If so, where are you tracking so far, and will you make it? Most will [...]
Are You Missing a Piece of Your Business Growth Plan?
Last week’s post was directed at those who set business growth as a goal for New Year. While the 7 questions addressed in the post are critical, they are not all the pieces to the growth [...]
3 Things to Get the Right People on the Bus
To build a business it takes a team. In fact, it’s more important than most small business owners think! Ask any investor or lender and 9 times out of 10 they’ll tell you the most [...]
