DON’T BE BULLIED BY YOUR LAWYER

There are many occasions in the life of a Small Business where a lawyer is needed--a rental lease, a royalty contract, an employment contract, a business partnership, an investor, a lawsuit, etc. Small Businesses rarely have a full-time lawyer and staff, so the CEO hires one for the specific task needed. Here are some things to think about when hiring a lawyer. Read more »

FACTORS: How They Can Help Your Cash Flow and More

Factors finance $120 billion in receivables, yet most small and start-up businesses are not aware of them. Business schools rarely acknowledge them. However, they can alleviate your cash flow problems. They can loan you or advance you money against your receivables and in some cases against your inventory. In other words, your receivables are an asset that the lender (Factor) purchases. Read more »

BLOCKBUSTER IDEAS NOT REQUIRED

The starting point for any new venture or product is the idea. What product or service will our business offer that will be a winner? A great many people can’t get past this idea phase. It seems to me that many of them stall out because they are waiting to hit upon some kind of revolutionary new idea--a concept of such power that it will appeal to everyone. They want bells to go off in their heads. They want brilliance. They want a blockbuster idea. Read more »

Never Forget Your Customers

Customers are the key to business growth. Meet or exceed their expectations and prosper. The No. 1 need for business success is a customer. That's pretty obvious, so why am I telling you this? It may be obvious but most companies seem to quickly forget this essential fact. Small and startup companies desperately need customers to begin their journey to profits and sustainability. Many large Fortune 1000 companies forget the customers who made them successful. Read more »

WHY THE $5,000 TAX CREDIT WON’T WORK

The President has proposed an up to $5,000 tax credit for Small Businesses for each employee they ADD in 2010, and an additional tax break for salary increases given to employees making under $100,000 a year. The purpose of this is obviously to add badly needed new jobs. Read more »

CURIOSITY DID NOT KILL THE CAT; Entrepreneurs need curiosity for business success

Most of us will agree that creativity is a key element in a company’s growth and sustainability. This applies to small and large companies, start-ups, and service or product companies. Without creativity, you are susceptible to becoming a me-too company Read more »