There may be times when you look at an employee’s “full day’s work”, and have to choke back the venom. Don’t they understand how important [whatever] is? Or that you could do it twice as fast, twice as well? What do you pay these people for? If this is starting…

Read the PostThe Art of Letting Go

A great many entrepreneurs come loaded with craft or connections, but too many shy away from getting their hands bloody in the numbers. The “I’ll just hire an accountant” attitude may be good to ensure you’re meeting your payroll obligations, but not for forecasting when you should hire. Same thing…

Read the PostFinancials Are Power, Not Just Numbers

You’ve got a great idea, right? Now, all you need is a partner or two (or four). Everyone does what you expect them to, you all get rich, splitting the rewards equally… right? Partnerships are great in theory, but a lot like a marriage in perpetual states of compromise, pressure,…

Read the PostPartnerships: Rarely a Storybook Ending

A few years ago, a former employee dropped by and said casually, “You guys are really good, but should be better off. Just work less and charge more.” I thanked him for his sagely advice and tried to change the topic, but he pressed. “If I were you, I’d be…

Read the PostThe Stark Realities of “Easy Money”