The Entrepreneurial Lens I always imagined I’d be a writer… but that was the problem. I was imagining it, dreaming it, alluding to it. I never actually got started. The very mentality that kept me from writing my first piece is the same mindset that keeps many smart and capable people from following their dreams, working for themselves, and ultimately gaining the tools to become successful entrepreneurs. Some people are just born with the Entrepreneurship Gene. In a society w

As a small business owner, you wear a lot of hats. When you sit down to calculate your finances, a Profit and Loss Statement (or P&L statement) can help you get a snapshot of where you stand and where you can make changes in your company. The Basics of P&L Statements A profit and loss statement is just that! It shows how much profit you have left over after you have subtracted your profits from expenses. Remember: Profit = Revenue - Cost Every public company issues a P&L stat

Why Follow up is Critical to Success We hear the phrase “follow-up” quite frequently in business, but what does that really mean? How is the best way to follow up? And why is following up with people such an important thing to do? Regardless of which profession you’re in, the fact of the matter is that business (and life) is about relationships! Building rapport with people and getting to know them on a deeper, more meaningful level is crucial to the longevity of a thriving a

​ Two Categories of Liabilities: Current and Long-Term To get a better view of your current and long-term liabilities, you can always create a classified balance sheet that breaks down your different liabilities. Current Liabilities Liabilities due within an operating cycle of the company. For most, one operating cycle is one year. Long-Term Liabilities Liabilities due more than one operating cycle of the company. These are items like mortgages on buildings, vehicle or equipm