We all know cash is king. Cash is also the number one reason companies go out of business. I’m always amazed by the number of business owners who don’t use a cash forecasting tool to manage their business. Unless you are one of the lucky businesses with plenty of cash in the bank, here are some simple steps you need to dive into managing your cash flow.
Profitability is an essential number small business owners need to track to generate wealth. Increase your profitability, wealth flows in. Decrease your profitability and times are tougher for your business. Here are 7 strategies to improve your small business’ profitability. … Read More
“A goal without a plan is just a wish.” ~Antoine de Saint Exupéry As we head into the 4th quarter, it’s time to reflect about the current year & plan for the upcoming year. Were you successful in reaching your … Read More
This weekend we carved our jack-o-lanterns. It’s been a fun tradition over the years watching the kids grow and expand their pumpkin carving skills. This year they are old enough to pretty much handle the entire process on their own. … Read More
Scaling operations is a buzz word in today’s business world. Everyone we talk to has plans to grow and scale their business. Most executives and management teams don’t understand the hidden costs behind their planned business growth. It’s not as … Read More
The best way to increase your cash flow is to monitor what is coming in and what is going out within your business. Cash flow metrics are used to evaluate the health of a business, whether you’re looking for investors, … Read More
A bookkeeper answers to the controller who then answers to the CFO. Each position maintains an important level of financial accuracy within the business. With so many transactions happening at any given time, this system is put in place to strike a good balance and financial standing.
As the year comes to a close, it’s a great time to reflect on how your business performed throughout the year and start setting goals for the new year. One of the areas you should focus on is your financial … Read More