How are you taking #money from your business?

Listen to the podcast here: They say interest is a silent killer in any business. This is because you don’t really notice the impact it has on your profitability until you can look at an accumulated amount over a period a time to see how much of your profit actually goes to interest. It turns outContinue reading “How are you taking #money from your business?”

Where’s my money?

Listen to the podcast here This is a question I encounter many times when reviewing the cash flow and profitability of a business with either the entrepreneur or person running the business. It is usually followed by a very frustrating conversation that involves going through accounting terminology and concepts that are foreign to the person IContinue reading “Where’s my money?”

What are pro forma financial statements?

Listen to the podcast here What is your balance sheet going to look like next year? The year after? What about three years from now? Do you care? Many times the answers to these questions are: not sure, no idea, don’t know and yes I care but I don’t have the information to properly answerContinue reading “What are pro forma financial statements?”

Is your business grabbing #EasyMoney?

Listen to the podcast here There is no such thing as easy money right? Are you sure? There are really only two ways to grow your revenue: cut costs or sell more. There is a limit to how much more revenue your business can earn by cutting costs whereas selling more is limitless. If you only hadContinue reading “Is your business grabbing #EasyMoney?”

There is #NoFreeMoney for your business (ever)

Listen to the podcast here It’s going to cost how much!!! You must be crazy!!! That comment is made by entrepreneurs and business owners after hearing how much it costs to borrow money from either a mid market or private lender. The comment is usually followed by a series of expletives that I won’t typeContinue reading “There is #NoFreeMoney for your business (ever)”