Setting up a Small Business

Analysis for Managers: Financial Ratios

Posted on May 31, 2017 in Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Taxes | Comments Off on Analysis for Managers: Financial Ratios

Analysis for Managers: Financial Ratios   If I were to tell you that someone weighs 75 lbs, you might say that he/she is a very light person. But what if I told you that person was a one-year-old? You would probably either fall off your chair, drop you phone on the ground or just flat out think I was bluffing. And what if I told you that a certain company made a $1 million profit last year? Sounds like a big number, right? Does it change your perspective if I tell you that this company did $100 billion in sales last year? That’s only a 0.1% profit margin. Pretty slim in all reality. The...

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Analysis for Managers: Cash Flow

Posted on May 30, 2017 in San Diego Lawyer, Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Tips for Entrepreneurs | Comments Off on Analysis for Managers: Cash Flow

Analysis for Managers: Cash Flow   Have you ever been confused at the fact that you can sit at your desk and wonder, “How on Earth am I going to make payroll?” and yet the P&L (Profit and Loss statement) your accountant or QuickBooks just showed you says that your company is turning a healthy profit? Welcome to cash flow problems! This won’t be a completely comprehensive article on the subject but it should be enough to at least get you started or pique your interest. And for many, this will just be a quick review. Below are four key points regarding the ever important concept of...

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Leadership Series: Introduction

Posted on Mar 26, 2016 in Entrepreneur, Inspiration, Setting up a Small Business, Small Business, Success, Tips for Entrepreneurs | Comments Off on Leadership Series: Introduction

Leadership Series: Introduction   Darren Hardy, former publisher of SUCCESS Magazine, entrepreneur and motivational speaker once posed a powerful question that goes something like this, “What is the one skill that would dramatically change the quality of your life?” It might be communication, empathy, diligence, financial acumen, or perhaps a technical skill like programming or product engineering. But what if we told you that there is one skill that is the sum of all other skills–the culmination of them all? Well, there is. And it’s LEADERSHIP. Leadership...

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The Big Idea Canvas

Posted on Jan 23, 2016 in Entrepreneur, San Diego Lawyer, Setting up a Small Business, Small Business, Tips for Entrepreneurs | Comments Off on The Big Idea Canvas

The Big Idea Canvas     So you have this great idea to start a new product line, to make a new branch in the company or to start a brand new business. Well, does it have potential? That’s where the Big Idea Canvas comes in. The Big Idea Canvas is a very useful tool to analyze any new or planned changes in your business model. It will take you through five main areas to discover your idea’s potential: Pain of the Customer – Who is your customer, what is their pain and how bad do they need your remedy? Potential of the Market – Is this a big enough problem to...

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2016: A Year of Innovation

Posted on Dec 30, 2015 in Entrepreneur, San Diego Lawyer, Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Tips for Entrepreneurs | Comments Off on 2016: A Year of Innovation

2016: A Year of Innovation   Innovation is quite the buzzword these days–and with good reason. In this fast changing, digital era, creative change is constantly happening in the business world. For some, being innovative or creative in a business environment may come easily, but what if you feel like you’re more of the “put your head down and get it done” kind of person? Here’s what Jeffery Dyer, Hal Gregersen and Clayton Christensen have to say.  As a result of an extensive study of some of the most innovative entrepreneurs in recent years they share:...

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The Profit Cycle

Posted on Nov 30, 2015 in Entrepreneur, San Diego Lawyer, Setting up a Small Business, Small Business, Small Business Tips and Tricks Series, Success, Tips for Entrepreneurs | Comments Off on The Profit Cycle

The Profit Cycle As a small business owner, investing in your people can sometimes seem far away from the bottom line. In this cycle, shared by Bob Nilsen, former President of Burger King and current CEO of Cafe Rio, the payoff of investment in employee training, morale and well-being is clear. Here’s a quick summary:   1. Invest in your people, helping them become trained and happy 2. Your people will treat your customers well 3. Satisfied customers generate sales 4. Sales generate profits 5. Profits can the be reinvested into your people, your customers, sales...

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