Dear CEO Buddy, My boss asked me to help the team…
February 6, 2021
The horror stories of business partnerships gone awry, often sound like bad…
February 6, 2021
Dear CEO BUDDY, I CAN'T SEEM TO FIGURE OUT HOW TO BUILD…
January 20, 2021
June 12, 2018 | People Management | No Comments
Nobody wants to admit the business is struggling with cash flow. Moreover, this problem isn’t only a small company problem. Any company can face cash flow problems due to bad planning, unforeseen circumstances or disruptive influences. It’s tough to reduce office stress during a cash flow crisis. Whether you admit the cash flow problems or…
June 5, 2018 | Accounting Help | No Comments
Dear CFO: My business earned a profit for the last two years, but we still can’t pay the bills. How did this happen and what should we do? Vendors are calling in Chicago You aren’t the first person to ask this question or run into this situation. It’s a common misconception among beginning business owners:…
May 29, 2018 | Accounting Help | No Comments
Dear CFO: I was short of cash and I decided I could use my withheld payroll taxes to pay our company vendors. I did eventually deposit the taxes but I received a notice from the IRS. What should I do? Payroll Tax Deposit Problem – Baffled in Buffalo *Disclaimer: This post is not meant to…
May 22, 2018 | Grow Your Business | No Comments
Feeling a little scatterbrained lately? Maybe you feel you have too much to do, don’t know how to manage your time, or have too many tasks on your to-do list. Trust me, we’ve all been there! Yes, the life of a small business owner and their team is definitely hectic. But why are we often…
May 15, 2018 | Accounting Help | No Comments
Dear CFO: I know I need to understand my costs, but my accountant tells me my manufacturing overhead is out of line, “SG&A” needs to be controlled, and my prices are too low. I’m not sure I understand what she is talking about. What is SG&A? How do I lower my manufacturing overhead? Trying to…
May 8, 2018 | Grow Your Business | No Comments
Much has been written, likening the military strategy to leadership strategy in business. After all, stakes are high, both involve teamwork and strong leadership. We all know, the negotiating table can often feel like a battlefield. At the same time, for most of us, business isn’t a matter of life or death. But when your…
May 1, 2018 | Accounting Help | No Comments
Even with good cash flow planning, unexpected events can cause a business to face a cash flow crisis. This discussion is not in lieu of cash flow planning but addresses cash flow in response to disruptive situations: higher than expected growth, loss of a significant customer, unexpected economic downturn or acts of God. There are…
April 24, 2018 | People Management | No Comments
You may believe you both WANT and GET the truth from your team members, but do you really? Your day-to-day operations probably don’t have life and death consequences like the plot of A Few Good Men. In the film, the lead character knows the truth and as others are trying to uncover it, he shouts,…
April 17, 2018 | Grow Your Business | No Comments
Dear CFO: I’ve heard of stockholders, but now I am trying to understand the term stakeholder. Who’s considered an internal and external stakeholder? What’s the difference and why I should care about them? A Shareholder in Milwaukee Dear Shareholder in Milwaukee, Stakeholders are often brought up in business lingo, but it’s tough to understand…
April 10, 2018 | People Management | No Comments
Does any of this sound familiar? After working yourself into exhaustion, you finally have a eureka moment! You made a breakthrough discovery (or are completely fed up with a situation) and are about to implement a practice to improve jobs and company performance. You’re eager to get the ball rolling with your team. But what’s…