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Tag Archives: Cash flow
Negotiations in business – practice, practice, practice
Doing business is a series of negotiations. From the moment you plan to start a business to serving your customer, you find yourself negotiating. For most people negotiations brings to mind price, but there are many other areas … Continue reading
Posted in Financial Models
Tagged Business, Business plan, Businessperson, Cash flow, Customer, Customer Service, Entrepreneur, Extended warranty, Finance, Financial plan, financing your start-up, Marketing, Marketing and Advertising, Negotiation, Planning, Price, Revenue, Service provider, Small business, Start-up, startup, Startup company, Value proposition
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What is an angel investor?
Following the launch of the Plains Angels this week, I have had several people ask me what an Angel Investor is. According to the Angel Capital Association: An angel is a high net-worth individual who invests his or her own … Continue reading
Posted in Financial Models
Tagged Angel Capital Association, Angel investor, Angelsoft, Business, Business model, Business plan, Cash flow, Entrepreneur, Executive summary, Finance, financial model, Financial plan, financing your start-up, Investment, Investor, Planning, Revenue, Small business, Start-up, startup, Startup company, Venture capital
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Let go or be dragged
So the other day I was getting ready for yoga class when one of my classmates told us about something she saw on Facebook. Someone, I do not know who, posted “Let Go or Be Dragged” on their … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Employment, Entrepreneur, Executive summary, Expense, financing your start-up, Investment, Marketing, Marketing and Advertising, Marketing plan, Planning, Revenue, Small business, Startup company, Value proposition
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How do I tell you…?
Dear Small Business Owner, How do I tell you? How do I tell you that the tops of all the napkin holders in your restaurant are covered in dried, crusted food? How do I tell you that your email is … Continue reading
Mentors: Why, who, when, and what next
Mentors play an important role in business. Most successful business people I know will attribute some of their success to having good mentors. So what makes for a good mentor? Well, it depends on you. First you have to decide … Continue reading
Do not compete on price, unless…
There was an interesting article about a new start-up company called AutoSlash in the New York Times this past weekend. AutoSlash says they will get you the best price on a car rental by constantly checking for better deals even … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Car rental, Cash flow, Customer, Entrepreneur, Finance, financial model, financing your start-up, Hertz, Marketing, Marketing and Advertising, New York Times, Planning, Revenue, Small business, Startup company, Transportation, United States, Value proposition, Walgreens
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So, whos ready to step up to the next level?
Growing a business quickly requires that you can bring new employees into your business and bring them up to speed in their tasks. Too often, bringing a new person on requires one of your best employees to take precious time … Continue reading
You get what you measure for
I was taught that saying many years ago. You get what you measure for. If you measure only for profit, you may have fewer but profitable sales. If you measure for sales volume, you may not get the profit … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Customer, Customer satisfaction, Customer Service, Entrepreneur, Finance, financial model, Financial plan, financing your start-up, Gross margin, Investment, Marketing, Marketing and Advertising, Measurement, Planning, Return on capital, Revenue, Small business, Start-up, Startup company
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What your business culture says about your business
Ok, restaurants again. As you can tell, I eat out – alot. I was at the local Applebees in Ankeny the other evening. It is a favorite place of mine. The food is good but not the reason I go … Continue reading
“Let’s deal with it later…” No, let’s not.
A guy comes up with a business idea. It is a pretty good idea. He starts working on it. The idea takes hold. Others start encouraging him. Customers begin to say a tentative “yes” to his offer. The guy gets … Continue reading
What failure can teach you.
Image by RodBegbie via Flickr At the Technology Association of Iowa’s Pitch and Grow 5 gathering last week, I participated in a panel discussion on failure. Any successful entrepreneur will tell you that failure is part of being an entrepreneur … Continue reading
Make the customer’s life easier. Tell them the price!
Price gets in the way of doing business. For those who have sold for a living, you could probably each write a book about getting around the price issue. Yet for most businesses this is a self-inflicted wound. Today, the … Continue reading
Posted in Financial Models
Tagged Business, Business model, Business plan, Cash flow, Customer, Entrepreneur, Finance, financial model, Financial plan, financing your start-up, Free shipping, Launchpad, Lawyer, Marketing and Advertising, Revenue, Small business, Start-up, Startup company
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1% of 4% of 7 Billion. Who’s in your market?
Big markets attract a lot of attention. After all, with that many potential customers you can see a path to huge revenues. The challenge is getting heard by that big market. On the flip side, a small market does not … Continue reading
Too much on your plate?
We all have a lot on our plates these days. Everyone I talk to responds “Busy!” to the question, “How are you?” It is a good sign that people are busy. The economy is improving. Business is picking up for … Continue reading
Bumper tag and business: how to not get customers
I was getting on the interstate the other day. The intersection I was at had a dual left turn lane and a two-lane on-ramp. I am in the left lane with some cars behind me. Suddenly, a very large four … Continue reading