Finance
Why Every Organization Needs a Budget
Budgets are like oil tankers – they need time to change course. ~Jeroen De Flander In all my years advising businesses, I have seen many that just did not have budgets. These operations ranged from…
What is the Barbell Effect and How Does It Work?
Do you work out with free weights? If you do, where do you grab the barbells? In the middle, right? In business, as in barbells, it’s the middle that gets squeezed and this has given…
How to Manage and Pay Tipped Employees in Restaurants
In the restaurant industry, tips are more than something you’d associate with a homespun tip jar by the cash register—they’re a primary source of income for tipped employees. The catch is tips are also taxable…
6 Reasons You Might Want to Get a Business Loan
The mythical American should be able to start a business purely through a combination of working hard, having the right attitude, and pulling up their bootstraps. Chances are, however, real-world business owners are going to…
How to Finance Your Franchise
Congratulations! You’ve given it tremendous thought and made the life-changing decision to buy a franchise. You’re excited, but now you need to figure out how you’re going to pay the franchise fees and initial start-up…
Savings in the Fast Lane: Tax Tips for Uber Drivers
Are you one of the millions of Americans using a personal vehicle to make money as an Uber driver? It has become easy to earn some extra cash on the side—or even with full-time hours—working…
10 Things Angel Investors Ask About Startups
Recently the angel investment group I’m a member of (Willamette Angel Conference) finished our eighth year of choosing a startup to invest in. Our investment runs $100K to $500K, roughly. It’s announced every year on the…
6 Places to Find the Right Investor for Your Startup
One of the biggest myths I have found in the entrepreneur community is that every startup needs one or more outside investors for credibility and success, and perhaps is even entitled to at least one….
Everything You Need to Know About Expense Reimbursement
Travel, dining, mileage, office supplies and other costs that employees incur as part of their jobs are all considered business expenses. That seems straightforward enough. What’s not so clear-cut is the process of reimbursing business…
7 Questions to Ask Your Lender
There are many moving parts when it comes to securing a small business loan, so there are naturally many things that you will need to ask your lender upon completing your application. You are going…
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