Charles Bodenstab


Should two small companies share manufacturing space?

Offices & Operations mentor Charles J. Bodenstab responds to the following question from an inc.com user: Is it a good idea to ...  Read story

Succession;

Many company owners would sooner sell the business than set up an outside board, but what about one composed almost entirely of your heirs? At Battery &a...  Read story

Credit;

To monitor a company's creditworthiness, lenders like to see periodic operating statements, which usually come in the form of a no-frills computer printou...  Read story

Hitting Your Numbers

Whether you win or lose in business may depend on how you read the numbers. Here's a way to make them work for you  Read story

Quote Of The Month;

"There's an adage I always keep in mind: If you've got a choice between brilliance, luck, and timing, take timing first, luck second, and brilliance third...  Read story

Borrowing Without a Bank

Borrowing capital from family, friends, employees.  Read story

Three Steps to Borrowing from Family or Friends

Keeping the relationship professional is the key to successful borrowing from close acquaintances.  Read story

What questions should I ask contractors before agreeing to outsource work to them?

Offices & Operations mentor Charles Bodenstab responds to the following question from an inc.com user: I am the president of a ...  Read story

How can I establish the creditworthiness of a company that's a prospective customer?

Offices & Operations mentor Charles J. Bodenstab responds: A credit report on the potential customer is a good starting point, but I...  Read story

How should I evaluate potential suppliers?

Offices & Operations mentor Charles J. Bodenstab responds: I suggest your first step be the firm establishment of the key parameters...  Read story

Should I track weekly sales data or will monthly data be enough?

Offices & Operations mentor Charles Bodenstab responds: The answer to this question is directly related to the nature of your busine...  Read story

In The Beginning

There is a very simple reason why Charles J. Bodenstab misses the excitement and glamour of a Fortune 500 company ("What I Miss About the Fortune 500," Ex...  Read story

How do I turn around a sick company?

Offices & Operations mentor Charles Bodenstab responds: Obviously there is no quick answer to this problem since it depends on how...  Read story

I'm not seeking outside investors. Should I bother with a business plan if a bank doesn't demand it?

Offices & Operations mentor Charles J. Bodenstab responds: Every small business should make a business plan, although a plan that ...  Read story

How Fast Should My Inventory Turn?

The quicker inventory turns, the less cash you tie up.  Read story

What can I do if my customers are taking too long to pay?

Offices & Operations mentor Charles J. Bodenstab responds: There is no magical answer to this classic lament. An article I once wr...  Read story

The Fine Art of Writing a Business Plan

Bankers and investors are quick to complain that most business plans they get from hopeful entrepreneurs aren't worth the paper they're written on. Too ma...  Read story

Getting Paid

Unfortunately, sending an invoice doesn't always result in getting paid. If you're having trouble with slow-paying or nonpaying customers, you need to dev...  Read story

Getting Paid

Unfortunately, sending an invoice doesn't always result in getting paid. If you're having trouble with slow-paying or nonpaying customers, you need to dev...  Read story

Getting Paid

Unfortunately, sending an invoice doesn't always result in getting paid. If you're having trouble with slow-paying or nonpaying customers, you need to dev...  Read story

The Receivables Challenge

What to do if your customers are taking too long to pay their bills.  Read story

Surprise! Surprise!

Advice on dealing with inventory shortfalls.  Read story

How to Monitor Customers' Payments

Various sources for verifying customer credit histories.  Read story

Keeping Tabs On Your Company

How to track the vital signs of your business' overall health.  Read story

Six Ways to Position Your Company for Success

What do you think the most important trend affecting small business will be? How best can owners position their companies to take advantage of it? We pose...  Read story

Directional Signals

Why your company should have an annual business plan.  Read story

The New American Start-up

Profile of a new-type entrepreneur and the beginnings of her children's food company.  Read story

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