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At the end of 2009, my company was faced with the prospect of a very challenging 2010. We had taken measures to align our investment and operating expenditures with our expected sales, but I felt it wasn’t enough. It was important to squeeze out as much waste while we still had the freedom to do Read More

Few businesses have the luxury of taking on venture capital, angel investments, or other external funding when they are getting off the ground. So for the majority of entrepreneurs, bootstrapping with personal funds is the only way. Here, OPEN Forum experts share best practices and other words of w Read More

Did you ever look at a set of financial statements and wonder what it all meant? Would you like to know how to get more value out of the information? You’re not alone. Many business owners find that learning to read, truly understand, and benefit from their financial statements is a challenge. Read More

I recently had dinner with a group of fellow business owners to exchange war stories and share our opinions on the current state of the economy. I asked the group what they thought was the most important financial ratio to calculate for a young, growing business. Several members of the group argued Read More

When you're bootstrapping, money is tight -- but that doesn't mean that there aren't plenty of ways to get the full value of your business's resources. These 10 tips from bootstrapping entrepreneurs can help you get started. Read More

A real estate clause for a property I was investigating gave me sticker shock. I could easily calculate and understand the present value of a stream of loan payments for purchased space, and its comparison to monthly rental amounts on leased space. What surprised me was that the add-on charges alon Read More

One thing we as small business people can count on is that, no matter what year it is, there will be changes in the tax law for that year. And this year is no different, only it’s worse. Much worse. Read More

Every business has a Chief Financial Officer — the person who has overall responsibility for the financial management of the company. In your business, that person might be you! In a new business, it is not uncommon for the owner to take on all of these duties, but eventually you’ll need to start d Read More

Looking for venture capital for your Internet company? If you’re white, between the ages of 35 and 44, and a former CEO or company founder, a recent report by CB Insights suggests you have a better chance than most. Keep in mind that figures lie and coincidence does not imply causation. That said, Read More

Leaving a position can be terrible for everyone involved if handled poorly. I had a great experience in 2004 when I left a yearly contract position to take a similar position elsewhere. Not only did my supervisor at the time write me a glowing recommendation, but he actually helped me find the new Read More