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How Strong And Safe Is Your Company? Answer: Net Equity

20 May 2015 / 0 Comments / in Uncategorized

Net equity is the second of our “Triple Bottom Lines”, and tells the business owner how strong and safe their company is. Perhaps more importantly, when compared over time, it indicates whether their business is getting stronger and safer or weaker and closer to going out of business. For most people, net equity sounds like […]

The Triple Bottom Line: Part 1 – Net Income From Operations

17 May 2015 / 0 Comments / in Uncategorized

Net income is for your taxes, EBITDA is for investors, and Net Operating Income is for business owners. When I started my first business, all I cared about was making money. I thought that if I spent less money than I brought in, my net income would be positive and life would be good. I […]

Cash is King…Sort of

17 Apr 2015 / 0 Comments / in Uncategorized

Cash is King! We have all heard that statement, and it is true…sort of. In a business, you cannot do anything without cash, well at least not for very long. However, the truth is that cash follows profits. Cash can be put in a company through a loan, investment, deposit on a sale or contribution […]

How to Make Your Best Employees Even More Profitable

29 Mar 2015 / 0 Comments / in Uncategorized

Unfortunately, some of my worst decisions involved hiring the wrong employees. That said, some of my luckiest decisions, have been hiring the right employees.  A bad employee will set you back months, if not years, and a good employee will pay for themselves tenfold. So the real question becomes: How do you get the best […]

Thoughts on Selling Your Business for Highest Valuation

26 Feb 2015 / 0 Comments / in Uncategorized

Here are some thoughts on selling your business for the best / highest valuation: 1) Don’t get a reduced valuation- It sounds simple, but most businesses get a reduced valuation because they are sloppy and disorganized or because they take their eye off the ball and the business begins to decline. Number one reason is […]

Traditional Forecasting Leads to Traditional Results..Failure

29 Jan 2015 / 0 Comments / in Uncategorized

Every business starts out with optimistic spreadsheet projections of profit and success. Unfortunately, according to a 2012 University of Tennessee study, more than half of these businesses will fail within the first four years of operation. Of those failed businesses, 72 percent say they went out of business because they ran out of cash. Tragically, […]