How to Become Your Own Bank Lender

How to Become Your Own Bank Lender

Did you see the article about bank financing? If not, go back and read it, please. Ok, are you back now? Great!! Let’s talk turkey (which is appropriate to do since we recently celebrated Thanksgiving). Dealing with banks can be challenging. It seems like they are...
So you think you need to borrow some money?

So you think you need to borrow some money?

We are debt averse in general. Borrowing money should be the choice of last resort, not first. But there are times where capital is needed and the business does not have sufficient time to generate the capital needed through its regular operations. In that case,...
How much should you pay yourself?

How much should you pay yourself?

Great question!! And it can be a complex one too… There are two considerations that must be factored in: What are you worth as an employee of your company?  If you needed to hire someone to do all the work you do, how much would you have to pay them? I’m certain it...
Are you riding a rocking horse into a rut?

Are you riding a rocking horse into a rut?

Excuse me for being obvious. If you ride a rocking horse long enough, you’ll end up creating a rut from repeating the same motion over and over. In other words, things that don’t change stay the same. And over time, inertia makes it more and more difficult to change....