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PPP Loan Forgiveness 101

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

Update December 8, 2020

At the end of September, we described the tax impact of PPP loan forgiveness and why businesses that received a PPP loan would likely face a higher...

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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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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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What Are Outsourced CFO Services, and Why Do So Many Businesses Use Them?

There are multiple scenarios where outsourcing the “CFO” function can be the best way to address the challenges that many entrepreneurs and other business owners face, from start-ups to private equity-backed firms, to second- and even third-generation...

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6 Lessons You Can Learn From Your Startup Competition

Starting a business comes with a unique set of challenges—from developing a product or service that sells, to building cash flow, to hiring employees whom you can trust, to differentiating your company and outselling your competition.

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