FAST GROWTH CAN BRING EVEN FASTER PROBLEMS! In the last 40 or so years I’ve seen thousands of businesses, many of them with financing problems. I have made my living by helping businesses with problems find financing. One common problem is high growth. Businesses that grow too fast often run out of working capital to […]
I think we all have said that at one time or another. My business is coaching businesses that rely on bank’s for financing and I too get angry once in a while. But my role is to teach my clients how lending works and what they need to do to communicate and keep their financing […]
Okay, there are other ways to make decisions too, but I like the decision matrix. I learned this technique 35 years ago and have used it frequently over the year for many decisions. I like it because it gives me a quantitative bases to clarify my thinking. I have here an example of how i […]
Well that sure sounds good doesn’t it? It just makes sense that we should all own a home! I for one disagree! I think there is so much more to home ownership than just getting the mortgage and moving in. even though one may qualify for the loan there are other things to consider that […]
Most people my vintage believe that social security is not an entitlement, but a return on money we have invested over our working life. I know I want to believe that! However thinking about it I believe Congress believes it is an entitlement, just like welfare, unemployment compensation, and a host of others. As such, […]
ARE VENTURE CAPITALISTS GREEDY? That is what they say, some even call them vulture capitalists! Well, I’m sure some are and some aren’t like in any business. But in he case of VC’s is there good reason to be “greedy”? I was in the venture capital business for four years and learned a lot about […]
I’ve been thinking about the similarities of banks and government, especially on how they work with small businesses. I have spent 30 years working with them and see quite a few similarities. One of lenders prime functions is to provide the funds to keep businesses going and to succeed. They set loan covenants that are […]
We all know the value of first impressions. If they are good we create a relationship; if bad we have repair work to do. As a former lender I succumbed to making quick judgements many times, especially if my prospect was poorly prepared with their financing request or didn’t have any idea of what I […]
