Each month, we’re sharing and promoting free or affordable events that help small business owners run their businesses better. This is your monthly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events in August.

Each month, we’re sharing and promoting the free or affordable events that help small business owners run their businesses better. This is your monthly calendar for in-person events in Northern and Southern California and virtual events. Here are the best upcoming events in August.

Northern California/Bay Area

Financing your Small Business Workshop

Date: August 3, 2016 | 9:00 am PDT – 11:00 am PDT

Location: Veterans Business Outreach Center
4608 Duckhorn Drive Sacramento, CA 95834 (map it)

Contact: (916) 527-8400

Organization: Veterans Business Outreach Center

Fee: Free

This class reviews potential sources of capital to start, operate, and expand a small business. You will learn how to prepare for applying for a small business loan plus sources with expert help to guide you through the process. The class will also include insight into the most important conditions to a lender’s decision to approve or decline a loan request. The seminar will also cover how banks and other lenders operate with the impact of the current recession on their lending programs and how it all affects your ability to obtaining financing.

Click here for more information about this event.

Legal Issues for Small Businesses

Date: August 11, 2016 | 6:00 pm PDT – 9:00 pm PDT

Location: 234 E. Gish Road, Suite 100 San Jose, CA 95112  (map it)

Contact: (408) 453-6237 | info@svscore.org

Organization: Silicon Valley SCORE

Fee: $45 – Veterans can access a FREE promo code for the class here

This small business legal seminar is designed for startups as well as those already in business. When your business changes and grows, you must be prepared to respond to those changes. This is a unique seminar for business owner concerned about tricky legal issues when starting and managing a business. Key topics include how to choose of the type of legal business entity, protecting your identity, business contracts and leases, and many more legal issues that small businesses encounter every day.

Click here to register for this event.

Financial Analysis for Small Businesses

Date: August 18, 2016 | 1:30 pm PDT – 3:30 pm PDT

Location: 455 Market St 6th Floor San Francisco, CA 94105  (map it)

Contact: Angel Cardoz (415) 937-7232 or angel.cardoz@sfgov.org

Organization: San Francisco SBDC

Fee: Free

This workshop will cover different financial analysis methods. You will learn how to analyze your profit and loss report and how budgeting and cash flow forecasting can be used to track and project future monthly cash needs. Small business owners will learn how to use these reports to identify areas where they can increase their profits and business performance plus improve their cash flow management skills.

Click here to register for this event.

Southern California

Develop a Winning Business Plan

Date: August 9, 2016 | 6:00 pm PDT – 8:45 pm PDT

Location: Newport Beach Public Library Friends Room
1000 Avocado Avenue Newport Beach, CA 92660 (map it)

Contact: workshops@score114.org

Organization: Orange County SCORE

Fee: Free

A Business Plan is an important document for raising capital, helping you to monitor progress, and achieving your goals. When done correctly, it is a “living” document and tool that will help you manage the business beyond the start-up phase. We will help you prepare a realistic plan that will document your vision, goals, and strategy. No business should be started or maintained without a business plan.  You will learn the three financial statements and how they relate to risk and performance, taking the mystery out of forecasting. Pre-registration is recommended.

Click here to register for this event.

Why Do Small Businesses Need an Accountant?

Date: August 17, 2016 | 6:00 pm – 8:30 pm PDT

Location: Rancho Santiago Community College District
2323 N. Broadway, Room 107 Santa Ana, CA 92706 (map it)

Contact: David Calderon (714) 564-5200 | calderon_david@rsccd.edu

Organization: Orange County SBDC

Fee: Free

This interactive workshop led by CPA professionals from Mendoza & McDuffie, LLP will cover the basics of what small business owners need to know about accounting for their business. Get answers on why you need an accountant/CPA for the different phases of your business, which areas of expertise you need at each phase of your business, how to select an accountant/CPA, and more.

Click here to register for this event.

