Leadership teams that focus on the right KPIs perform better than those that don’t. Choosing and monitoring the right Key Performance Indicators, or KPIs, keeps teams focused on the things that matter most so they can drive efficiently drive sales, … [Read more...]
If I Made That Much Profit, Where Is All The Cash?
The Statement of Cash Flow Has the Answer Any seasoned business owner or advisor has seen it happen. The business showed a handsome profit at the end of the year and mysteriously the cash balance plummeted. The first question the owners, accountants … [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...]
Sales and Profits are Great, but Don’t Overlook the Balance Sheet
Even business owners who are diligent about reviewing their Profit and Loss statement (aka P&L or Income Statement), often spend little to no time looking at their balance sheet. Their bankers, on the other hand, zero right in on it. Why do … [Read more...]
Ten Tips to Gain More Valuable Insights from Your Income Statement
As a business owner or manager, reviewing financial statements is a crucial aspect of keeping your company on track, and the Income Statement is the “go to” profitability tool for most. Still, it can be overwhelming to know where to start or what to … [Read more...]
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