Robert Krant is a finance and e-commerce professional who lives in New York City. He has over two decades’ worth of experience in the financial industry, and he is a highly effective leader who can inspire and motivate his team. Like many people, Robert’s career started with education. He earned his bachelor’s degree from Temple University, and he then went to USC for his master’s degree.

After working at Philadelphia National Bank, Robert became a financial professional at Wells Fargo. He held various positions within the organization, including the Vice President and Manager of Corporate Banking on the West Coast. His career in the financial industry took him over seven years.

Robert Krant Headshot

After moving to Los Angeles, Robert worked at City National Bank. He then became the Senior Vice President and was responsible for the organization’s Corporate Banking division. In 2009, he and his partner launched Hawaii Roasters, an e-commerce business that focuses on the Hawaiian coffee market. Robert stayed with the company for eight years, and he was the company’s director of e-commerce.

In his most recent position, Robert is the Chief Digital & Finance Officer of Beauty Plus Salon, a leading beauty salon in New York. He is responsible for all aspects of the company’s e-commerce business, including budgeting, planning, digital marketing, and agency management.

He has a lot of responsibility for the company’s online business, and he is proud to be involved in its growth. He helped launch the e-commerce division of Beauty Plus Salon, and he is hoping that it will continue to grow. Throughout his career, Robert Krant has gained various skills and knowledge. Some of these include e-commerce, cross-functional management, and growth and expansion.

Robert enjoys keeping up with the latest developments in world affairs, as he never knows what will happen next. He also believes that people should always be updated with what’s happening in the industry. Thanks to the internet, it is now easier than ever to keep up with all the latest news. When he’s not working, Robert enjoys spending time with his hobbies, such as skiing and cooking. Although these two may not seem related, they provide the opportunity to have fun and develop new experiences. When he moved to New York, he was able to take advantage of the many beautiful mountains that the area has to offer. These mountains have helped create new memories for him, and he is eager to add to them.Check out his Twitter and his Tumblr to keep up to date on Robert Krant!

Financial Mistakes Business Owners Make

Two out of every three small business owners make at least one financial mistake. Here are some common reasons why these owners make these mistakes and how you can prevent them from happening in the future.

1. Bad Budgeting

Before starting a business, you may know how much you need to spend on certain items. It can be easy to assume that you can spend up to what you can afford due to how much you have in your funds. Unfortunately, this can be why many small businesses still need to have a written budget. According to a study by Clutch, about half of all companies still need a written budget.

One of the main reasons many entrepreneurs fail to have a written budget is that they are running their businesses for profit instead of reaching their goals. Having a plan helps keep you focused on your objectives and prevents you from getting carried away. It is also essential to have a written budget as it allows you to adjust your spending if necessary.

2. No Attention To Interest Rates 

According to a survey conducted by Small Business Credit, about a quarter of companies have a funding shortfall after applying for a loan. As the economy continues to tighten, it is becoming harder for small businesses to feel grateful for their funding.

Because of this, many small business owners end up with high-interest rates and fees on their loans. Before you take out a loan, it is crucial that you thoroughly assess the terms of the agreement. If you are already paying high-interest rates, it might be time to rethink your strategy.

3. Getting Cash and Profit Mixed Up

One of the biggest financial mistakes of small business owners is assuming they are earning a profit when they are only earning a profit. For instance, if you are a staffing firm, you know you make $50 for every hour worked, and you only have to spend $40 to get someone on the job. You are already running a profitable business and expect a positive profit margin by the end of this year.

Let’s say that you are earning a profit of $20,000 this week by performing $100,000 worth of services. However, you have $80,000 in expenses, and even though you will eventually receive a payment of $100,000 from your client, it will only come in for six weeks. If you don’t have the money to cover your expenses, your team might leave, and your business could close. Having cash and being profitable are two completely different things.

4. Ineffective Management Of Cash Flow

A common reason small businesses fail to manage their cash flow is because they have a cash shortfall before paying their employees. This can be caused by various factors, such as needing help to pay the bills, over-expending, and poor cash flow management strategy.

If your company’s money is being kept in the bank instead of being invested and growing, you’ll likely strangle it. According to the NFIB, cash flow management is one factor contributing to the closure of over 80 percent of small businesses.

Robert Krant