What Banks Want You To Know About Money
What Banks Want You to Know About Money When it comes to working and growth capital, business owners get frustrated with banks and banks get frustrated with business owners. Banks get frustrated with owners who expect to get a loan or line of credit, even though they cannot prove the financial health of their company. Owners get frustrated … Continued
Understanding the Concept of Business Development
Understanding the Concept of Business Development Business development is one of those strange business concepts. When you ask someone to define it, depending on their occupation, you will get different answers. People usually describe it based on their specialty. They will say it is sales, marketing, healthier revenue, strategic partnerships, customer service, growth/expansion, increased profit, more market share, … Continued
6 Ways to Improve Cash Flow
6 Ways to Improve Cash Flow Did you know that profitable, growing businesses regularly go bankrupt? One main reason is cash flow mismanagement. The typical business owner is not formally trained in cash flow management and many are missing this vital skill needed to achieve long term success and stability. The importance of good cash flow management cannot be … Continued
BREAK-EVEN POINT: THE SECRET to SUCCESS
BREAK-EVEN POINT: THE SECRET to SUCCESS Business owners who do not know their break-even point will eventually find themselves asking, “I’m making sales, but why don’t I have any money?” How can this happen? The answer is simple – because you are probably not doing the math. Making sales is different than making a profit, and … Continued
Managing Cash Flow for Success
Did you know that profitable, growing businesses regularly go bankrupt? One main reason is cash flow mismanagement. The typical business owner is highly skilled at their craft and knowledgeable in their product or service; however, many times, they are not formally trained to run a business, and may not be familiar with the process of cash flow management. … Continued
SALES DON’T ALWAYS EQUAL PROFIT
SALES DON’T ALWAYS EQUAL PROFIT “I just need to sell more, and I’ll get out of this hole.” “I just need to sell more, and I can retire in five years.” “I just need to sell more, and I’ll be able to grow.” “I just need to sell more and …………” Ask the typical business … Continued
Four Strategies for Managing Cash Flow
Four Strategies for Managing Cash flow Did you know that profitable, growing businesses regularly go bankrupt? One main reason is cash flow mismanagement. Many business owners are not trained for, nor understand cash flow management. Most are missing this vital skill they need to achieve long term success and stability. There are many ways to get good cash flow. Here are four … Continued
