Chris LoCutro

APRIL 23, 2024

In this episode of The Chris LoCurto Show, we dive deep into the delicate process of second-generation transitions in small businesses. This is an ongoing leadership development program that gives you the lesson track coaching and accountability. Grace and Peace, Chris LoCurto Want to fine-tune those delegation skills?

Small Business 40

Small Business Succession Planning Operations Assets 40

Zenefits

MAY 15, 2023

But they also help businesses keep track of expenses and information they will need to access again. Easy access is useful for preparing such items as an accounting or tax statement, responding to an audit, and more. Employees complete it to permit employers to deposit their pay into an account of their choosing.

Compliance 52

Compliance Cash Flow Compensation Revenue 52

Zenefits

DECEMBER 4, 2022

You can still claim an employee retention credit (ERC) if you own a small business and had to partially or fully close because of COVID-19. Your business can claim a maximum credit of 50% of the wages paid to staff in 2020 and 70% in 2021. No account yet? Bookmark( 0 ) Please login to bookmark. Remember Me.

Retention 59

Retention Cash Flow Onboarding Government 59

Harvard Business Review

SEPTEMBER 16, 2014

And limited credit is in part caused by the difficulty of predicting which small businesses will and won’t succeed. In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application.

Small Business 15

Small Business Cash Flow Banking Metrics 15

Zenefits

SEPTEMBER 7, 2022

One of the 1st considerations all HR managers and small business owners need to consider is the limitations of remote work. Businesses were concerned about cash flow and immediate solutions to lockdowns. No account yet? First: How remote does your company want “remote” to be? In fact, 66.5%

Cash Flow 59

Cash Flow Onboarding Real Estate Benefits 59

Monday Task Management

MARCH 15, 2022

But creating a profit and loss statement is a challenge — especially if you’re running a small team without a full-time accountant. You can then customize those rows and drop in your own data to quickly create a suitable P&L statement for your business. Completing a profit and loss statement can be a mammoth undertaking.

Revenue 52

Revenue Cash Flow Variable Costs Operations 52

Chris LoCutro

MARCH 5, 2024

And that is this whole idea of this quiet battle that leaders go through especially small business owners, and that is this whole thing of being isolated, and feeling isolated. And you're sitting there, maybe you're in an unhealthy place cashflow wise, within your business. And we need to move that stuff forward.

Small Business 59

Small Business Operations Accounts Energy 59

Harvard Business Review

NOVEMBER 23, 2010

His business had collapsed. He started very well, but as soon as his cash flow improved, financial burdens from family systems stifled his operations. As more people depended on him, he spent his working capital, and the business failed. Lack of simple bookkeeping experience destroyed many of these businesses.

Cash Flow 15

Cash Flow Banking Nonprofit Operations 15

Harvard Business Review

JUNE 28, 2016

Owners of small businesses can set their own hours, make their own management decisions, and take pride in the ownership of their work. So, the remaining question about being a small firm CEO is the monetary reward; if the money is nearly the same, then the compensation as a small business CEO dominates other careers.

Small Business 8

Small Business Cash Flow Compensation Banking 8

Harvard Business Review

NOVEMBER 23, 2010

His business had collapsed. He started very well, but as soon as his cash flow improved, financial burdens from family systems stifled his operations. As more people depended on him, he spent his working capital, and the business failed. Lack of simple bookkeeping experience destroyed many of these businesses.

Cash Flow 15

Cash Flow Telecommunications Banking Education 15

Harvard Business Review

SEPTEMBER 16, 2014

And limited credit is in part caused by the difficulty of predicting which small businesses will and won’t succeed. In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application.

Small Business 8

Small Business Cash Flow Banking Metrics 8

Harvard Business Review

JULY 13, 2015

If your small business owes $2,736 to debtors and has $2,457 in shareholder equity, the debt-to-equity ratio is: (Note that the ratio isn’t usually expressed as a percentage.). They want to know, says Knight, “Does the company have the ability to develop revenue, profit, and cash flow to cover expenses?”

Accounts Payable 15

Accounts Payable Balance Sheet Cash Flow Accounts 15

Harvard Business Review

MARCH 23, 2015

Most finance managers in both large and small businesses encounter numerous proposals for capital investments and many of the people proposing these investments don’t have a clear picture of what the return will be. Finance & Accounting Tool. Finance & Accounting Influence' Here’s why. Excerpted from.

Cash Flow 15

Cash Flow ROI Manager Accounts 15

Harvard Business Review

APRIL 26, 2017

Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet. To the extent that banks have digitized, they have focused on the most routine customer transactions, like online access to bank accounts and remote deposits. Other sectors of retail lending have not fared much better.

Banking 16

Banking Small Business User Experience Cash Flow 16

Chris LoCutro

SEPTEMBER 12, 2023

This business is teaching you a lot of my mistakes, a lot of the dumb that I've done, right of having made stupid decisions, having put myself in bad situations, and leveraging myself in bad ways. So when you walk into a bank asking for money for your small business, who are they going to ask for a signature?

