Tools & Tricks

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 [...]

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6 Ways Tablets (Should) Power Your Business

Small business success means being more productive than the competition: Faster, better, cheaper. And there’s no tool that will make a business faster, better and more productive than a tablet computer. If your business is not tablet-ized, now is the time. Don’t shudder when you think about splurging on a fancy gadget and learning new [...]

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6 (Legal) Ways to Fix Year End Financial Statements

The sun has set on 2012 and your year-end financial statements look a bit gloomy. Maybe you are showing a bad loss – or maybe too much profit. You need financial statements that will impress your banker, incur less tax, and better position you for profits in the new year. But how? Fortunately, accounting rules are flexible enough to [...]

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The Least Fun You’ll Have this Holiday: Year End Tax Planning

It’s a shame, really, that we have to interrupt our joyous year-end holidays with gut-wrenching year-end tax prep… So to minimize the pain, I’ve put together a quick list of the 6 things I think you should know this year. Put down the fruitcake and eggnog for just a second, and be sure your business [...]

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The Cheapskate’s Guide to Employee Benefits: 3 Ways to Cut Costs and Keep Employees Happy

When companies look to cut costs, employee benefits are one of the first things to go. That saves money, but hurts morale – right when you need your team to pull together and work harder. Fortunately, there are ways for you to cut expenses and provide some excellent employee benefits. Here are 3 great ways to [...]

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Take Your Finances Mobile: 4 Top Apps for Accounting On the Go

Mobile devices are the busy entrepreneurs best friend. Just as mobile devices and apps have made it possible to take your operations on the road, the new generation of apps is making it possible to take your business finances too. But its more than just being mobile. Smartphones and tablets are now doing some of [...]

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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 [...]

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Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

Ready for part 3 in my 4-part Business Tune-Up Program? By now you know what really drives your profits; you have a dashboard that helps you keep track; and you have fixed any cash bottlenecks. Now it’s time to magnify all the good things you are doing in your business and watch the profits multiply. [...]

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Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

Entrepreneurs are an odd lot. We pursue a passion but end up with a business. Sure, launching a company seems like a good idea at first. We start with stars in our eyes, but end up married to the dreary demands of running a company. If your business is not helping you pursue your dreams [...]

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All New Business Apps: 4 Ways Tablets can Transform Your Business

Are you stuck at your desk, trying to build a company using your PC to track and manage everything yourself? Its time to streamline — and transform — your business by using the next generation of tablets and apps. It’s no longer optional — your competitors are going to leap ahead by empowering their entire [...]

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Crowdfunding Update: What you Need to Know Today to Raise Equity from the Crowd

If you’re looking to raise money for your business or startup, you should start getting ready now to offer stock to the general public under the new law called Jumpstart our Business Startups, or JOBS Act. Title III of the JOBS Act allows private businesses — even startups — to raise money from the general public for the [...]

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Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

I’ve accepted it: Retirement is dead. Anyone still working today might never be able to retire. So why are we all putting money into retirement savings accounts? Between IRAs, ROTHs, 401(k)s, SIMPLEs, SEPs and SOLOs, there’s no shortage of ways to save for a day that may never arrive. And yet Morningstar reports that the [...]

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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 [...]

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ACH: How to Avoid Credit Card Merchant Fees Forever

You earn your money. But if you get paid by credit card, you’re giving away 3% to VISA and MasterCard. Said another way – you’re paying credit card merchant fees of about 20 cents for each dollar of profit… 20% of profits just for the pleasure of getting paid. Crazy, right? You have better uses [...]

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Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

Its amazing how complicated you can make bookkeeping if you try. Apply for a handful of credit cards, get two or three bank accounts, and carry arround a checkbook … and you’re on your way to a life of late payments and bounced checks. There’s a better way. In fact, keeping your books straight in [...]

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← Previous Entries

Tools & Tricks

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

6 Ways Tablets (Should) Power Your Business

6 (Legal) Ways to Fix Year End Financial Statements

The Least Fun You’ll Have this Holiday: Year End Tax Planning

The Cheapskate’s Guide to Employee Benefits: 3 Ways to Cut Costs and Keep Employees Happy

Take Your Finances Mobile: 4 Top Apps for Accounting On the Go

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

Make Finance the Foundation of Your Growth: Step 3 of my Business Tune Up Program

Put the Spark Back into Your Business: Step 1 of the Business Tune-Up Program

All New Business Apps: 4 Ways Tablets can Transform Your Business

Crowdfunding Update: What you Need to Know Today to Raise Equity from the Crowd

Retirement is Dead: Retire in Entrepreneurial Style by Building Wealth Instead of Savings

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

ACH: How to Avoid Credit Card Merchant Fees Forever

Keep your Sanity and your Money with this One Simple Bookkeeping Mantra

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Tools & Tricks

actionable advice from david worrell has appeared in:

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SUCCESS IS NOT AN ACCIDENT

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