It’s an outdated concept: entrepreneurs who believe that all they need to know about their companies’ finances is revenue and expenses are fooling themselves. Those who want insight into the true strength of their company are familiar with their balance sheet and the crucial financial evaluation it facilitates. Getting started The Balance Sheet is a […]
Business Finance
Avoid That “Dangling Over an Abyss” Feeling
A small business operator who doesn’t understand cash flow is figuratively dangling from a rotten tree branch over a financial abyss. Adequate cash relieves pressure for meeting current obligations and implementing future expansion. You don’t need a wide-ranging survey of the financial environment to “get” cash flow; paying attention to a few factors is all […]
A Balance Sheet Supports Your Decision Making
In order to be an effective sales professional and provide a solution that helps organizational efficiencies and profitability it is important to first understand the financial landscape of an organization. Some business owners operate under the tragic illusion that recording business transactions is merely an exercise for tax purposes. But business operators with experience know […]
Building the Right Cash Reserve for Your Business
Knowledge and preparation are as constant in the life of a business owner as the daily sunrise. Paramount to this ongoing focus is cash liquidity. Upward trajectory in business requires incoming cash to exceed cash outflow. Keeping the bills paid when cash collections are low is an exercise in perseverance to achieve the ultimate objective […]