Business Sense

Costs must be part of your concept – costs come b/4 sales!

Guess what!  Business costs almost always come before revenues; therefore, you need startup capital to get your business going.  Finding small business funding is one of the survival skills needed for small business success. In most cases, the founder of the business brings his/her capital to the table or they get informal loans from friends, family and associates.  Equity partners or lenders want to invest in proven operations that have growth potential.  So, getting your start-up money must be part of your concept.  You will need a plan for start-up money before you see the investment banker, banker, SBA or angel.

Entreprenuers1

Entreprenuers1

 

 

Businesses Need Constant Care

Running a business takes constant care and evaluation.  If your business is “too good to be true” then chances are

  • you need to do some more evaluation because you missed something in the “small print”
  • somebody is working on how to copy your idea, enter your market space and take your customers and profits!
  • you just invented SPANX.

Fiscal Sense helps small-to-mid size companies evaluate and develop business plans, processes and strategies so that you don’t leave revenue and profits on the table! Businesses take constant care, evaluation, innovation and hard work.

Most independent business owners work far more than employees of companies.  They know the buck stops with them. They know there is always more to do to make sure the market is awareness of their goods or services. Very few independent business owners are good at everything.  Most folks focus on what they are good at or what they like, and let the other stuff atrophy until trouble strikes.

You don’t have to be good at everything to have an effective business, service or non profit.  You do need to know what you are best at and how to get good help or care for the other pieces.

 

 

 

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