Rosalind Resnick is a New York-based freelance writer, entrepreneur, investor and author of The Vest Pocket Consultant's Secrets of Small Business Success.
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•Do you know how much money you make on every sale? •Do you have “people costs” you need to cover? •Do you need to pay to bring business in the door? The bottom line:
The customer who pays late because he’s angry. 2. The customer who pays late because he doesn’t think your invoice is a priority. 3. The customer who pays late because he doesn’t have the money.
Will you still have enough capital and cash flow to run your business once you’ve handed over the down payment and started paying your mortgage? If you or your spouse has to relocate within the next five years, will you be able to rent out your house for enough to cover your mortgage payments? Can […]
Despitethe potshots I often take at self-help business books, the truth is that Imyself am a business book junkie and have been for as long as I can remember.If I’ve got 15 minutes in the airport between planes, you can probably find me in the airport book store looking for the next hot read. Hereare […]
As a consultant, I often meet with inventors who’ve created–and sometimes even patented–an innovative product that has the potential to take the marketplace by storm. The problem: It takes more than just ingenuity to get a product onto retailers’ shelves and into the homes of millions of American consumers. It takes money, marketing and distribution–and […]
On the flight back from Tokyo last week, I struck up a conversation with an Asian-American entrepreneur whose company supplies fresh fish to some of the top Japanese restaurants in New York City. Founded by his father back in the 1970s, the business has thrived by selling top-quality tuna, salmon and other imported and domestic […]
Last month, my daughters and I embarked on a 12-day tripthrough Japan that took us to Tokyo, Kyoto and Osaka. We returned withsuitcases full of presents, a smattering of Japanese phrases and a deeper understandingof Japanese hospitality and culture. One of the highlights of our trip was our four-night stay atKinmata, a traditional ryokan (bedand […]
As every entrepreneur knows, the toughest part of selling your deal isn’t making the pitch. It’s getting in the door to meet with investors in the first place. So it makes sense that, over the years, an entire industry has sprung up to connect cash-hungry startups and early-stage ventures with angel investors and venture capitalists […]
As a consultant to start-ups and early-stage companies, I see a lot of business plans. Often, these plans are written by entrepreneurs with great ideas and promising products but only a vague idea of the size of the market or how many middlemen they’re going to have to cut in along the way. As a […]
With summer jobs in short supply, it’s tempting for entrepreneurial parents like us to encourage our kids to do what we’ve done — start a business and make some money. After all, doesn’t the saga of every successful entrepreneur begin with a smiling youngster at the side of the road with a pitcher of lemonade […]