Three terms you must know prior to making an offer to acquire an existing business

September 23, 2011 by Matthew DiGeronimo Leave a Comment

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Filed Under: Blog, Business Transactions, Buyer's Blog, Buying a Business, Selling a Business, Smith Floyd University

Balance Sheets: Five things you must know

September 22, 2011 by Matthew DiGeronimo Leave a Comment

This is the second part of our “Accounting for Small Business Owners” series. In the first module we covered the two types of accounting methods – cash and accrual. Next we are going to present the basics of financial statements and then focus on the balance sheet. Much like it’s hard to explain to a [...]

Filed Under: Accounting, Buying a Business, Running a Business, Smith Floyd University, Uncategorized Tagged With: accounting, accrual method of accounting, balance sheet, cash flow statement, income statement, small business basics

Accounting for Small Business Owners Series (#1 – Accounting Methods)

September 21, 2011 by Matthew DiGeronimo Leave a Comment

This series will address the principles of accounting with which every small business owner must be familiar. Trust me, we do not want to put you to sleep with accounting . . . you are an entrepreneur not an accountant. Unless you are an accountant, them I’m just kidding . . . accountants rock! [...]

Filed Under: Accounting, Running a Business, Smith Floyd University, Starting a Business Tagged With: accrual accounting, cash accounting, personal budget., principles of accounting, small business owner

Response to Frank's comments about procedures

September 21, 2011 by Matthew DiGeronimo Leave a Comment

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Filed Under: Comment Responses, Running a Business, Starting a Business

Business Owners' Nightmares Series (#1 – Making the routine things routine)

September 20, 2011 by Matthew DiGeronimo 2 Comments

This post is the first in a series of posts called “Business Owners’ Nightmares Series.” We will be striving to address the topics that we know are keeping business owners or would be business owners up at night. At a minimum, this series should provide business owners some comfort [...]

Filed Under: Business Owner Nightmares, Running a Business, Starting a Business

Naming Your Business

September 16, 2011 by Matthew DiGeronimo Leave a Comment

Naming your business is a personal and important decision to make. Your “name” is an important aspect of the brand of your business and will set the tone of your business’ personality. Here are some things to consider when naming your business which are often overlooked: 1. Recognize the difference between your “corporate” name and [...]

Filed Under: Running a Business, Starting a Business

Is "man to man" dead in the world of business.

September 15, 2011 by Matthew DiGeronimo Leave a Comment

My father taught me that a “man” * keeps his word. A “man” does not use words deceptively to trick someone into thinking one thing but “technically” saying another. This practice is reserved for the attorneys of the world, the marketing companies that flash 3-point font paragraphs of disclaimers for a millisecond during television commercials [...]

Filed Under: General Interest, Running a Business

Creating a Statement of Desire

September 2, 2011 by Matthew DiGeronimo Leave a Comment

I received some feedback that the post on executing a statement of desire was a bit too lengthy for such an elementary topic. I appreciate the feedback and have adjusted it accordingly. Therefore, what follows is a “nuts and bolts” version and you can find the full post in Smith Floyd University . . . [...]

Filed Under: General Interest, Starting a Business Tagged With: Business Plan, Smith Floyd, Starting a Business, Vision