Owners who start to think about exiting their business often fancy the idea that someone else will certainly want to own their company after them. These owners look at the struggles that they faced to get the business up and running relative to the stability and lifestyle that they are living today. … Read more >
In my search to set up a profit-sharing program, I thought carefully about ways to make the plan predictable and rational. Eventually, I arrived at the conclusion that it should be based on two metrics that we could easily track: our actual costs and our actual output, measured as the value of work that we ship in a given time period.… Read more >
Original article shared by Nick Raphaely
Cashflow is essential to small business. But what do you do when the bank turns you down? Forget the bank – why not just lend yourself the money?
What if you already had the assets you needed for short term loan, but didn’t even realise it?… Read more >
he prospect of expanding beyond a home or small office operation is something that quite often stirs at the heart of many small business owners.
Any small business owner that’s had a taste of success will have contemplated ramping up their business in one way or another.
Rapid business growth can be an exciting time for small businesses with all manner of opportunities and connections being met and actioned.… Read more >
This post is by Goldman Sachs as part of their sponsorship of The Huffington Post’s What Is Working: Small Businesses
Cash flow may be the lifeblood of a small business, but the ability to create accurate projections and forecasts for your business is what moves it forward. Knowing what’s coming in and what’s going out, and being able to use that knowledge to plan and act is the only way a small business owner can effectively pursue and manage growth opportunities.… Read more >