At Profit Soup, we’ve always been big fans of cash flow forecasting. That’s why we’ve developed new (free) weekly and monthly cash flow workbooks for planning your cash and financing needs. The Covid-19 crisis makes cash flow planning much more … [Read more...]
Your Governor says you can open soon. Now what?
Your governor says your business can open May 1, so COVID 19 is no longer contagious, right? Wrong. Not only is it still contagious, but the virus is living among your customers, staff, delivery drivers and suppliers. Since we’re not testing … [Read more...]
People First. Cash Next. Both Now.
How is your business navigating this time? In the last several weeks, almost every business we know has been deeply impacted by the COVID-19 virus. Many are completely shuttered, some are still in limited operation, while others in essential … [Read more...]
Happy New Year! Is Your Business Making Enough Profit?
It’s time to close the books on 2019 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...]
Myth-Busting Multi-Unit Expansion Series – Myth #4
This my fourth and final installment of my series that busts 4 great myths of multi-unit expansion. Myth #4: It Takes Less Franchisor Resources to Support a Multi-Unit Six-Pack than Six Single-Unit Owners Multi-unit owners are not buying a job, … [Read more...]