Now I get a report from the management company I hired and review the numbers without fail every Friday. You see, if I only reviewed the numbers every month or two, I’d lose track of what’s going on. I know that if something got out of control during the week, it could be radically out of control for the month. (more…)

Most businesses get into trouble because of these problems:

• No cash flow. Deals are about to close, but you can’t pay the rent this month.
• Bad accounting. In a lucrative year, you owe the IRS $30,000 but only have $18 left in your business bank account.
• Poor management. Your management plan, if you have one, is chaotic. (more…)