Loans for Your Small Business

Date: August 23, 2016 | 9:00 am – 12:00 pm PDT

Location: Menifee Chamber of Commerce – Upstairs Conference Room
29737 New Hub Drive Menifee, CA 92586 (map it)

Contact: Mary Takavorian (909) 983-0751 | Mtakavorian@iesmallbusiness.com

Organization: Santa Ana District SBDC

Fee: Free

Business owners have many options for securing capital for the business needs. Opportunity Fund Director of Microlending Daniel Fernandez and Carla Ulloa, CDC Small Business Finance, shed light on how business lending is changing and how not all lenders are playing by the rules. The seminar will provide information on Micro Loans under $50,000, how to identify the right type of loan for your type of business, and lending practices to be aware of so that you can be sure to avoid them. ADDED BONUS: If you are interested in getting pre-screened for a micro-loan, please bring supporting documentation to the event. You can access a list of the documents here.

To get more information about this event or to register, click here.

Virtual

5 Strategies to Boost Your Business Networking Skills

Date: August 10, 2016 | 10:30 am PDT – 11:15 am PDT

Location: Online – Webinar

Contact: Larry Batten (304) 623-7447 | larry.batten@sba.gov

Organization: U.S. Small Business Administration and SCORE Association

Fee: Free

Business networking is more than bumping into a potential customer.  This webinar will introduce you to 5 fundamental strategies that will kick start your ability to target and grow your client base.  Learn tips on building business relations, maximizing networking events, effective communications skills, and using social media.

Click here to register for this event.

Getting a Bank Loan: Fact v. Fiction

Date: August 19, 2016 | 8:30 am PDT – 9:00 am PDT

Location: Online – Webinar

Contact: Kimberly Donahue (304) 347-5220 | kimberly.donahue@sba.gov

Organization: U.S. Small Business Administration and SCORE Association

Fee: Free

What are the keys to walking into a bank and walking out with a business loan? SBA’s Leo Lopez, a former loan officer, breaks through the myths and tells you how to make the lender say “Yes” in this online seminar.

Click here to register for this event.

The Business Plan and Strategic Planning Webinar

Date: August 25, 2016 | 9:00 am PDT – 1:30 pm PDT

Location: Online – Webinar

Contact: (916) 527-8400 | admin@vbocix.org

Organization:  Veterans Business Outreach Center

Fee: Free

This online seminar can help small business owners understand how to write a viable business plan. The workshop discusses key components of developing and usage of a business plan. Topic matter includes executive summary, marketing strategy, financial strategy, competitive comparison, financial management, legal structure, tools to forecast business needs, cash management, and much more.

Click here to register for this event.

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We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $37M in loans to help more than 1,800 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook  and Twitter

Facebook is a powerful tool for small business. Our content partner Nav shares a post on how to get the most out of the popular social media platform with a few easy pointers.

Facebook is a powerful tool for small business. Our content partner Nav shares a post on how to get the most out of the popular social media platform with a few easy pointers.

Twitter is a popular platform, but Facebook is the social media site that pushed the envelope on making social media a large part of many consumers’ lives. Find out how you can use the site and its marketing tools to attract and convert new customers.

As of June 2014, the site has 829 million daily active users, and 654 million of those users access their Facebook profiles via a mobile device, according to company data. With the site netting a large share of the market – especially after it acquired Instagram and the photo-sharing site’s unique users – you can maximize your business’s branding strategy if you take advantage of Facebook’s marketing tools. 

Utilizing a business page

Facebook has pages devoted to business uses. These pages are free to set up and customize. You can use the profile image and banner features to post logos and other brand images to the page.

The feature also allows for status updates, including text, link, video and image posts. If you have a new sale flyer, for instance, you can post it on the page to inform your customers.

One of the key functions on a business page is the free analytics tool known as “Page Insights.” You can see how many Facebook users are subscribed to the page, view charts and graphs tracking that data and see which posts had the most engagement. This information is also displayed below the page’s posts, including how many people see them and how many interact with them.

If you use Facebook’s advertising services, which come at a price and post targeted ads on users’ profiles, you can track how well your ad campaigns are performing using Page Insights.

