Vicinity Views

Happy Thanksgiving! Food, fellowship, football. There are so many reasons to enjoy your Thanksgiving feast. But what about that window of time after you’ve taken your seat, plated your food, and Mom makes you turn off the TV? Sure, you can make the rounds of “what are you thankful for”, but what then?

Let’s talk some trash. No, not figuratively. Trash is an everyday part of our lives, but how much do you really think about this dirty topic? Can you think of a day that goes by where you don’t throw something away? At the same time, when is the last time you’ve had an in-depth conversation…

Pride of place. It’s one of those phrases that sounds familiar, but you’re not sure why. What place are we talking about? Are there lions involved? While it’s not the catchiest phrase, it captures a concept I believe will define our microinvesting-fueled funding revolution.

Not to start out the insight on a down note, (or a bang?) but I want to emphasize the critical importance in business of this little thing we call the burn rate. So what is it and why does it matter?

70% of small businesses are worried about financial hardship because of prolonged closures and 58% worry about permanently closing. Raising capital is the #1 problem for SMBs, according to a survey by Guidant Financial. Since raising capital is kinda our thing, we’ll start our survival guide there.

As promised last week, we’re coming back to visit the success metric of profit margin. Profit margin is a very common ratio used to assess how much money an organization or an activity generates. Often displayed as a percentage, it represents how much of a company’s sales turn into profits.

As promised last week, we’re coming back to visit the success metric of profit margin. Profit margin is a very common ratio used to assess how much money an organization or an activity generates. Often displayed as a percentage, it represents how much of a company’s sales turn into profits.

Imagine, for a second, an ultra-successful CEO who walks around barefoot and preaches on the “power of we.” Are we talking about a cult leader? Nope, this Barefoot Prophet is the CEO of a coworking business, which experiences extraordinary growth.

Instead of worrying about your intellectual status, adopt the approach of asking a lot of questions. And while the only dumb question might be the one you don’t ask, asking the right questions about your investments can make things a little easier.

What do you think when you hear the word legacy? Your children, your business, Legacy Federal Credit Union? It’s ok, me too. “Legacy” gets thrown out a lot this time of year. It’s usually followed closely by “tradition” or “history”.