It’s time to close the books on 2017 and soon your financial statements will be ready to give you valuable information about your results. For many, the inevitable realization will soon occur. “We exceeded our sales goal and made a profit, but is … [Read more...]
Where’s The Cash?
Everybody wants better cash flow. Even the most profitable businesses run short of cash at times, especially seasonal businesses or those that are growing quickly. And many growing and profitable businesses have failed because there simply wasn’t … [Read more...]
Tips for Improving Your Cash Flow
Review financial statements each month, including the Statement of Cash Flow, to gain an intuitive sense of how decisions and business conditions impact both profit and cash. Prepare a Cash Budget for the coming year to predict possible cash … [Read more...]
Realize The Power of Business Benchmarks: Measure, Understand, Get It Done!
Envision this. The year is 2020 and you’re about to stand up and thank your team for a job well done. In the past 5 years your sales have increased an average of 10% per year, in spite of some difficult economic hurdles. Your business is financially … [Read more...]