Effectively using Facebook for branding

Facebook provides many avenues for a business to engage users. Here are some tips to use the platform to your advantage:

1. Give subscribers information. Facebook allows you to list a lot of details about your business, including location, hours and website information. Provide this data so users can find other ways to engage with your business.

2. Engage subscribers. Users may ask questions or post comments about your business on the page. Don’t leave these messages unanswered.

3. Post interesting and relevant content. If you own a business of electrical contractors, a video of a cat playing the piano may not be best for your brand image. While it is important to post often, ensure your content relates to your business. Use Page Insights to get ideas about which posts are performing well with your audience.

As with any customer-facing materials you put out, remember that it’s a reflection of your business. This comes with two caveats:

1. Don’t be afraid to let people in and show off your business’s personality. Do you throw fun events at work or take part in charitable giving? Take some action shots and have a good time with it.

2. That being said, you do want to protect your business’s reputation. Don’t put out any potentially offensive material. Generally, it’s better to err on the side of caution here.

Potential customers, the competition, suppliers and others can pull your business credit reports without your permission or knowledge to get a “true” look at how things are managed. Make sure you always know what they’ll be seeing.

This article originally appeared on Nav.com and was re-purposed with their permission.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $37M in loans to help more than 1,800 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online and follow us on Facebook and Twitter

Each month, we’re sharing and promoting free or affordable events that help small business owners run their businesses better. This is your monthly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events in July.

Each month, we’re sharing and promoting the free or affordable events that help small business owners run their businesses better. This is your monthly calendar for in-person and virtual events in Northern and Southern California. Here are the best upcoming events in July.

Northern California/Bay Area

Build Your Business: Writing Your Best Business Plan

Date: July 12, 2016 | 2:00 pm PDT – 5:00 pm PDT

Location: Santa Cruz Civic Auditorium, Tony Hill ABC Room
307 Church St. Santa Cruz, CA 95060 (map it)

Contact: (831) 479-6136

Organization: Santa Cruz SBDC

Fee: Free

This seminar will help you identify the most appropriate business planning format for starting or expanding a business, marketing basics, and a strategic plan to put your business on the road to success. Learn how to establish realistic goals and objectives, determine costs, and get solutions for financing your business.

Click here for more information about this event.

Small Business Boot Camp

Date: July 20, 2016 | 8:30 am PDT – 5:00 pm PDT

Location: 234 E. Gish Road, Suite 100 San Jose, CA 95112  (map it)

Contact: (408) 453-6237 or info@svscore.org

Organization: Silicon Valley SCORE

Fee: $90 – Veterans can access a FREE promo code for the class here

Let’s get down to business! This full-day workshop provides an overview of all the important aspects required to ensure control and success in business. Attendees will hear from a variety of SCORE and outside business professionals. Topics included in this workshop: the business plan, business law, access to capital, and more. This monthly event will also be held August 17 and September 17.

Click here to register for this event.

Southern California

Get Your Business Online: WordPress 101

Date: July 14, 2016 | 5:30 pm PDT – 7:30 pm PDT

Location: El Camino College Business Training Center
13430 Hawthorne Blvd. Hawthorne, CA 90250 (map it)

Contact: Martha Cisneros (310) 973-3177

Organization: South Bay SBDC

Fee: $10

Having a website online is as important as having an ‘Open for Business’ sign on your front door because it notifies the public that you have a product or service that potentially meets their needs. With WordPress it is possible to have an effective and optimized website that is easy to use and update. WordPress is an effective content management system that is used to run everything from simple blogs to CNN.com. With WordPress currently running over 75 million websites, come learn the basics about WordPress, Themes, and Plugins for your business.

Click here to register for this event.

The Art and Science of Creating a Successful Business Plan

Date: July 21, 2016 | 6:00 pm – 8:30 pm PDT

Location: Norman P. Murray Center
24932 Veterans Way, Jacaranda A, Mission Viejo CA 92691 (map it)

Contact: David Calderon (714) 564-5200

Organization: Orange County SBDC

Fee: $25

It’s your journey…shouldn’t you create the map? Successful business planning leads to successful business results. Take the most important step and build your business solidly from the very beginning or use it to guide an existing enterprise. In this interactive workshop you will learn the foundation of creating a business plan that works for you.

