Which is more likely to put a company out of business: too much business or not enough? Most people assume it’s not enough business since no money is coming in, but it’s actually a trick question. Both can put stress on a business and if they aren’t prepared…bye, bye business! Thankfully, WerkFromHome (WFH) software company…
After the successful cloning of dinosaurs through genetic engineering, you are ready to sell your company, International Genetic Technologies, Inc., and make a profit. Unfortunately, after looking at the financial books, buyers aren’t willing to pay what you had hoped. While you are disappointed to lower the selling price of your company, you agree to…
You already know that good customer relations are vital to business success and longevity, so you pour time and energy into nurturing those relationships. While it’s wise and even admirable to focus on your customers’ needs and wants, you don’t want to do that at the expense of your bottom line. If you’ve noticed your…
According to SmallBizTrends, only 40% of small businesses are profitable. In my years of working as an outsourced CFO, I have seen this dilemma many times among service-oriented businesses. There are numerous possible reasons businesses may not make a profit, but I have found a common culprit. If a healthy profit has been eluding you, or…