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While everyone seems to have plenty of great ideas, the list of people who can actually turn great ideas into productive, value-added, commercialize-able products and services is a very short list. Read More

Even for the most lean, bootstrapped business, it can be expensive to keep your doors open. Expenses rack up pretty fast, and it becomes difficult to spend on anything that is directly related to getting and keeping paying customers. Read More

Freemium is a business model buzzword that has become quite popular in the last decade. The concept is simple--it is even has its own Wikipedia listing under Freemium--give away a subscription or a "lite" version of your product or service, and convert as many of them as possible to a premium versi Read More

We have all been through the interviewing process, either as the interviewer or interviewee. Hiring the right person is so critical to the success of an organization. So how do we hire the right person? Read More

Recently, I have been amazed at how much things have changed since I graduate from college. Although I didn’t graduate that long ago, a lot of things are very different today than they were just a few short years ago. Read More

A common concern often raised by experts who review business plans and financial projections has to do with under-estimated selling, general, and administrative (SG&A) cost assumptions. As a business scales, variable costs ratchet in tendem. But SG&A is often driven by factors other than sales. Read More

Recently, I have had the dubious honor of selecting an audit firm for one of my clients. Although selecting an auditor can seem quite simple, there are a number of things one should consider going through this process. Read More

Unless you have zero employees and are very small, chances are you will get the most benefit by keeping track of your books on an accrual basis. Why? Because accrual is about managing and improving performance, profit, and cash. Cash-basis accounting cannot help you do that. Read More

I have recently done some research on what makes businesses fail. There are a lot of books, articles, and even academic research on the subject. And there are also lots of blog posts with catchy titles like "Top 5 Reasons Businesses Fail." It's a popular topic, but I have to admit most of the infor Read More

The point of the article was that too much focus on 4 specific parts of your business, without being balanced by other important things, will hurt or even kill your company. Read More