Real Estate 64

Real Estate Assets Cash Flow Travel 64

Harvard Business Review

NOVEMBER 23, 2016

Small businesses and young businesses are especially vulnerable. Census Bureau shows that these businesses were more likely than the average business to close permanently after Hurricane Katrina, for example. they account for 50% of employment and 45% of GDP. Data from the U.S. In the U.S.,

Insurance 15

Insurance Risk Management Small Business Cash Flow 15

Harvard Business Review

SEPTEMBER 12, 2013

Today, the belief among ordinary account holders that banks are there to serve us has all but disappeared. Where once they were regarded as pillars of the community, banks are increasingly seen as the unpalatable face of big business. The two facts do not add up. My research suggests that there is a viable alternative to local banks.

Banking 15

Banking Cash Flow Small Business Accounts 15

Harvard Business Review

SEPTEMBER 12, 2013

Today, the belief among ordinary account holders that banks are there to serve us has all but disappeared. Where once they were regarded as pillars of the community, banks are increasingly seen as the unpalatable face of big business. The two facts do not add up. My research suggests that there is a viable alternative to local banks.

Banking 14

Banking Cash Flow Small Business Accounts 14

Harvard Business Review

MARCH 31, 2015

Home Depot ’s hack, compromised 65 million customer credit and debit card accounts. bank in assets, JP Morgan Chase , announced that in August, hackers had accessed its security system and that approximately seven million small businesses and 76 million households had been affected by a data breach.

Balance Sheet 15

Balance Sheet Cash Flow Banking Assets 15

Harvard Business Review

FEBRUARY 2, 2015

For the social network companies, it didn’t take long to realize that the latter form of value creation should be the real focus of their business models. Early ventures like MySpace primarily focused on the social activity among their account holders, working to provide better tools to help them manage their relationships.

Cash Flow 15

Cash Flow Software SaaS User Experience 15

Peter Winick

NOVEMBER 14, 2022

You’re going to, you know, in the case of onramp, you’re going to help more small business owners be sustainable and reach escape velocity with your working capital solutions. Because I promise you, when people hear SMB and working capital and accounting, nobody gets excited. Eric Youngstrom But they run a business.

Sales 242

Sales Sales Small Business Marketing 242

Harvard Business Review

MARCH 26, 2015

CROs can increase market share among underserved customers, such as small business owners and the “unbanked” (i.e., those without bank accounts), by adopting the more dynamic “customer life cycle” view.

Risk Management 15

Risk Management Cash Flow Marketing Telecommunications 15

Harvard Business Review

MARCH 31, 2017

Even if you don’t need to know a lot about finance to do your day-to-day job, the more conversant you are on the subject, the better off you’ll be, according to Richard Ruback, a professor at Harvard Business School and the coauthor of the HBR Guide to Buying a Small Business. “It’s not that complicated.”

Balance Sheet 16

Balance Sheet Metrics Revenue Cash Flow 16

Harvard Business Review

SEPTEMBER 14, 2017

Research shows that abnormal weather disrupts the operating and financial performance of 70% of businesses worldwide. When weather conditions are on average adverse over days, weeks, or entire seasons, shortfalls in sales cause reduced cash flows and can lead to financial distress and business failure. alone, or 3.5%

Cash Flow 9

Cash Flow Risk Management Sales Sales 9

Zenefits

JULY 27, 2022

As your small business continues to scale, cash flow transparency and accounting efficiency become harder to maintain. That low-cost or free accounting software you started with 2 or 3 years ago might now be causing bottlenecks. Long accounts receivable, or payment, wait times. No accounting strategy.

Accounts 52

Accounts Accounts Payable Cash Flow Software 52

BCW Institute

MAY 2, 2022

And what I saw in the last couple years of my career was working with small-business owners in the computer-dealership network was very rewarding. He based his work off of another open source from Verne Harnish, The Rockefeller Habits , where Verne had those six, but he also had strategy and profits and cash flow.

Operations 52

Operations Cash Flow Nonprofit Manager 52

Chris LoCutro

NOVEMBER 14, 2023

Because a lot of people will push back and say, whoa, whoa, it actually gives me the ability to do things and more things than I could with maybe my normal cash flow. Did any small business owners plan that I'm sure people other people planned it? You would have had something in your bank account?

Benefits 64

Benefits Banking Marketing Operations 64

Harvard Business Review

OCTOBER 14, 2015

Another report acknowledges that a new system, with improved information capabilities, could bring businesses $10 to $40 billion in efficiencies annually—just by better streamlining account receivables and payables operations. Ultimately, a faster economy is inevitable.

Cash Flow 15

Cash Flow Accounts Government Banking 15

Harvard Business Review

MAY 1, 2017

The administration’s recent announcement is also good news because it appears to be turning away from the more radical business tax reform envisaged in the Brady-Ryan plan. As such, it falls prey to the ridiculous rhetoric that excessively valorizes “small businesses” and equates small businesses with pass-throughs.

Cash Flow 9

Cash Flow Administration Revenue Small Business 9