As a business owner it’s important to know your numbers. Without them, owners are ill-equipped to make sound financial decisions or confidently chart a course for growth.
To run a financially healthy company, you must know your numbers. This fundamental practice is paramount to understanding your current financial position and how it may impact your future growth objectives.
If yours is like most companies, you typically prepare annual budgets, or profit plans, for the accounting year. But with short term changes in the business climate still a reality of our future, it’s difficult to project for an entire year. Your profit plan also needs to consider the near term.
Successful cash flow forecasting requires that you understand how cash flows through your business and that profit is not the…
As a year like none other draws to a close and we enter a new year with hope for brighter days and more “normalcy,” I’d like to offer you three gifts to help you get and keep your business on track and aligned for growth.
If you’re not receiving a Statement of Cash Flows from your accountant, it’s time to ask.
You can run a business at a loss, but not without cash – it’s the lifeblood of any business.
Challenges associated with the coronavirus pandemic have illustrated how unpredictable both life and business can be, and that change can happen quickly. You can’t foresee and plan for every event and change, especially those associated with external factors, but you can develop the tools to be resilient. It starts with knowing where you stand and where you want to go.
As our business environment continues to evolve it’s more important than ever to know your numbers. With the necessity to…
Take time to unplug, to reset, to keep your life on track and live it so that you love it.