What is the Paycheck Protection Program (PPP)? The PPP is part of the $2.2 CARES Act signed into law recently. The PPP will provide 100% federally guaranteed loans to small businesses. More significantly, these loans may be forgiven if the borrower maintains payroll levels during the pandemic. Who qualifies? Businesses and 501c(3) not for profits …Read more
Life changed. For me it was last Thursday when it finally registered. Uncertainty and fear now stalk the country. They lodge inside the brain of the small business owner. I know because they’re in my head as well. During the past week, I’ve had rough conversations with clients: “Two thirds of my revenue just vanished. …Read more
Lauren glanced up from her paper-strewn desk. Her forehead was furrowed, and her lips were pulled into a thin line. I’ve seen this look a lot on small business owners. Her digital marketing firm was six years old, and she had 12 employees. The company was doing well. But… It Was Time for Me to …Read more
The owner of a marketing communications business—let’s call her Christine—was sitting across from me. She cradled her head in her left hand and sighed. Then she looked over at me with large, pleading eyes and said, “My people have never been busier. But in the 10 years I’ve led this company, never have I struggled …Read more
“It’s not rocket science.” That’s what I frequently hear from business owners after asking, “Why in the world are you preparing your own payroll?” It turns out there’s a disconnect: between how simple a task may be, and how appropriate it is to do it yourself. Is It Time for “The Talk”? I often advise …Read more
What Can I Learn Today to Improve Our Financial Performance?
You can hear when an engine is running smoothly—or racing or sputtering. The same is true for the financial drivers of your business.
You just need to know what to listen for. The good news is that your numbers are talking all the time!
Here are the best ideas we can find on how to ask your business for the information you need, to understand what it says, and take action on what you learn.