Understand what financing sources are a good fit for your company . . . and vice versa
From a family loan to a bank loan to venture capital, different types of financing are appropriate for different types of companies and stages of their development. The ‘funding fit’ is everything. Here’s how I look at the match-up.
It seems like a lot of what the US media has to say about the economic turmoil throughout Europe portrays the doom and gloom of several countries and an entire continent on the brink of total destruction. One result of this perception is that I've heard many entrepreneurs in the United States express fear and trepidation about expanding their businesses into Europe.
I have the opportunity to associate with some wise entrepreneurs who have had significant experience in owning and running businesses. It is always insightful for me to spend time with them understanding the keys to their success. Recently, I was at lunch with one and we started to talk about firing employees. Every business owner with employees is faced with this challenge.&n
It’s been a long day with lots of customers interacting with your team and buying many of your products and services. Your staff seemed busy and you felt productive. But did your business actually move forward or backward? Did you win or lose today? Here is the main number you should track every day in your business to answer these important questions.
Whether its liability issues, ownership differences, multiple locations, etc., there aremany reasons for businesses to set up separate entities for their various business units,
functions, and strategies. Although these reasons exist and are varied, they can create
additional challenges which should be considered when “engineering” your accounting
I recently read a blog on the HBR Blog Network that really resonated with me. It started
by saying, “Why is it that between 25% and 50% of people report feeling overwhelmed
or burned out at work? It's not just the number of hours we're working, but also the fact
that we spend too many continuous hours juggling too many things at the same time.
Customers are the core component of any sustainable enterprise. The science of attracting and keeping customers is, therefore, of critical concern to entrepreneurs and business leaders. So, what are your customers worth? The secret to assessing this value lies in the key marketing and sales metrics of your business.
My 6-year old told me yesterday that she is having so many “issues” right now. I was quite concerned but luckily these “issues” only included an arm that was hurting and a runny nose. Whether it’s your 6-year old, spouse, boyfriend, girlfriend, or business, having “issues” in life is never a good thing.