You check your bank balance. It's higher than last month. Your cash flow is positive. You must be doing well, right? Not necessarily. While a healthy cash balance is important, it's only part of your financial picture. If you only monitor cash … [Read more...]
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Be open to learning. Never stop. Find knowledge-building insights here.
Here you will find insights, tips and road signs to help you steer your business towards profitability, sustainability and financial strength. Raise your business instincts and gut level decision-making to new heights because in today’s business climate, there’s very little room for error and even less room for bad habits.
It’s Half-Time for 2025: Do You Know Where Your Profits Are?
Remember those ambitious goals you set in January? Are you on track with the revenue targets, profit margins, and growth projections that seemed so achievable when you were fresh off holiday break and optimistic about the year ahead? Here's the … [Read more...]
Everyone Pays Until They Don’t: Protect Your Cash Flow From Surge in Bankruptcies
"Everyone pays until they don't." This blunt reality from credit expert Thea Dudley should wake up every business owner extending credit to business customers. With Q1 2025 bankruptcy filings showing a dramatic 12.74% increase in Chapter 7 cases and … [Read more...]
Focused Metrics, Better Decisions: The Art of the Simplified Business Dashboard
When my son Patrick joined the U.S. Army and was selected for aviation training, he faced a daunting challenge. After a year of intense instruction, he emerged certified to fly Blackhawk helicopters. When he stepped into the cockpit he was … [Read more...]
Is Your Business Ready For Life After You?
Succession planning— the grown-up conversation all business owners know they need but often avoid. It’s like that nagging reminder, "We should really start saving for retirement," and "Do I need this second boat?" Every business owner needs a … [Read more...]
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