Recent Articles

External Risks

All external risks are considered uncontrollable or limited in control by the owner of a small business. These include regulatory issues such as changes in the law or in compliance requirements for your business.

What Startup Owners Can Learn from Expert Traders

08/05/2017

When it comes to managing a successful business, expert traders can teach entrepreneurs a thing or two about how to gain from a competitive market. It may not be too obvious, but trading and entrepreneurship have much in common. In fact, some of the [...]

Vertical Integration in Business

12/20/2014

Vertical integration in business refers to the process of gaining control over more steps of the product production stream.  Whenever a business obtains or can greatly influence any one of these steps along the process of producing and selling a [...]

Internal Rate of Return (IRR)

09/16/2014

Internal Rate of Return or IRR is the value rate earned on investment made by the company with its working capital.  In the small business world, this form of financial investment evaluation has little to no value.  Allow me to restate this: [...]

How Much is a Fair Profit? Part III of V – Risk

03/31/2013

A third factor in determining a fair profit percentage is risk.  Risk is divided into two types.  The first is insurable and the second is uninsurable risks.  Insurable risks are mitigated and have very little to no effect on the profit formula [...]