With today's credit crunch and the housing market continuing to implode, most entrepreneurs and small business owners are finding it difficult to operate their business due to a lack of working capital. The quick solution is to run to the bank for a loan or source relatives to help manage these difficult times in our small business.

Bank loans or any kind of loan for that matter is not the correct solution.

As small business owner we need to understand the importance of accurate and timely accounting reports where we will need precise financial information to make the very important decisions we make as owners and managers.

Very often I meet small business owners who have put themselves into a pickle by not managing or paying attention to the valuable information provided in many accounting software packages.

Most businesses operate with the idea that profitability is a natural occurrence or that the challenge of developing profitable products or services is so simple that there is never a need to review pricing processes.

Often times I hear business owners, CEOs and even CFOs touting their business success due to profitable performing products and services where I often wonder what their true understanding of pricing is as it relates to profitability.

After many years of navigating clients out of tough spots and developing methodologies that actually work, I have come up with what I believe are the three most important pieces of information that are inherent in all business.

No matter the size of your business or what your business produces to sell, we all need to understand and respect the value of information.

As I continue to travel throughout the U.S. helping businesses better themselves, I notice there are three major aspects of business that are troubling to most.

1.Job Costing
2.Structure/Organization
3.Sales and Marketing

In these difficult times, we need to feel better about how our business operates day-to-day, where some of us are struggling to figure out a way to become more profitable, and to be better organized for the sake of our sanity and employees.

Have you ever considered tearing up your business only to put it back together again?

Based on the notion that we have been given a reprieve from the current global economic woes of the last year, business now has second chance to redeem itself and become like that T.V. show of the seventies.

"We can rebuild him, we can make him better than he was, better, stronger, faster".