Sue Miley
Most cities have opened back up for business in Phase I or Phase II according to their state’s guidelines. As everyone has heard ad nauseam, cases are going up in the majority of the states. We are being told by city officials we aren’t doing it right. As a small business owner, “right” is a […]
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Some of us are fortunate and get a vision for our business from day one. Others want to have a business, and begin with what they can do. They add on services or products they can sell. Vision or no vision, they need to put food on the table. At some point, without a strong […]
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By the time we lift the stay-at-home order here in Louisiana it will be at least two months of basic physical business shutdown. Even if you were able to work at home, in most cases, business is still impacted. Whether it is projects pushed back or lower sales as conservative customers modify their spending. And, […]
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Every business owner knows how important cash and cash flow are in business. At least in theory. With the statistics of small businesses that close after a year, and the small % that are still in business after 5 and 10 years, the intricacies of how it works and what produces free cash flow, may […]
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I want to share first where my learning comes from. I remember driving to my commute job in New Orleans when we heard the news of the 9-11 terrorist plane crashes. By the time we got to the restaurant I was managing, we had visual of the second plane crash. Everything seemed to freeze in […]
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As you are receiving this, the Louisiana state governor has issued stay-at-home orders for all citizens and businesses that are non-essential beginning Monday at 5 pm through April 12th. That is a minimum of 3 weeks. This is not only financially devastating to many businesses; it is mentally and emotionally taxing to business owners even […]
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During such a volatile market place and with people staying home and not utilizing your business services or products as normal, we need to do what we can to keep our own business healthy. One area to focus is your accounts receivable. Accounts receivable health translates to cash flow and liquidity. As our customers become […]
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Most small business owners don’t have a financial background. Yet finances are critical to every small business. If for no other reason that we need to create profits to personally earn a living. That is the simplest most urgent need. However, financial information can also be core data that should drive decision-making and highlight pitfalls […]
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