Click here to register for this event.

Virtual

7 Things to Know Before You Go Into Business

Date: July 15, 2016 | 8:30 am PDT – 9:30 am PDT

Location: Online – Webinar

Contact: Kimberly Donahue (304) 347-5220 | kimberly.donahue@sba.gov

Organization: U.S. Small Business Administration and SCORE Association

Fee: Free

All small business owners want to build a successful business. Success rests on a solid foundation of knowledge. Join us to learn what you may not know. An experienced business team from SBA and IRS talk about legal organization, recordkeeping, hiring, financing choices, and no-cost resources available to you, wherever you live.   

Click here to register for this event.

Beyond the Business Card

Date: July 26, 2016 | 10:00 am PDT – 11:00 am PDT

Location: Online – Webinar

Contact: Amber Lopez (661) 632-5900 | sbdc@canyons.edu

Organization: Los Angeles Regional SBDC

Fee: Free

Relationships = New & Ongoing Business = Success!!! Are you relying on referrals and/or luck to grow your business? Are you meeting new contacts, but not able to take it to the next step? You made new contacts at a networking / social event and got business card(s), and/or you’ve added new connections via social media (such as LinkedIn or Facebook). Now what do you do? Developing and maintaining productive professional relationships with new contacts/connections as well as your existing clients and strategic partners is ESSENTIAL to your ongoing SUCCESS in gaining new clients and building your business! So often, one makes new connections, but doesn’t know how to cultivate new relationships and ultimately acquire new business.

Click here to register for this event.

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $37M in loans to help more than 1,800 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook  and Twitter

Often times, the most affordable small business loans require a small business to put up collateral. Our content partner Nav explains why collateral matters so much in small business lending and details what kind of collateral lenders consider.

Here on our blog, we share the most relevant and informative content for small business owners.  We’re proud to share this article from our partner Nav.com.

Bank loans are usually the least expensive way to finance a small business. However, it is not easy to get a bank loan as banks have strict standards for lending. As a general rule of thumb, it can be said that banks always demand the borrower to put up collateral for a loan. [Editor’s Note: It’s not explicitly mentioned here, but banks typically want the loan to be fully collateralized. Namely, if you are borrowing $100,000, you need to pledge $100,000 of collateral as appraised by the bank ] The only exception to this rule is for clients who have a long-term relationship with banks and whose business has proven to be profitable over a multi-year period.

So collateral is important for banks as it reduces their risk. If the business is not able to pay back the loan, a bank may decide to take ownership of the collateral that has been pledged to them. The documents that you sign when you got the loan will allow the banks to do this. Usually the banks will not take ownership of collateral when you miss an interest payment or one of two repayment installments but they will once the bank feels that their loan is at risk.

Banks in general prefer to have collateral that they can easily convert into cash such as deposits, cars and real estate. Their advance rates against these assets will be higher than against inventory or receivables, which are much harder to convert into cash.

Banks will make their own assessment on the value of collateral— the banks consider the fair market value of an asset which might be much different (often less!) from what the business owner has paid for it. Therefore, it might be wise to have an independent appraiser give you an estimate on the value of your asset prior to going to a bank.

The advance rate is not fixed and fluctuates depending on the asset. So how much would you be able to get?

Clearly the best collateral for a bank is a cash deposit or cash savings. They will advance between 95% – 100% on this form of collateral since it is a very low risk for a bank. The bank should be able to give you very favorable terms for a loan based upon cash collateral. The disadvantage for the business owner is that in case of a default it is very simple for a bank to take ownership of the cash. Moreover, you will not be able to use this cash as long as it serves as collateral for the banks.

