In the last of a three-part series covering The Five Financial Mysteries of running a small business, you'll learn about the relationship between vendors and customers, and why profit is important,...
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Start Up
In the second installment of the Five Financial Mysteries for Small Businesses, Jim explains how you can be profitable and not be cash-positive, and why cash in hand isn’t profit you can spend.
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Do you know the difference between cash flow and accounting? Hint: Cash and profit are not the same. Avoid becoming a business mortality statistic by becoming an expert on the relationship between ...
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Operating our small business, we get so wrapped up in slaying the dragon that we risk losing our grip on what really matters. So, to quote the late, great Warren Zevon, "Enjoy every sandwich!"
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As the founder of your small business, you were likely the first to do all the jobs - and all the jobs were done perfectly. But your business cannot grow until you can delegate, and you cannot dele...
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As the CEO of your business, if your enterprise is to survive and flourish you have to deal with each alligator that pops up. So remember, a well-nourished spirit = starved alligators = a greater c...
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If you want to be more successful, network for referrals –receiving and giving – early and often. It will make business easier and life simpler. And remember the motto of Ivan Misner, founder of BN...
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From “too big to fail” to the uniquely American independent community banks, the U.S. banking system has evolved to successfully fill up the vessel we call the marketplace. But not all banks are a ...
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Every business, including small ones, has assignments that can only be performed by the CEO. Here are tips on how to focus on the 21st-century CEO's Big Four Factors: Bricks, Clicks, People, and Ca...
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Are you interested in owning a business, but don't want to start from scratch? Here's how. Hint: millions of Baby Boomer business owners are at retirement age, creating an inventory of available sm...
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