Well-run, routine processes are critical to business success. In today’s newsletter I explain why such processes are important and share tips for ensuring that yours are doing all they can to maximize profits for your company. Read more…
Having to liquidate a business — for whatever reason — is rarely a happy event for its owners. However, if and when that day arrives, there are several things to keep in mind to ensure the best possible outcome. Today’s newsletter considers the available options and offers tips for managing the process as painlessly and effectively as possible. Read more…
Every business needs to “make money.” But the term itself can mean many different things, depending upon the measures used and the circumstances involved. In today’s newsletter, we explain the concepts underlying this term and offer suggestions for making sure you are applying them accurately in the way you make decisions and measure your success. Read more…
Lender communication is an important (but often overlooked) aspect to any loan agreement. Long after the ink has dried on the closing documents, successful businesses work diligently to communicate effectively with their lender(s). Today’s newsletter explains how. Read more…
For today’s businesses, the many challenges of Covid, supply chains, labor shortages, general price inflation, and high energy costs increase risk. That means the risk of future liquidity constraints has increased as well. Today’s newsletter addresses how to size up that change. Read more…
I have written before about the importance of understanding the difference between idiosyncratic risk and systemic risk. In today’s newsletter, I expand these two types of risk to a lens that looks at business problems. Then I discuss how this lens interacts with the concept of price elasticity. Why? I show how this understanding can help your business face the challenges presented by Covid, supply chain disruptions, labor shortages, general price inflation, and more, particularly with respect to product pricing. Read more…