Most have heard the old saying, “Easy come, easy go” and that may be true for some things, but it’s certainly not true when it comes to debt. When it comes to debt, the saying should be “easy come, not …
I just returned from my annual ski vacation in Vail, Colorado. Getting significant ski time in only once a year does little to help me significantly develop my skiing ability. While my style is greatly improved from years ago and …
Eight years ago I published a newsletter titled The (Voting) Process. It wasn’t about the Electoral College, campaigning or the politics of the time but rather about the arcane process at my local polling place. I discussed what seemed to …
I am well known for talking with clients (and anyone who will listen) on the subject of how business owners can do a better job of working with their bankers. I’ve done a monthly newsletter and podcast on the subject …
Recently I was talking with a CPA about the legal structure of a client vis-à-vis tax related issues. First, let me say that I’m not a CPA and I rely on tax matter experts for both my own and all …
OK, how’s quoting a 1998 hit by Shania Twain as a business reference? For those who don’t remember, are too young to remember, or just want to revisit the ‘90’s, here’s a link to That Don’t Impress Me Much on …
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 …
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 …
Do you have a profit culture? Your first thought may be to wonder what I mean by that question. Let me explain. Some companies are driven to achieve profit objectives. Everyone in the organization is aware (to a greater or …
Several months ago I wrote What Can You Learn from a Waterfall? and referred to the pool of water at the bottom being analogous to the pool of capital that a business accumulates from its retained earnings. Recently, I have …
