Tag: best practices

How to Deal with Dwindling Profits Before It’s Too Late

Dwindling Profits

If you’re starting to see dips in your profit, it’s important to take proactive steps. While boosting sales efforts and marketing are the most common, there are a number of other measures that can help. To get other ideas for how to grow profits, I recommend that you read an article on Forbes.com that features… Read more »

Winning the Competition of Bid Pricing

Pricing

Do you have a proven best practice strategy for bid pricing?  Do you effectively anticipate your competitors strategy?  If you haven’t addressed these questions, you may be bidding too high or too low, which could spell trouble for your business. Thankfully, a recent article from Forbes.com offers sound advice to simplify the bidding process and win… Read more »

Keep Your Receivables Flowing Smoothly

manage receivables and stabilize your cash flow

No business owner wants to face a cash flow crunch. Unfortunately, many entrepreneurs find themselves in a sticky situation because of unforeseen issues with their receivables. To keep your receivables flowing smoothly, I recommend a short article from CEO World. You’ll learn the three cornerstones of receivables management that will set your business up for… Read more »

How to Identify Your Daily Cash Position Faster

How to Identify Your Cash Position Faster

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 »

Are Your Financials Confusing or Meaningful?

Simplify your metrics

If you want to be aware of your company’s financial wellness, it’s essential to have and understand financial metrics. The good news is that as a business owner or CEO, you don’t have to track everything and there are things you can do to make financials less confusing. To read how to create winning C-suite… Read more »