by Lea Strickland | Jul 31, 2014 | Business Articles, Business Growth, C.O.R.E. Business System, Commercialization, Entity, Small Business, Start-up
Commercialization always involves two components – the technology or product AND the business model. The road to commercialization, however, differs for each business due to many factors: Type or nature of the product/technology/service (the “product”) Experience of...
by Lea Strickland | Jul 30, 2014 | Business Articles, Business Growth, Cash Management, Small Business, Start-up
It doesn’t matter what your prospects are one year from now or a month from now, if you can’t pay your employees and vendors today. Cash flow determines whether you are in business or closing your doors. So understanding your cash flow cycle – the amount of time it...
by Lea Strickland | Jul 30, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Small Business, Small Business, Start-up
Imagine if you owned, managed or worked for a debt-free business. How would it differ from your current situation? As an owner/manager, how different it would be? Could you imagine that a debt-free business could generate more profits at a smaller size? Could you...
by Lea Strickland | Jul 29, 2014 | Business Articles, Business Growth, Business Plans, C.O.R.E. Business System, Commercialization, Entrepreneur, Small Business, Start-up, Strategy
Building on last month’s discussion of business plans, we now focus on an understanding of the key elements and the process. The business plan process involves capturing “every” aspect of business operations and the financial implications. If you are...
by Lea Strickland | Jul 29, 2014 | 12-Steps to Start, Business Articles, Business Growth, Business Management, Business Plans, C.O.R.E. Business System, Entity, Small Business, Small Business, Start-up
In a previous article, “Planning Your Business,” the introduction included the basic elements to consider when starting your own business. This article delves into differences between “planning your business” and a “business plan.” Business plans presents...