In my experience, poor financial management is what causes most underperforming small businesses to fail or not achieve their objectives. Often it is a lack of understanding of how basic business finance works that inhibits owners and leadership teams. You need to fully grasp what makes your economic engine work to make the right investments and calculate appropriate risks.
A business's value is influenced by more than its financial statements. Buyers assess the overall quality of the company, the risks associated with owning it, and the likelihood that its…
Introduction You can spend decades building a business and still be disappointed by what someone is willing to pay for it. That is a difficult realization, especially when you discover…
Before you invest, before you plan, before you act—you need clarity. What do you actually want? Not a…
KPIs are about identifying the vital few—the numbers that directly tie to outcomes. Revenue. Margins. Customer retention. Cash…
Most people learn finance backwards. They memorize formulas, ratios, and definitions. But they never really understand what’s going…
Kraig Kramers built the original CEO Tools from real-world leadership experience—focusing on practical systems that drive clarity and…
Even though all waves do crash to shore, most of the water still returns to the ocean to…
As we wind down another year, I thought it would be helpful to share some of the best…
In summary, get the basic business math right, avoid becoming too reliant on debt, make informed personnel decisions,…
How an organization makes decisions affects whether it will have sustained success. While a company may occasionally experience…
Business ownership has never been for the faint of heart. Ongoing change and adaptability are part of the…
Being wise and responsible does not mean avoiding risk altogether. In fact, it requires embracing the right risks…
I'm fond of the Yiddish saying, "Man plans, God laughs..." As much as we can hope to create…
I often ask my clients to think of this as their business Grade Point Average (GPA). Their goal…
Business cycles are cyclical. Recessions are a fact of economic cycles. Knowing this, business leaders need to be…
When you are in a survival mode, the goal is to keep the doors open and resize your…
Any turnaround plan needs to be carefully thought out. Those in positions of authority and influence need to…
There is a significant benefit to working with a diverse range of clients over many years. You start…
I often get asked for a checklist of business management improvement ideas. While the following list isn't exhaustive,…
We've all heard the saying that "You shouldn't put all your eggs in one basket." The same can…
The more people know about the company's basic metrics, the more they can connect their work to its…
Hope is never a good strategy when it comes to your business or personal finances. Understanding the core…
Bring the decision you've been circling. The problem you haven't said out loud. The one you've been carrying alone.
Ed’s frameworks, the occasional hard-won lesson, and what he’s reading. No spam, unsubscribe anytime.
