Starting a business takes a lot of work. It also takes a lot of time and a lot of money. So how do you do it? Where do you begin? This is probably the most pressing issue for start-up businesses. Because as a new business owner you don’t want to fail as soon as you…
FOR many small businesses, growth is the barometer for success. But expansion can present challenges and one of the critical issues in any company when it is experiencing a healthy level of growth is cash flow. You can have the most amazing service or product in the world, but if you run out of cash,…
As the owner of a business, it is very important for you to have a system that you follow to track your revenue and expenses. A routine system that through which every transaction flows. I like to call this the Financial Flow System™. This system should be followed consistently and done weekly or monthly to…
In speaking with business owners all over the country, I have found there is a misconception about forecasting for sales and your cash flow forecasting. Forecasting is simply the process of planning ahead. It’s taking your original budget and making adjustments for what I call ‘new news’. No it’s not fortune telling or guessing. It’s…
As the CEO of your business it is your responsibility to know what is going on in your business. And not just from what’s going on in operations. You need to know what your finances say about your business. A big part of being the CEO of your own company is understanding the numbers in…
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