If you’re not receiving a Statement of Cash Flows from your accountant, it’s time to ask.
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.
Cash is the fuel for your business. Without it, you can’t keep moving forward and continue to operate. That’s why cash flow forecasting is by far the most important cash management tool for business.
Having an awareness of the external factors that affect your business is the first step in being prepared to meet them when they come. Now is the perfect time to develop a contingency plan for your business, or review and revise the one you have in place.
Author James Clear points out that the quality of our lives often depends on the quality of our habits and that a simple 1% shift in behavior can yield dramatic changes. Learn three habits that can impact outcome and the success of your business.
I’ve developed a new program designed to fit the needs – and the budgets – of smaller businesses, startups and solopreneurs. With a menu of levels of service to choose from, small business owners can leap beyond much of the costly trial-and-error that may have thwarted their growth in the past.