#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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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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Focus on Cash Flow

In the article listed below, Guy Kawasaki urges us to “focus on cash flow, not profitability” – I love it! Many profitable (on paper at least) businesses have run into any number of problems, from difficulties making payroll to (unfortunately) completely going out of business. That’s why they always say, “cash is king.” Kawasaki gives…

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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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What is Cash Flow? Back to Basics

What is Cash Flow and why is it important? In this week’s blog post, we have gone back to basics – discussing the core fundamentals of cash flow and the effects it can have on the day to day running of a business. It is with this in mind that we have created a series…

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Google Hangout on Air: Financial Reporting

In our latest Google Hangout on Air, Stephanie Sims and I talk about financial reporting requirements for small businesses – both formal and informal. We give some tips on how to make it easier and offer a free resource to keep you out of hot water. If you missed the Hangout, watch here and be…

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