Kevin Hammond's Page

There is a common misperception that only very large companies are capable of innovation. If you are small, there is just no way to be innovative. It’s too expensive, it’s too risky and it takes a lot of people. The truth, however, is that you got where you are today – an entrepreneur or small business owner – through creativity, risk-taking, team building…

One of the most asked and basic questions I have gotten over the years as a business consultant goes something like this: ‘How do I get my business set up and get all the licenses I need?’ That question is often followed up with a concern about taxes or payroll and the perceived difficulty in doing all of this. Since the regulations to set up and maintain a business are set by local, state and federal legislation, there is a perceived challenge is assuring compliance. After all, few people…

You surely have thought of new product ideas that stem from your everyday life. “My idea is the perfect solution for that problem,” you say to yourself. We all have ideas all the time for new products and better solutions than existing products offer. But few people act on those thoughts. Maybe it’s because you think it will be too hard or someone else must of thought of this before. Well, you are right: it will be hard, and someone may have thought of it already. But I’ve heard it said that…

A continuous theme I hear from small company operators is a misunderstanding of their current financial picture. It’s understandable. Your focus is on driving sales and improving your company’s secret sauce. As long as there is money in the bank account and sales coming in, financials take a back seat.

One favorite pastime of mine is financial planning and analyzing financials, whether it be personal finances or companies. Since I enjoy this so much (yea, I know right) and have…