Most Los Angeles and Southern California business owners and entrepreneurs aspire to grow their companies. Growth is usually a sign of progress and it’s far preferable to the alternatives — stagnation or decline. In addition, growth can result in financial rewards and new challenges and opportunities for owners and employees,...
With the economy slowly but surely improving, merger and acquisition activity has been on the rise the past couple of years. Many Los Angeles and Southern California business owners and entrepreneurs have taken advantage of this favorable M&A environment to acquire other companies in an effort to increase their...
Over the past few months, many Los Angeles and Southern California business owners and entrepreneurs have been warily watching developments on the other side of the world in China. In late June, China’s stock market began falling as its red-hot economy started to cool down. This affected other stock...
There is a very real and often substantial business cost that practically all Los Angeles and Southern California business owners and entrepreneurs are paying but probably aren’t aware of. I’m talking about accounts payable (AP) processing costs. You might not realize it, but paying suppliers and vendors can be...
Almost all Los Angeles and Southern California business owners and entrepreneurs have at least one thing in common: they have lost a customer at some point in time. As much as businesses hate losing customers, 100 percent customer retention is pretty much impossible for most firms. Whether through their...
Most Los Angeles and Southern California business owners and entrepreneurs have some experience in negotiating. While you might delegate most of the day-to-day negotiations that happen at your company with suppliers, buyers, service providers and related to employees, there are still going to be situations where you, as the...
Most Los Angeles and Southern California business owners and entrepreneurs have heard of the concept of lean manufacturing, but many of those who own non-manufacturing businesses think that lean doesn’t apply to their companies. If this describes you, you should think again. The concepts that underlie lean manufacturing can be applied...
In a recent article, we discussed the importance of strong leadership when it comes to motivating and retaining employees. One aspect of leadership that many Los Angeles and Southern California business owners and entrepreneurs often neglect is emotional intelligence. This is especially true in the realm of financial leadership. Relying...
Los Angeles and Southern California business executives often find that they need a cash infusion in order to take their companies to the next level. In this scenario, they have two primary options for funding: debt or equity. Debt is simply a loan, usually from a bank, that must be...
It’s not uncommon for Los Angeles and Southern California business owners and entrepreneurs to offer their employees the opportunity to buy their business when they’re ready to sell. For example, maybe the owner is ready to retire or wants to move on to another business venture, and there are...