Month: June 2013

Five Reasons Why Companies Fail

An article in the Houston Chronicle (http://smallbusiness.chron.com/businesses-high-failure-rates-61640.html) stated that,  “according to the U.S. Small Business Administration, 70 percent of new businesses survive at least two years, but that drops to 50 percent by the five-year mark and 33 percent at the 10-year point, with just 25 percent lasting 15 years or more.”  There are a… Read more »

Profits, but No Cash!

On more than one occasion I have had a business owner meeting me for an initial engagement explaining to me one of their major concerns described usually as follows: “I simply do not understand what is going on.  My company consistently maintains good profit margins; however, I struggle with having adequate cash balances and maintaining… Read more »