Has anyone ever asked “How are your numbers?” For your business, I mean. That seems to be one of the first questions every business owner and entrepreneur gets asked by bankers, investors, and advisors. What numbers are essential for you to understand, know and remember?Even those who took Accounting and Finance in business school (waaaay back when, in my case) […]
If you don’t have an ARC loan, you’re not alone! The America’s Recovery Capital (ARC) Loan Program was introduced in June 2009 by the US Small Business Administration “to provide up to $35,000 in short-term relief for viable small businesses facing immediate financial hardship to help ride out the current uncertain economic times and return […]
If you are thinking about letting some of your team work from home, or adding some staff that will work remotely, this article in Entrepreneur.com may shed some light on your decision.
The author, David Javitch, presents a nice overview that rings true to me. I managed a team of 19 in NYC from Atlanta for over 3 years and learned many of these lessons the hard way!
Some questions to ask yourself might include:
- How are you with technology? (You don’t have to be a chip-head, but it will make a difference if you’re comfortable with instant messaging, web conferencing programs,
Eight Insurance Coverage Areas to Review Annually
A once-a-year checkup can save you big bucks in the year ahead!
Year end is always busy, but it’s also the perfect time to review your insurance coverage as you look ahead to the beginning of a new year. Even if you don’t do it all at once, you need to review each of these areas at some point during the year. Your insurance agent should be able to advise what is appropriate for your business (or steer you towards other agents who handle them!), and there may even be other insurance types depending upon your industry (e.g., Errors & Omissions for professional services).
Here are some areas you might want to check out:
Have you heard the quote by our 34th President, Dwight Eisenhower while he was Supreme Allied Commander? Good advice for soldiers as well as business owners.
“The plan is useless, but planning is essential.”
And there couldn’t be a better time than right now. During a recession, pragmatic business planning is vital. Strategic plans are important but tactical operating plans might be your most valuable management tool during this recession. Here’s the perfect opportunity to focus in on
The Crisis Facing Business: Succumbing to the Madness of the Crowd | The Corner Office | BNET This excellent article by Stanford B School Org Behavior prof, Jeffrey Pfeffer, is a breath of fresh air in an otherwise dismal and gloomy business media environment. Pfeffer confirms what I have long believed: “the evidence on the […]
How Angel Investing Works – BusinessWeek (click to open link)
While VCs make much larger investments, angel groups give from around $25,000 to $50,000—and tend to want real involvement with the company
Here is a good brief by Tom Taulli that explains the difference between Angel Investors and Venture Capitalists. He also references some websites you can explore to locate a good fit angel group.
“Is your company looking for an equity investment under a few million dollars? You might first
Unless you’ve been in a cave for the past month, you know we are in the midst of a credit crisis. And if you’ve been watching TV, listening to the radio, reading the newspaper, or looking at the Web, you realize that the credit crisis has hit small business owners particularly hard. So what can […]