As you check out purchases online or in stores, you may be offered an invitation to open a store credit card. Store cards often include an appealing introductory offer that includes a hefty savings on your purchase, which makes them hard to resist.
While you might be tempted to say “yes,” sometimes…
The first rule of scaling a business is “Don’t worry about the rules of scaling a business.” If you’re copying others, then you’re always following their lead, which means you pick up breadcrumbs instead of getting the loaf. Instead, look for the leverage only you can create.
That requires an innovative strategy on three fronts…
1. Build business before buzz
“It’s enticing to spend on sexy things like PR and events. But while awareness is great — and needed — you want to make sure you have the distribution set up to fully take advantage of the awareness. Early on, we spent on those things to build buzz, but we didn’t have enough retail distribution…
You've finally got your company on solid ground. Now you might consider taking funds to accelerate growth.
A pattern that I often see in small to medium sized businesses is that they become scared to take on debt after they have made it out of the...
Planning your financial life can sometimes be a lot to handle on your own. If you’re paying off your debt, how much should you invest into your Roth IRA? Should you buy a house or keep renting while you build up some liquidity? While not everyone needs a certified financial planner, they can...
Paying off debt is a huge win, so you might be disappointed to find out that paying off debt can cause a drop in your credit score. While seeing the points drop in your credit score can feel like a loss, understanding why can help you make a plan to bump your score back up. Understand the factors…
Moving your business to a new city can sound like a desirable prospect at first glance. There might be better opportunities, better living conditions, or perhaps the city may be more aligned with your political and social convictions.
However, the purpose of business is to make a profit in a...