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Transitioning Business to Kids

November 11, 2020

Before we discuss transitioning to the kids or a trusted employee, we need to realistically discuss “why” you would want to do so, especially today. Let’s consider it. There are three kinds of transitioning you can be faced with when you’re at the end of your rope, er road. Sell the business to a stranger, […]

Fun Facts about the Balance Sheet

October 11, 2020

Your banker knows you can never have an accurate Income Statement (profit and loss statement), without a Balance Sheet. Therefore, when the banker asks for financials and you send only an income statement, well, they put little reliance on it and ask what other kinds of collateral you may have. So, in preparation for this […]

Retirement is more than financial

June 29, 2020

Preparing for retirement is more than just finance. To be sure, money is important, or we’d never retire. But, having enough money and not having anything to do is just as bad. So, what do you want to do when you grow up? Here are some of my thoughts. The initial step of retirement is […]

Competing During Uncertainty

May 26, 2020

We must be ready when it is time to start our businesses again. Yes, COVID-19 threw us a real curve ball and many competitors did not survive. When we do start, however, we need to jump back on the battleground and compete. But, please remember, competing is not all about price. Like many, I lived […]

Growing business relies on a simple concept

May 4, 2020

You’ve heard it. “You have to work yourself out of a job?” Well, that’s wrong. Not only wrong, but it causes many to under perform. You can’t just work yourself out of a job, so you can do nothing. No, you grow your business by working yourself into your next job. That’s the process of […]

Financials: Your Road Map

March 23, 2020

By Tom Crouser A good road map or GPS system tells where you are, where you’ve been, and where you’re going. Same with financials and why you want to understand them. Here are details. While more information is better, tax returns may be used as a starting place. Better yet you might have a balance […]