To keep your business ahead of the competition, you’ve got to know your daily cash position. The more efficiently you are able to process this metric, the more time you will have to assess what it is strategically saying. But establishing a cash position can be complex and labor-intensive, especially for larger companies. Thankfully, new… Read more »
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 »
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 »
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 »
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 »