This is the third of four articles on Making Money. Making Money Part One: Don’t Let Work Get in the Way argued that ‘Cost of Goods Sold’ activities should come first. Making Money Part Two: Net Profit described ways to use income statements to make more money....

Time management is a good way to gain control of your activities. Energy management is even better. Both types of management attempt to build self-control. Measuring time allows us to measure ourselves, and that’s an essential activity. In the words of Peter Drucker,...

A friend of mine was once asked in a job interview to develop a value of a particular chair in the room. My friend proceeded to use different financial valuation techniques, including sum of parts, trying to account for the price of the materials used to make it....

This is the second of four articles on Making Money. Making Money Part One: Don’t Let Work Get in the Way argued that ‘Cost of Goods Sold’ activities should come first. This article will explore how you can use your income statement to make more money. The following...

Finance and marketing don’t always play well together, but sometimes they’re inseparable. One of those inseparable moments is brand valuation - assigning a dollar value to the identity of a company, business unit, or product line. Placing a dollar amount on a brand is...

Eliyahu M. Goldratt was an Israeli physicist who studied business management and manufacturing operations. He built his reputation as a manager on the importance of identifying and adapting to the operational bottleneck, which he described using the auspicious name...

One obstacle to asking for help is knowing that one needs to. This article outlines the functions and competencies of a CFO, allowing you to measure the effectiveness of your current approach. If you find holes in your approach, a smart next step is to ask for help...

In the current business environment, we see more employee mobility than ever before. It seems that professionals jump from one job, or even career, to another before they can even get their 401K set up. This may seem like an exaggeration, but everyone reading this...

This is the third of three articles on Diversification for founding entrepreneurs. Part One, Diversification vs Di-worse-ification, argued that diversification is not always a positive move and that careful analysis should be applied to any diversification decision. ...

The first piece of advice given by Benjamin Franklin in Advice to a Young Tradesman is: “Remember that Time is Money.” Despite having long ago become a cliche, “Time is Money” remains a succinct summary of an important financial concept that must be mastered by any...

Smith and Wesson has long been a strong, recognized brand for handguns, with the added benefit of a strong customer base. In 2002, however, the company unsuccessfully launched a line of mountain bikes that soon turned into a flop. Customers had said in a survey that...

This is the third of three articles on Convertible Notes for founding entrepreneurs. Convertible Notes Part One: The Basics defined what a Convertible Note is and compared it to Preferred Stock. Convertible Notes Part Two: The Crucial Details examined how negotiations...