Blog
Latest Musings
Today’s startup world is focused on success. Lessons are drawn by studying the accomplishments of Silicon Valley titans. Pitch decks are crafted to mimic those of Google, Amazon and others. A recipe for success? Perhaps. Yet, I would argue that more can be learned from entrepreneurial miscues and, yes, even failures. My blogs here have that predisposition. Successes are still interesting . . . but failures can be fascinating.
Disaster Planning
Small business owners have a lot on their minds. Disaster planning is a very low priority. It shouldn’t be. Learn more here.
Entrepreneurial Optimism
Entrepreneurs, by definition, are optimistic. When reality intervenes and that optimism wanes, Worldwide Local Connect can help.
Projecting Net Profits
Entrepreneurs often project net profits without accounting for certain critical expenses. Cash flows are impacted; credibility is lost.
EBITDA Multiples
Business valuations are often stated as multiples of EBITDA. I’ll explain why, while providing links that will help you value your business.
Contribution Margin Is Important
Your products have high gross margins so why is your business struggling? It may be time to focus on contribution margins instead.
Managing Gross Profit
The importance of gross profits cannot be overstated. Take the time to fully understand your company’s revenues and cost of goods.
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