Taking the Risk Out of Your Business

As a successful entrepreneur, you are optimistic and energetic. You have to be in order to tackle all of the challenges facing you day-in and day-out. But, are you a realistic entrepreneur?

 

Well, one sure way to determine if you are a realistic entrepreneur is by asking yourself a simple question: “Have I identified the most likely risks that I’m going to face in the next few years and planned for them?

 

Well, in BusinessCast Podcast #82 – Risky Business, Robert and I sit down for a frank discussion (as always) — this time with John Klotz President of NorthWood Mortgage Life Insurance. The three of us share a few stories and provide some straight-forward advice to help entrepreneurs like you address common risks so that you can continue to operate and grow your business.

 

And, to help you better plan for business risks, here are some very popular resources ideal for all entrepreneurs – regardless of the size, age or industry of your company:

 

How to improve your cash flow

 

Answers to entrepreneur’s most common financial questions

 

Free entrepreneur resources

 

Remember: Subscribe to the BusinessCast Podcast at iTunes

How to Improve Your Cash Flow — Now

Every entrepreneur is in a constant tug of war — money comes in from clients/customers and money goes out to suppliers, staff, landlords, investors, etc.

Your ability to win this battle drastically dictates your ability to survive and thrive. So, this week, in the BusinessCast Podcast Show #81 – Show Me the Money Robert and I provide several tips that you can take now to improve your cash flow.

Whether you are an experienced money manager or new to keeping track of your pennies, you’ll find some practical steps that you can use. So, while cash may be indeed be ‘king’ — as the saying goes — you will be able to show it who’s boss!

Remember: Subscribe to the BusinessCast Podcast at iTunes

By the Numbers: Part 2

Well, we did it – we started tackling some of entrepreneurs’ key ‘numbers’ questions and concerns. Why? Because, every business owner/manager has to contend with numbers…even if it is not their particular strength.

Listen to BusinessCast Podcast #69 – Business Success By the Numbers – to get straight-forward answers to these common numbers-focused questions:

  1. Should you buy or lease your car?
  2. Should you invest available cash in your mortgage or an RRSP (IRA)?
  3. Who should you sell your business to? 

Also, find below some focused resources to help you work through these questions and get you more comfortable dealing with financial issues critical to your business –

A Lease or Buy Your Car Calculator

A Contribute to Your Mortgage or RRSP Calculator

A Book Introducing Finances for Non-Financial Managers

A Video on Finances for Business Leaders (Note: The video providers will prompt you to register before you will be able to view this video.)

BTW, if you have a ‘numbers’ question, let us know. We’ll address it in an upcoming show.

Remember: Subscribe to the BusinessCast Podcast at iTunes