Investments such as bonds or shares portfolios can also serve as collateral. Usually the advance rate is lower than for cash as the value of shares and bonds fluctuates. This form of collateral is only used by large banks as smaller banks lack the sophistication to value bonds / shares.

Probably the most commonly used form of collateral is real estate, either a residence or a commercial building. Advance rates vary greatly depending on the quality of the real estate, location and marketability. Before the recession, banks were eager to advance up to 100% of the value of a residence either through a first mortgage and/or a home equity loan. The crash of 2008 and 2009 made clear that the value of real estate can decrease quite rapidly, which resulted in large losses for the banks. Now, in general, banks are much more conservative and will advance up to 70-75% of the value through a mortgage. Through home equity loans you can increase this advance rate somewhat. The same advance rates basically apply for commercial real estate, although in this segment location is even more important, and banks will consider the credit quality of the tenants.

Cars are a good source for collateral. Credit unions have specialized in lending against cars and offer favorable terms. It is not uncommon that, for people with good credit ratings, a credit union will finance up to 100% of the value of the car at very(!) competitive rates.

Finally a very common form of collateral for small business is inventory and receivables. The advance rates on these assets vary greatly. With respect to receivables, banks will always exclude receivables older than 90 days and receivables to related parties such as the owner. Average advance rates of the eligible receivables will vary between 60% and 70%. With respect to inventory, banks are very conservative as they realize that they are usually not able to assess the value. Advance rates are around 50% – 60%, but could be even lower.

Documentation of the collateralized loan should not take that long as banks use standard documentation. What can take long is the appraisal of the underlying assets. Discuss this with your bank.

One last point: there is a relationship between the term of the loan and the underlying collateral. Short-term loans (less than 2 years) are usually covered by inventory/receivables and cash, medium-term loans (2 – 5 years) are covered by real estate or cars. Real estate is the best collateral for a long-term loan (> 5 years).

While talking to the banks about collateral, you have to keep in mind that the banks want you to have skin in the game. The first loss of a business should always be for the shareholder. Nevertheless, I encourage you to talk with banks or credit unions, as their rates are usually so much better than the rates of alternative lenders.

This article originally appeared on Nav.com and was re-purposed with their permission.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $37M in loans to help more than 1,800 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

Business owners are often asked to sign personal guarantees when they borrow or get terms from vendors for their business. It’s frustrating, but try not to take it (ahem) personally.

Here on our blog, we share the most relevant and informative content for small business owners.  We’re proud to share this article from our partner Nav.com.

Here’s what you need to know about personal guarantees from lenders and vendors:

Lenders and vendors often require personal guarantees (also known as “PGs”) from businesses that are young, as well as those that lack strong business credit scores and/or solid financials (such as sufficient income or cash flow). If you think about it from their perspective, they are taking a risk by providing goods or services without getting paid up front, and they know that business owners who provide personal guarantees are more likely to pay those bills.

Personal guarantees are not ideal, but are sometimes necessary. In the early stages of your business, you may have no choice but to agree to one. Note that just because you sign a PG does not mean the loan or account will automatically affect your personal credit reports or scores. Most commercial accounts do not appear on personal credit reports unless the borrower defaults. However, there may be an inquiry on one or more of your personal credit reports if the lender checks your credit. Inquiries have a small impact on credit scores–usually in the range of 4 to 7 points–and only affect personal credit scores for one year.

A personal guarantee means that you are personally responsible for the debt if your business does not pay it. For that reason, you do want to use them strategically and selectively. You should feel confident that your business can financially handle the debt. If you don’t, then it may be a sign you should look for other opportunities to grow your business. Business credit should help your business grow; it can’t save a business that is not going to make it anyway.

What You Can Do

Build strong business credit scores. This is the single best way to get away from personal guarantees. If you have not begun that process, get a free account with Nav and follow the steps outlined in the free Business Launcher tool available to all members.

If your business already has a strong commercial credit history, ask to speak with a credit manager and explain the situation. You may be able to get a waiver of the personal guarantee. You can check your business credit ratings for free at Nav.

