Eight Growth Hacking Tools for Your Startup

growth hacking

Every successful startup (or large business for that matter) is doing growth hacking. They may call it that, or they may call it something different. But one thing is certain – they are doing it. That is one of the reasons why they are successful. The only rule of growth hacking In growth hacking, there is […]

More Startup Lessons from My Daughter’s Lemonade Stand

Lemonade Business

A couple of summers ago, my daughter launched a lemonade stand “startup.” I wrote about some of the business lessons from her lemonade stand venture in a previous post. Apparently, she liked the concept of earning more money for the summer. More importantly, she later told me that she liked our rule that “if she earned it, […]

How Much Money Should Your Business Keep in Reserve?

cash reserve

One of the most important things that long-standing, successful businesses have in common is a cash reserve. A cash reserve can help you pay employees and suppliers during hard times. It can help keep things moving if clients start paying slowly. It can help your business take on new growth opportunities. And it helps your business […]

Invoice Factoring for Startups and Small Businesses

factoring invoices

Getting the right type of financing is critical for the success of any startup or small business. Making the right choice is important because the future of your company depends on it. Unfortunately, small business owners often have little time to research all their alternatives properly. They are forced to make a decision quickly. I can help you with […]

Best Ways to Prepare Your Business for a Recession

graph showing a recession

As the saying goes in lending circles, the best time to borrow money is when you don’t need it – when things are going well. There is an element of truth to this adage. The same goes for business planning. The best time to prepare for a recession is when things are going well. This strategy allows […]

How I Found my First Customers and Grew my Company

open business getting new clients

About ten years ago, I launched my company and was full of hope it would grow quickly. Like many founders, I had carefully planned everything – to the dot. I had the spreadsheets and the business models to prove it! As a cautious person, I launched the company in stealth mode while I was still working at […]

Are Merchant Cash Advances Good for Startups?

merchant cash advance

Merchant cash advances (MCAs) have been gaining popularity in recent years as a short-term business financing tool. Also known as cash advances or ACH loans, MCAs promise to provide easy access to funding for entrepreneurs who need it. While getting an MCA is easier than getting any other type of funding, this ease comes at a cost. Literally. […]

Follow the Money (And Not Your Passion)

don't follow your passion

Probably one of the most over-used pieces of advice is the adage “follow your passion.” Students hear it at graduation speeches every year. Startup founders and entrepreneurs hear it from business luminaries – time and time again. This well-worn mantra sounds good. Like most people, I heard it when I graduated from college. I liked it…but is it […]

Four Options for Companies That are Running Low on Cash

cash flow problems

Running out of money is a common problem for startups and many small businesses. It’s one of the worst things that can happen to a business owner. Without money, you can’t pay salaries, vendors, or any bills. Unless you fix the problem quickly, you could go out of business. One of the greatest misconceptions about cash […]

How to Come up with A Ton of Great Business Ideas for Your Startup

great idea generation

For many would-be entrepreneurs, the process of coming up with a business idea can be daunting. Having the right idea is the first of many important steps along the path to entrepreneurship. It’s also one of the hardest steps – at least it was for me. To be frank, I wish I’d had a good idea-generation […]