Pricing, cash flow, money and more.
What’s drives the value of your business? It’s a question I always ask my prospective clients, and about 99 percent of the time, they answer in the form of a question: “Um, revenue?” Most business owners don’t know where the value of their business is locked up. They’re too busy focusing on growth, profitability, and revenue. But...
High-risk merchants typically are businesses that payment processors and merchant services providers consider to present excessive exposure to fraudulent transactions, default, legal issues or chargebacks. However, the kinds of businesses that fall under this category aren’t always what you might expect. Here’s a look at some factors that could cause a business to be considered...
When launching any business, one of the most important responsibilities that a business owner has is to protect the profitability of the company. A couple of ways that this can be done is through the proficiency in which the business is managed and effectively managing the spending. However, one of the most underrated methods...
As I talk with entrepreneurs to learn about what they do and how they manage their finances, it seems that many are missing an important component of what they need to maximize their success—and this missing component is actually a member of the financial team. During these conversations, I talk to them about the...
As a small business owner, you may feel a strong sense of trust in those you employ. And it’s important to trust your employees; trust that they will do a good job, serve the business and the clients well, and respect what you have built together. But this trust should not be at the...
Dr. Thomas O’Grady is a business expert with a Ph.D. who has also cracked the Soviet code three times. He is the author of the book, The Mechanics of Breakthrough Success and the podcast, Life Unsettled. I spoke with Dr. O’Grady recently, and he gave me some very valuable tips to share with Smart Hustle...
If you’re the owner of a popular local hotspot or a large manufacturing business that counts its annual revenue in the millions, valuing the company and finding a buyer for it is not a difficult thing to do. Investors and eager entrepreneurs line up for opportunities like that. But what options are available if you...
One of the best ways to increase cash flow is to not set aside any money for your tax payments. And one of the best ways to not have cash flow is to miss your tax deadlines and get slapped with back taxes and penalties. Taxes and cash flow collide for the same reason that short-term and long-term...
If you don’t know what a FICO Liquid Credit Score is, you aren’t alone. Of all the measurements out there for business and personal creditworthiness, this one may be the most unfamiliar to business owners. But even though this number is not new, it has been gaining traction among lenders ever since the SBA...
Small businesses face several challenges, including trying to break even, establishing customer loyalty, branding, and marketing. There are small business mistakes made in these areas, but they can easily be overcome with the right skill set and objectives. Legal mistakes, on the other hand, go unnoticed but later come back to hurt the business. Most...
