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I did a web search for the top reasons why small businesses fail and came up with some interesting information. According to a study done by Dunn & Bradstreet the following is true: "Businesses with fewer than 20 employees have only a 37% chance of surviving 4 years of business." "Of...

Read more about Proven Formula for Business Success

All of you reading this article I’m sure has heard the acronym “CFO” used before. You probably even know that it stands for Chief Financial Officer. I would bet the farm, however, that the majority doesn’t know what a CFO does and why it is important for an Entrepreneur to hire...

Read more about What Is A CFO?

A budget is one of the most important tools at a business’s disposal . Would you attempt a cross country car trip without a map and directions? Unless you’re up for an adventurous journey with no guarantee of reaching your destination I’m sure you’d take the time to plan your...

Read more about Build A Better Budget

As I work with clients and meet entrepreneurs, I have the opportunity to observe a variety of management styles. One thing that stands out is how few people create an annual budget . Those that do tend to take a “quick and dirty” approach. They add an assumed, across the board growth percentage...

Read more about To Budget or Not to Budget.....That is the Question

Debt, when used properly, can be just the ticket for jump starting your business or helping you make it through tough times. The purpose of this article is to provide a general understanding of the most common types of debt at your disposal and to help you know how and when to use them. Our discussion...

Read more about Use Debt to Stay Out of Debt - Part 2

The wise use of debt can propel a small business to new heights . Yes, I know you’ve heard the stories about people losing their houses and filing bankruptcy because of the debts they’ve acquired. Those are examples of unwise debt use. Don’t follow their path and don’t be afraid...

Read more about Use Debt To Stay Out Of Debt - Part 1

Business happens in cycles.  Effective financial management requires the establishment of monitoring systems that match each phase.  Only through the diligent analysis of key, timely data can a small business owner hope to stay ahead of the curve and grow.
 

Read more about Financial Management by Cycles - Part 1