Cash Flow

It’s a consumer economy.  If consumer confidence goes down and people buy less, the economy slips.  If consumer confidence improves and people buy more, the economy improves.  That’s what they...

Just because you have a budget and planned your financials, doesn’t mean you’ll stick with it. In fact, entrepreneurs rarely do. What I have found to be effective though, is...

Never confuse significant income with significant wealth. Never confuse activity with efficiency, nor efficiency with productivity. Never confuse workaholism with actual results. Forever spend less than you make, and significant...

As I conducted interviews for Profit First, I found a scary trend. Of the 300+ entrepreneurs I spoke with for this book, most are quick to share - scratch that,...

Money is not good. Money is not bad. Money let's you do more. Be more. Act more. Money amplifies who you are. If you are addicted to drugs. Money will...

I suspect you don't check your income statement every day. You likely don't check it weekly either. Maybe you check it monthly. Maybe. But probably not. For many entrepreneurs the...

Ask any small business owner how business is going and they will tell you how it has been the last week or two. Maybe even the last month. Business will...

My phone rang this weekend and on the other end was Ed. Ed and I have known each other since the high school days. After college, I started my entrepreneurial...

They say fixed costs are things that can't go away. Buildings, machinery, alimony (that last one is a joke, people). They lie. Fixed costs don't really exist. For example, if...

When does your company pay bills? When you have the cash? When your bookkeeper gets around to it? When you get a collections notice? Paying sporadically prevents you from ever...