How to Improve Your Business’s Cash Flow
Accounts Receivable and Accounts Payable
There are two areas that most businesses can improve upon with only a little effort: accounts receivable and accounts payable.
Depending on your business,...
Are you concerned that your business won’t make it through the pandemic?
Like many other small business owners, COVID-19 has thrown a wrench in my business plans. I finished my MBA in March just as...
Make sure you understand the legal requirement for your business.
Depending on where you operate your business and what industry you are in, there are different legal requirements for your business. In Canada, three levels...
Like an iceberg, what you can't see is what's dangerous to your business.
There are three areas of knowledge: what you know, what you don't know and what you don't know that you don't know....
Is your product or service at the end of its life?
New products enter the market, and old products leave the market every year. Business owners face the difficult choice of knowing when to put...
Start-up, growth, plateau, (and often decline)
Entrepreneurs are often experts in their field. An entrepreneur has an idea or sees an opportunity and starts a business. If their plan is successful, their business grows and...
How good is good enough?
Over my career, I've dealt with many perfectionists, business owners or managers that demanded that each employee perform every task to perfection. This unrealistic drive for perfection created problems for...
Questions About My Company's Cash Flow
Cash flow is the lifeblood of any business. A healthy cash flow allows companies to pay
bills on time, invest...
Changing Your Business Focus When the World Changes
It’s no surprise that we’re living in a constantly evolving world. Now, more than ever before, due...
Top Cash Flow Issues for Restaurants and Bars
Cash reserves provide the means for paying employees and suppliers and meeting obligations. For small businesses,...
How to Shorten a Cash Flow Cycle
Methods and practical ways to shorten prolonged cash flow issues.
In a turbulent and unreliable economy, cash can make...