Barnes & Noble Book Signing – Thank You

Thank you very much to all who came out and supported me at the first book signing at Barnes & Noble for The Funding Is Out There! Access the Cash You Need to Impact Your Business. The book signing took place on Saturday, November 22, 2014 from 1-4 pm. If you missed the event at…

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Happy Thanksgiving and Thank You!!

Thank you to everyone who has purchased my book, sought an interview, or mentioned my name and my book. I try to give thanks for everything and everyone on a regular basis but sometimes forget to publicly thank others. (I almost always say “Thank you” privately!) Thank you! On another note, I hope that all…

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Differences between a CFO and a Controller

What is the difference between a Controller and a CFO? Controller Explained  A controller  focuses on accounting and the historical or past performance of the company. The controller, an experienced accountant who is often a CPA (Certified Public Accountant), ensures proper documentation and recording of the company’s transactions and the creation of monthly, quarterly, and…

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The Importance of Cash Flow Management – Video

Cash is king, especially for small and medium businesses (SMBs), which do not have access to capital markets. An unprofitable company with cash can limp along for years, but a profitable company without cash will fail in a few months. How is this possible? Cash Flow Your business uses cash and cash equivalents to pay…

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#1 Way to Improve Business Loan Approval

What’s the #1 way to improve your chances of getting your business loan approved? Prepare an Executive Summary The #1 way to improve your chances of getting a business loan approved is to prepare a short executive summary and attach financial statements. I am always amazed at the number of small business owners that only…

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Three Ways for Small Businesses to Save Money

Here are three ways budget-savvy small business owners can save money bootstrapping or over the course of daily operations:   Take advantage of all the freebies. Many companies, especially software-based companies, offer 30-day trials. Other companies offer giveaways or free consulting. Still other companies offer 30-60 day money back guarantees so if the product or…

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Getting organized with business credit cards

Following are three suggestions on how to use your business card as an organizational tool: Use the transaction summary tools provided by business credit card issuers  Although American Express is the most notable, most business credit card issuers provide detailed transaction summaries online in monthly, quarterly, and annual formats. These transactions are categorized into common…

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Credit Cards – Good/Bad for SMBs?

In response to a question I received regarding whether credit card debt is good or bad: Credit card debt is not bad or good, it just is. In other words, credit cards and credit card debt can be good or bad for your business. It is not the actual cards; it is how you use…

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Alternative Financing Vs. Venture Capital

 I write extensively on financing options. In this quest post, I like how Tracy Eden succinctly presents several alternative financing options for companies with assets (including receivables) that may not currently qualify for more “traditional” financing sources. The proper use of the sources she presents will strengthen your business’ credit profile. – TCW Alternative Financing…

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#1 Finance Mistake Small Businesses Make

When it comes to finances and money, in my opinion, the #1 mistake small businesses make  is as follows: Small businesses confuse profits with cash flow. Unfortunately, companies can be profitable yet run out of cash. I’ve seen this happen repeatedly. Lack of cash flow forecasting, no customer deposits or prepays, and a mismatch between…

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