The old expression that ‘the only constant is change’ is germane to both living organisms and companies. Each continuously goes through changes, whether they be incremental or fundamental. In business situations, we call the process of encouraging, directing, or...
The sudden closure of Silicon Valley Bank (SVB) could have brought about a number of nightmare scenarios for the small to medium-sized enterprises (SME) that counted on them. Not being able to meet payroll threatening the viability of the companies being just one...
There’s an old expression about closing the barn door after the horses have run out that some believe is analogous to the downfall of Silicon Valley Bank. Theirs is a cautionary tale about the importance of balance sheets and reviewing potential areas of exposure before it’s too late.
These are interesting economic times, with a variety of challenges facing small and medium-sized businesses. There are, however, also opportunities for entrepreneurs best suited to pivot and take advantage of complex and adverse circumstances.
One person’s ceiling is another person’s floor, the old expression.
Many startup entrepreneurs begin by bootstrapping and utilizing their personal finances to fund their businesses. As they continue to develop their products or services and expenses start to add up, there comes a point at which they strongly consider – 1....