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Maximizing Profit

At the end of the day, most businesses exist to turn a profit no matter what their core concept is. To that extent, it makes great sense to focus on Maximizing Profit. However, many small business owners confuse profit and revenue. Let's clarify that right away. Revenue is ALL the income a business generates from its sales, services, etc. Profit is revenue LESS expenses, taxes, operating costs, unit costs and so on.

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The Social Media Divorce

Updated 1/6/23 Small Business and Big Social Media The simple reality is, there simply are not enough hours in a day to manage your business AND be your own online...

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Alternative Lending and Your Business

The Main Street Credit Gap and You Are you familiar with the “Main Street Credit Gap”? Chances are that you, as a small business owner, are familiar with the concept...

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Have You Hugged Your Banker Lately?

Can You Live Without a Bank? While the hatred of financial institutions is rather en-vogue, the simple truth is that banks, banking, and bankers play a very important role for...

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Hacking Startup Culture

Hacking Startup Culture The other day I got a phone call from a small business owner lamenting the lack of resources available to help them get started. I found this...

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Don’t Get Screwed – Managing Website Vendors

THE SALES PITCH Have you ever built a website before? Most small businesses lack the technical ‘know-how’ or time to establish a strong online presence. As such, small businesses outsource...

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S.M.A.R.T. Goals are Smart to Have

Many of our blog articles are devoted to contracts and attempt to help educate our small business clients and prospective clients on the issues of contract law, as it pertains...

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Trust in Business: As Important as Cash (almost)

If you think about it, it’s pretty obvious: Trust is everything. Without it, your marriage cannot stand. Business partnerships wither and die. Customers flee. Stephen M.R. Covey, wrote a fantastic...

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Verifying Attorney Authenticity

Within the last few months here at L4SB, several of our clients have encountered an alarming issue—that is being able to locate a reliable and authentic attorney. They delve into...