Protecting your company’s cash position and cash flow is critical to survival. The old adage that “CASH IS KING” is still true today. In today’s economy where uncertainty is rampant, many businesses are having problems just staying alive, let alone growing. The outlook for the economy rebounding over the next two years isn’t that optimistic either. The Wall Street [...]
So, we’re now into February. The Super Bowl is over, the holidays are especially over and it’s got me thinking about your New Years Resolutions for your business. Have those fallen by the wayside now that January is over?
I’d like to focus on getting refocused…yes? I want to do this by giving you [...]
Identify
What is the biggest worry that keeps small business owners awake at night? More than likely, it’s the fear of having little or no cash flow to pay bills and make payroll. After all, if there isn’t anything in the bank, it is nearly impossible to keep the business operating.
Most of the smaller business owners [...]
Understanding the Key
Components Of Cash Flow
We hear over and over in the business news about an airline or car company losing millions of dollars yet they still continue to operate and we wonder how they do it.
On a smaller scale, some of my clients have accumulated seven figure losses, yet all the while increasing revenues [...]
How Accounts Receivable
Can Impact Your Cash Flow
One factor that is listed occurs in all businesses (with the exception of retailers): slow payment or non-payments of credit extensions, known as the collection of its accounts receivables include:
Competition
Written corporate policy that includes:
· Terms of sale
· When a customer is truly delinquent
· Collection techniques incorporated
· Support by upper [...]
Ten Guaranteed Ways to Improve Your Business’s Cash Flow
1. Collect your receivables. Almost every business has past-due receivables. Phone the people who owe you the most money, and try to resolve the problem on the spot. If you can’t get the cash flowing immediately, try to negotiate a payment schedule, or schedule a follow-up call.
2. [...]
Identifying Cash Flow Trouble Spots
During the bleak days of the Depression, an aggressive politician from New York named Franklin Roosevelt make a bold promise that his administration would put “two chickens in every pot and a car in every garage.” As it turned out, this was one of the few times in history when [...]
WATCH THE BALANCE SHEET!
Business performance hinges on your ability to analyze financial statements.
By Dan Lacy
Our culture revolves around statistics. In baseball, the number of bases a batter crosses in a season is compared to his batting average. In cinema rating, the second week of a film’s run is more important in forecasting its long-term success [...]
7 Ways to Improve Cash Flow
in Your Business
One of the more significant challenges of owning a business is having enough cash to pay the bills. Your ability to pay your bills on time, to a large effect, is based on how successful you are in collecting your accounts receivable in a timely manner.
Companies we [...]
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