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
Barry, owner of an electrical contracting business, was frowning at the reports on his desk. His eyes narrowed as he looked up at me. “When we talked a week ago, you told me last month’s income was the best month of the year so far,” he said. “But when I run the reports, it looks …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
If you’re like most small business owners, you’re so busy running your company that the lines between bookkeeper and chief financial officer get blurred. A lot of times that’s because you or one of your people are responsible for both roles. Business leaders often ask me why they need one or the other—or both. My …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.