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Do You Know Your Company’s Cash Burn Rate?

“What is your company’s cash burn rate?” is one of the first questions I ask new clients, who are between their start-up and business maturity phase. Although some have a very good understanding based on their insights to daily operations, the majority typically do not have a response and give me that deer-in-the headlights look. […]

Next 5 Steps to Starting a Professional Practice

Last time, I shared how starting a professional practice has a number important steps such as doing your homework, writing a business plan, and securing financing. In this edition, I will continue down the list to the remaining 5 steps that will allow you to clearly continue to build the foundation of your practice. Stay […]

STEPS TO STARTING A PROFESSIONAL PRACTICE

Starting a professional practice is a series of decisions that must be taken to lay the ground work for an operational business. There are many things to consider. To make this process easier I have compiled a list. Below are ten important actions in making you’re a practice flourish. Do Your Homework The failure rate […]

Does My Business Need a Budget?

Often when businesses start up, a business plan is prepared and presented to a financial institution to secure financing.  Upon successfully obtaining a loan, the budget or forecast presented in the business plan is a distant memory for new business owners who quickly get involved in running their business operations. However, if you are serious […]

Accessibility to Entrepreneurs Keeps the Dream Live!

We live in an incredibly exciting time for entrepreneurs and the opportunities afforded to them. While I have no doubt that the grit and resilience required for success is on par with prior eras, the tools and general accessibility of technology to today’s entrepreneurs would have been incomprehensible even 30 years ago. After the implosion […]

Fundraising: A First Glimpse

Most companies begin their life on funds borrowed from the founder and their close friends and family, and for a fortunate few, angel investors. This part is pretty self-explanatory so no need to dig into it, but once those initial funds have run dry and after taking the company from an idea and core team to the embryo of functional business, it’s time to start thinking bigger.