Did you know that you could be showing a profit and still be going bankrupt? It’s true. The definition of bankruptcy is running out of cash. Profits and Cash Are Different Why are profits and cash flow often very different at a point in time? Here are five common reasons and what you can do […]
Minimum Wage Increase Hurts Profits Raising the minimum wage to $10 or more per hour puts a tremendous burden on small businesses. They’re already hurting from decreased revenues as households reduce spending due to high unemployment. The Real Cost of Minimum Wage Increase Most people don’t realize that when the government mandates small businesses take […]
It’s the first week of April. How are your financials doing? It’s time for a small biz check up. By now, all your financials on the first quarter of 2014 should be available to you. If not, get on your bookkeeper or accountant to reconcile your bank accounts and send you the Net Income Statement for the […]
It’s been quite some time since I’ve posted. I’ve missed my readers! As of late August, I’ve been under contract to write “….A Survival Guide for Small Business Owners” due out September 2014. AMACON Books, the publishing arm of the American Management Association is my wonderful publisher. Please mark your calendars in early September for […]
Shop the small businesses in your neighborhood. Follow the #shopsmall movement on Twitter. Every dollar you spend stays in the neighborhood and enriches all our lives. Thank the grocer, the dentist, the dry cleaner operator, the shoe shine guy, your plumber, your electrician, the local baker and restaurant owner. Without them, our lives would not […]
In this season of giving thanks, it seemed fitting that we remember how it all started. Below you will find the unedited version of Abraham Lincoln’s speech to encourage all Americans to give thanks for all our blessings. His words from 1863 ring true through the generations. Happy Thanksgiving to all our readers and subscribers. […]
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