Latest POSTs
Searching for a Bank that Understands Entrepreneurs

It’s been a long, difficult search with lots of twists and turns and more than a little hair-pulling, but I think I’ve found the right bank.

Tough Times Can Bring Big Opportunities

Yes, the economy has been scary and unsettling, but the way you respond can change the direction of your business.

As the Covid Cash Runs Out, Entrepreneurs Confront a Hard, New Reality

If we have been living off of Covid cash—whether directly or as the result of government funding going to clients and customers—what is our plan going forward?

The SBA Has a Branding Problem

Heard its programs aren’t worth the trouble? Your friend's SBA experience might not be your experience.

When Your Line of Credit Is Maxed Out

When looking to invest money in your business, your line of credit may look tempting because it’s so easy to access. But that can be a mistake.

Never miss a 21 Hats Podcast episode
Why Does It Take a Crisis to Spur Action?

We’re finally addressing some issues we should have addressed a long time ago

I Don't Like the Red Flags I'm Seeing

When we try to help businesses with their capital needs, we review their profit-and-loss statements. These days, around half of the statements we see are down compared to last year.

We Can’t Just Do The Things We’re Already Good At

On the one hand, I want us to do more of what we're good at. And on the other hand, I don't want all our eggs in one basket. A wise friend often asks me the question: “What could bring your business to its knees?” 

When to Use Term Debt vs. Revolving Debt

We’ve met clients who have shared a few cautionary tales that highlight what’s at stake when you use the wrong kind of debt.

Game Changer

No, business is not a game, but in this Q&A, Steve Baker explains why it can help to think of it that way.

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