Will the Ghost of Your Financial Past Rob You of Your Financial Future?

Managing the financial component of your business is no small task. There are many aspects that require regular attention, and timing is critical.

Even the most savvy business owners and managers may not have been exposed to the Financial Intelligence they need to make the most of their company’s money. Maybe you’ve been intending to get a handle on things but just haven’t gotten around to it this year.

Don’t let financial habits of the past follow you into 2019 and sabotage your financial future! As you’re preparing to transition into a new year, take a few minutes to brush up on some of the Financial Intelligence that will help you avoid pitfalls and achieve your financial objectives, with fewer struggles and greater confidence.

The lifeblood of a business is CASH. Great cash management is what separates strong companies from those that struggle. Learn to become an expert cash manager.

The most important cash management tool for a business is cash flow forecasting. It may seem to be a daunting process but learn how to take it step-by-step. The result will be invaluable both in guiding your way to success and measuring your progress.

Growth is an objective for every business, but with each new milestone come both opportunities and obstacles. Now that you’ve got a handle on your cash management, learn how to apply that financial intelligence and develop a strategy for sustainable growth.

And, of course, for growth you need profitability. Profitability is affected by a variety of factors, not all of which are strictly financial. Learn about the “Five Ps” of business success – Product, Pricing, People, Process, and Planning – and how they fit together as pieces of the profitability puzzle.

Arming yourself with Financial Intelligence can mean the difference in confident movement forward versus struggling. Don’t let the ghost of your financial past rob you of the financial success you can create now and in the future. I’d be delighted to help you build your Financial Intelligence and your business. Let me know how I can help!

Written by

Rick Arthur is a CFO whose expertise is built on Financial Intelligence and 35 years in senior financial roles. Coupled with a CEO’s perspective and the experience of building his own $20 million company, he brings a unique depth of insight into business from the top down. Wired to get to know people, Rick works hand-in-hand with business owners of intentional, growth-oriented companies, solidifying relationships as a trusted advisor and confidant to his clients. He leverages his experience to help business owners gain traction and stay laser-focused on the company’s vision, cash flow, and profitability – all while creating big picture solutions for strategic planning, growth and sustainable success.