Get The Most Out Of Your Business

money in a spilled trashcan

Value Perceived May Not Be Value Received Or Vice Versa

By Billy Richardson | July 12, 2019

It was once said, “one person’s trash is another person’s treasure.”  This saying holds true to the value of one’s business.  I am not saying your business is trash, but often we have a misperception of what our business may be worth.  You may think your business is worth a lot but have no buyers. …

approved loan application

Considering a line of credit or business loan?

By Karen Richardson | January 17, 2019

Does your business need a line of credit?  How about a loan?  It’s important to know how and when to use each in order to optimize your borrowing, and the first step is understanding how your bank views your business and your need for loans and/or lines of credit. Your bank is basically a low-risk…

business woman at desk pondering

Can you afford that new capital investment?

By Karen Richardson | January 17, 2019

You’ve got an opportunity to buy a new piece of equipment or a new vehicle for your fleet or to acquire an experienced sales manager to grow your revenue.  How exciting!  But can you afford it??? You may be thinking, “Well, sure, it’s a great price, and I can make the required note or salary…

drawing of stick figure with gattling gun

Are you armed…or just dangerous?

By Karen Richardson | January 17, 2019

No, this isn’t an article about law enforcement or concealed handgun training.  Did you know that the term “armed and dangerous” is very applicable to business?  As a business owner, if you are not “armed” with excellent information about your business, including your own financial and operational performance and your relative standings in your market…

man holding a sign in front of face


By Karen Richardson | January 7, 2019

When you get the bank reconciliations from your accountant or bookkeeper, how often do you think, “Where has all the money gone???  I know we are working harder than ever!  Our sales or services have increased over last quarter, so how can the checking account balance can be the same (or less!) than it was…

man looking at wall of infographics

What do all these numbers mean???

By Karen Richardson | January 7, 2019

When you get a Profit & Loss statement from your accountant or bookkeeper, do you find yourself scratching your head and thinking, “Good grief!  What do all these numbers MEAN?”   If so, you aren’t alone.  Chances are your accountant or bookkeeper prepares your financials with a primary purpose in mind, which is to ensure…

man holding letter blox spelling sold

Congrats on the sale of your business

By Billy Richardson | December 19, 2018

Congratulations on the sale of your business!  What??  You did NOT sell your business??? Well, if not now, it is likely that SOMEDAY you WILL want to sell your business.  When that time comes, you will want the experience to be one of satisfaction, not frustration or desperation.  To achieve a satisfactory outcome when you…

a bunch of white doors in a flat grassy field

Know when you want to transition out of your business

By Billy Richardson | September 13, 2018

One thing is for sure, we all will transition out of our business. The questions are how and when? While none of us have the foresight to know for certain, your plan should include a transition that you desire instead of a transition you have to take. A date certain transition is the most common…

man in chair looking at graphic on wall

Know and pursue the transition alternative(s) that meet your needs

By Billy Richardson | August 16, 2018

Being prepared for a transition event is vital to meeting your needs for life after business. Knowing when you want to get out of business is important but more importantly is knowing how you get out of business is what will provide peace of mind. While there is no checklist to determine which is the…

business man looking at wall of chart drawings

Know what you want for and from the business

By Billy Richardson | July 5, 2018

What you should want for and from your business is a return on investment. Over the years, you have received compensation for working for your business and hopefully you have received some forms of compensation for owning your business. The compensation you receive for owning your business comes in two different forms: the first is…