The classic position regarding this subject is: “Don’t use any!”  A simple statement, and actually not entirely valid. A fundamental issue about debt is the idea of matching the duration of the benefit of the purchase to the duration of the debt service.  Meaning, if the purchase has long-term benefits to the company, you can take longer to pay for it.  Suffice it to say, the duration of the benefit of a business lunch is difficult to pro... Read More

“What are we working for, and how do we set the stage for success?”  Teaching classes about Financial Basics highlights the importance of acquiring knowledge about money management.  Budgets and cash flow projections aren’t just for business owners. Learning about balance sheets and having command of the measurement tools that define performance helps us to achieve the goals we set. You must have a starting point. For some, it is like learnin... Read More

One of the most important initial considerations you have as a new business owner is to understand the characteristics of a business. Would it surprise you to know that your business will take on many of your personal characteristics? After all this time and experience spent with business owners, I can tell you it is often the case. “Oh my goodness, that’s not such a good thing!” It is a fine thing. It is definitely something that you need to reco... Read More