Forecasting Growth

Is your company growing? Would you like it to grow? We tend to think of growth as a universally good thing, and while it is a good thing, it comes with its share of challenges. Did you know that almost every growing company will run into cash flow shortages? Or even worse, limited cash flow; something that…

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#1 Tip on Dealing with Cash Flow Issues

I was recently asked for my #1 tip regarding small businesses and how they deal with cash flow problems and issues. While keeping up with your collections and invoicing promptly are essential, my number one tip is to avoid these crises entirely. The best way for small businesses to deal with cash flow issues is…

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Why People Struggle with Budgeting Apps

I recently read an article regarding the reasons people struggle to use most budgeting software. The author’s premise was that most software is too detailed and time consuming to keep up to date, so people give up on it. While partially true, there are enough quick-and-easy options out there (like GrowthCast) that prove that there’s…

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Fall Back onto Proper Business Planning

As the weather cools down, business heats up. What kinds of things are you doing to prepare yourself to make the most of the final four months of the year? Some suggestions: Review budgets, forecasts and goals. There’s still enough time to achieve your goals for the year if you start now. Fall is a…

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What affects your cash flow?

It’s important to know what is affecting your cash flow. Most business owners understand that profitability and cash flow are not the same thing, but not all understand the reasons why.  Here are a few of the biggest: Timing The biggest difference between cash flow and profitability for a small business owner is timing. You…

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Are you checking your financial statements?

Standard financial statements are much like a rear-view mirror. They are essential to look into to properly see what’s behind you. They tell you what happened last month, last quarter, last year. While it’s all good information, it’s not nearly enough. You want to know what’s going to happen (or at least what’s likely to…

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