If you do not want to provide a personal guarantee, be sure to check the lender or vendor’s credit policy before you apply. The credit application will usually indicate if one is required. If it’s not clear, ask.

Don’t shotgun your applications to multiple lenders in hopes of finding one that won’t request a PG; doing so can result in multiple inquiries on your credit reports, which in turn can hurt your credit scores.

This article originally appeared on Nav.com and was repurposed with their permission.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $37M in loans to help more than 1,800 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

Small business owners face many challenges in the day-to-day operations of their businesses. Perhaps the biggest one is staying organized while running the business. Our content partner Nav shares a piece from best-selling author Dave Crenshaw on how small business owners can break out of the cycle of clutter and chaos.

Here on our blog, we share the most relevant and informative content for small business owners.  We’re proud to share this article from our partner Nav.com.

Feeling a little overwhelmed at the thought of your messy workspace? You’re not alone. One of the biggest challenges in the life of the chaotic small business owner is personal organization. It’s funny how small business owners and entrepreneurs always manage to find something more important than getting organized. With hectic schedules there’s barely any time to slow down and face that dilemma. But letting that clutter take over can make life really chaotic, really fast. One little known fact about chaos: it’s contagious. It may feel like just one little unopened email here, or one piece of out-of-place paper there, but—before you know it—your entire workspace is infected!

I’m going to share with you five tips on how entrepreneurs can get and stay more organized. Or keep pretending there isn’t actually a desk under all that clutter…

Tip #1 is to make sure you have one Physical Inbox. What do you do with that one inbox? That is the place that everything that is unresolved – everything that is out of place – goes. If it’s out of place, put it in the box. In the beginning you might need a very big box. This tip will set you up very nicely for the last two tips.

Tip #2 is to have a Mobile Inbox. You’re going to be away from the office from time to time. People are going to hand you cards, papers, brochures, etc. and you need to have one place where all those things can be collected while you’re on the move. When you get back to the office dump everything from the Mobile Inbox into the Physical Inbox.

Tip #3 is to Create Homes. I adopted this phrase for my business clients: “Everything has a home and no visitors allowed.” A home is something that has walls around it – that creates a natural barrier between the things that are supposed to be inside of it and anything else. If you have clearly defined homes, when it comes time to put things away, you put it in a space that isn’t shared with all sorts of weird things. You know exactly where things belong. If you need to, you can even use a label for those homes. Get in the mindset that everything has a home—whether that home is a filing cabinet or a garbage can, get it there fast!

Tip #4 is Processing. This is a scheduled time every single week that is set aside to address your chaotic clutter. In this time, you go through all of your Physical Inbox, all your email, all your unorganized “stuff” and process it. Bring it to zero. How much time should you spend processing? I recommend five hours per week. And during those five hours, you’re going to take each item out of the inbox and decide:

  • What am I going to do with it?
  • When am I going to do it?
  • Where is its home?

Tip #5 is Processing. This tip is so important that I’m emphasizing it twice! If you have that regular schedule and you stick to that regular schedule, you’re going to be able to stay on top of everything. But, what most entrepreneurs do is they make that processing decision constantly throughout the day. They’re doing a little bit here and a little bit there – it’s all over the place – which can chop up your day. Instead, have a regular set time. Process, process, process! Pronto!

Dave Crenshaw works 30 hours per week or less, plays video games, and has plenty of time to spend with his wife and three children. He is also the master of helping business owners triumph over chaos. He has appeared in Time magazine, FastCompany, USA Today, and the BBC News. His first book, The Myth of Multitasking: How ‘Doing It All’ Gets Nothing Done, has been published in six languages and is a time management bestseller. As an author, speaker, and business coach, Dave has transformed thousands of businesses worldwide. To get free access to Dave’s online Time Management Fundamentals course on Lynda.com, please visit http://davecrenshaw.com/freetime

This article originally appeared on Nav.com and was re-purposed with their permission.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. Last year, we made $37M in loans to help more than 1,800 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

Opportunity Fund. Working Capital for Working People. opportunityfund.org