A few months ago my business coach asked me to make a list of strategic business partners. I used my contact database to evaluate who I knew in my local area that could be a good referral source for my business as well as my ability to refer business back to them. The criteria I [...]

I’m currently reading a book called Parenting with Love and Logic Teaching Children Responsibility by Foster Cline, M.D., and Jim Fay. You are probably wondering what in the world this has to do with business, let alone a blog post here. In reading this book, I realized the concepts could be applied to any relationship. [...]

Do you have a great business idea, but cannot find a bank or investor to give you any funds? Maybe you need a little extra cash for your business, but again, you cannot find a bank lend you an money. There are really few options when you are in these types of situations. Often friends [...]

A friend of mine wrote a booked called: Everyone Wins! Playing the Game of Conflict Resolution In All Your Relationships. I’m embarrassed to say that I’ve had his book sitting on my bookshelf for a while now. I just finished reading Good to Great and was looking for another business book to read. Many times [...]

When you started your business hopefully you wrote a business plan. If you did not, you can create a short version of a business plan now. While writing a business plan helps you prepare for the initial start-up phase and the first few years of operations at some point it becomes outdated. Many business owners [...]

Most business owners are not accountants and know enough about Net Income and/or Cash Flow to get by. Your financial statements are full of a wealth of information and each statement tells its own story of what is happening in your business. While cash is King, the balance in you checking account doesn’t tell you [...]

A Pro Forma is an estimated financial statement, usually the Income Statement (aka Profit and Loss Statement). Entrepreneurs prepare a pro forma for many reasons, but the main one is to obtain financing either from a bank or an investor. As with most everything, the pro forma is only valuable if the information used to [...]