An Entrepreneur’s ability to use Leverage is the biggest factor in small business success. As I reflect back upon the hundreds of small business owners that I have helped over the past 20 years, time after time, I witnessed small business owners who thought that their success was handcuffed by a lack of time and/or money. Many had overlookedLeverage as…
At first, I had to grin as I learned about the David versus Goliath saga related to GameStop that unfolded last week, but unfortunately my financial literacy tells me that this story will end as a tragedy. Last week my son called out from his room, “Hey Dad, what is going on with the stock market?” I had no idea…
Will buying local really save the world? Well, perhaps “saving the world” is a bit dramatic, but buying locally might be a wise move once you consider all of the benefits of local sourcing compared to the risks of global sourcing. A couple of weeks ago, as I discussed techniques for strategic planning during these uncertain times, I suggested that…
In these strange and uncertain times, it seems like we need a fortune teller to tell us what to do. I am not a believer in relying upon Zoltar, the fortune teller, for business advice but I do like the idea of imagining the future in order to provide insights for present choices. A Client’s Dilemma The other day I…
Having debt is bad, right? In every introductory accounting class that I teach at least one MBA student will ask me that question. As with many things in life, the answer is “it depends”. Personal Debt The word debt has negative connotations so it does not surprise me when students assume that debt in a company is bad. There are…
If you own a restaurant and are still trying to survive, you will not regret asking yourself this question one more time: “Should I close my restaurant?” You are probably the gritty, never give up type of person who has been able to survive in an incredibly competitive and low profit margin industry so it never crossed your mind to…
