Category Archives: Operations
Why Hire a Consultant When an Advisory Board Will Do?
I would argue that had the company had an advisory board in place the lack of owner profitability would have been discussed and the incorrect pricing model uncovered. This points to another value of the advisory board…for short money (or sometimes no money) a business owner can get the skills needed without engaging a consultant and paying the consultant’s fees. Continue reading
Financial Intelligence Tip# 7: Primary Financial Statements
The 3 primary financial statements are the balance sheet, the income statement, and the statement of cashflows. Continue reading
Financial Intelligence Tips# 5 & 6: Cash vs. Accrual, Burn Rate
Running a business means understanding cash vs. accrual basis of accounting and what it costs to run your business or the burn rate. Continue reading
