Businesses in a heavy growth phase may experience an extreme cash crunch due to ever increasing demands of a growing enterprise. Cash flow is vital but how to control it? 1. If you extend credit, be sure to monitor accounts receivable regularly. Have a person who is dedicated to watching the A/R at least onContinue reading “Managing the Cash Flow Crunch of Business Growth”
Category Archives: business planning
20 Reasons your business will fail and 10 why it may not. Reason #2: Trying to do everything yourself.
Reason #2 Your small business will fail: Trying to do everything yourself. What can you do about it? Leverage your time: Sure you can do it all, but what are your opportunity costs? Let’s say you are spending 5 hours a week maintaining your website and social media, but if you hired someone they couldContinue reading “20 Reasons your business will fail and 10 why it may not. Reason #2: Trying to do everything yourself.”
20 Reasons your business will fail and 10 why it may not: #1 Cash Flow
This is the first in a series of posts that are designed to help business owner’s make better decisions. I truly believe that everything decision you make impacts the company’s success. Reason #1 Your small business will fail: Not having enough cash to make it through the start-up period, a downturn or to handle aContinue reading “20 Reasons your business will fail and 10 why it may not: #1 Cash Flow”
Clean Up Your Quickbooks Mess! 