Brad Farris

As principal advisor of Anchor Advisors, Brad Farris has experience leading businesses & business owners into new levels of growth and success. Through his work with over 100 Chicago area small businesses he has experience in guiding founders and business owners through the pitfalls and joys of growing their business. Prior to joining Anchor Advisors, Brad spent over 10 years managing business units for a family-owned conglomerate with sales of $2 million to $25 million.
When not working Brad enjoys cycling, cooking and the NFL. He is married with 5 children and lives in Chicago, Illinois. Connect with him on Google+, Twitter and LinkedIn.

How to measure business performance — use numbers and not your gut!

how to measure business performance

Numbers give me a headache. I don't want to stare at spreadsheets all day -- I get a good enough "gut" feel just from running my business. Why should I care about the "numbers"? Most business owners have a strong "gut feeling" or intuition about their business. It makes sense. They spend all day,

Reading a balance sheet: 3 things business owners need to look for

reading a balance sheet

A business' financial statements are the most basic indicator of your business' health. But they can be confusing and complicated and, truthfully, not many business owners look at them (and when they do they might not learn much). Yesterday I offered some tips on how to read an income statement.

How to read an income statement: What every business owner needs to know

how to read income statements

One of the most basic of indicators of the health of any business is its financial statements. I'm not saying they are the be-all-end-all. There are lots of other indicators we should look at in addition to the financial statements; but it's hard to argue that you are fully in control of your

5 things you are spending money on that are not (fully) tax deductible

office space tax deductions

My accountant says I made $300,000, but I don't see it in my bank account. Where did it go? Every year at tax time, business owners call me up and complain that their tax return says they made more money than they see in their bank account. Isn't it supposed to be the opposite? Aren't we supposed

My business is growing, but my bank account is shrinking! Here’s 4 reasons why.

growing a business

Growing a businesses means you'll consume a lot of cash. No one told you that, did they? When your business grows from sales of $350,000 to $800,000, your income isn't going to double. In fact, it may go down! It might be harder for you to stay profitable at $800,000 than you were at $350,000!

Don’t let ‘great’ be the enemy of the ‘good’

tom peters quote

“Life is pretty simple: You do some stuff. Most fails. Some works. You do more of what works. If it works big, others quickly copy it. Then you do something else. The trick is the doing something else.” ~ Tom Peters Tom Peters could be thought of as one of the founding fathers of the American

Step 3: Stop doing your employees’ work!

employees work

This is Step 3 in our control freak recovery series. In this step we talk about how it's not the boss' job to clean up our employee's messes or do their job for them. Read Step 1 and Step 2 here. This is a long journey, and none of us can go it alone. We hope you're reaching out to a trusted friend

Step 2: Why business owners need to ‘let go’ more

let go

This is Step 2 in our control freak recovery series. This time we talk about what it looks like to loosen up our grips on controlling everything inside of our business -- and why it's healthy. Find step 1 here. Too many business owners have an inner control freak that can make them really

#Inbound14 Recap: The future of content marketing is here

IMG_0042

I've been in Boston all week attending Hubspot's annual Inbound conference. Here's the highlights from Day One and Day Two. When we look back at the history of the content marketing movement, we are going to mark 2014 as a watershed moment. During this year, "content marketing" proved its worth.

Inbound14 Day Two Takeways: Less inspiration, more perspiration

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I'm spending the week at Hubspot's Inbound14 marketing conference and I'm trying to give you a peek at some of the big ideas I'm hearing. Yesterday I was inspired by Dharmesh Shah's ideas about reaching big to attract better people. Today I heard a number of talks about how you make this Inbound

Inbound14 Day One Highlights

Inbound 2014 Day 1

I'm at Inbound14 this week in Boston attending HubSpot's big annual content marketing conference. These are highlights from day one. Here are day two's! Attempting to write a recap of Inbound 14 Day One highlights seems like an impossible task. There are over 150 speakers (of them, 25 are Best

Cube vs. Corner: How do the boss’ work habits affect yours?

How does your boss' work habits affect yours?

Sometimes it’s difficult to know how much you’re supposed to reflect the boss’s work habits. Especially in regards to working hours. After all, he or she is the boss — so doesn’t that role come with increased responsibility? But at the same time, as an employee, it’s important to show dedication and