What if I fail has been a question that I have been getting frequently from small business owners. In this video I cover how I answer them. I was talking to a new business owner who was worried about failure. He kept saying, “What will I do if this...
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It’s Not a Sale Until You Can Deposit Their Payment!
A recent study found that half of all small businesses are having trouble collecting receivables. During good times this is an annoyance. During bad times it is often the path to an appointment with a bankruptcy attorney. Collecting receivables requires a plan and a...
Sharing Quickbook files
SATURDAY RERUN Here is a Yahoo video I posted in the past that shows you the various ways to share your QuickBooks company files with co-workers, your bookkeeper and CPA.
Discover the cash Hiding in Your Business!
In my forty+ years of working with small businesses, just about every business owner that I have worked with has been surprised by the amount of cash that they are leaving on the table. In tough times or good times, tracking every dollar your business uses and making...
What Very Successful Business Owners Concentrate on (During Both Good & Bad Economies)
Over the last 35+ years I have had the pleasure of working with thousands of business owners. Less than 1% of these I would classify as highly successful businesses dominating their niches. Yet all of these business owners had one thing in common: Every extremely...
Now is the Perfect Time for a Cost Cutting Audit
Increasing sales is important to any profit enhancement plan. But cost cutting cannot be left out. If you are operating on a 10 percent net profit margin, a $1 cost reduction is equal to a $10 increase in sales.In order to achieve lower costs, you should perform a...
COVID19 Loans & Payroll Credit Updates
In this video I cover recent changes in PPP loans, EIDL loans and Employee Retention Credit. The number and speed of the changes that are occurring is one reason you need professional help while preparing your PPP loan forgiveness package, apply for EIDL loans and get...
PPP Loan Forgiveness Rules and Latest Updates
In this video I cover what you will need to do to get your PPP loan forgiven. Also discuss some areas that the SBA still needs to issue guidance on and what a banker who specializes in SBA loans and I believe is the correct answer at this time. One thing for sure--you...
Cutting Expenses is Vital During Economic Uncertainty
Cutting overhead costs is the first step I am coaching my clients to do in order to increase profits and survive COVID19 shutdowns and the following recessions. In this video I discuss how to do this in a way that cuts expenses without affecting your customer...
Steps You Must Take Now to Survive the COVID19 Shutdown and the Coming Recession
There are time tested things that every business owner must do when the economy is tough. This situation is harder since in our history we have never had the government force large parts of the economy to shut down. We also have never had government give so much help...