by Patty Lawrence | CFO Services, Financial Analysis, Profitability
I’m going to get right to it today. Examining the profitability of your work is key to getting paid what you’re worth. Many business owners I speak to don’t even know if a job was profitable or not. They’re so busy moving on to the next job that they don’t have the...
by Patty Lawrence | CFO Services, Financial Analysis, Profitability
Does the sound of the word “debt” give you a nervous knot in your stomach? You’re not alone—the idea of going into debt is a scary prospect for most of us. In fact, many small business owners need to take on some debt to grow their businesses. Too much debt is never...
by Patty Lawrence | Cash Flow, Entrepreneurship, Profitability
If you’re a business owner, the latest stats from the Bureau of Labor Statistics aren’t good news.According to the BLS, 20 percent of businesses fail within the first year, no matter the economic conditions.But that’s not the worst of it. Fifty percent fail within...
by Patty Lawrence | Cash Flow, Profitability, Strategy
During an interview on NPR, a guest talked about a concept that has always stuck with him, “why wait?” or “do it now,” – “DIN” – which fits really well with what we’re talking about today. He benefited significantly from the “don’t wait around for...
by Patty Lawrence | Cash Flow, CFO Services, Profitability
In my last 2 blogs, I talked about “Why do business owners call us?” It differs a bit from the question “what do you do?” and it requires more than a one-word response. We are frequently called in to assist businesses facing out of control growth, chaos with their...
by Patty Lawrence | Exit Planning, Profitability, Strategy
Make sure your business has this in place before disaster strikes Do you remember our client, Julie? She’s a smart business owner that came to me for help creating her succession plan so that she could exit her business within the next 3-5 years. Smart because she...
