Blog General Business

Another example of why Buy Sell Agreements are so important

This may be an extreme example but the fundamentals are in many business problems we see on a regular basis. Just because your business partner is your spouse it doesn't mean business judgement should be suspended. Read about the Los Angeles Dodgers bankruptcy soap...

Why are Entrepreneurs Better for the Economy than Bureaucrats?

Entrepreneurs, "My business will lose a trillion dollars this year if I don't do something. I'm cutting back on everything right now!"Congressman, "We'll have a trillion dollar budget deficit this year...we need committee meetings for the next 8 months."I rest my...

Time to Look at Smart Growth for Your Small Business?

Business owners often get caught in the squeeze between seeing opportunity to grow but not having the resources to hire people or get more space. Managing a small business needs to be a creative process.If you find yourself in this position (and if not now you...

Uncertain Times, Reason to Act or Reason to Wait?

I am often asked "when is the best time for someone start a business?". As you might imagine, the answer is different for everyone and even then, the answer is never 100% evident.If you wait until the risks are minimal the time might may never come, if you leap when...

What is Working Capital and why is it Important?

Many small business owners don't understand or appreciate the need to have a good handle on working capital and how it is generated or consumed by the business. Let's take 2 examples on opposite ends of the business spectrum.First a Day Spa. At a day spa the customer...