Category Archives: Protecting the business

If it can be counted, the CFO owns it.

There is a simple way to define the responsibilities of the chief financial officer.  And it extends beyond the usual interpretation of the CFO position in many companies. If it can be counted, the CFO owns the responsibility for controlling … Continue reading

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Don’t make assertions that will later prove untrue.

Sometimes it is easy for someone at the top of an organization to make a statement that, in the enthusiasm of the moment or to make a point, crosses the line between fact and fiction.  Sometimes it seems to you … Continue reading

Posted in Protecting the business, Surrounding yourself with talent | 2 Comments

Create a ten percent profit model.

Most entrepreneurs, when starting to model their business operations using a spreadsheet, start with expected revenue by month. Then they calculate cost of sales, and then project their expenses, to find the bottom line profit or loss each projected month. … Continue reading

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Is asset-based lending for you?

With help from JJ Richa The next logical step in our analysis of financing tools is to analyze asset-based lending, in which you pledge or assign your short term assets, such as accounts receivable or inventory, to the lender.  Often, … Continue reading

Posted in Protecting the business, Raising money | Leave a comment

How to make a business partnership a success

By JJ Richa Dave’s note:  Our guest insight this week is from JJ Richa.  JJ is a successful entrepreneur and technologist giving back to the entrepreneurial community in many ways, including his weekly Internet TV program on entrepreneurism, and participation … Continue reading

Posted in Depending upon others, Ignition! Starting up, Protecting the business | Leave a comment

Corporate whistle-blowers fulfill a function.

Assuming first that a corporate whistle-blower is not tooting about you individually, such a class of people have been granted protections under the law and serve a function that needs to be acknowledged. First, the assumption is that such a … Continue reading

Posted in Protecting the business | 2 Comments

Safety first. Profits follow.

Much of work place safety is common sense.  But there is a natural tension between economy of operation and provision for safety for employees, and the resulting risk to the enterprise must be carefully weighed. Good boards of directors have … Continue reading

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Disaster Recovery and other happy subjects.

Have you ever lost all of your data on your smartphone, laptop, or desktop PC?  If not, it is probably only a matter of time until you do.  Those of us who have experienced this heart-stopping event now regularly back … Continue reading

Posted in Protecting the business | 5 Comments

Refresh your enthusiasm for the job.

So you’ve been at this for years through thick and thin, great days and days in which you’ve had better times.  Much of your job has become routine.  But it feels good to see your “baby” grow and others buy … Continue reading

Posted in Growth!, Protecting the business | 3 Comments

Cash – is time – is cash.

Here is a simple economic truth.  Fixed overhead continues to eat into your cash month after month.  It doesn’t differentiate facile, efficient businesses from slow, disorganized, quality-challenged ones. If it takes eighteen months to get a new product out the … Continue reading

Posted in Protecting the business | 2 Comments