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Continue reading →: Debits and Credits Explained for Small Business OwnersDebits and credits record changes in your business accounts. A debit goes on the left. A credit goes on the right. Whether either one raises or lowers a balance depends on the account. That is why paying rent creates a debit to an expense, while taking out a loan creates…
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Continue reading →: Term Loan vs Line of Credit for Small BusinessA term loan gives your business one lump sum. A line of credit gives it a reusable borrowing limit. That is the core difference in the term loan vs. line of credit decision. A term loan fits a known, long-term cost. A line of credit fits short-term needs that rise…
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Continue reading →: LOI vs. Term Sheet – What’s the Big Difference?An LOI (letter of intent) and a term sheet both outline deal terms before the final contracts are written. They are not the same paper. They show up in different deals, at different times, and in different formats. LOI vs. Term Sheet at a Glance An LOI is a letter.…
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Continue reading →: Most Common Small Businesses in the USThe most common small businesses in the US are professional service firms, transportation businesses, local service shops, construction firms, and real estate businesses. That may surprise anyone picturing a restaurant or store. Those businesses are easy to see. They are not the biggest groups by business count. The United States…
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Continue reading →: When a Small Business Coach Makes Sense If You Do Not Have a BoardI used to think business coaching was a soft expense. Good operators already had customers, a P&L, and more opinions than they needed. Paying someone to talk through the week did not sound useful. That view was not baseless. Some coaching is vague. Some coaches sell motivation instead of judgment.…
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Continue reading →: Key Person Insurance for Small Business What It Covers and CostsMost small businesses insure the building, inventory, and vehicles. They may leave the person who makes those assets useful uninsured. Key person insurance fills that gap. The company buys life insurance on an owner or employee whose death would hurt sales, operations, financing, or the value of the business. If…
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Continue reading →: What Is a Fractional CFO? Cost, Role, and When to Hire OneMost growing companies need senior finance work before they need a full-time finance executive. Hire the function, not the seat. I have sat on both sides of this hire. I have been the operator who needed more finance horsepower than I could justify on payroll. I have also been the…
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Continue reading →: Taxes on Selling a House in 2026Selling the house does not mean the IRS sits this one out. Most owners focus on the sale price. The tax return focuses on the gain. Those are not the same number. You may be able to exclude up to $250,000 of gain, or up to $500,000 on a joint…
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Continue reading →: What Is a Dividend Recap? A Simple Guide for Business OwnersA dividend recap lets owners take cash out without selling the company. The trade is simple: cash now, more debt for the business. A dividend recap, short for dividend recapitalization, is a way for owners to pull cash out of a business without selling it. The company borrows money and…
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Continue reading →: The Best Email Marketing Tools for Small Business in 2026I have spent most of my career building direct-to-consumer businesses. Paid ads get more attention, but email brings customers back without making you buy the same click twice. You control the list, not the inbox. A bad list can hurt delivery. The tool matters, but the quality of your list…
