Category: Cash

Are Past Due Balances Putting Your Cash Flow at Risk?

Cash is the lifeblood of every business. Maintaining healthy cash flow is key in providing sufficient working capital to fund operations. One potential cash flow trap is accounts receivable. If you have a business that sells to wholesale customers, you typically have to offer them payment terms. Collection from these customers can be a challenge.… Read more »

Why Every Business Owner Should Have A CFO On Their Team

CFO

Many of the business owners that I come into contact with are ‘successful’ while not having a CFO (Chief Financial Officer) on their teams: They are engineers, builders, medical professionals, attorneys, software developers, marketers, business coaches, etc., and are very good at what they do Their businesses have ‘been in business’ for several years, often… Read more »

Cowboy Math – Real Time Cash Flow

Every entrepreneur needs to realize he is primarily in the cash flow business.  Successful people always watch the numbers like a dog with a bone.  A problem exists today because the rules have become so complicated that the accounting world is focused on monthly and annual financial statements that follow GAAP rules where the numbers… Read more »

The Three P’s of Planning

Man Drawing Out Computer Strategy

People. Product. Profit. Those were the elements we used for the annual business planning process in the advertising agency where I spent a good many years of my career. Whether it was because I was part of the finance organization or just the reality of being part of a large, publicly traded entity with quarterly… Read more »