Entrepreneurship Risk

Will Your Company be Bankrupt by 2014? Edward Altman Knows (and so should you)

You may not know Edward Altman, but he knows whether your company will be bankrupt in the next two years. Altman developed a deceptively simple formula that calculates the financial strength of a business and accurately predicts the probability of bankruptcy more than 90% of the time. The formula, called Altman’s Z Score, needs just [...]

Tell a Friend or Inform the World:

Your Money or Your Wife: The Danger of Mixing of Love and Business

I was 27 and struggling with my first start-up when I met my wife. She seemed like the perfect addition to my growing company. She worked without pay and never complained when the job kept me at the office until midnight – because she was there too. I told this story to Charley Moore, CEO [...]

Tell a Friend or Inform the World:

[Keep reading...]

Key Person Insurance: How to pick a policy without getting ripped off

If given the choice, I think most business owners would rather discuss…well…just about anything other than life insurance. Who wants to think about their own death? But if you love your business, care about your employees and want to protect your business partners, then you should be thinking about it. Now… while you still can. Most business [...]

Tell a Friend or Inform the World:

[Keep reading...]

Are you Financing a Russian Crime Boss?

I recently discovered a number of businesses in the USA that are helping the Russian Mob rip people off. If you sell a product, your company could be one of them. I’m not kidding. HP and Office Max are on the list. So is PayPal. And hundreds of other companies that sell products online are [...]

Tell a Friend or Inform the World:

[Keep reading...]

You agreed to WHAT? Know the Unknowable before Signing Away $ Millions

At lunch yesterday, I had the guilty pleasure of hearing “war stories” from a group of lawyers, accountants and bankers. Sometimes lunch with this crowd is yawn-inducing, but these guys were on a tear and each told of an unlucky client who had accidentally lost millions in a business transaction. My favorite story was of [...]

Tell a Friend or Inform the World:

[Keep reading...]

DRP*: The Most Important Thing You Aren’t Doing at Work

I’m sitting on the beach today. But last week I was mopping up water. Yep, my office flooded last week. A hot-water heater burst and rain fell from the ceiling for hours. By the time we got the water off, $10,000 of damage had been done. It started me thinking about how vulnerable we all [...]

Tell a Friend or Inform the World:

[Keep reading...]

Negotiating with Angels: When to Rescue a Funding Deal – and When to Walk Away

You’ve been carefully nurturing an equity investor and now he’s threatening to walk away from the deal. Despite an endless number of presentations, term sheets, meetings with partners and expensive legal documents, it looks like the negotiation is going to unravel. And that could unravel your business too. What’s an entrepreneur to do? You might [...]

Tell a Friend or Inform the World:

[Keep reading...]

Making Sure Your Business Can Bounce Back: the Best Ways to Prepare for the Unexpected

The business environment is constantly changing. Even the most carefully conceived business plan cannot claim to be bullet proof in a dynamic setting in which there are too many unknown and unpredictable elements. The success and longevity of a business in any industry will depend on its agility to deal with change and unexpected events. [...]

Tell a Friend or Inform the World:

[Keep reading...]

Credit Card Nightmares: Six Simple Ways to Prevent Employee Credit Card Abuse

As a business owner, you have drive, desire and dreams of something bigger. Sadly, according to a recent survey by the National Association of Fraud Examiners, you probably also have a higher-than-average risk of being a victim of fraud, with an average loss of $200,000. Business credit card abuse is a relatively simple (for the [...]

Tell a Friend or Inform the World:

[Keep reading...]

Business Risk: 7 Ways to Get All the Reward With None of the Risk

When you quit your job to start a company, did you think you were invincible? When you sold your first company, did you think you were unstoppable? As a young entrepreneur I actually believed that risk leads to reward. Now I’m 40-something and on my fourth business venture. And I know its not true. No one is invincible. Nothing is [...]

Tell a Friend or Inform the World:

[Keep reading...]

American Jobs Act Has Something For Small Business

President Obama announced his new American Jobs Act and promised it would invigorate small businesses. I’m often skeptical of the impact of any regulation, but this bill has a lot in it for you and me as business owners. There are 3 key sections that you should know about. Here’s my summary of those segments. [...]

Tell a Friend or Inform the World:

[Keep reading...]

The Internet is Making You Stoopid

While most Americans were surfing funny pet videos on YouTube last week, the Wall Street Journal reported that the Internet is making us stupid and killing the kind of creativity that entrepreneurs need. But surprise! It’s not YouTube or LOLcats that is squashing entrepreneurship. In fact, just the opposite. Here’s the quote: “…while the Web [...]

Tell a Friend or Inform the World:

[Keep reading...]

Entrepreneurship: Now Available at Your Local University

I’m thrilled that “entrepreneurship” is now a major you can study in school. In fact, you can get a master’s degree in entrepreneurship. College is a time for focused, intense learning no matter what subject you pick. Same holds for business majors and entrepreneurs as it does for doctors and lawyers. Dilbert creator Scott [...]

Tell a Friend or Inform the World:

[Keep reading...]

Bail, Paddle or Swim: What failed companies do when the ship is sinking

Companies come and go. Thanks to the Great Recession, I happen to know several that are on the way out. All three were stunningly profitable… in 2008. But now, all three are losing money. All three have a business model that is probably past its prime. None is paying the owners any salary at all. [...]

Tell a Friend or Inform the World:

[Keep reading...]

Elon Musk: “3 Secrets of my Success”

Are you up for a wild ride through the mind of an rock-star entrepreneur? Give Elon Musk a call and ask him to share his secrets to success. I did just that and the 39-year-old billionaire did not hesitate to give me three lessons he’s learned the hard way. Here they are in his own words. Put the [...]

Tell a Friend or Inform the World:

[Keep reading...]

← Previous Entries

Entrepreneurship Risk

Will Your Company be Bankrupt by 2014? Edward Altman Knows (and so should you)

Your Money or Your Wife: The Danger of Mixing of Love and Business

Key Person Insurance: How to pick a policy without getting ripped off

Are you Financing a Russian Crime Boss?

You agreed to WHAT? Know the Unknowable before Signing Away $ Millions

DRP*: The Most Important Thing You Aren’t Doing at Work

Negotiating with Angels: When to Rescue a Funding Deal – and When to Walk Away

Making Sure Your Business Can Bounce Back: the Best Ways to Prepare for the Unexpected

Credit Card Nightmares: Six Simple Ways to Prevent Employee Credit Card Abuse

Business Risk: 7 Ways to Get All the Reward With None of the Risk

American Jobs Act Has Something For Small Business

The Internet is Making You Stoopid

Entrepreneurship: Now Available at Your Local University

Bail, Paddle or Swim: What failed companies do when the ship is sinking

Elon Musk: “3 Secrets of my Success”

actionable advice from david worrell has appeared in:

what others are saying about us…

search site

SUCCESS IS NOT AN ACCIDENT

We Are QuickBooks Certified ProAdvisors

Entrepreneurship Risk

actionable advice from david worrell has appeared in:

what others are saying about us…

search site

SUCCESS IS NOT AN ACCIDENT

Click to Read More in These Categories

We Are QuickBooks Certified ProAdvisors