As business owners, you are tasked with acquiring new customers, managing your team, and launching new products. Let’s face it. Most of us simply don’t have time to focus on our financial statements daily—or even weekly. However, businesses need an effective system for conducting operations, complying with tax laws and providing essential financial information—especially to… Read more »
Category: Cash
Despite High Profits, a Cash Flow Focus is Also Essential
Whether your business is experiencing a high volume of sales and gaining notoriety in the market or struggling to grow, focusing on cash flow is essential to short and long-term success. If you want to have the finances to grow, it’s important to establish some smart cash flow strategies that will allow you to reinvest… Read more »
When is Invoice Factoring the Right Move?
In today’s marketplace, there are many options to obtain financing, and your choices can impact your operations and success for many years. One option that is often overlooked is “Invoice Factoring.” To use this option, you simply hand over your unpaid invoices to a financial institution and then in return, they extend a line of… Read more »
How to Calculate Operating Costs & Increase Cash Flow
Do you know your operating costs by relevant product or service, and separate from S, G & A expenses? If not, you may be underbidding your products and services, leaving cash on the table. To understand meaningful reporting of your operating costs, read this article on Forbes.com. If you need assistance with assessing the costs… Read more »
Marketing Mistakes That Hurt Cash Flow and Growth
Ever experienced cash flow issues? You might actually have a marketing problem. In a recent article I read on Entrepreneur.com, the author proposes that the majority of cash flow problems are actually rooted in bad marketing decisions. There are five marketing areas business owners typically struggle with – customer retention, getting bored with the marketing activities that make them… Read more »