Last week I spoke at a conference for business owners. Several issues came out in the Q&A session, but one was particularly interesting, “how do I not struggle every year to make ends meet?” Since so many business owners struggle with this issue, it seemed like a good item to discuss.
This is a money/cash flow [...]
During the bleak days of the Depression, an aggressive politician from New York named Franklin Roosevelt make a bold promise that his administration would put “two chickens in every pot and a car in every garage.” As it turned out, this was one of the few times in history when a political exaggeration was actually an [...]
Last week I spoke with a business owner who was fed up with the performance of his organization. Although a highly productive individual and decent sized company, he felt that he has been treading water the last three years, not making the strides in improvement he wanted to. He has been sitting on a number [...]
Historically, being a contractor is a great vocation and a productive way to make a great deal of money. Although 2008 and 2009 were not great years for contractors, predictions are that 2010 and 2011 are going to be much stronger than the last 24 months. How do you capitalize on that opportunity?
I am a [...]
Last week John called and wanted me to help him develop a 12 month forecast (profit and loss, balance sheet and cash flow) that his bank was demanding from him. John was a God fearing man, worked over 70 hours a week managing his company and the 30 employees that worked for him. His company [...]
At Dynasty Builders, we help business owners on a daily basis understand the fundamentals of financial building. When business owners work with us, we can and have made millionaires. Here is a video of T Ray Phillips, founder of the Family Business Legacy Company, and his reason for attending one of our seminars:
T. Ray Phillips [...]
One of the more significant challenges of owning a business is having enough cash to pay the bills. Your ability to pay your bills on time, to a large effect, is based on how successful you are in collecting your accounts receivable in a timely manner.
Companies we have worked with who had problems with collecting [...]
Financing is critical to the growth, development and survival of small businesses in Indiana. What is currently happening in the financial markets today is not helpful to Indiana small businesses overall. Every business owner today knows that maintaining their current lending relationships is critical. This brings me to discuss the important topic of avoiding problems [...]
Here are 10 ways you can improve the performance and the cash flow in your business. If you take a close look at the following you can have a dramatic impact on the performance of your business, make more money, give you fewer headaches and make your spouse happier. Make a concerted effort to work [...]
You probably didn’t realize that the stool was invented by accident by a Swiss woman by the name of Maria Schitonstool in 1749. She was poor and had to burn furniture to stay warm in the winter. The last pieces of furniture she had to burn were her chairs, so [...]
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