Recently, I was having lunch with one of our strategic partners. He was sharing a story with me about a customer they were having problems with. He talked about how difficult the customer was to service. Consequently, that customer consumed more of the firm’s resources than other customers. But he was charging them the same
When we start a consulting engagement with a new client, one of the first tools we implement is the Daily Cash Report. While the concept is simple, the results can be very powerful. If you’ve ever realized on Thursday afternoon that you don’t have enough cash for Friday’s payroll, then you know exactly what I
This time last year, we posted a survey asking you what business issues were causing you to lose the most sleep: 1) lack of training, 2) turnover, 3) cash flow, 4) managing growth, or 5) losses or declining profits. We tallied the results as of June 2014 and posted them on our blog. We also
As a business owner, I often find myself lying awake at night worrying about issues my company is facing. Are we making as much money as we should be? How is my cash flow? Do I have the right team to grow the business? These are just a few of the questions that cause me
See Also: Operating Income (EBIT) Free Cash Flow Analysis Cash Flow vs Net Income What is Cash Flow? Cash flow is the blood of a business. It is the measure of what cash is coming in and what is leaving. Cash flow is a more accurate measure of whether a company has enough capital to
What is the impact of reducing your cash conversion cycle? Is it worth the effort? In order to quantify the benefit of reducing your cash conversion cycle, it’s important to understand exactly what it is. Definition of Cash Conversion Cycle Cash Conversion Cycle is a metric that expresses the length of time, in days, that it
Effectively managing cash flow is an issue that all businesses face, whether they have plenty of cash or are experiencing a cash crunch. Cash is the lifeblood that fuels current operations and allows for growth, so developing a strategy to manage this most important asset is key. Effectively Managing Cash Flow So how do you
See Also: Net Present Value versus Internal Rate of Return Discounted Cash Flow Analysis Internal Rate of Return Method Net Present Value Method Free Cash Flow Analysis Discounted Cash Flow vs IRR A lot of people get confused about discounted cash flow vs IRR and its relation or difference to the net present value (NPV)
See Also: Cash Flow Statement Track Money In and Out of a Company Cash Flow Projections Cash is in Your Business Thirteen Week Cash Flow Report The Daily Cash Report The Daily Cash Report is used to report on the daily cash balance and to help manage cash on a weekly basis. When entering a
See Also: Cash Cycle Cash Flow Statement Free Cash Flow External Sources of Cash Why Don’t I Have Cash? I was involved in a meeting with a prospect a few weeks ago who we will call Don. Don owns a manufacturing company which is presently experiencing a growth rate of thirty percent annually. He is
See Also: Another Way To Look At Factoring Accounting for Factored Receivables Journal Entries for Factored Receivables Can Factoring Be Better Than a Bank Loan? Factoring is Not for My Company History of Factoring How Factoring Can Make or Save Money What is Factoring Receivables What, Where, and When To Use Factoring In order to
See Also: How to Develop a Daily Cash Report Cash Flow Projections Discounted Cash Flow Analysis Cash Flow Statement Free Cash Flow Analysis Track Money In and Out of a Company We have all heard CASH IS KING and HE WHO HAS THE GOLD RULES. I was talking with a business owner of a growing
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