View Post

Thoughts on COVID-19 for Business

I’ve been a small business owner for almost 20 years.  My business has been helping small business with financial and operational challenges.  Here are some ideas and information to consider:  the tough news first – 1.  Insurance might not be a remedy.  Business interruption insurance generally only handles losses related to physical damage events like fire, water etc.    2. Government help could …

View Post

Entrepreneur or Self-employed: Which One Are You?

Many small business owners don’t diffierientiate between “working on” or “working for” their company; in many cases, they do both. The challenge with wearing so many hats during the course of your business day is how you are dividing your time, and whether or not you are successful doing it. It comes down to these two questions. Are you dedicating …

View Post

Should You Hire a Part-Time CFO? Three Things To Consider First.

Running a business in Siouxland is not for the faint of heart, or for those who despise financial analytics. Whether a company has two employees or 40, business owners often have to grapple with historical data, current performance, and forecasts; a tough job in and of itself when you aren’t also wearing at least five other executive hats. It can …

View Post

Siouxland Small Business 101: How You Know It’s Time To Ask for Help

They say no man is an island, and no small business is, either. In fact, the most successful entrepreneurs know what roles they can handle, and which ones are better left to those who are better equipped. The truth is, there are only so many hours in a day and only so many things entrepreneurs can do well while awake. …

View Post

How a Quoting Tool Increases Profitability and Communication

When I have a conversation with a Siouxland small business owner, it often starts with something simple. “My sales staff needs a quoting tool to ensure consistent margins,” asked this Sioux City CEO. “Can you develop one?” During this discussion, and further discussions with sales and operations staff, I was able to see trends that were causing 10% or more …