My friend and colleague, Phil Stayman, Controller of Fitcorp USA, Inc. recently shared with me the following accounting axiom which he coined Stayman’s Law. “If you don’t know what an amount is, where it came from or why, any action …
Is it worth the time to look for a $1.82? Recently, I was working with a client on the integration between a new payroll system and the general ledger. It was somewhat complex to say the least. We were dealing …
I recently started shopping for a vehicle to replace a 2008 Saturn Vue. Frankly, if the good folks at GM still made these, I’d have bought another one but that’s not an option. I was leaning toward a Jeep Trailhawk …
I work with companies in all stages of development but have recently had several discussions with clients about the characteristics of a mature company. So, without further ado and fanfare, below is my list of 10 characteristics that I consider …
I regularly meet people who are in some stage of the start-up phase and looking to raise money to fund their business ventures. Since I seem to have this same conversation over and over, I thought it would be worth …
Earlier this month, we took a family vacation to Niagara Falls. The history of the falls is amazing as is the fact that it is a tourist destination for people the world over. The falls are clearly a natural wonder …
Last month I wrote one of my more technical pieces on various capital sources for entrepreneurs. This month, I’m touching on the realism of business plans and assumptions. Given last month’s topic, it seems fitting to start with valuation. If …
Are you on target? Do you have a sufficient understanding of your target market to know what the center of the bull’s-eye looks like, the concerns of your target customer, the ideal solution, likes and dislikes of competing solutions, components …
In order to achieve business and personal growth, you have to make sure that those around you are growing as well. One of the most satisfying engagements I have had during the past year is one in which I witnessed …
I was recently working with a client and the conversation veered into an IT discussion, an area where I have a fairly deep background. We were talking about the integration of various systems when someone asked what my overall goal …
