0comments

Borrowing Money There’s a pervasive myth that no debt is good debt. Whenever we’re talking about owing money these days, it’s almost always in a negative light. You hear it every day: homeowners are underwater, the national deficit is surging, consumers are saddled by shortsighted credit card spending, the nation’s graduates are buried under student loans. For businesses, the truth about debt is far less ominous. As the high finance set understands, not all borrowing is bad. For small .....

0comments

Courage is the most valuable attribute an entrepreneur can possess. No entrepreneur wants to hear this, but I'll just come out and say it: You're not that special. And I mean that in the nicest way possible.  It's easy for us to believe our business problems are unique and so different that they require a degree in economics or neuroscience to navigate. But when you work with as many different types of CEOs as I have, you start to realize how oddly predictable most challenges are, even if.....

0comments

Personal Finance - You can't save your way to wealth. If you want money, you’ve got to get on offense. I was raised on the “defense of finances” strategy. It made me act cheap for years. Not spending or investing in what I should and being miserable. I was taught that way because that’s what my mother knew. But you can’t win a boxing match or a soccer game without going on the offense. To win, you have to go for the knockout or the goal. My father died when I was 10. My mother was .....

0comments

Managing risk is in entrepreneurs' DNA.   Merriam-Webster defines an entrepreneur as "one who organizes, manages, and assumes the risks of a business or enterprise." Dictionary.com states that an entrepreneur is "a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk." There are more than 25 million of them in the U.S. alone. You may notice that the word "risk" comes up in both. Entrepreneurs have long been associated with.....

0comments

There is much, large and small, you can do to eliminate inefficiencies and get more done every hour you work. For most of us, time management and staying productive is a daily struggle. Sometimes that’s not the end of the world. But, if you don’t address this sooner then later, the things you were supposed to do today get pushed to tomorrow, then the next day. Eventually, you could end-up several weeks behind. That’s not good for business or your stress-level. Thankfully, you can preven.....

0comments

The sales team knows that closing deals is what makes the company go. You want everyone on the team to know that, too.             Image credit: Jirapong Manustrong | Getty Images Ask any businessman which is more important, their product or how it’s sold, and you’re likely to get a long explanation on why product takes the cake any day of the week. They are not wrong. You don’t have a business if there was nothing to sell. But.....

0comments

The money you don't waste is the easiest profit you can ever earn.  Businesses are supposed to make money. So why do small-business owners waste money on things they don’t need? According to Business Insider, cash-flow problems account for 82 percent of all small-business failures. That’s nearly double the second-place factor (no market need for the product). If you run a small business, you're more likely to succeed by selling a product no one wants than you are with a weak cash flow. .....

2comments

Aside from the occasional indulgence, most financially successful people keep a close eye on their budgets and bank balances.     People have struck it rich by launching social media startups, inspiring wildly successful crowdfunding campaigns and writing wizard-themed best-selling books. But most successful people have far more boring backstories of accumulating wealth through savvy spending and smart saving strategies. Aside from the occasional indulgence, most f.....