I believe some confusion exists in the workplace regarding millennials. Once we get past the often erroneous stereotype of feeling entitled and not willing to work, millennials can add a lot of value to any workplace, with the right touch. Many employers try to attain...

A budget shouldn’t be something you draft at the beginning of the year, stash away in a drawer, and then compare with your year-end numbers to see how you did.  That may sound ludicrous, and that’s because it is.  Unfortunately, the way many business owners use their...

Too many entrepreneurs approach fundraising thinking that all money is the same.  “An ‘investor’ is someone with money, and therefore all people with money can be an investor in my business.”  Well, not exactly, and here’s why. The right investor entirely depends on...

Entrepreneurs are gutsy. They understand the customer, and they are always trying to provide the right value to the customer.  But sometimes entrepreneurs make mistakes.  Especially when it comes to the finances of the business, which are not always at the forefront...

Let’s face it—hobbies are born of passions, and at some point you’ve spent so much time working at your hobby that you become somewhat of an expert. Experts of some hobbies can make decent money from amateur hobbyists.  You may be in this boat (not too bad to get paid...

You’re laser-focused on meeting customer demand and building your business, and then—Wham!—you meet the person of you dreams, and now you’re building a new family at the same time.  Unfortunately, all the efficiencies you thought you’d get by being married (fewer...

Success is meeting a customer’s need. Too many think of success as having money, but that’s not true success. True success is having a product that meets customers needs, and a proven method for customers to pay for and consume that product. So why do so many feel...

I recently read an interesting post at entrepreneur.com arguing the down side of a mega valuation when raising initial capital.  During the read, I quickly recognized that the author was a venture capitalist himself. Despite my recognition of the inherent conflict of...

I hope that you all had a chance to participate at the UVEF Hot Seat: Perfect Pitch event in April.  In case you missed it, I felt that Preferred CFO had an obligation to its friends and contacts to share some of the wisdom shared at the event. John Pilmer of Pilmer...

Far too many business owners ask themselves, “What’s the bare minimum that I need to do to borrow money from a bank?” If you’re one of those people, please stop that train of thought right there. Instead, you should be viewing your bank, or any lender for that matter,...

Running around all the time while being busy with work has left me recently wishing I had a better diet.  There’s just not enough time to be busy and eat well it seems. Being the problem-solver that I am, it got me thinking about the issue and a potential outsourced...

A few weeks ago I opened up the discussion of venture funding.  Yes, that black box of enigmatic Pandora proportions that many attempt to open but few are successful. If you’re reading this article, then you’ve likely decided that raising funding is in your future. ...