Are you a small business owner who's unsure how to spend your most recent profits? While it might be tempting to use all that money to pay off any outstanding debt, you should also consider setting aside some of your profits and reinvesting them back into your small business. In episode... Continue
Many long-time small business owners would agree with the line from the 1970s song by the band Faces: "I wish that I knew what I know now." Over years of running a small business, owners inevitably gather many lessons about how to grow and run a business more effectively.... Continue
When analyzing your small business's performance, the accounts receivable turnover ratio is an important metric to know. This ratio evaluates how effectively you are collecting your receivables when customers buy on credit. Specifically, the accounts receivable turnover ratio... Continue
Hiring and keeping good people is—no argument—the number one challenge I hear among my clients and other small business owners. Many of them, like me, struggle to offer compensation and benefits that are competitive with the larger organizations that compete with us for... Continue
As a small business owner, you're likely more concerned with cash flow, sales, and managing employees than getting sued. However, the reality is that small business owners will face the threat of a lawsuit at least once over the life of their... Continue
The holidays are a time of celebration, but they also can be a time of stress. Maybe you feel overwhelmed trying to find the right gift for everyone on your list. Or maybe you're dreading those long holiday lines at your local shopping mall. As a... Continue
