Do you suffer from these Cash Flow problems?

A recent article I read on Cash Flow Problems…. Highlighted these eight issues.  Which issues do you suffer from? Lacking cash reserves. Expensive borrowing. Decreasing sales or profit margins. Outstanding receivables. Uncontrolled business growth. Too much inventory. Seasonal changes in demand. Inaccurate forecasting or bookkeeping practices. All these issues can be fix, the problem is […]

Read More »

How to improve you Cash Flow

Improving your Cash Flow isn’t difficult, it just requires a re-think It is a seven step process. 1. Cash Flow Forecast 2. Improve Invoicing 3. Make your payment terms known 4. Change your payment policies 5. Use EDI & E-Commerce 6. Open yourselves to FX 7. Look into interest free credit Cash Flow Forecasts Updating […]

Read More »

Credit and Receivables: do you manage them or do they manage you?

Receivables and Credit Unless you’re a cash business, you will need to extend credit. How you manage your receivables will determine how much cash flow you ultimately have. When was the last time you calculated your Days Sales Outstanding (DSO)? Have you ever heard of the Collection Effectiveness Indicator (CEI)? I hadn’t until I did […]

Read More »

Who really makes the Budget?

I have been making budgets for way too many years in scores of industries, sectors, sub-sectors, mid sized companies, small companies, start-ups, growth, turnarounds, privately held, VC/PE held, publicly held; well I guess you get the drift. As the senior accounting/finance person (the titles have been different over the years, but the responsibly in this […]

Read More »

The Back Office Matters more than you think!

I have been involved in the start-ups to the $100M business segment for most of my career. What is almost universal is that most business owners, whether first-timers or serial entrepreneur’s or professional management of start-ups to companies running about $40M in revenue just don’t understand, yet even appreciate what the back-office does for the […]

Read More »

Ever have an Embezzlement Susceptibility Probe?

All companies are candidates for embezzlement. Let’s face it, human’s work at companies, interface with companies, program computer software for companies and humans are fallible. They can lie, cheat, steal and commit all types of anti-social and criminal behavior if the right triggers are set into motion. Many times these triggers are hidden from company […]

Read More »

Embezzler’s always give themselves away.

Whether it’s living large, over-zealous work habits or an in-flexible attitude to change, they the Embezzler will always let their hands slip. Embezzler Embezzler Embezzler Take a potential client we had some time back. The business wasn’t doing as well as it had, even adjusted for market conditions. So a partner reached out to us. […]

Read More »