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Do the Math…Raise your Prices!
I subscribe to Fortune Small Business Magazine. In a recent issue, columnist Jay Goltz wrote an article called Do the Math. He described a friend’s business this way…“My friend was running something of a Ponzi scheme, except that he was conning himself instead of clients.”
The article illustrated how you can fool yourself (and your banker!) into thinking you have assets when it’s all just a house of cards. I have seen lots of balance sheets built on faulty accounting. If you are starting to sweat, read on. You can fix your financials and you can turn around a bad financial situation f you are willing to apply some bare bones business basics. …
[ Read More ] • [ No Comments ] • [ Filed under Business ] • [ 9/28/11 ] -
Business structure for dummies
One of the more stimulating exercises facing the budding entrepreneur is deciding upon the structure for her new business venture. There are important considerations of cost, liability and brand protection, and tax to be addressed. There are also the needs of family, partners, financial backers, and employees to be considered.
