Organizations both large and small can get frustrated with the timeliness and quality of the information they receive from financial systems. Often, snap decisions are made to purchase a new system to solve the problem. Many times old processes are transferred into the new system. The new system then doesn’t work the way it was envisioned, costing the organization time and money. All of this could… | Read the full article »
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What do making your bed and pitching to potential investors have in common? According to Admiral William McRaven, in his book, Make Your Bed (available at Amazon.com), it’s the simple steps, taken each day, that achieve great results. To better link these two seemingly unrelated activities, consider this: Chief Executive and Financial Officers may feel… | Read the full article »
Last October I offered advice on finding the right investor for entrepreneurial businesses. Today I am writing about trusted advisors (the theme for March) – the investor is a special kind of trusted advisor. As with any business relationship, finding the right fit with your investor is the first step in a long and… | Read the full article »
Or – how to become an irreplaceable business partner to your CEO. Why do accounting departments exist? The accounting department can be a processing machine producing mountains of data and reports that get little to no attention OR they can serve as business partner to senior management. But how do you make that transition… | Read the full article »
Part 3 of the Equity series. The Equity series concludes with five additional key considerations for startups, as you lay the foundation for the future growth and development of your new business. Equal split of equity and decision-making with a Partner(s). For this arrangement to work, quick decisions have to be made and put in writing… | Read the full article »
Part 2 of the Equity series. In Part 1 of the Equity series I laid the groundwork for equity allocation by discussing the impulsive entrepreneur who gives away the business to friend and family just to have them involved in the new venture. Part 2 focuses on equity allocation to key roles in your organization…. | Read the full article »
Part 1 of the Equity series. Virginity and equity have a lot in common: human beings do not spend enough time thinking through how to give away either of them, but once they do, the results have the potential to be rewarding or devastating. This article focuses on giving away equity – virginity is… | Read the full article »
I am often asked how to find the right investor to invest in an entrepreneurial business. The question often comes from an entrepreneur who is about to run out of money and wants me to introduce them to someone that is going to write them a check by the end of the week. For the… | Read the full article »
We are already well into Q3 of 2016 and perhaps you are considering a big career change in 2017? Maybe even entrepreneurship. If so, click here to read my article this month in Advantage Business Magazine – where I share my insights into key personality traits for entrepreneurial wannabes to be aware of.