3 Methods for Evaluating Your Business to Determine its Value

Business Value, Business Evaluation

What is Your Business Worth? If you’re a business owner, chances are you’ve had this question before: What is your business worth? After all, the end game for many entrepreneurs is to build a company to sell. While you may have a great opinion of your business and think it is worth millions, the actual…

Read More

How to Find Your Focus, Master Distraction, and get the Right Things Done.

Time Management Solutions from Peter Bregman’s 18 Minutes You sit down at your desk at 9:00 O’clock on a Wednesday morning knowing you have one thing you need accomplish: write a proposal for a new client you have a meeting within two days. But, three phone calls, fifteen emails, two trips to the bathroom, thirty…

Read More

HOW WILL YOU SPEND YOUR 525,600 MINUTES THIS YEAR?

FIVE HUNDRED TWENTY FIVE THOUSAND SIX HUNDRED MINUTES. Catchy tune. Thought-provoking subject. When you break down a year into minutes, it may seem like there is so much time. In reality, time seems to go by faster every year, and each year we are baffled that another 365 days has gone by. Time is the…

Read More

Book Review: The Lean Startup

  The Lean Startup by Eric Ries is a must read for any entrepreneur, manager, or small business owner who is interested in launching a new product or service. Ries’ method is a simple approach to new product development without wasting time on an elaborate business plan. Below are the five principals to the Lean…

Read More

10 Powerful Tools for Small Businesses

  There are a variety of business tools available for entrepreneurs and small business owners, and it can be overwhelming determining which is best for your company. To help you stay organized and focus on business growth, we created a list of 10 Powerful Tools for Small Businesses. Click on the links for more information.…

Read More

Core Competencies: Where Should You Spend Your Time?

Focusing on your company’s core competencies can give you a significant competitive advantage over your competitors. What is a core competency? A core competency is a defining capability or advantage that distinguishes an enterprise from its competitors. Basically, a skill, process, or system that you perform better than nearly everyone else. Whether analyzing core competencies in…

Read More

Accounts Receivable Financing: What You Need to Know

For many small business owners, selling accounts receivable may be one of the only methods to financing. The qualification criteria is much less stringent than traditional bank financing and factoring companies typically don’t care about the length of time a business has been operating. Selling accounts receivable, also known as accounts receivable financing or accounts…

Read More

The Difference Between Operating Income and Net Income

  You may be confused when you hear someone ask “are operating income and net income the same?” In most cases, they are not. If your net income and operating income are the same when you run your Profit & Loss, you may have a misclassification of some accounts. Operating Income Operating income is the…

Read More

Are You Creating a Company or a Job?

Are You Creating a Company or a Job? This question often comes up in business. And, there really isn’t a correct answer. Some may aspire to build a company. Others are just looking for a means of support. However, while there may not be a correct answer to this question, the way you answer should…

Read More

How to Use a Credit Card to Finance Your Business

  Securing financing for a new enterprise can be a challenge. While there are many options for financing available – bank loans, investors, vendor credit – most are hard to obtain in the first years of a business. Because of this, many business owners turn to credit cards to fund their business. Typically, it is…

Read More