The 100-day plan is a tool that helps organize, describe, and assign responsibilities for your most important tasks. It is a checklist by which you can stay focused, measure and communicate your progress to your team, owners and …
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Management is the coordination of activities to achieve a goal. It can include the synchronization, blending together, integration or organization of resources. It is incumbent upon the manager to provide direction, control processes and feedback to the various …
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Liquidity are the resources available to pay your bills. Usually it’s cash; it always needs to be something you can easily convert to cash. Liquidity risk is the number one issue to manage, and the lack of liquidity is …
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Expenses are the costs to your business as a consequence of money spent. Some are directly related to your products and some are not. The indirect expenses are also called overhead because there is no direct relationship between …
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Revenues are your receipts: the cash collected from your sales. They are the top line results of your company and are based on both price and quantity. A revenue-starved start-up doesn’t last very long so it is very …
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Financial means monetary, fiscal or related to money (dollars and sense). It’s all about the numbers. You don’t need to be an accountant to read financial statements. But as an entrepreneur, you do need to know what the …
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Priorities are the tasks and duties that you assign the most importance. They are the items that sit at the top of your list because your business will be at risk if you don’t do them. They take …
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Status is the current condition of the activity you are managing. Having an accurate read on the status of your key items is no easy task. It is always helpful to be from Missouri (show me) when it …
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Administration is the management of operations and day to day activities of the company. It is all of the tedious, detailed, step by step stuff that keeps your operations going and your customers happy. As an entrepreneur, building …
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A legal entity has standing in the eyes of the law and can enter into agreements of all kinds. It can take on a number of forms including individual, association, partnership and corporation. Legal entities form the structure …
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