Book Review: The Accounting Game
I first encountered “The Accounting Game”, by Darrell Mullis and Judith Orloff about ten years ago when I was a software developer for a firm that sold point-of-sale/inventory/accounting software for tire stores. I don’t even remember who first recommended this book, but soon my manager bought a copy for the development group to use in [...]
Why the bank wants to see your business plan
A few posts ago I mentioned that a business plan may not be necessary unless you plan to pursue financing.If you do plan to go for a business loan or venture capital, however, you should make sure you’ve done your homework. Here are some of the key components of a business plan lenders will be [...]
The three people to have in your business’ corner
I was talking business with a dentist friend of mine the other day, and we got on the topic of starting a business. In my case I started one from scratch. In his case he bought an existing practice. But we both quickly agreed that regardless of how you approach owning your own business, there [...]
The danger of inflexibility
I try not to get too political in this blog, but occasionally there is no escaping it. The more I read about the situation in Wisconsin, where the state government is facing a vote to eliminate collective bargaining rights for public workers, the more I wonder if unions aren’t going to push themselves into obsolescence. [...]
Is your business plan “just right?”
I read an article by C. Norman Beckert, district director for SCORE, in the Idaho Statesman’s business magazine Business Insider (I’d link to it, but it’s subscription only), in which he discusses whether or not you need a formal business plan for your business idea. His answer was spot-on: It depends. He feels that unless [...]