IS A LACK OF FINANCIAL LEADERSHIP SETTING YOUR COMPANY UP FOR FAILURE ?By Ken Wentworth (as seen on ColumbusCEO.com)
According to Harvard Business Review, 85-90 percent of companies that drop into a financial free-fall will never pull out of it. Among the fortunate minority that do, about half will need to fundamentally redefine at least part of their core business in order to save themselves.
How to Pull Your Company Out of a TailspinBy Chris Zook (as seen on Harvard Business Review-HBR.org)
At any given moment, about 5%–7% of companies either are in free fall or are about to be. Free fall is a crisis of obsolescence and decline that can happen at any point in a company’s life cycle, but most often it affects maturing incumbents whose business model has come under competitive attack from insurgents or is no longer viable in a changing market.
Cash Flow a Major Concern for Small Business Owners, New Poll RevealsBy Brian Lindamood (as seen on Manta.com)
Most small business owners are concerned about their cash flow. While it may seem like a common fear that’s just part of running a business, a new poll has uncovered a troubling side effect of this cash crunch: A majority of small business owners are missing out on sales revenue as a result.
What Are Your Financial Statements Telling You?By Mary Ellen Biery (as seen on Forbes.com)
What could your business do with an extra $1 million in cash? Borrow less? Invest in new equipment? Hire staff to help grow your sales? The answers likely depend on the goals for your specific business, but few entrepreneurs would argue they couldn’t use the extra money. The issue, of course, is how you get it.
In 5 years, the Midwest will have more startups than Silicon ValleyBy Chris Olsen (as seen on Venturebeat.com)
Four years ago, I was a partner at Sequoia Capital, where Drew Houston, Brian Chesky, and a daunting parade of dent-making founders routinely proved that disruption happens in Silicon Valley like nowhere else. But things were changing, and fast.