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 »
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 »
As a business owner, you understand that cash flow is critical to your success. But even so, many business owners still struggle to manage cash flow well consistently, which can lead to a crisis and the need for high-interest, last-minute loans. If you want to avoid that – and I am sure you do –… Read more »
If your company is failing or just in trouble, the first step to save it is to make sure you understand your current cash flow situation. And, the only way you can do that is by making sure you have the proper financial tracking and measurement tools in place. Beyond that, there are many other… Read more »
Business owners have the tendency to focus on sales and overall profit, which is good, but without healthy systems in place to manage cash flow, the health of an organization can be compromised as situations fluctuate. There are three critical principles you must follow to keep an organization’s cash flowing in a healthy manner. Know… Read more »