Cash management is the key to staying in business — no company lasts long without consistent cash flow and strong collections activities. Learn the 4 keys to cash management and implement them today.Continue Reading » →
Posts Tagged Cash Flow
Any business that deals internationally deserves to have a strong, forward-looking currency plan that supports the company’s overall financial goals and protects their profit margins. The re-valuation of the Chinese Yuan this week highlights a risk that most small businesses barely acknowledge: the cost and volatility of international money exchange.
If you’re buying raw materials from China, your costs suddenly increased by 4% (enough to wipe out the entire profit margin for some businesses), which makes foreign currency exchange a risk that you cannot afford to ignore.
How do you protect yourself against these kinds of risks? Here’s the 4 basics you need to know now…
Ed Goodman has invested in over 100 companies including Apple Computer and Staples office supply stores. He shared with me the five worst rookie mistakes that entrepreneurs make when pitching to venture funds. See if you recognize yourself in any of these:Continue Reading » →
There are so many moving parts to worry about when managing your business. And to make a hard job even harder, accounting systems never seem to have a single report that draws all your most important data together in one place. Key Ingredients Instead of relying on 12 different financial reports, build one […]Continue Reading » →
Whether your business is growing rapidly or just getting started, you need cash. But negotiating with investors or VC can take a long time – time you don’t have. Most entrepreneurs report that investors take 6 months or more to write a check. You need cash NOW… not months from now when investors […]Continue Reading » →
Forget “magic number” theories of SaaS business models. Grab this free Excel spreadsheet to find out if your SaaS business will thrive or dive. Includes Churn and GM%.Continue Reading » →
As a strategy and finance turnaround consultant, I have worked with many companies in crisis – usually one triggered by cash flow problems. The company’s bank account is heading toward the red and the business owner wonders how to meet future expenses. Cash flow crisis require fast action and the […]Continue Reading » →
It’s OK, at some point, every business owner feels it. It starts with a tightening of the chest. Then there’s the ache in the pit of your stomach. And a fuzzy feeling in your head. Why? It’s almost payday and you’re short on cash. First, breathe. Stressing out won’t put cash […]Continue Reading » →