Having accounts payable means you owe money to someone. There's nothing wrong with that. But what is wrong is not handling your accounts payable in a manner that maximizes your cash flow. Improving supplier relationships, implementing... Continue
The good news is that 2021's financing environment is strong. Capital is readily available, and the economy is doing pretty well. Interest rates also remain at historic lows, even though it's likely they'll rise in the coming years. This... Continue
We're more than mid-way through 2021, and my smartest clients are using this time to strategize how to limit their tax bill and turn those savings into cash for the year. Because hey, it's only like 20-30% of your income, right? So what... Continue
Did you know that within your boring financial statements are five hidden secrets that could have a significant impact on your business? Some of my most successful clients have figured this out. By understanding these things, they're... Continue
When now-retired entrepreneur Larry Goodrich and his two partners started a small business, they were surprised to find it difficult to get a business line of credit. All three partners had impeccable credit ratings. They'd owned homes... Continue
Crowdfunding combines crowdsourcing and microfinancing. It does that by allowing individuals to invest small amounts in businesses that interest them. Sometimes, funders may outright donate money to your business. In others, they expect... Continue
We know that this last year has been incredibly intense for you as a business owner. Thank you for staying committed, being so resilient, and fighting so hard to keep your business going in the midst of such extreme circumstances. Thank... Continue
Money can be one of the most complex topics to tackle as a small business owner. We often have so much emotion tied to the money our business makes — or doesn't make. The reality is that it is tough to build a financially sustainable... Continue
