Small Business Management and Help

Every couple of years I re-read this book and every time I'm glad I did. I bet I've read it at least 7 times.

This year I'm buying a bunch to give out to business owners that seems especially receptive to the idea of creating a great business.

On a side note the Kindle price for this book is higher than the paperback version, does that seem right to you? Not to me.

Anyway, here's a link for it and yes, if you order it thru this link I'll make about 2cents, so thank you in advance, if you do.

Learning from is part of running and changing is needed to be successful over time. Here's a post on old school simple sales and marketing lessons I've learned though experience.

Either way, get your hands on this book if you run a business or should I say if your business is running you. Also, take a look at this article "Can Owning a Small Business make you Wealthy?"




For other interesting blogs from interesting people visit TheHub click here

Confidentiality when Buying a Business

A lot of things can go wrong when buying a business. Here's some background on the Importance of Confidentiality. If you want to buy a business....understanding this issue can be the difference between buying a business and losing a good opportunity. Below is a short slide presentation:







Library of 20 Articles about Buying a Business

Note: Please note that this information is copyright protected and can not be reproduced without the written consent of Sunbelt Business Brokers Houston Texas or Dan Elliott. 

30 Second Biz Lesson - Bad Debts!

You better get paid for what you sell or you're going to be doing a lot of catching up.

For other Business information form interesting people visit TheHub click here.

Timely article on Social Media - Does it Work for Small Businesses?

I have recently been experimenting with a lot of social media platforms with varying degrees of success. This article talks thru the issues and experiences of several business owners. having reading this article I'll definitely be changing my approach.  Good read, not too long either.

Click Here to Read the Article...

Cash vs Accrual Accounting Made Easy

Drop me a note below if you want me to take a shot at any other small business accounting or financing issues.

Also, look at Expense to profit Cash Conversion Process for more info on working capital and cash management.

Other Articles about Running a Small Business:

• Do you Really want a Business Partner? I mean really....
• Can Owning a Small Business Make You Wealthy?
• Want to Buy a Business? Here's a process..

 Full Small Business Article Library

Don't lose your corporate shield and lose everything!

Here's a quick read about why you need to make sure your corporation is protection for your personal assets.

Understand your risks - Click Here

Also, here you can get many of the legal documents needed to protect yourself and your assets

The best business planning tool?

If you plan to be in business you'd better have a Business Plan. If you plan to start a small business this tool can be the difference between success and losing everything. If you think this Business Plan tool is expensive wait til you see how expensive it is to NOT have a well thought out and written business plan.

If you are considering starting or buying a business it's a good idea to have the best tools. It may cost you a few bucks but it could be a cost that saves you many, many thousands of dollars.

A good business planning tool will also allow you to compare options from a consistent platform.

I think the best Business Plan Software on the market today is Business Plan Pro . (Yes, this is an affiliate link and we get a few cents if you buy it but, hey, give us a break, we did the research).

The best part about this software is it's intuitive and you don't need an MBA to operate it. The Standard edition is all most people ever need. It's a product that has been around for many years and it's very practical and efficient to learn.

As you can see the layouts are clean and easy to understand.



If you are going to get into business you need a plan that is logical, well thought out and proven. Trust me, if you go to your banker with a professional business plan your odds of getting financing improve dramatically. A plan like the one Business Plan Pro produces will be a requirement for any SBA loans that you apply for or pursue.

Here's a few fatal mistakes a good business plan can help you avoid.

The best time to have a business plan is before someone asks you to see it! Get ahead of the curve...get your plan.

Business Buyers 7 Deadly Sins

Buying a Business - The 7 Deadly Sins

Buying a business could be the best decision for you but you need to approach the task methodically and with a clear understanding of yourself as well as the businesses you consider. Here are the mistakes many business buyers make.

We call them the Business Buyer’s 7 Deadly Sins:

Buyer Sin #1

Buyer’s failure to seriously investigate and understand their personal financial situation before they begin the process of investigating businesses to buy. How much ready cash do you really have for a down payment? Where is it? Will your family and friends really back you? What are the tax consequences of accessing the cash (401k/IRA)?

Buyer Sin #2

A Buyer’s failure to understand how much money they need to live on, month-to-month. This is often called your “burn-rate”, which needs to be absolutely as accurate as possible, by month, for at least 1 year.

Buyer Sin #3

A Buyer’s failure to understand the difference between profits and cash flow. Profit is what the books say the business made. Cash flow is what cash, the owner, can actually use. You can’t spend profits, you can only spend cash. You can have a lot of profits and no cash.

Build Your Small Business Brand without a Big Advertising Budget

Here's a good article on low cost strategies that are highly effective.