It wasn’t long ago when it seemed that the answer to every business challenge was to “get out and sell more.” Now, business owners are scrutinizing their operations for ways to squeeze out every last drop of profitability. Let’s look at four ways to increase your profitability and grow your business.
Archive of posts tagged Colorado Springs
Often Overlooked Steps to Take Before Selling Your Business
If you’re not already aware of Matt Barrett of the Colorado Springs Small Business Development Center’s Small Business Blog, go on over and check it out. His most recent post is on a few of the often overlooked steps an entrepreneur should take before putting their business up for sale.
Assemble a team to help you [...]
SBA Lending when buying a small business
I had the privilege of sitting down with Melissa Knutson, a business banker from Chase in Colorado Springs and asking her about the state of small business lending in Colorado Springs.
Innovative Funding Strategies: Alternatives to Injecting Cash into Your Company
Although dragging myself out of bed to attend the Peak Venture Group’s breakfast by 6:30am was a challenge at first, the experience proved to be entirely worth the effort. Today’s topic was designed to offer alternatives to the traditional funding path of Friends & Family – Angel Investors – Venture Capital – IPO/Strategic Buyout.
7 Entrepreneurial Tips from Jeff Schneider
Laura Benjamin interviewed Jeff Schneider, president of Entrepreneurial Finance & Accounting Services to get his top tips for entrepreneurs and small business owners. It is important for business owners to understand their cash flow needs, but it lean times it becomes critical. Find out more about financial modeling.
Colorado Springs City Budget Markup Session: November 9, 2009
This is the first time I’ve been to a city council session and it was a rather enlightening process, if mostly to see what each member of council found most important and why they supported cutting or not cutting in certain ways. Overwhelmingly, this process was a political one with very little cost-benefit analysis and a whole lot of “I think…” and “I’ve always believed…” statements in support or opposition to certain budget items. It certainly begs the question: would cities be able to handle these challenges better if they were managed more like businesses?
The Rise and Fall of a Software Startup
Who hasn’t heard of a great idea going belly up, especially in the volatile world of software startups? Ever wish you could get a download from those entrepreneurs about what went wrong and how to avoid the same fate in your business? The fine folks at the Tech Incubator brought us a presentation by Al Davis that proved to be a candid and unassuming walk through the rise and fall of a software company that ultimately closed its doors returning a mere fraction of shareholders’ capital.
