Top 10 Cash Flow Tips
Know your business’ balance sheet thoroughly. This may sound obvious, but, as your accountant can confirm, many business people don’t know how cash flow works and its significance to keeping their operation afloat. Many owners focus on their business’ profit and loss statement alone. It’s a potentially fatal mistake because healthy profits can mask an […]
Avoid Cash Flow Woes with Good AR Management
Recent economic trends have caused many contractors and other businesses to deal with accounts receivable issues. Five years ago, when the economy was better as a whole, there was less concern with enforcing a contractual right to payment because bills were being timely paid. For those contractors dealing with collection issues, not much can be […]
Retirement – What’s Cash Flow Got To Do With It?
Retirement – you may already have a date in mind, a particular birthday or after a certain number of years in the CEO’s position, but will the money be there to support your retirement needs when the date rolls around? Many people get to their hoped for retirement date only to find their finances are […]
How to Look Good to Lenders
Businesses borrow money for a number of reasons. Additional capital may be needed to increase production capacity or to open a new office location. It might be necessary to borrow to expand into a new market or to upgrade the business IT facilities. Whatever the reason, borrowing money involves the need to favorably impress the […]
A Strategy For Managing Business Bills
A business depends on its cash flow to pay its bills. Cash flow can fluctuate greatly in smaller enterprises and there are often times when payments have to be made selectively. This is a strategy to serve as a general guide for paying bills at any time; it is especially useful for times when extra […]
Cash Management Pays Dividends
Managing cash is one of the most important tasks for any business owner and even if it’s not as glamorous as sales and marketing it is the job that makes sure the bills keep getting paid on time. The cash position of a business at any time is easy to determine if you know just […]