Are Your Financial Eggs in One Basket?

Most of us are familiar with the expression, “Don’t put all your eggs in one basket.” And most of us know it can be applied to more than just eggs. That was certainly the case for me, as one of the first things I learned as an investor was not to put all my eggs in...

Time for Your Financial Dishes

The first quarter of the fiscal year just came to a close and it’s the best time to review your business financial statements. While this may seem like an obvious thing to do, most people think of reviewing their financial documents as fun as washing dishes....

5 Pillars of Attracting Investors

I speak with small business owners, start-ups and people with great business ideas all the time.  Most want to know how to get investors or loans for their businesses.  I want to make it very clear that small businesses are very risky investments.  The risk of loss is...

3 Business Loan Tips for Veterans

A man from my workshop, “Financing Your Small Business” walked up to me afterwards in the parking lot.  He lamented that he was told in a military retirement workshop to call the Small Business Administration, (SBA) and get a $25,000 loan no questions asked. He...

Will you dare look at your business finances?

Does thinking about looking at your business’ finances make you feel like you’re in a horror film? Here’s a little story for you. A friend of mine loves watching horror films. Once we met for breakfast and she started telling me about “Saw V.” She...

Beware – scarcity thinking impedes profitability.

I’m in the midst of listening to “Scarcity” by  Sendhil Mullainathan, Eldar Shafir. It has a lot to do with behavioral finance, which is how people really act around money.   I was intrigued by a study they did that shows that our mental bandwidth is...