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...]
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Here you will find insights, tips and road signs to help you steer your business towards profitability, sustainability and financial strength. Raise your business instincts and gut level decision-making to new heights because in today’s business climate, there’s very little room for error and even less room for bad habits.
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...]
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...]
The start of a new year and new decade is an excellent time to reflect on what you have accomplished and what you hope to achieve this year and beyond, by setting long-term goals for growing your business’ value. Franchisees should consider whether … [Read more...]
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...]