This is from a LinkedIn group I answered from Gaurev Malhotra in Chicago: Question: I wanted to know how does one know if his/her idea will work? I know as an entrepreneur you take risks but there has to be another way. Also, are there any steps that you followed to start your own business […]
The good thing about the world shutting down for the holidays is that you'll have some time to re-evaluate what you did in 2009. You can take action to address your marketing plans, strategies and your business in general for 2010. Every business owner/CEO can benefit by spending a little time on these 3 Tips […]
Before hiring a financial executive to guide your company, ask these 6 questions to ensure that you don’t end up paying a whole lot of money for services that are not what you need, expect or want. Hiring an on demand CFO does not have to be a confusing experience. Instead, it can be the most empowered decision you ever make for your company.
Cash is the “life blood” that keeps a business operating. Cash flow analysis is not rocket science (well some of it is), but most of the time I find that businesses just don’t spend the time to deal with this. If cash drys up, the business fails. OK, you know that.
“Begin with the end in mind,” says Stephen Covey in his book, “The Seven Habits of Successful Living.” Steven is often quoted but his advice is seldom taken to heart. Most businesses address the subject of an exit strategy when some event creates an urgency to do so. Health issues, unexpectedly strong competition, death of […]
The Smart Money article is an excellent view of how our fears about “a big crash” are sometimes unjustified. Few have questioned the basic premise — the notion that many of our financial institutions are truly too big to fail. The underlying theory is not, of course, that the world cannot live without Bear Stearns, […]