Part 3. Turn assets into cash with greater speed and frequency. Here is how. By James Chittenden If you are buying something for $1 and selling it for $2, your prosperity depends on how fast and how often you can turn over inventory. This is the working capital cycle; a measure of how long your Read More

Part 2. Calculating Margins is Simple. Avoid This Rookie Mistake! By James Chittenden If pricing products scares you, you’re not alone. Incorrect pricing is very common. Novice business owners sometimes price too high, earning the contempt of their market. However, it is far more common to price too low in an attempt to gain market Read More

Part 1. To See Where You Should Be, Compare Yourself to Your Industry By James Chittenden Let’s put some more money in your pocket. The goal here is to help you find efficiencies within your business and increase your margins WITHOUT having to resort to layoffs, gimmicks, or imposing sticker shock pricing. Compare yourself to Read More

By James Chittenden If your business has credit challenges, you are far from alone. According to the Federal Reserve, half of all business owners don’t qualify for traditional business loans due to bad credit scores. Online lenders offer small business loans to borrowers with credit scores of 600 and lower.  What is ROK Financial? ROK Read More

By James Chittenden No business owners can do everything right, and certain business chores are too essential to accomplish without expert help. If your startup is becoming a more formal business and you are hiring, congratulations. You are doing something right. But you still need experts to help with everyday functions that are part of Read More

Guest Post by Derek Goodman, Inbizability Small businesses are buckling under the weight of COVID-19. Not only have nearly 100,000 businesses permanently closed since the onset of the pandemic, but 62 percent of small businesses fear the worst is yet to come. Under these conditions, it’s clearly a bad time to start a business. Or Read More

By James Chittenden Everyone wants free money or loans, and owners of startups and small businesses have pursued imagined prizes of grants and easy loans for decades. In reality, free money to start a small business is very rare. However, the political environment is favorable for economic relief for small businesses and self-employed people.  The Read More

The Paycheck Protection Program has reopened, effective the week of January 11 2021 for new borrowers and certain existing PPP borrowers. This round of the PPP prioritizes millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain Read More

By James Chittenden In generations past, getting a business loan was a painful experience if the bank didn’t know or trust you. If you were old enough to be in business before the mid-1990s, you may recall how formal the process was. You had to make an appointment with a loan officer, gather your financial Read More

“If you can get people to work for you for free, you must be really good.” Founders should expect to work for free, without a salary, for an indefinite period of time, for something that has an 80 percent chance of failure. That is why most people won’t do it. Sure, some solopreneur founders will Read More