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Financial Bridges – A Lending Refresher

Good fortune is what happens when opportunity meets with planning.   Thomas Edison

Running a business always involves uncertainty but the COVID-19 pandemic has raised uncertainty to a completely new level. At the core, a profitable business comes down to...

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PPP Loan Forgiveness 101

Forgiveness says you are given another chance to make a new beginning.― Desmond Tutu

By now, just about every small and mid-sized business owner knows about the Paycheck Protection Plan (PPP) that Congress created in late March as part of the CARES Act, to...

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How to Cultivate Your Relationship with Your Bank

Business, after all, is nothing more than a bunch of human relationships.– Lee Iacocca

All business owners – at least those with a chance at long-term success – know that relationships are critically important across many areas of business. A company’s...

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Change Your Business Focus – Concentrate on Cash Flow

Don’t depend on the enemy not coming; depend rather on being ready for him. – Sun-Tzu, The Art of War

The coronavirus pandemic is requiring us to change what we do in our everyday lives. As the CEO or owner of a small- to mid-sized business, to help...

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Adapt & Survive – 5 Battlefield Directives for Business Owners during COVID-19 Crisis

“In preparing for battle I have always found that plans are useless, but planning is indispensable.” ― Dwight D. Eisenhower

Updated May 11, 2020

Business owners everywhere are now engaging in a battle. While the enemy – the Covid-19 virus– is different...

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How to Build a Recurring Revenue Business Model: 4 Key Factors

We all know that recurring revenue is the ideal revenue model for most companies. However, it’s often easier to sell incremental services to a client, as opposed to convincing them to make a long-term commitment. 

Re-focusing your strategy on building a...

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6 Steps To Improve Your Manufacturing Business’s CapEx Budgeting Process

Decisions about when and how much to invest in new equipment, property, or software systems, also known as capital expenditures or ‘CapEx,’ are a critical aspect of running a business. CapEx often determines whether production schedules are met, or workers...

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How To Make Sense Of Your Profit And Loss Numbers

Do the numbers behind your business have your head spinning? When you’re a business owner, you don’t always have the background to keep complex numbers and accounting systems straight. You went into business to work out your ideas, not necessarily your...

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Five Things Manufacturing Businesses Can Do Before an Economic Downturn

From a U.S. equity investor’s standpoint, 2019 was an outstanding year, with the S&P 500 returning roughly 29% for the year. But, from a manufacturing business owner’s perspective, 2019 was something of a mixed bag. Positives, such as a respectable level...

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Five Key Financial Questions Many Business Owners Can’t Answer

When you run a manufacturing business, whether it’s in an early stage of growth, has been around for years, or has transitioned to a second or even third-generation of ownership, you can probably answer almost any question someone could ask about your...

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